Investor Presentaiton

SHAREHOLDER DISTRIBUTION ENHANCED DISTRIBUTION RAISING SHARE OF CFFO DISTRIBUTED ~30-35% OF CFFO DISTRIBUTED VIA DIVIDENDS AND BUYBACK FROM 25-30% PREVIOUSLY CFFO BASED BUSINESS PERFORMANCE DRIVEN HIGH VISIBILITY RAISING DIVIDEND €1.00 DPS 2024: 6% INCREASE VS 2023, DISTRIBUTED QUARTERLY €1.1 BLN BUYBACK 2024: RISING CFFO OVER PLAN DRIVES BUYBACK RISING DIVIDEND SCOPE FOR INCREASES IN COMING YEARS AS BUSINESS GROWS AND SHARES REDUCE SHARING VALUE AND UPSIDE 9% YIELD¹ COMPETITIVE POLICY. 4 YEAR RETURN OF ~40% OF MARKET CAPITALISATION 60% OF CFFO UPSIDE TO BUYBACK FROM PREVIOUS 35% SHARING MORE UPSIDE RESILIENT CASH NEUTRALITY 22 1 Yield as of close of March 8th.

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