Inspiring Tomorrow - Corporate Presentation

CASH FLOW GENERATION Strong track record of increasing cash generation Adj. EBITDA to Operating Free Cashflow to Levered Free Cashflow (1) (in $m) Adj. EBITDA (2) 2019A 2020A 2021A 2021PF(3) 1,906 1,777 2,633 2,723 (-) Capital Expenditure Operating Free Cashflow (537) (383) (252) (254) 1,370 1,370 2,381 2,469 (-) Net Cash Interest Paid 3 (0) (5) n.a. (-) Income Taxes Paid (173) (199) (678) n.a. (-) Change in Net Working Capital 488 (291) 20 n.a. Levered Free Cashflow Dividends Paid (5) (3,4) 1,650 880 1,719 n.a. (1,800) (1,340) (5,380) (5,480) Cash Conversion (1,6) 90.4% 90.7% 78.4% 71.8% 2019A 2020A 2021A 2021PF(3) Commentary بروج Borouge דיי Strong free cash flow generation despite increasing taxes driven by: Declining growth capital expenditure due to completion of major projects (PP5, PE3 revamp) Higher profitability levels due to increased price premia achieved Sources: Company Information 4) Does not include payments related to debt principal draw/repayment 1) ADP only, except 2021 PF 5) Includes dividends paid as proceeds from financing 2) Adjusted for pension costs 6) Defined as (Adj. EBITDA - Capex)/Adj. EBITDA 3) 78 Unaudited pro forma financial information reflecting the combination of ADP and PTE as if it had occurred on 1-Jan-2021 Corporate Presentation | April 2022 INSPIRING TOMORROW

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