ESG Initiatives and Development Overview slide image

ESG Initiatives and Development Overview

6.0 FFO PAYOUT RATIO: CREATING MEANINGFUL FLEXIBILITY TO ADVANCE OUR STRATEGIC OBJECTIVES Enhancing Financial Strength and Flexibility through Temporary Distribution Cut $350 85% 82% $302 $300 $287 78% $284 $250 $236 $237 $261 74% $225 71% 70% $200 $150 $100 $63 $50 38% 38% $0 2015 2016 2017 2018 2019 2020 2021 Q1 2022 FFO excl OGLE/unit $1.05 $1.10 $1.16 $1.21 $1.24 $1.02 $1.07 $0.28 Cash Distributions per unit $0.86 $0.86 $0.86 $0.86 $0.86 $0.86 $0.43 (2) $0.11 ACFO less Distributions $25m (1) $32m $34m $55m $49m $15m $141m $20m (1) Annual retained operating cash (2) Reduced annualized distribution per unit to $0.43 from $0.86 effective January 2021 distribution paid to unitholders in February 2021 First Capital 53
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