THOR Investor Day 2022

34 Maximizing Shareholder Value through Disciplined Capital Allocation A balanced approach to capital allocation $ LIQUIDITY SUPPORT OPERATIONS • We will continue to actively and prudently manage our balance sheet and our liquidity to ensure maximum flexibility and minimize risks, creating a strong buffer and increased business resiliency • We will continue to invest in our core businesses as a first priority • Modest maintenance capex . Smart capacity expansion • Automation, quality and other opex initiatives DEBT PAYMENTS SHAREHOLDER DISTRIBUTIONS • Dividends Share Repurchases ACQUISITIONS AND GROWTH OPPORTUNITIES • . Innovation We will continue to meaningfully reduce our indebtedness Long-term net leverage ratio of < 1x across the business cycle • We intend to grow our dividends annually • . We also intend to strategically repurchase our shares – particularly when they are undervalued by the market Special dividends will be evaluated and determined as conditions warrant Our acquisition and growth strategy will focus on growing our core businesses or closely related businesses through direct acquisitions or strategic investments • Currently, no planned major acquisitions over the next three years THOR Go Everywhere. Stay Anywhere™ THOR Investor Day 2022

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