WELL POSITIONED TO NAVIGATE AN UNPRECEDENTED PANDEMIC

MAY 2020 TRADING STATEMENT21 May 2020

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This presentation contains certain forward-looking statements with respect to the financial condition, results, operations and business of Intertek Group plc.

These statements and forecasts involve risk and uncertainty because they relate to events and depend upon circumstances that will occur in the future.

There are a number of factors that could cause actual results or developments to differ materially from those expressed or implied by these forward-looking statements and forecasts.

IFRS 16 was adopted on 1 January 2019 for our statutory reporting, without restating prior year figures. As a result, the discussion of our operating results is on an IAS 17 basis for all periods presented, unless otherwise stated.

Nothing in this presentation should be construed as a profit forecast.

21 May 2020

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INDUSTRY LEADER WITH HIGH QUALITY EARNINGS MODEL

• Global network of state-of-the-art operations in 100 + countries with subject matter experts

• Scale and with market-leadership positions across the Product, Trade and Resources

• Depth and breadth of mission-critical ATIC solutions

• High-performance, passionate organisation

• High-margin and strongly cash generative earnings model and disciplined capital allocation policy

High margin, strongly cash

generative earnings model

TRACK RECORD OF CONSISTENT VALUE CREATION

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132.1

211.7

FY14 FY19

Adjusted EPS (p)

+60%

185

380

FY14 FY19

Free Cash Flow (£m)

+106%

16.3%

22.8%

FY14 FY19

ROIC - Actual (%)

+650bps

15.5%

17.2%

FY14 FY19

Adj. Operating Margin (%)

+170 bps

54,845

66,425

FY14 FY19

Revenue per employee (£)

+21%

2,093

2,987

FY14 FY19

Revenue (£m)

+43%

STRONG BALANCE SHEET

• Group net debt of £629m*, 1.0 x net debt:EBITDA, down from 1.4x in prior year, reflecting continued strong cash generation

• Debt has a long duration maturity profile, with Company having recently refinanced and extended its Revolving Credit Facility to US$850m with a syndicate of 8 banks in January 2020 for a 5-year term

• Company had undrawn committed borrowing facilities of c.£325m* and confirmed that it is in a position to draw down on the Bank of England’s CCFF facility, should it need to do so.

*At December 31, 2019 at IAS 17

PROGRESSIVE DIVIDEND POLICY

• Group operates progressive dividend policy with targeted payout ratio of c.50%

• Intertek ranks 2nd highest in the FTSE100 in-terms of dividend progression since 2002 IPO

• FY 2019 dividend of £170m

• 105.8p per share, up 6.8% YoY

• Final dividend paid on 11 June

DIVIDEND (P)

14-19 CAGR: +16.6%

+6.8%

49.1 52.362.4

71.3

99.1 105.8

FY 14 FY 15 FY 16 FY 17 FY 18 FY 19

BRINGING QUALITY, SAFETY AND SUSTAINABILITY TO LIFE

• Total Quality Assurance superior customer service

• Powerful portfolio

• High-quality compounder earnings model

• Passionate customer-centric organisation

• Disciplined performance management

AGILE AND FAST TO ACT

• Adapted to new operating environment with agility and speed

• Comprehensive policy and processes to protect our people’s health and safety

• Helped our clients resume operations

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THE SITUATION EVOLVED RAPIDLY…

FIVE OPERATIONAL PRIORITIES

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Employee Health and

Safety

Customer Service

Margin Cash Engagement

HEALTH & SAFETY COMES FIRST

1. The use of personal protective equipment, including face masks

2. Hygiene, control and prevention measures3. Social distancing and restrictions on

gatherings4. The sanitisation of facilities5. Guidance for visitors to our facilities6. Guidance for those of our employees who

work at client premises or locations in the field

7. Restrictions on international travel; and 8. Guidance on what to do if you feel unwell.9. Working from home for non-billable

employees10. Health monitoring for employees who are

unwell

INTERTEK COVID 19 HSE POLICY

MISSION-CRITICAL ROLE IN THE ECONOMY

• Committed to providing uninterrupted service to our clients to make sure their supply chains operate safely

• Keeping our operations open 24/7 to provide maximum support to our clients during these very difficult times

• Increased client communication frequency to make sure we understand their needs quickly

SUPPORTING OUR CLIENTS WITH INNOVATIVE SOLUTIONS

IMMEDIATELY RESPONDING TO OUR CUSTOMERS’ NEEDS

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Curbside pick-up, innovative sample pick-up solution to ensure social distancing and safety of

customers

Food and Chemical & Pharma labs provided 24/7

testing and inspection services

Design, development, testing and certification of

Healthcare and Medical Lighting to aid diagnostics

and healing

Increased productivity and shift working hours,

offering 24/7 hotlines

Intertek remote solutions, enabling mission-critical business continuity

Turnkey remote audit and inspection solutions, reducing turnaround times while providing

transparency and peace of mind that work is performed to the highest Intertek standards

