Q1 2022 & FY 2021 Results

EBITDA MARGIN 17.3% DEBT AND CAPITAL EFFICIENCY INDICATORS STEADILY IMPROVING 32.5% +15.2 ppt 2013 2014 2015 2016 2017* 2018** 2019 2020 2021 NET LEVERAGE RATIO (Net Debt / EBITDA) 3.45x 2.57x 2.28x 1.84x 1.86x 1.55x 1.11x ROIC (NOPAT / Avg. Invested Capital) 3.1% 12.4% 10.5% 9.6% 9.0% 8.1% 7.0% 5.8% 13.1% 2013 2014 2015 2016 2017 2018 2019 2020 2021 WORKING CAPITAL (Based on sales) 76 60 58 58 54 50 46 47 39 0.24x -0.44x 2013 2014 2015 2016 2017 2018 2019 2020 2013 2014 2015 2016 2017 2018 2019 2020 2021 2021 * Proforma after asset swap Year-end days in WC ↑ GCC 29

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