AltaGas Value Proposition

Capital Allocation Framework Disciplined capital allocation within an equity self-funding model delivers shareholders value. Financial Strength and Flexibility Self-funded Organic Growth ☐ Strong balance sheet (4.5x) 1 2 ■ Focus on risk adjusted ☐ Reasonable dividend payout per share growth ☐ Excess investment capacity (equity self-funded) Notes: *See "Forward-looking Information" AltaGas 3 Sustainable Dividend Growth with Long-term Potential for Buybacks Steady and growing dividends Share buybacks can supplement dividends on an opportunistic basis Disciplined Capital Allocations = Maximum Shareholder Value 10

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