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Alimentation Couche-Tard Investor Presentation

PRINCIPLES FOR PROFITABLE GROWTH ROCE1 Aim to deliver an EBIT-based return on capital employed of more than 15%. Leverage Ratio1 Aim to keep our adjusted net debt-to-EBITDA ratio below 2.25, allowing for flexibility following significant acquisitions. Capital Expenditures Aim to maintain a level of Capex spending at 35% to 40% of EBITDA1. 1 Please refer to the "Non-IFRS Measures" section of this presentation for additional information on performance measures not defined by IFRS. Alimentation Couche-Tard | Investor Presentation 38 3 CIRCLE K ingo

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