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Investor Presentaiton

Future resource optionality Portfolio of growth opportunities with net-zero potential In situ GHG intensity t CO₂e/m3 0.5 Aspen Clarke Creek Fort McMurray Montney Corner ● Duvernay • Clyden 0 Industry SAGD SA-SAGD EBRT EBRT + CCS Successful lab-scale EBRT research Large inventory of in situ opportunities ▷ Aspen, Corner, Clarke Creek, Clyden Strategic approach to future development ▷ Maintain optionality while evaluating next generation in situ technologies Edmonton Calgary ■ Advancing Enhanced Bitumen Recovery Technology (EBRT) ▷ Significantly lower GHG intensity ▷ Potential for large-scale application at Aspen; improved value capture > Potential to pair with CCS for net-zero incremental production ■ Unconventional assets being marketed > Testing opportunity to capture enhanced value ▷ Aligns with strategy to focus on core oil sands assets Imperial | 2022 | 41
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