Slide 1: !"#$%"&'(")*+%,'-". !"# quot;%&'()&*+,*- quot;%&(!"#$%&"'())*+,-'.//$012+$/ !"#$%"&'(")*+%,'-". !"# quot;%&'()&*+,*- quot;%&(!"#$%&"'())*+,-'.//$012+$/
Slide 2: Disclaimer !"#$%&'"()*+ quot;$,-,'$ /0$,'#)+,+1%"%$213'%0+'#)+,+1%"%$21'4"%+) quot;&,'"15'5$,67,,$21'4".'621%"$1'6+)%"$1'82)+6",%,3'#)29+6%$21,'"15'82):")5'&22*$1;' ,%"%+4+1%,'< %0"%'$,3',%"%+4+1%,')+&"%+5'%2'87%7)+3'12%'#",%'+=+1%,'< $1')+&"%$21'%23'2)'$1')+,#+6%'28'%0+'8$1"16 quot;&'6215$%$213' 2#+)"%$21,'2)'>7,$1+,,+,'
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Slide 31: Personal Care Overview B,(+&'"S*!"(,*3R,(R%,U Q<=*6/>52<E*h.JO\i E352!<*36*!3AB<1/1/:<*;4:;01;>< j.OJ- jH.- .FI\^ !3EA<1/!E F?/'PDK?P NI?MD/OFH'IMNUO/h (DMHOFh l J1$W7+'0+6%2)$%+'6&".')+,27)6+ l U2)47&"%$21'+E#+)%$,+ l H&2>"&')+"60'T'67,%24+)'$1%$4"6. '(#$ ;01/cB<2EB/2;01*h;Bi*;!1/:<E E;K<E*C=* &)#$ E;K<E*C=* !%#$ C5E/0<E
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Slide 38: ;B*;7$%R,+*-"(e,$*G(&U$P* HMNL/R'NIINM/JFO/i `j]J-* ;B*;7$%R,+*-"(e,$*G(&U$P* HMNL/R'NIINM/JFO/i 12<04k*P/MNFH'-?(DF-'OF'DPOD T'KD/D( 3BB32150/1=k*!NP/'?UU?!/OQ?Ki'P?MQ?'HMNL/R ! I2#7&"%$21';)2:%0 ! ?&+4+1%$,'G ;&2>"&'4")*+%'T'%+6012&2;.'&+"5+) ! M$,$1;'5$,#2,">&+'$1624+, ! H)2:%0',%)"%+;. ! O16)+",+5'#)2576%'#+1+%)"%$21 " H&2>"&'*+.'"66271%'"&$;14+1
Slide 39: ;B*;7$%R,+*%''&R"$%&'*S,"9,(+P%L HMNL/R'NIINM/JFO/i ;B*;7$%R,+*%''&R"$%&'*S,"9,(+P%L HMNL/R'NIINM/JFO/i 12<04k*IM?(OJ('IMN-J!/'I?MUNM(DF!?' 3BB32150/1=k*-?KOQ?M'OFFNQD/ONF'QDKJ?'D--' ! !21,74+),'5+4"15'#)+4$74'DIa < K21;'&",%$1;b6&$1$6"&',%)+1;%0' < (7&%$G8716%$21"&$%.' B,(8&(-"'7, < P*$1'6")+'>+1+8$%, < F"%7)"&b;)++1b6&+"1' <88%7%,'7)* 6&(- ?&+4+1%$
