Investor Presentaiton
FLEXIBLE AND STRATEGIC CAPITAL ALLOCATION
Opportunistic and Disciplined Approach
2018-2022 Sources & Uses of Cash
Capital Deployment Preference
(Amounts in millions)
$6,674
$6,384
.
Working Capital
.
Capital Expenditures
}
3%
$201
Investments
Organic Growth
$127
Dividends
2%
14%
$905
•
•
•
Acquisitions
Investments
Return of Capital } Excess Capital
Capital Deployment Posture
Inorganic Growth
Stock
Repurchases
Borrowings
$2,960
44%
54%
$3,422
Acquisitions, Net
•
Generally in sync with preference,
however ...
.
Financial strength provides the
Cash Flow from
$3,714
56%
Operations
•
QUANTA
ability to be opportunistic
Flexible and strategic capital
allocation is a competitive
advantage
Sources
27%
$1,729
CAPEX & Other,
Net
Uses
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