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Investor Presentaiton

Modernized renewal pricing provides better economics and visibility Initiative 4 Renewal Term Rate Increase at Renewal Embedded Escalator in Multi-Year Contracts PRIOR APPROACH Mix of annual and multi-year renewal contracts Mid-single digit rate increase upon renewal No embedded annual price increase on multi-year contracts NEW APPROACH Primarily 3-year contract renewal terms. Mid- to high-teens rate increase upon renewal Mid- to high-single digit rate increase embedded in both years 2 & 3 Mid-to High-Teens Illustration of Rate Increase on a 3-Year Contract Renewal Mid-Single Digits Mid-to High-Single Digits Mid- to High-Single Digits NA NA Year 1 Year 2 Year 3 Year 1 Year 2 Year 3 19 b

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