Remote inspection and audit solutions using Inview, ensuring the safety of our employees and customers

Remote testing solutions using live video streaming

Remote report review and certification services to ensure business continuity

BETTER, FASTER AND MORE SUSTAINABLE ACCESS TO INTERTEK’S TEAM OF QUALIFIED

AUDITORS, INSPECTORS AND EXPERTS

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REMOTE VIDEO INSPECTION AND AUDIT

PRIORITY TESTING SERVICE FOR LIFE-SAVING MEDICAL EQUIPMENT

• TQA expertise to support our non-medical clients in developing and manufacturing medical equipment

• Prioritisation, and increasing services for critical care and life sustaining products

• Suite of ATIC services for germicidal lighting products to sanitise hospitals, homes and workplaces

• Partnering with US FDA and UK MHRA to deploy programs for emergency use

• Center of excellence in Americas, Europe and Central Asia, and Asia Pacific

End-to-End Services for Medical DevicesStrong Intertek Medical Devices Services Platform

Surgical Lights

Patient Monitors

Defibrillators

Surgical beds

Anaesthesia

Ventilators

Imaging equipment

Electrosurgical units

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GLOBAL SOLUTIONS FOR PERSONAL PROTECTIVE EQUIPMENT

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• Bacterial filtration

• Fluid penetration

• Particle filtration

• Breathability

• PPE performance tests

• Blood resistance

• Pathogen resistance

• Dry microbial penetration

• Resistance to wet microbial penetration tests

• Sterility and performance test covering latex single use gloves and reusable vinyl / rubber gloves

• Transmittance tests

• Optical tests

• Mechanicals tests

Masks GlovesProtective GownsSafety Goggles and

Face Shields

Supporting PPE manufacturers to meet heightened demand from governments, medical organisations and consumers…

EXPRESS SERVICE FOR HAND SANITISERS

Intertek is providing services to test sanitisers according to WHO guidelines

Label claim testing for hand sanitizers

Complete set of tests to evaluate best-in-class Ethanol Suppliers for hand sanitizers

End-to-end efficacy testing of hand sanitizers to fight COVID-19

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SUPPORTING THE PHARMA INDUSTRY

Vaccine development support,

repurposing and reformulation of drug products to combat

COVID-19

Diagnostic support to help with testing of suspected patient and developing testing kits for efficacy

Therapeutic development support for screening and

re-deployment of existing medicines which are

considered as potential COVID-19 treatments

Contingency and risk mitigation services to

maintain medicine supply chains. Supplier, and quality systems audits to support continuous improvement

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TOTAL QUALITY ASSURANCE FOR SOME OF THE WORLD’S LARGEST AND MOST INNOVATIVE PHARMACEUTICAL COMPANIES

LEADING INNOVATIONS IN THE ENERGY SECTOR

Our 130+ years of experience in Oil & Gas industry, and our remote inspections, data analytics, and e-reporting

solutions across the world are ensuring continuity of Oil & Gas supply chains

Remote video inspections and e-reporting tools for real-time reports are enabling seamless supply chains of our customers

Solutions to mitigate risks associate with storage shortages –predictive blending, fuel stability solutions and stock

monitoring activities for offshore floating storage

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Robotic sampling in Minerals testing labs, enabling our TQA experts to adhere to social distancing recommendations while

being able to process increased sample volumes

RiskAware, innovative data analytics solution, enabling customers to focus their quality assurance and quality control

spending on higher criticality equipment

With our comprehensive cyber-security portfolio, Intertek is perfectly positioned to support our

customers to manage the cyber risks arising as their employees' transition to home working

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CYBERSECURITY ASSURANCE SUPPORTING REMOTE WORKING

Mass remote working network security penetration testing

Critical network and infrastructure testing, and network resilience testing

Increased requirement for higher bandwidth fixed and wireless infrastructure

Audit and on-site inspections of remote working practicesin-home

Security support for acceleration of 5G demand

COMPLETE CYBER SECURITY CERTIFICATION, ASSURANCE, TESTING AND INSPECTION SERVICES ASSURING NETWORKS AND PRODUCTS ARE CYBER SECURE

HELPING GOVERNMENTS IN FIGHT AGAINST COVID

• Ensuring consumer-facing establishments maintain highest hygiene and safety standards

• Helping governments in setting-up emergency medical facilities and safe PPE supply chains

• Collaborating with trade associations to ensure safe manufacturing and supply of PPEs and Medical devices

