2022 Investor Day Presentation

CAPITAL ROTATION IS A CORE COMPETENCY Expected goal through 2023: Raise $5 billion+ from the sale of discrete non-core assets and/or minority interests *Debt-to-EBITDA Objectives • Accelerate deleveraging* target of 4.75x from 2026 • Fund high-value · incremental growth projects Achieve longer-term portfolio migration Considerations for capital rotation Valuation • Pro forma impact on per share and credit metrics Pro forma growth trajectory to 2026 and beyond Simple corporate structure Sustainability goals • Proven track record Successfully executed over $11 billion divestiture program between 2017 and 2020 Reduced leverage* from >6x in 2016 to <5x in 2019 Delivered an 8% EBITDA CAGR between 2017-2020 20

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