Investment Highlights and Value Creation Update

Free Cash Flow UNAUDITED RECONCILIATION OF NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES TO FREE CASH FLOW EMERALD Net Cash Provided by (Used in) Operating Activities Less: $ Capital expenditures Free Cash Flow Three Months Ended March 31, Year Ended December 31, 2022 2021 2021 2020 (dollars in millions) (unaudited) 33.0 $ 1.6 $ 90.0 $ 3.2 29.8 1.0 6.6 0.6 $ 83.4 $ (37.1) 4.0 (41.1) 19

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