Capital discipline and a robust balance sheet Balance sheet CAPEX & returns 0.62x $1.2bn Net debt/EBITDA -2023 CAPEX in 2019-23 $1.6bn ~70% Liquidity in form of cash and unutilized of CAPEX allocated to growth credit facility - 2023 $3.2bn 26% Cash generation in 2019-23 Return on Capital Employed 2019-23 average 43