Financial Framework and Capital Discipline

Our Financial Framework Guiding Our Efforts to Generate Superior Risk-Adjusted Returns Preserve Financial Strength and Flexibility Invest for Margin Growth and Cash Flow Stability Cash Returns to Shareholders See slide 22 for notes regarding this slide Target 2022A Credit ratings BBB BBB/BBB- Net debt/Adjusted EBITDA 1,2 2.5x - 3.0x 2.5x Corporate ROIC1 >12% 16% Fee-for-Service contribution of Realized Margin¹ >75% Dividend Payout Ratio¹ 66% 50% - 70% 65% Activate share buybacks as appropriate 7

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