Financial Targets

The Board of Directors of Sinch has set the following financial targets:

• Growth in Adjusted EBITDA per share shall be at least 20 percent per year.
• Net debt over time shall be below 2.5 times adjusted EBITDA (measured on a rolling twelve-month basis).

Growth in adjusted EBITDA can be achieved both organically and through acquisitions. The phrase ‘over time’ means that leverage may temporarily exceed the targeted level in the near term following an acquisition.

Dividend policy:

• The Board continues to see good growth opportunities through acquisitions over the next few years, and therefore proposes that the company’s earnings primarily are reinvested.

The financial targets were last revised on June 9, 2021.