Slide 40: Key Messages Q,)*A,++"G,+ ;*-"(e,$*S,"9,(* A"$,(%"S*G(&U$P* %'*!&+-,$%7+*"'9* &LL&($#'%$%,+*%'* A,9%#-*$,(-* ;B*"7$%R,+*U%$P* ;+%"M*Ee%'*!"(,M*;B* 8%'"'7%"S*&#$S&&ek +$(&'G*7&-L,$%$%R,* "7$%R,+*Y*1"S7 "9R"' quot;G,+ >4Bmm E quot;ZS,* /''&R"$%&'*8&7#+* &(G"'%7* &L,("$%'G* &'*'"$#("S* )+=+17+';)2:%0' #)28$%'4");$1h %'G(,9
Slide 41: >K3C;K*;AC/1/30* >K3C;K*;AC/1/30* !RMOP/ODF'eD/R?M3'PQI !"# quot;%&'()&*+,*- quot;%&(!"#$%&"'())*+,-'.//$012+$/
Slide 42: Talc Overview 1"S7*3R,(R%,U Q<=*6/>52<E*h.JO\i E352!<*36*!3AB<1/1/:<*;4:;01;>< jOH\- j.H- OHIH^ ! I)2=+1'%)"6*')+62)5'$1'$157,%) quot;&'%"&6';)2:%0' F?/'PDK?P NI?MD/OFH'IMNUO/h (DMHOFh ! J1$W7+'#)26+,,$1;'"15'82)47&"%$21'6"#"> amp;$%$+,' ! R$;0'W7"&$%.3'>"6*:")5'$1%+;)"%+5'2#+)"%$1;'425+& *#$ %)#$ *#$ ! !7,%24+)',+)=$6+
Slide 43: 1"S7*b 8&SS&U+*"*L,(8&(-"'7,*"99%$%R,*S&G%7* 1"S7*b 8&SS&U+*"*L,(8&(-"'7,*"99%$%R,*S&G%7* :,($%7"S+ EP"(,*&8*1& quot;S* :"S#,9*B(&L,($%,+ !#+ amp;-,(+ h^*&8*.JO\*1"S7*+"S,+di 6&(-#S"$%&'*!&+$ BS"+$%7+ P%$881+,,'c'O1+)%1+,,' 5L* amp;*OJ^ hNJ^i (+60"1$6"&')+,$,%"16+'c'!2&27)'621,$,%+16. !&"$%'G+ (+60"1$6"&')+,$,%"16+'c'P0++1' O*b N^ h.[^i N#"6$%.'c'R.5)2#
Slide 44: !&'+%+$,'$*%'9#+$(%"S*1"S7*G(&U$P B;B<2*:E*/045E12/;K I"#+)' !&'+%+$,'$*%'9#+$(%"S*1"S7*G(&U$P B;B<2*:E*/045E12/;K I"#+)' O157,%) quot;& YXX` YX]X YX]] YX]Y YX]g YX]Z YX]^ YX][ YX]_ YX]\ K/('YX]` F2%+a';)"#0',02:1'$1'621,%"1%'67))+16. !"# quot;%&'()&*+,*- quot;%&(!"#$%&"'())*+,-'.//$012+$/ 1" S 7 FF
Slide 45: E#77,++8#S*1"S7*%'$,G("$%&' B,&LS, B(&7,++,+ E#77,++8#S*1"S7*%'$,G("$%&' 2,R,'#,* B,&LS, B(&7,++,+ !&+$*E)',(G%,+ E)',(G%,+ D&&'*+.'+4#&2.++,' /"&6'$1%+;)"%+5':$%0 fY4')71')"%+'21' fYXGY^4' )+%"$1+5 ?&+4+1%$, ;&2>"&' %)"6* >.'YXYg'21'%)"6*' %+"4, f]\4'28'1+:'>7,$1+,,'2##2)%71$%$+,'"15',%)+1;%0+1+5'5$,%) gt;7%2),'$1'D, quot;'T'D4+)$6" !"# quot;%&'()&*+,*
