2022 Investor Day Presentation slide image

2022 Investor Day Presentation

2 0 2 6 E AND BEYOND Building a self-funding growth trajectory Illustrative example of annualized figures* + Ability to sustainably support a self-funded model and a 3-5% dividend growth rate ~70% comparable 3-5% EBITDA (1) annual conversion growth Maintaining 4.75x ~$2 Billion $5-6 Billion 2026E+ comparable EBITDA¹) Financial charges, cash taxes FGFO1) Dividends Discretionary Incremental Recoverable cash flow debt capacity maintenance capital Growth capital and other Highlighting the strength of our portfolio and financial position (1) Comparable EBITDA and funds generated from operations (FGFO) are non-GAAP measures. See the forward-looking information and non-GAAP measures slide at the front of this presentation for more information. *Note: Illustrative scenario does not include impact of potential future asset sales. + Investing in high-quality growth projects that support a comparable EBITDA (1) growth rate consistent with our historical level + New projects compete with share buybacks ✦ Balance sheet strength and flexibility supports maintenance of 4.75x debt-to-EBITDA ratio 34
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