Wood. Capital Allocation and Financial Strategy

Significant transformation over the last few years • New leadership team in place • Fixed the balance sheet - sold Built Environment Consulting business in September 2022 • De-risked contract portfolio - lump sum turnkey now only 1% of order book . • Addressed legacy issues - cash outflows mostly end in 2024 Dedicated focus on culture - re-engaged our teams. • Defined priority markets and geographies to focus on for growth 13

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