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6 Exceptional Operating Performance - OROA Equipment Operations 21.3% OROA* in 2019 40% 30% 20% 2015 2016 2009 10% 12% 0% -10% 80% 2014 2010 2007 2018 2019 2017 2006 20% 2001 2003 2002 100% % of Mid-Cycle Volume * Operating Return on Operating Assets ** Shareholder Value Added; for reconciliation to GAAP see "SVA* Reconciliation to GAAP" slide in Appendix 2013 2011 2012 2008 28% 2004 2005 12% OROA (SVA** Neutral) 120%

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