Financial Results and Outlook

Appendix Free Cash Flow Free Cash Flow defined as EBITDA less Capital Expenditures In millions 2019 2020 Fiscal Year Ended Six Months Ended September 30, 2021 2022 2023 2022 2023 EBITDA $204 $169 $195 $219 $241 $79 $90 Capital Expenditures Free Cash Flow $39 $35 $66 $53 $55 $27 $33 $165 $134 $128 $166 $186 $53 $58 Note: Included in this presentation are certain non-GAAP financial measures that are not determined in accordance with US generally accepted accounting principles. The non-GAAP results described in this presentation are financial measures that are not required by, or presented in accordance with generally accepted accounting principles ("GAAP"). The non-GAAP information provides information to assist comparability and estimates of future performance. Universal believes these measures are helpful in assessing operations and estimating future results and enable period-to-period comparability of financial performance. Non-GAAP results should not be considered as an alternative to revenue or income amounts determined in accordance with GAAP and should be read in conjunction with their GAAP counterparts. Note: Numbers may not sum to totals due to rounding 772 72

View entire presentation