FY2023 Separation Roadmap

Debt & interest overview Debt Breakdown Tranche Fixed vs Floating Debt Trend As of December 29, 2023 12/29 Debt Q4'23 Rate Q1'24 Rate Revolver ($2.25B) $OM 6.7% 6.7% USD Term Loans $188M 6.7% 6.7% $31.1 $37.1 $33.0 $36.0 $36.1 $35.1 $25.1 GBP Term Loans $823M 6.5% 6.5% Total Floating $1,011M 6.5% 6.5% Sustainability-Linked Bond $500M 5.0% 5.0% Public Bond - 5Y $600M 6.4% 6.4% $0.9 $1.4 $1.4 $1.4 Swapped $780M 2.1% 2.1% $1.4 Total Fixed $1,880M 4.3% 4.2% $1.9 $1.9 Total Debt $2,891M 5.0% 5.1% $2.6 $2.2 $2.0 $2.1 $1.8 Hedge Notional (USD) Fair Value Fixed Rate¹ $1.0 $1.0 Maturity 10 YR USD Floating $200M $28M 5 YR USD Floating $325M $15M 1.116% + Spread 0.704% +Spread Apr '30 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Feb '25 Fixed Debt ($B's) 10 YR GBP Floating $255M $33M 0.82% Spread Apr '30 Total $780M $76M Floating Debt ($B's) Net Interest Expense ($M's) 26 1Fixed Rates and spread includes new amendments Jacobs 2024

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