Investor Presentation

(in millions of $) Improving Adjusted EBITDA and Margin Focusing on operational leverage and extracting cost efficiencies 15.9% 13.7% 13.2% 26.8 25.2 3.7% 39.0 32.5 20.9% 63.6 21.4% 56.8 17.2% 31.6 28.4 10.4% 10.6% 15.8 7.0% 7.1 7.5 3.7% 2018 -2.5% 2019 2020 2021 -4.8 (1) Adjusted EBITDA Net Earnings 2022 LTM Q1-23 (1) Adjusted EBITDA margin Net Earnings margin (1) This is a non-IFRS financial measure or ratio. Non-IFRS financial measures do not have any standardized meaning prescribed by IFRS and therefore may not be comparable to similar measures presented by other companies. Refer to the Non-IFRS Financial Measures section at the end of this presentation for further details. (in %) 33

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