Slide 46: ;'*"$("7$%R,*-"(e,$*Y <S,-,'$%+*%+*U,SS*L&+%$%&',9* amp;*G(&U*** ;'*"$("7$%R,*-"(e,$*Y <S,-,'$%+*%+*U,SS*L&+%$%&',9* amp;*G(&U*** ;*0/!@<*A;2Q<1M*>23?1@*12;!Q*2<!324 <K<A<01/E*?<KK*B3E/1/30<4*13*;!!<K<2;1<*>23?1@ O H&2>"&'$157,%) quot;&'%"&6'4")*+% jOIOZ' H&2>"&'+E#"1,$21' . K21;'&$8+'#&",%$6,' ?&+4+1%$,'4")*+%',0")+ OO^ N /+601$6"&'6+)"4$6, O157,%).'!DHMh H^ F S"))$+)
Slide 47: Global expansion >S&Z"S*,VL"'+%&' HMNL/R'NIINM/JFO/i' 12<04k /DK!'OF!M?DPOFHKi'D'HKNSDK'(DMe?/' 12<04 3BB32150/1=k HKNSDKOP?'T'D!!?K?MD/?'/DK!'PDK?P ! R$;0'W7"&$%.'T'%+601$6"&',7##2)%'5+4"15+5'21'"' ! ?E#"15'$1'D, quot;'T'D4+)$6",' ;&2>"&'>",$,'' ! ?&+4+1%$,';&2>"&'6"#"> amp;$%$+,' ?&+4+1%$, /"&6'(")*+% +(#$ +(# " D,,+%'>"
Slide 48: K&'G*S%8,*LS"+$%7+*9(%R%'G*+#+ quot;%'"Z%S%$)* K&'G*S%8,*LS"+$%7+*9(%R%'G*+#+ quot;%'"Z%S%$)* HMNL/R'NIINM/JFO/i' 12<04k*/DK!'PJIINM/P'Q?RO!K?'KOHR/'L?OHR/OFH 3BB32150/1=k*(DMe?/'PRDM?'HDOF' ! I&",%$6,')+#&"6$1;'4+%"&'#")%,'G &$;0%+1'6"),'T' ! H)2:'4")*+%',0")+'8)24'_da )+576+'!NY'+4$,,$21,' ! /"&6'7,";+'$1'#&",%$6,';)2:$1; " L$1':$%0';&2>"&'67,%24+
Slide 49: 1,7P'%7"S*7,("-%7+*+#LL&($,9*Z)*(,G#S"$%&' 1,7P'%7"S*7,("-%7+*+#LL&($,9*Z)*(,G#S"$%&' HMNL/R'NIINM/JFO/i' 12<04k*/OHR/?FOFH'?FQOMNF(?F/DK'M?HJKD/ONF 3BB32150/1=k P?MQ?'D'HMNLOFH3'IM?(OJ('DIIKO!D/ONF' ! ?4+);$1;'4")*+%')+;7&"%$21'%2',7##2)%' ! ?&+4+1%$,'$,'%0+'&+"5$1;';&2>"&',7##&$+)'28'%"&6'82)' 6"%"&.%$6'621=+)%2)'5+4"15'' %+601$6"&'6+)"4$6
Slide 50: C"((%,(*!&"$%'G+* HMNL/R'NIINM/JFO/i j\Z'* C"((%,(*!&"$%'G+* HMNL/R'NIINM/JFO/i 12<04k*M?IKD!?'POFHK?'JP?'IKDP/O!P'OF'?JMNI? 3BB32150/1=k*/DK!'UNM'SDMMO?M'!ND/OFHP' ! ?J'&+;$,&"%$21'T'621,74+)'>+0"=$27)')+576$1;' ! ?&+4+1%$,'%"&6':+&&'#2,$%$21+5'82)'7,+'$1'>"))$+)' #&",%$6,'$1'8225'#"6*";$1;' 5$,#+),$21'62"%$1;,' " R$;0'#7)$%.' ! /"&6'6"1')+
Slide 51: Key Messages Q,)*A,++"G,+ >S&Z"S*a.*%'*1"S7* E%G'%8%7"'$*+)',(G)* +,(R%'G*G(&U%'G* L&$,'$%"S*U%$P* A,9%#-*$,(-* P%GP*,'9*%'9#+$(%"S* <S,-,'$%+n*GS&Z"S* 8%'"'7%"S*&#$S&&ek "LLS%7"$%&'+ (,"7PM*7#+ amp;-,(* (,S"$%&'+P%L+*Y* %''&R"$%&'* >4Bmm* /-L(&R%'G ,VL,($%+, !S,"(*G(&U$P* &(G"'%7 &L,("$%'G &LL&($#'%$%,+k* )+=+17+'
