The WHAT |The current environment causes changes to P&L and balance sheet items that drive the need for transformation Changes across P&L and BS items Levers to be pulled to improve position Non-exhaustive 1 Top-line protection Income statement • Quantify exposure and margin risk and assess ability to increase prices In millions of USD FY22 FY21 • f a x a a a , … 1 Total revenues - - 2 Supply chain optimization 2 Costs of goods sold - - • Reduce supply chain costs and risks Gross profit • Eva a p m za a j pp , …. 3 E2E cost transformation Deep dive on next slide 3 Operating expenses • Optimize direct and indirect material spending d. veer es 4 Salaries - - • S am ga za , g p a p a g m , …. r Balance sheet 5 SG&A - - ights r In millions of USD FY22 FY21 4 Labor cost reduction l 2 Al. . . . . - - 6 Assets - - • Implement value-driven shoring and E2E managed and automated processes oup rG . . . - - EBITDA • a a g a v p a f m , … ting - - sul Liabilities - - Optimization of energy consumption on . . . . - - 5 C . . . - - • Explore alternative sources of energy, limit hedging ton osB Equity - - • R g a mp v p f g , … 2 by . . . - - 202 6 Unleashing of cash reserves © • Identify value through top-down targeting ight • Act upon selected levers and monitor across real-time dashboards 12 opyrC