2023 Capital Markets Day · page 165 of 172
The diagram uses a visual flow to show how Free Cash Flow is split between dividends and excess cash, with the latter further allocated to buy-backs, balance sheet, and investments.
Consulting deck · financial_analysis · quantify_impact · dense density
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Callback loop · 70%
Callback to p.16 €3bn return to shareholders commitment
Action Titles slide · 90%'RETURN TO SHAREHOLDERS C.€3BN OVER 2023-27'
Concrete Language slide · 80%c.€3bn figure anchored on slide
Waterfall chart slide · 80%Chart/waterfall-bridge: Flow diagram showing Free Cash Flow split into Ordinary Dividend and Excess Cash Flow
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