Investor Presentaiton

Advantaged access to capital Supported by industry-leading credit rating Debt-to-capital has remained at a low level, absolute and relative to peers No additional debt to date in 2020 Multiple sources of low-cost liquidity Support for key priorities - sustaining capital and dividend Optionality to pursue potential highly- attractive growth opportunities Sept. 30, 2020 debt to capital % 50 50 25 25 11 འ YEARS 1880-2020 Imperial Cenovus Suncor CNRL Husky S&P credit ratings AA BBB- BBB+ BBB BBB Imperial 2020 64

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