PLEASE TURN MOBILE PHONES OFF PLEASE DO NOT UPDATE SOCIAL MEDIA PLEASE ONLY ASK QUESTIONS AT THE APPROPRIATE TIME

WELCOME & INTRODUCTIONS MINUTES FROM AGM 2015 CHAIRMAN’S REPORT FINANCIAL REPORT APPOINTMENT AND REMUNERATION OF AUDITORS UPDATE ON SHARE SCHEME 10 MINUTE BREAK ELECTION OF DIRECTORS 10 MINUTE BREAK Q&A WITH ANDREW HOWARD & GARETH AINSWORTH ANNOUNCEMENT AND APPROVAL OF DIRECTOR ELECTIONS

Agenda 1 Group Finance Committee  The work of the GFC (Group Finance Committee)  Questions 2 Accounts and Financial Report  Group (consolidated) management accounts  WWT (WWSGL) audited accounts  FALL audited accounts  Football Club audited accounts  Questions  Resolution: Adopt the WWSGL Audited Accounts for year ended 30 th June 2015  Resolution: Reappoint Haines Watts 7

Running three companies as a business group Forecasts 9 Managing Cash Reports Information Collaboration Fairer Repayments Managed Debts Processes Good creditor relationships Overdraft More income Audits Sustainable Documents Survival Governance

Where we have got to  Stability and Control  Clarity and consistency  Survival and tight management  Processes and skills  Creating Trust  Agreeing debt terms  New agreements signed  Keeping to what we say  Making savings  Maximising income 10 Aiming to be the role model fan owned club Group Finances FALLWWFC WWSGL (The Trust)

Creditors, Loans and Commitments (30/6/15) 11  Key blocks of debt/ leases in active re-negotiation (not including Trade Creditors) Steve Hayes £1,440k Long Term Loans (5) £547k Training Ground Lease Chairboys Funders£450k Lawyers£47k Ex-Brewery Loan£183k Lawyers£12k Total £2.92m  WWT  FALL  WWFC  FALL Adams Park Lease Short Term Loan (2) £288k

Progress on re-negotiations 12 Steve Hayes £1,440k Long Term Loans £547k Training Ground Lease – deal agreed and signed, payments started Chairboys Funders£450k Lawyers£47k Ex-Brewery Loan£183k Lawyers£12k  WWT  FALL  WWFC  Now WWFC Adams Park Lease – repayments in cashflow and inter-company accounts Short Term Loans £288k Repayments agreed and all paid to plan Restructure agreed, agreements signed Debt discussed – proposals being agreed Repayments restarted Debt repayment in discussion Restructure agreed, agreements signed £280k 8% (16) £170k 4% (15)

Reducing the costs of borrowing 13  Re-negotiated terms for both Capital Repayments and Interest  Using 30 June 2015 as the base of what our external borrowing costs were/ are FALL Trust WWFC TOTAL 30/6/2015 £2,073k £835k £14k £2,922k £611k BEFORE £475k AFTER Potential Annual Costs (Capital and Interest) £190k

Consolidated Group Accounts: Profit & Loss  Group management consolidation to 30/6/15  Not Audited at a consolidated level  Statutory consolidation not required (ref: FCA)  First period of WWSGL as a Community Benefit Society 15

Consolidated Group Accounts: Profit & Loss  Group management consolidation to 30/6/15  Not Audited at a consolidated level  Statutory consolidation not required (ref: FCA)  First period of WWSGL as a Community Benefit Society 16

Consolidated Group Accounts: Balance Sheet  Group management consolidation to 30/6/15  Steve Hayes loan terms unchanged  New terms agreed and signed for four other lenders  Reductions in Group costs of borrowing  Chairboys Funders rate changes in progress 17

Consolidated Group Accounts: Balance Sheet  Group management consolidation to 30/6/15  Steve Hayes loan terms unchanged  New terms agreed and signed for four other lenders  Reductions in Group costs of borrowing  Chairboys Funders rate changes in progress 18

Wycombe Wanderers Supporters Group Ltd WWSGL Audited Accounts (P&L)  11 months, first period as a Community Benefit Society  Audited against The Societies Act, not Company Law /152013/142012/13 Fees and Other Income £3,401 Subscriptions£9,753 Sponsored Events £4,053 Income Total£17,207£20,599£43,231 Costs£9,910£15,326£111,195 Profit£7,297£5,273- £67,964

Frank Adams Legacy Ltd FALL Audited Accounts (P&L) 20  A property company, receiving rents, still carrying a large legal bill (being cleared) 2014/152013/14 Rent Received£105,000£0 Government Grant Released £51,188£51,888 Income Total£156,188£51,188 Admin, Costs & Depreciation £63,827£64,983 Tax paid£9,124 (for 2013)£6,214 Interest paid£42,852£35,257 Profit (after tax)£40,315- £55,266

WWFC Audited Accounts (P&L) /152013/14 Match Day£1,199,583£870,918 Commercial£2,215,500£2,402,162 Broadcasting£102,666£50,988 TURNOVER£3,517,749£3,324,068 Player Trading£543,000£642,150 Fees and Other Income£83,363£104,000 TOTAL INCOME£4,144,112£4,070,218 Cost of Sales£382,018£337,870 Wages, Salaries and NI£2,431,148£2,563,096 Admin Exp.£1,088,742£1,315,311 Other Expenses£10,283£14,004 Depreciation£90,413£86,861 TRADING SURPLUS£141,508- £245,924 Rent to FALL£105,000 £02012/13 Profit£36,508- £245,924- £1,029,897 Forecasted a substantial loss Ensured survival and dealt with loss of Wasps slowing the road to recovery Creating sustainability Paying rent to FALL Repaid group debt Cleared up many financial issues dating back to 2012 Used Share Scheme monies carefully… as a Group of companies

WWSGL Audited Accounts (B/Sheet) /15 FIXED ASSETS£278,724 Short Term Current Assets£742,961 Short Term Current Liabilities Creditors & Acc. HMRC A Howard £1,180,341 NET SHORT TERM ASSETS- £437,650 Long Term Loans B Kane I Beeks A Howard £537,000 Deferred Income£394,274 Inter Company Debtors- £514,082 TOTAL ASSETS- £1,604, /15 Share Capital£1,360,900 Share Premium Account£2,900,000 Cost of Control£0 Reserves at beginning of year - £5,901,690 P&L£36,508 TOTAL SHAREHOLDERS FUNDS - £1,604, /14 TOTAL SHAREHOLDERS FUNDS - £1,639, /13 TOTAL SHAREHOLDERS FUNDS - £1,394,865