FURTHER INFORMATION GLOSSARY S S TR ADJUSTED EBITDA FRC NET-ZERO TR A Removes depreciation, loss/(profit) on sale of fixed Financial Reporting Council Reducing Scope 1, 2, and 3 emissions to zero or A TE assets and amortisation from adjusted operating to a residual level that is consistent with reaching TE G profit/(loss) FREE CASH FLOW net-zero emissions at the global or sector level in G I I C eligible 1.5°C-aligned pathways and neutralising C R ADJUSTED EBITDA MARGIN Cash inflow/(outflow) from operating activities any residual emissions at the net-zero target year R E plus the cash used in investing activities (excluding E P Adjusted EBITDA divided by revenue interest received) plus interest paid in the year less and any GHG emissions released into the P O atmosphere thereafter O R interest received R T ADJUSTED EBT T Profit/(loss) before tax and adjusting items as FTSE PHEV shown in the Consolidated Income Statement Financial Times Stock Exchange Plug-in Hybrid Electric Vehicle G G O O VE ADJUSTED EARNINGS PER SHARE FY PIK VE R Profit/(loss) after income tax before adjusting Financial year, full year Payment-in-kind interest, whereby interest on R NAN items, divided by the weighted average number of a bond is paid by scrip issuance of further bonds, NAN ordinary shares in issue during the reporting period GHG rather than in cash C Greenhouse gas C E ADJUSTED OPERATING MARGIN R&D E Research and development Adjusted operating profit/(loss) divided by revenue GPG F Gender Pay Gap F I RCF I NAN ADJUSTED OPERATING PROFIT/(LOSS) Revolving Credit Facility NAN Profit/(loss) from operating activities before GT C adjusting items Grand Tourer, a sports car with two front seats C IAL plus smaller rear seats RELATIONSHIP AGREEMENTS IAL S AGM Relationship Agreements between the Company S T Annual General Meeting HNWIs and the Yew Tree Consortium dated 27 February T A A T High Net Worth Individuals 2020, MBAG dated 27 October 2020, the Public T E Investment Fund dated 29 July 2022 and Geely E M APM M E dated 18 May 2023 which govern the relationship E N Alternative Performance Measures; for detail HY N T of the measures adopted see note 34 to the between the Company and each of these T S Financial Statements Half year shareholder groups S ICE RETAILS F ASP Internal combustion engine F U Average selling price A volume measure of unit sales of vehicles by U R dealers to customers; and/or Company sales R T T H IFRS of certain Specials direct to customers H E BEV E R International Financial Reporting Standards R INF Battery Electric Vehicle SBTi INF IPO Science Based Targets initiative OR CARBON NEUTRAL OR Initial Public Offering M Carbon neutral means that any CO released into M 2 SECTION 172 OR S.172 A the atmosphere from a company’s activities is A T KPIs Section 172 of the Companies Act 2006 requires T I I ON balanced by an equivalent amount being removed Key Performance Indicators the Board to consider a number of factors in ON CORE its decision-making, including the interests The Company’s models in ongoing production LTIP of its stakeholders excluding Specials. These currently comprise Long Term Incentive Plan SID Vantage, DB11, DB12, DBS and DBX MATERIALITY ASSESSMENT Senior Independent Director EBITDA An assessment which determines an organisation’s Earnings before interest, tax, depreciation material sources of environmental, social and SONIA governance risk and opportunity to inform Sterling Overnight Index Average and amortisation sustainability reporting processes EPS SPECIALS Earnings per share MBAG Vehicles produced in limited numbers Mercedes-Benz AG ERP V8, V12 NED Enterprise resource planning An eight-cylinder internal combustion engine; Non-executive Director a twelve-cylinder internal combustion engine ESG NET DEBT WHOLESALES Environmental, social and governance Current and non-current borrowings in addition A volume measure of unit sales of vehicles by EY to inventory financing arrangements and lease the Company to dealers; and/or company liabilities recognised following the adoption of Ernst & Young LLP, the Company’s current sales of certain specials direct to customers IFRS 16, less cash and cash equivalents, cash held External Auditor not available for short term use FIXED MARKETING OR FM Explicit marketing costs incurred directly by the Company, such as hosting launch events ASTON MARTIN LAGONDA ANNUAL REPORT AND ACCOUNTS 2023 207