Q3 2023 Earnings Presentation

Free Cash Flow Priorities in 2024 TARGET PAYOUT IN 2024 (% OF FREE CASH FLOW) CASH-RETURN OBJECTIVES ■ Targeting ~70% cash-return payout to shareholders Expect GROWTH in fixed dividend payout ■ Optimize allocation between BUYBACKS & VARIABLE ■ RETIRE maturing debt & IMPROVE financial strength BALANCE SHEET | Q3 2023 Earnings Presentation 30% 70% CASH RETURNS 12

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