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      "text": "Key Money and Maintenance Capex increasing to up to $200m p.a. from ~$150m p.a. historically\nSystem Fund is well-invested with >$700m cumulative Capex spent over last decade\nOrdinary dividend has been growing at a CAGR of 10% absorbs ~$250m of FCF (growth in dividend partially offset by lower share count after buybacks)\n$800m buyback in 2024 will increase leverage only to around the bottom of the 2.5-3x target range follows return of $750m in 2023 with leverage unchanged at 2.1x\nAdditional capacity to invest or return a further ~$500m+ based on increasing leverage to the top of the range, if there are compelling investment returns to do so\nFuture profit growth further increases investment and shareholder returns capacity",
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