Investor Presentation December 2020

3. CAPITAL ALLOCATION PRIORITIES FOR FREE CASH FLOW DEPLOYMENT • • . 1 Accretive Acquisitions Disciplined approach Target IRR > 20% Maintaining active pipeline of acquisition targets 2 De-Lever Balance Sheet Current net debt to EBITDA -2.8x Targeting <2.5x in near-term 3 Share Repurchase $170M remaining on $175M authorization renewed on November 6, 2019 • No expiration 23 23

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