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Investor Presentaiton

18 EXCELLENCE INNOVATION STN TSX NYSE Balance sheet strength PEOPLE GROWTH Net debt to Adjusted EBITDA presented excluding the adoption of IFRS 16 Net Debt to Adjusted EBITDA (TTM) Post IFRS 16 1 0 2014 2015 2016 2017 2018 2019 0.5 2 1.5 3 2.5 3.5 1.0 - 2.0x Net debt: adjusted EBITDA With IFRS 16 1.1X at Dec. 31, 2019 When compelling, strategic opportunities arise, we are willing to flex above target range but with a line of sight to being back within the range in 12 months. Continued focus on days sales outstanding and return on net working capital
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