TABLE OF CONTENTS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F ☐ ☒ ☐ ☐ (Mark One) REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended 30 June 2020 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHA ...

Financial Data and Key Metrics Changes - Total revenues for the period were £509 million, down £118.1 million compared to the previous year due to the impact of COVID-19, particularly on broadcasting and matchday revenues [25] - Adjusted EBITDA was £132.1 million, down £53.7 million from the prior year [25] - The estimated impact of COVID-19 on total FY '20 revenues was £70 million, with £40 million lost from matchday closures and £30 million from broadcasting revenues [26] Business Line Data and Key Metrics Changes - Total commercial revenues were £279 million, with sponsorship revenues of £182.7 million, reflecting a 5.6% increase from the prior year [27] - Merchandising and licensing revenues decreased by £5.8 million to £96.3 million due to the closure of the Megastore [27] - Broadcasting revenues decreased by £101 million to £140.2 million, impacted by lower Europa League revenues and rebates to broadcasters totaling £14 million [27][28] Market Data and Key Metrics Changes - The gross transfer spend across the big five European leagues was down about 40%, with a significant increase in free transfers and loans [9][10] - The club's net investment over the last three transfer windows compares favorably with peers, despite the overall market contraction [10] Company Strategy and Development Direction - The club aims to build a successful team with a blend of homegrown talent and high-quality recruits, emphasizing fast, attacking football [6] - Continued investment in the Academy, with a focus on integrating young talent into the first team [7] - The club is committed to supporting the English football pyramid and engaging in discussions to improve financial sustainability [11][12] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the ongoing challenges posed by the COVID-19 pandemic but remains optimistic about medium to long-term demand for live football [14] - The club is preparing for the return of fans to stadiums and has implemented hygiene and social distancing protocols [22] - The management emphasizes the importance of digital engagement and e-commerce initiatives during the pandemic [19][20] Other Important Information - The club has made significant contributions to community support during the pandemic, raising over £1 million for local initiatives [17] - The club's commitment to diversity and inclusion is highlighted through ongoing initiatives [18] - The club has established a strategic partnership with Alibaba to enhance engagement with fans in China [22][23] Q&A Session Summary Question: Changes in Commercial and Sponsorship Segment - The club has worked with partners to build commercial strategies leveraging digital engagement techniques, providing effective returns on partnership investments [34][35] Question: Anticipation of Fans Returning - The return of fans is subject to government regulations, with initial expectations for partial stadium fills being revised due to rising infection rates [40][41] Question: Premier League Contract in China - The club plans to secure a longer-term contract with Tencent following the termination of the previous deal, aiming for higher pricing and engagement [48][49]

Financial Data and Key Metrics Changes - Total revenues for Q3 2020 were £123.7 million, down £28.4 million compared to the prior year, primarily due to COVID-19 disruptions affecting broadcast and matchday revenues [21] - Adjusted EBITDA for the quarter was £27.9 million, a decrease of £13.3 million year-over-year [21] - Net finance costs increased to £25.3 million from £3.1 million in the prior year, attributed to foreign exchange movements on U.S. dollar debt [22] Business Line Data and Key Metrics Changes - Commercial revenues experienced growth driven by sponsorship, despite declines in broadcast and matchday revenues [21] - The club estimated a £15 million reduction in broadcasting revenues for the 29 games played to date due to COVID-19 [23] Market Data and Key Metrics Changes - The pandemic led to an estimated £23 million negative impact on revenues for Q3, including missed match revenues and the closure of retail operations [23] - The club anticipates a £20 million reduction in broadcasting revenues for the full season of 38 games [23] Company Strategy and Development Direction - The company emphasized resilience and adaptability, drawing on its history of overcoming past crises [15] - There is a focus on innovation and creativity in operations, particularly in digital content and fan engagement during the pandemic [19] Management's Comments on Operating Environment and Future Outlook - Management acknowledged significant operational impacts due to COVID-19, including match postponements and facility closures [11] - The club remains optimistic about long-term prospects and aims to return to play while maintaining strong fan engagement [14][20] Other Important Information - The club has a cash balance of £90.3 million and access to a £150 million revolving credit facility to support working capital during the crisis [24] - The previous full-year revenue and adjusted EBITDA guidance has been withdrawn due to uncertainty surrounding the pandemic's impact [25] Q&A Session Summary Question: Impact on revenues for the third quarter - The estimated impact on revenues was £23 million, with £15 million attributed to broadcasting rebates and additional losses from missed matches and closures [29][30] Question: Managing commercial partnerships during COVID-19 - The club has received strong support from partners and has maintained high levels of digital engagement, which continues to drive exposure for sponsors [32][33] Question: Operational procedures for player safety during training - The club is following detailed protocols approved by the Premier League, including pre-testing, regular testing, and social distancing measures [37][38] Question: Frequency of testing for players - The club is confident in the availability of test kits and does not foresee testing frequency as a barrier to returning to play [41]

