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  "documentTitle": "2023 03 Investor Deck",
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      "text": "Objective of maintaining an investment grade credit rating 2.5x – 3.0x Net Debt: Adjusted EBITDA under normalised conditions",
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      "text": "Invest in the business to drive growth; Sustainably grow the ordinary dividend; Return surplus funds to shareholders",
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      "text": "Adjusted FY22 EBITDA $896m | 31 December 2022 Net Debt $1,851m | Leverage ratio reduced to 2.1x. $750m buyback increases leverage by 0.8x on a pro forma basis",
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      "text": "Having returned $14.3bn to shareholders since 2003, our strategy for uses of cash remains unchanged",
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