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Investor Presentaiton

in millions $ Converting Adj. EBITDA (¹) into FCF (1) Effectively Over the past 5 years the conversion rate has averaged ~82% [5 UNI-SELECT® $140 100% 100% 90% $120 81% 81% 82% 75% 80% 72% 81% $100 70% 63% 60% 67% 60% $80 50% $60 40% $40 30% 20% $20 10% $0 0% 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Adjusted EBITDA FCF FCF Conversion Rate FINISHMASTER® (1) This information represents a non-IFRS financial measure. Refer to the "Non-IFRS financial measures" section of the 2020 MD&A for further details. Note: Results prior to 2019 were not restated as permitted by IFRS 16 Automotive & Industrial Paint [3 Bumper to Bumper Auto Parts Plus® Parts Alliance SANADA'S PARTS PEOPLE Local National Strength 33
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