Investor Presentaiton

NGL & Refined Products Segment - Pipeline & Fractionation Expansion ՈՐ ENERGY TRANSFER Lone Star Express Expansion • · 24-inch, 352-mile expansion • . Added incremental NGL pipeline capacity from Lone Star's pipeline system near Wink, Texas to the Lone Star Express 30- inch pipeline south of Fort Worth, Texas Completed in Q3 2020 • • • Mont Belvieu Fractionation Expansions • Total of 7 fractionators at Mont Belvieu; current capacity over 900,000 bbls/d • 150,000 bbls/d (nameplate) Frac VI went into service in February 2019 150,000 bbls/d (nameplate) Frac VII went into service in Q1 2020 • Resumed construction of 150,000 bbls/d Frac VIII, which is expected to be in service in Q3 2023 Total Permian NGL takeaway capacity is ~1 million bbls/d Ft. Worth, TX Godley Baden LaGrange/Chisholm Plant Complex Asset Overview ET NGL ET Justice ET Liberty ET Gulf Coast NGL Express ET Gulf Coast NGL Expansion ET Gulf Coast NGL/WTX Gateway ET Spirit Mariner South Nederland Terminal Mt. Belvieu Fractionation & Storage Plant Fractionator Processing Plant Storage Kenedy ET Freedom Jackson Geismar ET Mont Belvieu Hattiesburg Frac VII Frac I Sea Robin Sorrento Chalmette Frac III Frac VI Fracs IV & V Frac II Export De-C2 Upon completion of Frac VIII, total Mont Belvieu frac capacity will be over 1.1 million bbls/d 21 24

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