Travis Perkins PLC — Earnings Release 2019

Jan 29, 2020

Travis Perkins (TPK) 29-Jan-2020 / 07:00 GMT/BST Dissemination of a RegulatoryAnnouncement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

29 January 2020 Travis Perkins plc

Wickes - Q4 2019 Trading update and Capital Markets Day Con!nued strong performance across both Core and DIFM (Do-it-for-me)

Travis Perkins

In December 2018, the Travis Perkins Group announced a strategic plan formulated around two key pillars; to focus on its advantaged trade businesses, and to simplify the Group to enable a more streamlined cost structure and faster decision making. In line with these strategicaims, and followingasignificant improvement in the financial performance of the Wickes business in the first half of 2019, the Group announced in July 2019 the inten(on to demerge Wickes.

Ac(ngas separate listed en((es will enable the management team of each company to focus on deliveringa dis(nct business plan to deliver the best service to their primary customer base,alloca(ngcapital and resources in the op(mum way to deliver sustainable returns.

Wickes

Today, the Wickes management team is hos(ng a capital markets presenta(on to set out its strategy as a digitally-led, service-enabled home improvement business, together with upda(ngthe market on sales performance for the final quarter of 2019.

At the event, the Wickes management team will provide detail on the investment case, which will include an overview of the unique customer proposi(on, financial frameworkand vision forgrowth across both Core (Local Trade and DIY) and DIFM(Do-it-for-me).

Wickes delivered like for like sales growth of 4.5% in Q4 driven by con(nued strong performance across both Core and DIFM. For the full year, like-for-like salesgrowth was 8.7% and total salesgrew by 7.7%.

Q4 2019 salesgrowth	Core	DIFM	(1) Wickes
Like-for-like salesgrowth	5.1%	3.2%	4.5%
Total salesgrowth	4.2%	1.7%	3.4%
YTD 2019 salesgrowth	Core	DIFM	Wickes
Like-for-like salesgrowth	6.5%	14.1%	8.7%
Total salesgrowth	5.7%	12.8%	7.7%
Two-year total sales LFL growth			4.0%

David Wood, Wickes CEO, commented:

"I am delighted to report a strong sales performance for Wickes in Q4 and for the full year, se!ng us up well for the intended demerger from Travis Perkins, which remains on track for Q2 2020.

"I would like to thank all my colleagues for their hard work, dedica(on and focus on delivering for our customers, which has driven excellent performance across the year. We are looking forward to our future as a standalone business, building towards our vision of a Wickes project in every home, allowing us to createlong-term valuefor all our stakeholders.

"We have great confidence in our strategy, which is centred around our strong brand, a dis(nc(ve and hard to replicate customer proposi(on, a uniquely balanced business and a low cost and efficient opera(ng model. We are pleased with the growth Wickes is delivering and confident in our ability to con(nueto grow. Welook forward to providing more detail on this at today's CapitalMarkets Day."

The presenta(on and a webcast of the event will be made available from 12.45pm GMT via www.travisperkinsplc.co.uk/investors. An ondemand recording of the event will also be published on the 30th January.There will be no new disclosures on current tradingcondi(ons.

Investor/ analyst enquiries

Graeme Barnes| +44 7469 401819 |graeme.barnes@travisperkins.co.uk (Travis Perkins)
Zak Newmark| +44 7384 432560 |zak.newmark@wickes.co.uk (Wickes)

Media enquiries

Jus(n Griffiths, James White | Powerscourt| +44 20 7250 1446 (Travis Perkins) Lucy Legh, Henry Wallers| Headland | +44 20 3805 4822 (Wickes)

Footnotes

1. Wickes Q4 like-for-like and total sales growth for the 13 week period ended 28 December 2019 compared to the 13 week period ended 29 December 2018.

LEICode: 2138001I27OUBAF22K83 Sequence No.: 43233 EQS News ID: 962951

End ofAnnouncementEQS News Service