Compounding Long-term Dividends at 5-7% CAGR

3 Climate Initiatives Provide Incremental Investment Opportunities Utilities Investment Opportunities Core Utilities Operations: Energy Efficiency Programs System Betterment Modernization Programs (ARP) New Customer Connects Extension of Service Territory into New Neighborhoods Alternative Fuels: RNG H² Notes: *See "Forward-looking Information" AltaGas The energy evolution provides long-term opportunities to make ancillary investments that can reinforce the core utilities distribution business. It also provides an avenue to push for required changes in the regulatory constructs across our operating jurisdictions. Climate Focus Brings Material Long-term Opportunities for Gas Utilities 40 40

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