PitchSend

West Coast Market Relevance and Revenue Initiatives

Our commitment to growing the dividend and returning capital to shareholders displays our confidence in the business Annual Dividend Spend $28 ~$158 $148 $136 $102 $68 2015 2016 2017 2018F 2013 In millions, except per share values 2014 Dividend initiated in August 2013; spend subject to Board approval Increased dividend each year since inception 220% ► 32.0¢ 10.0¢ 2013 2018 We also plan to repurchase $50M in stock in 2018 38

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