RNS Number : 9814M

3i Group PLC

27 September 2021

Press release

27 September 2021

3i Group plc

Update on portfolio and Capital Markets Seminar

3i Group plc ("3i" or "the Group") will be holding a Capital Markets Seminar via webcast today, involving presentations on GartenHaus, MPM and ten23, three of our recent Private Equity Investments. In addition, Simon Borrows, our Chief Executive, will provide an update on the portfolio more broadly, the key elements of which are outlined below. The seminar will start at 14.00 and the joining details are provided at the end of this press release. The presentation materials and a recording of the webcast will also be made available on our website.

Our investment portfolios in Private Equity and Infrastructure have continued to make good progress in this financial year to date. We have now completed our September semi-annual portfolio company reviews for Private Equity, Infrastructure and Scandlines, which have confirmed strong performance in the significant majority of our investments, including our healthcare investments, our retail and e-commerce investments and our value-for-money companies.

Action's impressive performance has continued with sales, EBITDA and cash generation above budget for Q3 to date. YTD sales at over EUR4.5 billion are now over 20% ahead of last year with strong trading continuing across all geographies. We expect LTM EBITDA to the end of P9 to be over EUR760 million compared to EUR579 million at September last year and EUR506 million at September 2019. Cash generation has continued to be strong with a current cash balance of approximately EUR900 million. Action has now opened 150 stores in 2021, including its first five stores in Italy where trading has been ahead of plan.

A live webcast of the seminar will be available at 14.00. To register for the webcast, please visit https://www.3i.com/investor-relations/capital-markets-presentations/2021/ . Registrations are open now.

- Ends-

For further information, contact:

 3i Group plc 
  Silvia Santoro            Tel: +44 20 7975 3258 
  Investor enquiries        Email: silvia.santoro@3i.com 
  Kathryn van der Kroft     Tel: +44 20 7975 3021 
  Media enquiries           Email: kathryn.vanderkroft@3i.com 

About 3i Group

3i is a leading international investment manager focused on mid-market Private Equity and Infrastructure. Our core investment markets are northern Europe and North America.

For further information, please visit: www.3i.com

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September 27, 2021 02:00 ET (06:00 GMT)

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