Slide 52: @/>@*:;K5<* B;21/!/B;1/30* KJ!'QDF'MDQ?FP/?OF3'PQI @/>@*:;K5<* B;21/!/B;1/30* KJ!'QDF'MDQ?FP/?OF3'PQI !"# quot;%&'()&*+,*- quot;%&(!"#$%&"'())*+,-'.//$012+$/
Slide 53: Coatings Overview !&"$%'G+*3R,(R%,U Q<=*6/>52<E*h.JO\i E352!<*36*!3AB<1/1/:<*;4:;01;>< ! H&2>"&'&+"5+)'$1')0+2&2;. jNW.- jHN- OFIH^ F?/'PDK?P NI?MD/OFH'IMNUO/h (DMHOFh ! J1$W7+'0+6%2)$%+')+,27)6+' ! !24#&+4+1%").'0$;0'="&7+'"55$%$=+'%+6012&2;.' ! H&2>"&')+"60'T'67,%24+)'$1%$4"6. ,*#$ '"#$ '%#$ E;K<E*C=* E;K<E*C=* C5E
Slide 54: >S&Z"S*!&"$%'G+*$("'+8&(-"$%&'*7&-LS,$, O N >S&Z"S*!&"$%'G+*$("'+8&(-"$%&'*7&-LS,$, O /'7(,"+,9 7#+ amp;-,(*%'$%-"7)* j2$1%'$112="%$21'$1$% quot;%$=+,' ?E6$%$1;'HeD(h'#$#+&$1+' . E%-LS%8%,9*L(&9#7$* L&($8&S%&* L2)*$1;'6"#$%"&',"=$1;, O16)+",+5',#+6 quot;&%.'8267, N K,"',(M*GS&Z"S*$,"-* N1+';&2>"&'%+"4 F$4>&+3'%)"1,#")+1%'T'"&$;1+5' D'42)+'1$4>&+3'+88$6$
Slide 55: :;K5<*hjoA1i ?,SS*L&+%$%&',9*%'*L(,-%#-*!&"$%'G+*"99%$%R,+* <K<A<01/E*!3AB<1<E*/0*;*@/>@*:;K5<*0/!@< H&2>"&'!2"%$1;,'O1;)+5$+1%'N=+)=$+:' 2P,&S&G) ! ?&+4+1%$,',2&7%$21,'")+'+,,+1% quot;&'82)' @%GP* :"S#,*;99%$%R,+ f]C`>1'(")*+%'' 0$;0'#+)82)4"16+'!2"%$1;,' ! L+'#)2=$5+'"',.,%+4,'"##)2"60'%2' )+,2&=+'67,%24+)'60"&&+1
Slide 56: D55$%$=+,' M0+2&2;.'(25$8$+),' B(,-%#-*"99%$%R,+k* B(,-%#-*"99%$%R,+k* 9,S%R,(*7(%$%7"S*L,(8&(-"'7,*%-L(&R,-,'$* A"(e,$*',,9*"99(,++,9 E,S,7$,9*E#ZcE,G-,'$ :"S#,9*B(&L,($%,+ I)+4$74$,"%$21 ?88$6$+16. P7,%"$1"> amp;$%. 3(G"'&7S")+ I"$1%',%2)";+'"15'$4#)2=+5'"##&$6"%$21' M0+2&2;.'(25$8$+),' E)'$P,$%7*1P%7e,',(+ ?1">&$1;'#)+4$743'QN!G8)++'#"$1%, U",%+)3'4
