Contents

An unlikely pairing: why GoCompare?

Benefits and potential synergies

Future’s financial performance and acquisition strategy

Future’s acquisition strategy: optimise through enhancing capabilities

GoCo plc

List of charts/tables

Figure 1: Future plc revenue mix

Figure 2: Consumer operating categories (ranked by importance)

Figure 3: Traffic demographics

Figure 4: Future’s monetisation model (proportion of FY 2020 revenue)

Figure 5: Future’s acquisitions since 2016 (consideration, EBITDA multiple)

Figure 6: Media revenue per online user

Figure 7: GoCo plc business model