Investor Presentaiton

28 Capital Structure Management targets debt-to-capital ratio of 18-20% (excluding secured financings payable) ■ Supports target financial strength ratings $700 million revolving credit facility 100% undrawn Credit facility term ends in April 2024 ■ Significant financial flexibility to seize strategic opportunities As of June 30, 2021 ($ in Millions) 2.4% Senior Notes Due 2031 4.3% Senior Notes Due 2023 Actual Adjusted $648 $249 $249 ☐ 4.6% Senior Notes Due 2024 $299 $299 4.0% Senior Notes Due 2030 $444 $444 Trust Deed Notes $10 $10 Other Notes $5 $5 Revolving Credit Facility $0 $0 Notes and Contracts Payable $1,008 $1,655 Secured Financings Payable (SFP) $611 $611 Total Debt $1,619 $2,266 Total Equity $5,275 $5,275 Debt-to-Total Capital Ratio 23.5% 30.1% Debt-to-Total Capital Ratio 16.0% 23.9% (excluding SFP) 22 SQUARE PEDESTAL 24% SQUARE PEDESTAL 35 SOLARE PEDESTAL AMERICA First American

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