Slide 57: B(,-%#-*9,7&("$%R,*7&"$%'G+* jFJJ-* B(,-%#-*9,7&("$%R,*7&"$%'G+* HMNL/R'NIINM/JFO/i' 12<04Ek -?!NMD/OQ?'IM?(OJ(OPD/ONF' E3K51/30k ?K?(?F/OP MR?NKD/? p Rt'MR?NKNHi'P?MO?P 3',*7&"$*P%9, S)+"*%0)27;0'#+)82)4"16+'$1',$1;&+'62"% E quot;%'*(,+%+ quot;'7, P%+#'60"1;+'$1',%"$1')+,$,%"16+ E#+ quot;%'"Z%S%$)* QN!'T'#)+,+)="%$=+'8)++'62"%$1;, jFJJ-* "55)+,,
Slide 58: ?"$,(Z&(',*%'9#+$(%"S*"99%$%R,+* jFJ-* ?"$,(Z&(',*%'9#+$(%"S*"99%$%R,+* HMNL/R'NIINM/JFO/i' 12<04k UMN('PNKQ?F/'/N'LD/?M 3BB32150/1=k OF/?HMD/?-'/?!RFNKNHi'PNKJ/ONFP' ! P%)21;'424+1%74'82)'621=+),$21'%2':"%+)>2)1+'' ! ?&+4+1%$,'+1">&+,'+88+6%$=+'621=+),$21'%2':"%+)>2)1+'' < ?1=$)214+1%"&' " M0+2&2;.'&+"5+),0$# < M+;7&"%$21' " F2=+&':"%+)
Slide 59: @)Z(%9*;9P,+%R,+*Y*E,"S"'$+* jOHJ-* @)Z(%9*;9P,+%R,+*Y*E,"S"'$+* HMNL/R'NIINM/JFO/i' 12<04k**D'HMNL/R'(DMe?/'UNM'IM?(OJ('D-R?POQ?P 3BB32150/1=k D-QDF/DH?-'/ROtD/MNKp /?!RFNKNHi'' ! U",%';)2:%0'4")*+%',7##2)%+5'>.'6&+")'4+;"%)+15,a ! /0$E"%)2&p :+&&'#2,$%$21+5'=,'%)"5$%$21"&'"55$%$=+, < M+#&"6+'17%,'T'>2&%, " B,(8&(-"'7, < $4#)2=+5'"50
Slide 60: 1"S7*%'*!&"$%'G+* jOJcOH-* 1"S7*%'*!&"$%'G+* HMNL/R'NIINM/JFO/i' 12<04k*(NM?'PJP/DOFDSK?'!ND/OFHP' 3BB32150/1=k*!JP/N(?M3'H?NHMDIRi3'OFFNQD/ONF' ! /"&6'$1'!2"%$1;,'+1">&+, ! /"&6'$,'"'1"%7)"&'8$%'82)'?&+4+1%$,'62"%$1;,' < O4#)2=+5'57)"> amp;$%.'T'4+60"1$6"&')+,$,%"16+' " f]Y4'1+:'>7,$1+,,'2##2)%71$%$+,' < K2:+)'QN!'T'0$;0+)',2&$
Slide 61: Key Messages Q,)*A,++"G,+ K,"9%'G*+#LLS%,(*&8* !S,"(*G(&U$P* P%GP*R"S#,*"99%$%R,+M* &LL&($#'%$%,+k* A,9%#-*$,(-* 7(%$%7"S* amp;* L(,-%#-*9,7&("$%R,M* 8%'"'7%"S*&#$S&&ek L,(8&(-"'7,* U"$,(Z&(',*%'9#+$(%"SM* "9P,+%R,+*Y*+,"S"'$+* Y* quot;S7 >4Bm* /-L(&R%'G* 1("'+8&(-"$%&'* &(G"'%7 &L,("$%'G L(&G("--,* )+=+17+';)2:%0' #)2
Slide 62: !"#$%"&'(")*+%,'-". !"# quot;%&'()&*+,*- quot;%&(!"#$%&"'())*+,-'.//$012+$/ !"#$%"&'(")*+%,'-". !"# quot;%&'()&*+,*- quot;%&(!"#$%&"'())*+,-'.//$012+$/
