Be a Climate Innovator
Rapid Eight Full Quarter Deleveraging Program
Total Debt
(as of 3/31/23)
Planned Debt Reduction of $175M Per Quarter (1)
Consolidated Net Leverage Ratio
10 consecutive years of
increased dividends paid (3)
$9.3B
Total Debt
5.9 yrs
Weighted
Avg.
Maturity
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6.3%
Weighted
Avg. Interest
Rate
46%
Total Debt
Fixed
3.3x
As of Mar. 31, 2023
<3.0x
$1.5B returned to
Shareholders from F'13 to F'23 YTD
Within 8
Full Quarters
$238
$211
$189
$169
$146
$121
$88 $99
$75
$18
F'13 F'14
F'15 F'16 F'17 F'18 F'19 F'20 F'21
F'22
Dividends Paid (USD$M)
(4)
Continuation of Dividend Program
1.
Excluding mandatory debt repayments.
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2.
Consolidated Net Leverage Ratio (pro forma) is calculated using bank covenant methodology.
3.
Cumulative Dividends Paid from F'13 to Q3 F'23.
4.
Declaration of dividend subject to board discretion.
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