Q4 and Full Year 2023 Investor Presentation slide image

Q4 and Full Year 2023 Investor Presentation

2024 Capital Allocation Priorities Strong cash flows and significant liquidity to support a balanced approach to capital allocation, investing in excess of two thirds of Net Income to support profitable long-term growth and enhancing shareholder value. Balanced Approach to Capital Allocation Shareholder Returns Healthy dividend an important part of total shareholder return strategy. 2023: 10% increase to monthly dividend effective March 2023. 2024: 30% increase to monthly dividend effective March 2024. Dividends Paid on Shares $0.0467 per month, per share $30 $25 $20 $15 $28 $10 $21 $21 $23 $5 $- 2021 2022 2023 2024E M&A Positioned to execute on the right M&A opportunities. Track record as a strong integrator and for retention of skilled teams. Focus on margin accretive opportunities, that add capabilities and generate cash flows. Four strategic acquisitions in the past four years. stuartolson DAGMAR CONST INC. TRINITY AJAX - ONT Capital Expenditures Reinvest in the business to create value and support operations and growth. Investments guided by efficient asset utilization. Smart capital investments to support further productivity and growth. Capex(1) $40 NorCan $30 INFINITY LP $20 $28 $31 $10 $12 $- 2020 2021 2023 2024 2021 2022 2023 in millions of Canadian Dollars in millions of Canadian Dollars (1) Capital expenditures ("Capex") - Refer to the consolidated statement of cash flows - "Additions to property and equipment and intangible assets". bird 16
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