Slide 63: Efficiency and Simplification <66/!/<0!=*Y* E/ABK/6/!;1/30* Dj??/R ?Fj?/O3'PQI !"# quot;%&'()&*+,*- quot;%&(!"#$%&"'())*+,-'.//$012+$/
Slide 64: E"R%'G+*9(%R,'*Z)*,88%7%,'7)*"'9*+%-LS%8%7"$%&' E"R%'G+*9(%R,'*Z)*,88%7%,'7)*"'9*+%-LS%8%7"$%&' 6%$*8&(*L#(L&+,* 3L,("$%&'"S* 4%G% quot;S* &(G"'%+"$%&'* ,88%7%,'7)* %-LS,-,' quot;$%&' P$4#&+'"15'&+"1 P7##&.'60"$1'$4#)2=+4+1%, U",%+)'"15'+",$+) jOH-*&8*+"R%'G+*Z)*.J..* !"# quot;%&'()&*+,*- quot;%&(!"#$%&"'())*+,-'.//$012+$/ <88%7%,'7)*Y*E%-LS%8%7"$%&'* WF
Slide 65: 6%$*8&(*L#(L&+,*&(G"'%+"$%&' `jHA 6%$*8&(*L#(L&+,*&(G"'%+"$%&' ;BB23;!@ P%)+"4&$1+5',%)76%7)+'' OJJ*(&S,+* O16)+",+5',#"1,'28'621%)2&3' ,S%-%'"$,9 )+576+5'4"1";+4+1%'&".+), `jHA ,"=$1;, D&$;1+5'92>'&+=+&, !"# quot;%&'()&*+,*- quot;%&(!"#$%&"'())*+,-'.//$012+$/ <88%7%,'7)*Y*E%-LS%8%7"$%&'* WH
Slide 66: 3L,("$%&'"S*,88%7%,'7)c jOJ-*+"R%'G+* 3L,("$%&'"S*,88%7%,'7)c jOJ-*+"R%'G+* /04/;*BK;01 :3K5A<*2<;KK3!;1/30* B23!52<A<01* K2:+)'62,%'%2',+)=+' O1%+)1"&'=2&74+,'2#%$4$,+5 N#%$4$,+ :")+027,+'T'&2;$,%$6, 3BB32150/1= /")$88'1+7%)"& /0$)5'#")%$+,')+576+5 M":'4"%+) quot;&',7##&.'624#+%$%$21' !&2,+)'%2'1+:';)2:%0'4")*+%, P0$8%'=2&74+,'%2'O15 quot; H&2
Slide 67: Digital implementation 4%G% quot;S*%-LS,-,' quot;$%&'* .JOW 134;= ?,Z+%$, N&5':+>,$%+ ?G6244+)6+')+"5. !2A F2'!M( !M(3'#)$6+'4"1";+4+1%3'DO @2 (7&%$#&+'&+;"6.'#&"%82)4, H&2>"&'074"1'6"#$%"&'4"1";+4+1% B(&T,7$ (P'%22&, H&2>"&'5$;$%"&'#)29+6%'4"1";+4+1% -"'"G,-,'$ N1+';&2>"&'5+4"15'#&"11$1;'"15' 3L+* amp;&S+ M+;$21"&',2&7%$21, RP?'4"1
Slide 68: 4%G% quot;S*LS"$8&(-+*8&(*L,(8&(-"'7,*-"'"G,-,'$ 4%G% quot;S*LS"$8&(-+*8&(*L,(8&(-"'7,*-"'"G,-,'$ E"S,+8&(7,*!2A*+#LL&($+*+"S,+* 4,-"'9*"'9*+#LLS)*7P"%'* "'9*L,(8&(-"'7,*-"'"G,-,'$* LS"''%'G*-"'"G,-,'$ I$#+&$1+'="&7+'hj-i*#L*..^** -+&$=+)+5'$16)+4+1%"&'6",0',"=$1;,'28'jH-*%'*.JO] :$%0$1',$E'421%0,'28'&"7160 !)$%$6"&'%22&'82)'2=+)"&&'U&(e%'G* .JO]*c j.
