Financial Framework and ESG Leadership

Our Financial Framework Guiding Our Efforts to Generate Superior Risk-Adjusted Returns Target 2023A BBB BBB/BBB Credit Ratings Preserve Financial Strength and Flexibility Invest for Margin Growth and Cash Flow Stability Net Debt/Adjusted EBITDA 1,2 2.5x - 3.0x 2.2x Corporate ROIC >12% 16% Dividend Payout Ratio¹ 50% - 70% 53% Increasing Cash Returns to Shareholders Share Buyback Use opportunistically See slide 21 for notes regarding this slide 7

View entire presentation