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Investor Presentaiton

EXCELLENCE INNOVATION PEOPLE GROWTH STN TSX NYSE 2020 targets and guidance Targets: Adjusted EBITDA(1) (% of net revenue) Return on Invested Capital 11.5% 12.5% 13.5% 14.5% 15.5% 16.5% 17.5% 18.5% 19.5% 20.5% (% of net revenue) Adjusted Net Income (1) 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 7.0% 8.0% 9.0% 10.0% 11.0% 4.0% 5.0% 6.0% 7.0% 8.0% 9.0% 10.0% 11.0% 12.0% 13.0% 14.0% Guidance: Gross Margin 49.0% 50.0% 51.0% 52.0% 53.0% 54.0% 55.0% 56.0% 57.0% 58.0% 59.0% (% of net revenue) Admin & Marketing Expenses 33.0% 34.0% 35.0% 36.0% 37.0% 38.0% 39.0% 40.0% 41.0% 42.0% 43.0% (% of net revenue) Net Debt to Adjusted EBITDA 0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 9.0 10.0 (1) Adjusted EBITDA, adjusted net income, and ROIC are non-IFRS measures (discussed in the Definition section of our 2019 Annual Report). 36
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