Slide 69: E"R%'G+*9(%R,'*Z)*,88%7%,'7)*"'9*+%-LS%8%7"$%&' E"R%'G+*9(%R,'*Z)*,88%7%,'7)*"'9*+%-LS%8%7"$%&' 6%$*8&(*L#(L&+,* 3L,("$%&'"S* 4%G% quot;S* &(G"'%+"$%&'* ,88%7%,'7)* %-LS,-,' quot;$%&' P$4#&+'"15'&+"1 P7##&.'60"$1'$4#)2=+4+1%, U",%+)'"15'+",$+) jOH-*&8*+"R%'G+*Z)*.J..* !"# quot;%&'()&*+,*- quot;%&(!"#$%&"'())*+,-'.//$012+$/ <88%7%,'7)*Y*E%-LS%8%7"$%&'* W]
Slide 70: Financial framework 6/0;0!/;K*62;A<?32Q MDKIR'R?LOFP3'!UN !"# quot;%&'()&*+,*- quot;%&(!"#$%&"'())*+,-'.//$012+$/
Slide 71: Medium term group performance objectives A,9%#-*$,(-*>(&#L*L,(8&(-"'7,*&ZT,7$%R,+ A;2>/0*/AB23:<A<01 D-jJP/?-'NI?MD/OFH'IMNUO/'(DMHOF ]^CYdh O[^ !;E@*!30:<2E/30 NI?MD/OFH'!DPR'!NFQ?MPONFhhh \gdhh ]J^*LS#+ 4<cK<:<2;>/0>* F?/'-?S/'b'?SO/-D YC\Eh 5'9,(*OIH*V h'K",%'%:+&=+'421%0,'%2'gX'j71+']` hh'K",%'%0)++'.+")'"=+)";+ hhh'!"&67&"%+5'",'@"597
Slide 72: ;$("7$%R,*&(G"'%7*G(&U$P*L&$,'$%"S B,(+&'"S*!"(, !&"$%'G+ ;$("7$%R,*&(G"'%7*G(&U$P*L&$,'$%"S B,(+&'"S*!"(, !&"$%'G+ 1"S7 !P(&-%#- <',(G) A;2Q<1* >4B*m >4B >4B*m /'9#+$(%"S*L(&9#7$%&' 3%S*L(%7,*9,L,'9,'$ >23?1@ H&2>"&'+E#"1,$21 D, quot;'!2,4+%$6, I)+4$74'5+62 <K<A<01/E I&",%$6,',0")+';"$1 H)2:%0'$1'!0)24+ ?",%+)1'0+4$,#0+)+' P*$1'6")+ O157,%) quot;&':"%+)>2)1+ 3BB
Slide 73: Margin improvement opportunity A"(G%'*%-L(&R,-,'$*&LL&($#'%$) ;4D5E1<4*3B<2;1/0>*B236/1*A;2>/0 O[d OHI.d Y X ] ` ' K/ ( F?/'NMHDFO! N M H D F O P D/ O N F P J I I Ki ' ! R D O F (?-OJ( HMNL/Rh ?UUO!O?F!O?P ?UUO!O?F!O?P /?M( h'F+%'28'8$E+5'62,%'$18&"%$21 !"# quot;%&'()&*+,*- quot;%&(!"#$%&"'())*+,-'.//$012+$/ 6%'"'7%"S*6("-,U&(e [N
Slide 74: E$(&'G*&L,("$%'G*7"+P*8S&U* amp;*7&'$%'#,* ;9T#+$,9*&L,("$%'G*L(&8%$k*J15+)&.$1;';)2:%0 !"L,Vk*of^X4'#+)'"1174 E$(&'G*&L,("$%'G*7"+P*8S&U* amp;*7&'$%'#,* 3B<2;1/0>*!;E@*!30:<2E/30* )"# -$ ""#$ +'#$ +"#$ ;9T#+$,9*&L,("$%'G*L(&8%$k*J15+)&.$1;';)2:%0 ("#$ !"L,Vk*of^X4'#+)'"1174 &"#$ ?&(e%'G*7"L% quot;Sk*fgX4'715+)&.$1;')+576%$21'>.'YXYX ,"#$ "#$ ,"%( . %+$ YX]`'21:")5, F2%+a'N#+)"%$1;'6",0'621=+),$21'6"&67&"%+5'",'@"5
