decile total shareholder returns (TSR) position vs. peers and a strong cash flow through the cycle. As presented at our Capital Markets days in Feb 2020, On the journey to achieve above objectives, IVL is

also embarked on a journey to make the organization ready for the future. Initiatives in this regard include the recent strengthening of the management team with the recruitment of the Chief Strategy

continued growth aspirations, IVL has also embarked on a journey to make the organization ready for the future. Initiatives in this regard include the recent strengthening of the management team with the

&A 4 Strategic Investments IVL continued in its earnings accreting growth journey through several acquisitions and organic imperatives with an overall capital investment of $2.26 billion in 2018 which