Investor Presentaiton

DRU at Hardisty - Overview High-quality infrastructure project leveraging and extending Hardisty position First DRU in WCSB 50%/50% joint venture between Gibson and USD Underpinned by 10-year contract with ConocoPhillips Canada for 50,000 bbl/d of inlet capacity ■ Placed in-service in late 2021 Extension of Hardisty ■ Further improves the Gibson's best-in- class connectivity at Hardisty; sole access point for DRU egress out of WCSB ■ DRU customers require contracted tankage at Gibson's Hardisty Terminal and capacity at HURC Hardisty Terminal and HURC Overview Attractive Future Expansions ■ See first-mover advantage, demonstrating ability to compete directly with pipelines ■ 50,000 bbl/d increments good fit with brownfield oil sands projects Target 5x-7x EBITDA build multiple GIBSON ENERGY INVESTOR PRESENTATION 14 ENBRIDGE MAINLINE ATHABASCA/ ATHABASCA TWIN COLD LAKE / COLD LAKE EXPANSION DILBIT SENT ~4KM FROM HARDISTY TERMINAL TO THE HARDISTY UNIT TRAIN RAIL FACILITY HARDISTY TERMINAL ~5KM DRU & HURC FACILITY CONDENSATE SEPARATED FROM DILBIT AT THE DRU AND RETURNED TO THE HARDISTY TERMINAL ENBRIDGE EXPRESS TC ENERGY KEYSTONE

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