Investor Presentaiton
Segment Profit Growth
Growth in Segment Profit (1,2,3,4)
(C$mm) ~158% (~21% CAGR) in Core Infrastructure
$800
Segment Profit
from 2017 to 2022 PF
$700
$600
$520
$517
$469
$475
$500
$400
$377
Transaction immediately grows
Core Infrastructure Segment
Profit by an additional ~35%
$562
Gateway
Pro Forma Gibson
Infrastructure expected to account
for 85% of Segment Profit
~80% of Infrastructure revenues
take-or-pay (>95% when including
fee-based)
ā Third terminal platform provides
future growth optionality
GIBSON ENERGY INVESTOR PRESENTATION
$300
$200
% Infrastructure
Marketing Above Run Rate (2)
Marketing
Divested Business
$100
~60%
~55%
~55%
~55%
~60%
~80%
~85%
Core Infrastructure
$0
2017A
2018A
2019A
2020A
2021A
2022A
2022PF
Enhanced scale and diversity
strengthens Gibson's competitive
positioning
Immediately accretive to DCF per
share
(1) Segment Profit illustratively adjusted for estimated finance leases under IFRS 16 for 2017 to improve comparability with current presentation.
(2) Long-term run rate for Marketing Segment Profit assumes C$80 - C$120mm per year for 2019 forward, where previously the range assumed was C$60 - C$80mm; Marketing Outperformance reflective of earnings above the upper-bound of the Marketing Long-Term Run
Rate where Marketing Long-Term Run Rate and Marketing Outperformance sum to equal Marketing Segment Profit as disclosed in Q4 2022 MD&A.
(3) 2022 average CAD/USD FX rate of 1.3011.
(4) Based on 2022 PF Segment Profit.View entire presentation