32 NE W M O NT C O RP O RA T IO N B E RNS T E IN 3 6 TH A NNU A L S T RA T E G IC D E C IS IO NS C O NF E RE NC E 2 0 2 0 S hort T erm I ncent i v e Pl an F o cus o n m e t rics o f hig h p rio rit y t o im p ro v e fo cus a nd a b ilit y t o e xe cut e A lig ns w it h t he s t ra t e g y m a p a nd t he m ining b us ine s s cy cle F unct io na l p e rs o na l g o a ls co v e r a d d it io na l a nnua l s t ra t e g ic p rio rit ie s Met ri cs We i g h ti n g R a ti on a l e ESG He a l th S a fe ty F o c u s o n F a ta lity Ris k Re du c tio n 14 F a tigu e Ris k Re du c tio n 6 20 F oc us on c or e he a l t h a nd s a fe t y p r i or i t i e s Re ta in s ba la n c e o f c a u s a l driv e rs a n d re s u lts o rie n ta tio n S ign if ic a n t P o te n tia l E v e n ts m a y m o de ra te re s u lts if ta rge ts n o t ach i eved S u s ta i n a b i l i ty K e y pu blic in dic e s 10 R e t a i ns foc us on E SG re c o gn ize d by in v e s to rs a n d go v e rn a n c e o rga n iza ti o n s Cap s t o n e m et r i cs t h at co n vey s o u r o b j ect i ves O p e r a ti on a l E xcel l en ce E ffi c i e n c y p r od u c t i on c os ts Cas h Sus t a i ni ng C os t G E O 25 P rim a ry o pe ra tin g m e tric with in th e c o n tro l of e m p l oye e s C o n s is te n t with prio r y e a rs V al u e creat i o n Fr ee Cas h Fl o w 2 0 R O CE 5 25 K e y m e a s u re o f pro f ita bil i ty in a c a pita l in te n s iv e bu s in e s s Cas h g en er at i o n pro v ide s th e a bili ty to f u n d f u tu re o pe ra tio n s a n d re tu rn c a pita l to s h a re h o lde rs R O CE Re tu rn o n C a pita l E m plo y e d G r ow th E xp l o rat i o n su ccess R es er ves 1 0 R e so u r c e s 10 20 P ipe lin e o f f u tu re o pe ra tio n s C o m pe titiv e dif f e re n tia to r