2022 Investor Day Presentation

8 10 THE BACKBONE OF THE BASIN Significant investment to expand the reach of the WCSB Peak day NGTL System receipts NGTL and Mainline Investment Base Bcf/d 16 NGTL reached a new record high of 14.3 Bcf/d in 2022 - 2.3 Bcf/d higher than 2015 $Billions We have grown our investment base by $9.5 billion since 2015 30 20 14 14 10 12 0 2015 2016 2017 2018 2019 2020 2021 2022YTD 6 3.00 4 2.00 1.00 2 0.00 0 2015 2016 2017 2018 2019 2020 2021 2022YTD WCSB production break-even $CAD/GJ @ NIT ~50 years of reserves are available with break-even prices of $1.50 or less 23 54 75 110 125 209 247 247 Tcfe below $1.50 275 367 391 482 514 558 Cumulative (Tcfe) 009 613 657 62 62

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