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15 2020 OUTLOOK STN TSX NYSE 2020 Outlook Net Revenue and Adjusted Earnings • • • Full-year 2020 net revenue expected to be comparable to 2019 Adjusted net income and adjusted diluted EPS comparable to 2019 55% of adjusted earnings in Q2 and Q3, and 45% in Q1 and Q4 Leverage • Net debt to adjusted EBITDA expected to be at the low end of internal range of 1.0x to 2.0x • No near-term debt maturities • More than 70% of debt is floating rate Liquidity & Capital Allocation • >$330 million available liquidity on committed revolving credit facility ($600 million also available through accordion) • Non-essential capital expenditures on hold • Dividend re-affirmed • Share repurchases on opportunistic basis Continued balance sheet strength and disciplined capital deployment

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