Investor Presentaiton

Hardisty Terminal – Best-in-Class Connectivity Replicating Gibson's competitive position not possible and is cost prohibitive Superior Connectivity Flexibility offered by Gibson's existing best-in-class connectivity provides a wide moat at Hardisty Key consideration for customers as it helps production volumes reach market at the best price ■ Gibson's connectivity advantage built over decades and would be impossible to replicate today ■ Due to both cost and difficulties in securing connection agreements with competitors Independent Operator ■ Focused on terminal operation with primary objective of improving customers' market access ■ No preference of where customers bring in or send their crude Cost Focused GIBSON ENERGY 11 Inbound Pipeline Connections (1) (total number) 8 7 7 6 4 GEI Peer A Peer B Peer C Peer D Peer E GIBSON ENERGY Outbound Pipeline Connections(1) (total number) GIBSON ENERGY INVESTOR PRESENTATION 8 7 Leveraging existing interconnectivity results in cost advantage on new opportunities for Gibson relative to competitors 5 4 ■Track record of placing new tankage into service on-time and on-budget Long useful life with limited maintenance capital required 13 (1) Peers include Enbridge, Flint Hills, Husky, Inter Pipeline, and TC Energy (peers are not linked between charts). 1 1 GEI Peer A Peer B Peer C Peer D Peer E

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