Investor Presentaiton

3. RETURN CASH TO OWNERS Sustained Free Cash Flow Enables Consistent Shareholder Returns Free Cash Flow ~$4B ~$4B $2.4B الس $3.2B 2017 2018 2019E 2020E Note: Adjusted for special items; non-GAAP financial measures reconciled in Appendix Free Cash Flow Allocation Targets Dividends 20%-25% ~$4B of annual FCF Balance Sheet 30% Target 70% of FCF to owners Share Buybacks 45% - 50% ADELTA 77

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