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36 36 Leveraging Capital Structure Capital Structure (in millions of $) 292 305 13 200 100 115 2018 2019 2020 Equity Debt 00 8 Bought Deals (Equity) (in millions of $) 80 69 $60.50/share $44.00/share Pursue strategic growth initiatives and for general corporate & working capital purposes 2021 2022 2018 2019 2020 2021 2022 No dilution following bought deals Operating FCF/share¹ (in $) $4.16 $3.27 $3.08 $2.19 $1.66 2018 2019 2020 2021 1) This is a non-GAAP measure. Please refer to the MD&A. 2022 40 YEARS OF CALIAN

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