Slide 75: Growth and productivity capex focus >(&U$P*Y*L(&9#7$%R%$)*7"L,V*8&7#+ !;B<X*EB<04*30*>23?1@*Y*B2345!1/:/1=* @/>@*2<1520*!;B<X*B23D<!1*<X;ABK<* 5E*3(G"'&7S")*3L$%-%+"$%&' ("$1%+1"16+'T'RP? H)2:%0'T'I)2576%$=$%. l P%'K27$,'T'!0")&+,%21'#)2576%$21'621,2&$5"%$21 %""#$ l P%")%'7#'R]'YX]` )"#$ +"#$ l f\4',#+15 *"#$ l OMM'Y^du ("#$ !"#$ &"#$
Slide 76: Revenue jNJ-*U&(e%'G*7"L% quot;S*%-L(&R,-,'$*Z)*.J.J ;!1/30E*13*4;1< ?32Q/0>*!;B/1;K*E;:/0>E*B23>2<EE* NJ !3ABK<X/1=** M?Q?FJ?h c M+576+5'PeJ, .N E<2:/!<*K<:<K* ;>2<<A<01E O. G YX]\')2&&'27%''' ?SO/h /0:<0132= G ("*+'%2'2)5+)3'#"6*'%2'2)5+) G F+:'5+4"15'#&"11$1;'%22&,''' YX]\ YX]` YXYX (2)+':2)*$1;'6"#$%"&'#)2;
Slide 77: 4%+7%LS%',9*7"L% quot;S*"SS&7"$%&'* 4%+7%LS%',9*7"L% quot;S*"SS&7"$%&'* l o^d'28',"&+, OFQ?P/'UNM' !DIO/DK' OFQ?P/(?F/P l /.#$6"&')+%7)1,'YXdu'OMM' HMNL/R 21';)2:%0'T'#)2576%$=$%.'6"#+E l I)2;)+,,$=+'5$=$5+15'#2&$6. E1230>* PRDM?RNK-?M l F2)4"&&.'"%'&+",%'Y'%$4+,'5$=$5+15'62=+) !;E@*6K3? M?/JMFP l P++*'"55$%$21"&')+%7)1,':0+1'1+%'5+>%' ,%
Slide 78: ?2;B*5B IDJK'LD/?M(DF3'!?N ?2;B*5B IDJK'LD/?M(DF3'!?N !"# quot;%&'()&*+,*- quot;%&(!"#$%&"'())*+,-'.//$012+$/
Slide 79: <S,-,'$%+ R"S#,*7(,"$%&'*8("-,U&(e A<4/5A*1<2A*3CD<!1/:<E B236/1;C/K/1= <S,-,'$%+ R"S#,*7(,"$%&'*8("-,U&(e /003:;1/30* >23?1@ <66/!/<0!= A<4/5A*1<2A*3CD<!1/:<E B236/1;C/K/1= !;E@ K<:<2;>< D597,%+5'2#+)"%$1;' N#+)"%$1;'6",0' F+%'5+>%b?SO/-D' #)28$%'4");$1'28']_d 621=+),$21'`Xdu s]C^E !"# quot;%&'()&*+,*- quot;%&(!"#$%&"'())*+,-'.//$012+$/ []
Slide 80: !"#$%"&'(")*+%,'-". !"# quot;%&'()&*+,*- quot;%&(!"#$%&"'())*+,-'.//$012+$/ !"#$%"&'(")*+%,'-". !"# quot;%&'()&*+,*- quot;%&(!"#$%&"'())*+,-'.//$012+$/