2022 Investor Day Presentation

LIQUIDS STRATEGIC POSITION Leveraging our footprint to connect resilient oil supply to robust markets - -0 BA Highly strategic assets providing access to the largest refining markets in the world, totaling ~14 MM bbl/d capacity Stable supply source from long-life, low-operating-cost assets in the WCSB Long-term commercial structures underpinned by investment-grade counterparties A disciplined focus on safety, operational excellence and innovative stakeholder solutions *Utilization shown excluding future capacity reductions. Source: IHS Markit's Annual Strategic Workbook, 2022 (now a part of S&P Global Commodity Insights), 2022 by S&P Global Inc. All rights reserved. EDMONTON HARDISTY 6 5 WCSB oil supply (MMbbl/d) 3 2 1 Keystone System PADD 2 0 2021 2030 2040 2050 Refining capacity 4 MMbbl/d Refinery utilization* (%) by PADD Our markets Direct delivery STEELE CITY WOOD RIVER 100 PATOKA PADD 3 CUSHING Refining capacity 10 MMbbl/d HOUSTON PORT ARTHUR Access to global markets 80 60 20 88 12 2° 40 415 0 2021 2030 2040 2050 70

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