Investor Presentaiton
Balanced Approach To Capital Allocation
Payment of a regular quarterly dividend ($0.0125 per share)
WFP
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Increased quarterly dividend 25% in May 2022
Disciplined annual capital expenditures
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Approximately $30 to $40 million per year in annual maintenance of business
and road capex
Maintain financial flexibility for strategic capex and growth opportunities
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Internal and external opportunities
Projects and jurisdictions that create the opportunity to grow long-term
shareholder value
Need to achieve desired internal return hurdles
Complement the dividend with share repurchases
Renewed 10% NCIB in August 2022
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Repurchased 12.1 million shares for $20.3 million in 2022
Since 2013 We Have Returned $514 Million
To Shareholders Via Dividends And Share Repurchases
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