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INTERTEK PROPRIETARY RESEARCHRELEASED 1 MAY 2020

71% of employees do not want to return to

their workplace unless authenticated health

and safety practices are in place

54% of senior managers believe that ‘they will struggle

to provide an acceptable H&S

standard for employees when they do return

76% said they were ‘scared’ or

‘nervous’ about visiting a bar or restaurant once restrictions are lifted

56% do not trust cinema and theatre operators to have

sufficient H&S practices in place to

prevent the spread of Covid-19

This number rises to 57% for airlines

…and 59% for public

transport

95% would find it reassuring if there was a

universal quality standard adopted by

companies to ensure the highest H&S standards

to prevent infection

Research with UK companies was conducted online from 29 – 30 April 2020 with n=2,201 respondents

73% said they were ‘scared’ or ‘nervous’ about visiting a hotel once restrictions are

lifted

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FULL SUITE OF OPERATIONAL PROTEK SOLUTIONS – ACROSS ALL INDUSTRIES

State of the art training and certification programmes for employees

End-to-end solutions designed to help identify and mitigate intrinsic risk in our customers’ operations, supply chains and business processes

Total assurance solutions for all types of facilities, from hotels/restaurants & retail outlets where consumers will look for visible safety verification, to schools, transportation hubs & manufacturing sites

Complete audit / testing / inspection solutions to ensure spaces, materials and surfaces are safe for employees and customers in the work place and public places

Protek Product solutions deliver the assurance to clients that a product was made with quality, safety, and sustainability in mind. Solutions cover products through the entire lifecycle

PROTEK

People AssuranceOperating Systems &

Processes Facilities Materials & Surfaces Products

HELPING OUR COMMUNITIES

• Donation campaigns to support Wuhan in the fight against the coronavirus

• Bigane Qalma crowdfunding program to provide relief packages across Central Asia

• Building & Construction team in Denver urgently designed and constructed a tank farm for large oxygen tanks, vaporisers, and ancillary equipment.

• Intertek Taiwan volunteers collaborated with the Farglory Foundation to donate blood following a ‘red alert’

• Health & Safety assurance and testing programs to ensure communities remain safe

• ‘First in Queue Priority for critical medical devices to ensure seamless supply of life saving equipment

DISCIPLINED MARGIN MANAGEMENT

• Disciplined margin process

• Monthly performance management progress reviews for Top 30 Countries / 16 Business Lines

• Country and Business Line benchmarking

• Sire span of performance management

• Strict controls on pricing and cost discipline

• Pause on all recruitment

• Delay of the 2020 annual salary increase,

• Furlough in the UK, France and Italy

OPERATING MARGIN

+0bps+10bps CCR

17.2%

DISCIPLINED CASH MANAGEMENT

£185m

£235m

£318m£342m £351m

£380m

FY 14 FY 15 FY 16 FY 17 FY 18 FY 19

FREE CASH FLOW

• Disciplined cash collection • Capex review to delay those investments not time critical,

reducing planned 2020 expenditure by a third• Voluntary salary-deferral scheme for management, running

from March to October 2020:• 50% deferral for EVPs• 30% for our SVPs• 20% for Management• c.1200 individuals supported

• Benefiting from local authorities’ tax payment deferrals

NEVER BEEN MORE IMPORTANT TO STAY CONNECTED EVERY DAY

• World-class digital communication platform

• Reaching out frequently to everybody in the organisation

• Intertek Hero featured daily in a recognition video

• Strong business model, geographic and business line diversity and disciplined approach to performance management

• Global pandemic has unfolded at great speed with broad-based lockdown initiatives in every country

• We will provide an update on our full year guidance once we have more visibility on when and how the lockdown restrictions will be lifted around the world

WE HAVE DELIVERED A RESILIENT TRADING PERFORMANCE

JANUARY – APRIL REVENUE £881.6M, 4.6% BELOW YOY

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Revenue Performance

4 months – January to April

2020 £m

2019 £m

Change at actual

Change at constant

Like-for-Like at constant 1

Products 519.9 549.7 (5.4%) (6.1%) (6.6%)

Trade 200.8 216.0 (7.0%) (5.9%) (5.9%)

Resources 160.9 158.6 1.5% 2.4% 2.4%

Group 881.6 924.3 (4.6%) (4.6%) (4.9%)

Note 1: Like-for-Like revenue includes acquisitions following their 12 month anniversary of ownership and excludes the historical contribution of any business disposals and closures.

FINANCIAL GUIDANCE

• On an IFRS 16 basis, we expect:

• Net Finance Costs will be c.£37-40m

• The effective tax rate to be in the 25.5– 26.0% range

• Minority interests between £19-21m

• We are investing in growth and expect our full year Capex investments to be c.£ 90-100m

• In terms of financial net debt, we expect to close the year between £650m and £700m before any M&A and any material movements in FX

• FX: Neutral both at the revenue and at the earnings level¹

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¹ Based on the YTD performance, and the average FX rate in the last three months applied for the remainder of the year

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WE ARE CONFIDENT MOVING FORWARD

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• Intertek is strong, agile, responsive, resilient and responsible

• Intertek is well positioned to navigate an unprecedented pandemic

• Intertek will benefit from additional attractive growth opportunities post Covid 19.