Manchester United plc (NYSE:MANU) Q2 2020 Earnings Conference Call February 25, 2020 8:00 AM ET Company Participants Corinna Freedman – Head-Investor Relations Ed Woodward – Executive Vice Chairman Richard Arnold – Group Managing Director Cliff Baty – Chief Financial Officer Conference Call Participants Randy Konik – Jefferies Laurie Davison – Deutsche Bank Bryan Goldberg – Bank of America Merrill Lynch Operator Good day, ladies and gentlemen, and thank you for standing by. Welcome to the Manchester United ...

Manchester United Plc (NYSE:MANU) Q1 2020 Earnings Conference Call November 18, 2019 8:00 AM ET Company Participants Corinna Freedman - Head, Investor Relations Ed Woodward - Executive Vice Chairman Richard Arnold - Group Managing Director Cliff Baty - Chief Financial Officer Conference Call Participants Randy Konik - Jefferies Operator Good day ladies and gentlemen and thank you for standing by. Welcome to the Manchester United Earnings Conference Call. At this time, all participants are in listen-only mod ...

Use these links to rapidly review the document TABLE OF CONTENTS Index to Consolidated financial statements Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) o REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ý ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended 30 June 2019 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECUR ...

Manchester United Plc (NYSE:MANU) Q4 2019 Earnings Conference Call September 24, 2019 8:00 AM ET Corporate Participants Corinna Freedman - Head of Investor Relations Edward Woodward - Executive Vice Chairman Richard Arnold - Group Managing Director Cliff Baty - Chief Financial Officer Conference Call Participants John Tinker - Gabelli Corey Tarlowe - Jefferies Operator Good day ladies and gentlemen, and thank you for standing by. Welcome to the Manchester United Earnings Conference Call. At this time, all p ...

Manchester United Ltd. (NYSE:MANU) Q3 2019 Earnings Conference Call May 16, 2019 8:00 AM ET Company Participants Edward Woodward - Executive Vice Chairman Richard Arnold - Group MD Cliff Baty - CFO Conference Call Participants Corey Tarlowe - Jefferies Clay Griffin - Deutsche Bank Operator Good day, ladies and gentlemen and thank you for standing by. Welcome to the Manchester United Earnings Conference Call. At this time, all participants are in a listen-only mode. Following the presentation, we will condu ...

Manchester United Ltd. (NYSE:MANU) Q2 2019 Earnings Conference Call February 14, 2019 8:00 AM ET Company Participants Edward Woodward - Executive Vice Chairman Richard Arnold - Group Managing Director Cliff Baty - Chief Financial Officer Conference Call Participants Randal Konik - Jefferies & Company Clayton Griffin - Deutsche Bank Operator Good day, ladies and gentlemen. Thank you for standing by. Welcome to the Manchester United Earnings Conference Call. At this time, all participants are in listen-only m ...