Investor Presentation

Definitions Sales Pro forma sales EBITDA Adjusted EBITDA Adjusted EBITDA margin Pro forma adjusted EBITDA Net Working Capital (NWC) Change in NWC Capital expenditures (Capex) Maintenance capex Growth capex Operating Free Cash Flow before growth capex Operating Free Cash Flow Operating Free Cash Flow margin Discontinued operations Acquired sales Organic growth Adjusted organic growth Total Senior Debt Total Net Senior Debt Items affecting comparability (IAC) LTM Sales net of VAT and discounts Sales net of VAT and discounts pro forma adjusted for acquisitions Earnings before interest, tax, depreciation and amortisation Earnings before interest, tax, depreciation and amortisation before IAC Adjusted EBITDA as percentage of sales Earnings before interest, tax, depreciation and amortisation before IAC pro forma adjusted for acquisitions Net of working capital items Change in net of working capital items between periods in time Resources used to maintain and acquire intangible assets and property, plant and equipment that are capitalised Resources used to maintain assets that are capitalised Resources used to acquire assets that are capitalized Adjusted EBITDA plus/minus Change in NWC minus Maintenance capex Adjusted EBITDA plus/minus Change in NWC minus Capex Operating Free Cash Flow as percentage of Adjusted EBITDA Discontinued PDR operations in the US Sales contributed by acquired companies based on annual sales of the acquired company at acquisition Business expansion generated within the existing company excluding the impact of foreign exchange Business expansion generated within the existing company excluding the impact of foreign exchange and adjusted to comparable business Interest-bearing debt (excluding pension and leasing debts) Net interest-bearing debt (excluding pension and leasing debts) minus cash and cash equivalents Items attributable to capital gains/losses, impairment, restructuring, redundancy costs and other material nonrecurring items Last twelve months Source: Company information SUPPORTING MATERIALS | POLYGON 58

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