0% 80% 60% 40% 20% 0% 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Operatng Cash flow WM V.S. Free Call Flow ...Wiwi FCC as • % el NI Swot OwarA• brit Co'w Mops 8.000 7.000 6.030 5.030 4,000 3/00 2100 1.000 0 2005 2004 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2

curitin IP,Amps S.r1... Munn .4 the Gamins. ID.. To Plc, F.d. J PMerpo Mot 56..4 Ow Nov »no Da& %lasers, Ian. liw •••••• (( • OKI/NA...ph hon. el NI. »I Nish Riká i T.te Us nine. • low sad Rock & Tang lust L P %tale r ussirdsse4 N.4 JISI rpn.s. IM Ns. &.d... Reds A Tr, Dutol.on Is WI numb. NASD