Financial Strategy & Maturity Profile

Financial targets to be achieved until 2023:

Profitability: ROIC (throughout the cycle) >WACC [implying an EBITDA-margin of ~ 12%]
Deleveraging: Net Debt / EBITDA ≤ 3.0x
Equity: Equity Ratio > 45%
Liquidity: Adequate liquidity reserve ~ USD 1.1 bn

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