Globally Connected Infrastructure

Our Financial Roadmap 1 Leverage and optimize existing assets 2 3 Strengthen balance sheet Allocate capital to the best projects 4 Equity self- funding model Grow normalized EBITDA1 with no-to-low-capex investments Improve ROIC/ROE ■ Drive towards 4.5x or lower net debt/ normalized EBITDA¹ Build dry powder Non-core asset monetization Focus on projects that provide strong risk adjusted returns Sufficient internal investment capacity for organic growth Notes: 1) Non-GAAP measure; see discussion in the advisories. *See "Forward-looking Information". AltaGas Operating with Strong Financial Discipline and Living within Guardrails וס

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