Franchise Brands plc Annual Report and Accounts 2018 01 Financial Statements Strategic Report Governance OPERATIONAL HIGHLIGHTS • Metro Rod's Vision 2023 strategy greeted with real engagement from the franchise network. • Double-digit like-for-like sales growth for half the Metro Rod network. • Development of new business systems is progressing well. • Metro Plumb grew rapidly with system sales up 27%. • ChipsAway continues to improve the quality of income. FINANCIAL HIGHLIGHTS Revenue Adjusted EBITDA* Profit/(loss) before tax Adjusted earnings per share* Dividend per share (Net debt)/Cash £35.5m +43% £3.7m +37% £2.9m 3.0p +21% 0.67p +34% £(5.0)m -21% 20180.67p 20170.50p 20160.17p 2018£(5.0)m 2017£(6.3)m 2016£2.5m 20183.00p 20172.47p 20162.40p 2018£2.9m 2017£(0.1)m 2016£0.8m 2018£35.5m 2017£24.9m 2016£4.9m 2018£3.7m 2017£2.7m 2016 £1.4m * “Adjusted” items are before costs of acquisitions of subsidiaries, costs of transition of subsidiaries, exceptional bad debt provision and IPO expenses and, in relation to EBITDA only, share-based payment expense.