2022 Investor Day Presentation

LOOKING BACK AT TC ENERGY'S HISTORY A decade of deliverability $Billions 12 10 1 6.6x* D/EBITDA 1 4.8x* 1 4.9x* D/EBITDA Sold Cartier Wind multiple Sold Ontario natural gas-fired power plants Sold Northern Courier, Columbia Midstream, Coolidge Generating Station Sold TC Hydro, U.S. Northeast Power and Ontario solar assets 7 + SUCCESSFUL HISTORY OF CAPITAL ROTATION • Generated >$11 billion in asset sale proceeds between 2017-2020 Proven ability to delever while growing comparable EBITDA (¹) COLUMBIA PIPELINE GROUP: 8 Acquired CPG (2) 6 4 A STRATEGIC ACQUISITION 6 5 Created one of North America's largest regulated natural gas businesses linking to the most prolific 2 natural gas supply basins 0 4 • 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022E Supported future dividend growth Comparable EBITDA (1) D/EBITDA (1) Comparable EBITDA is a non-GAAP measure. See the forward-looking information and non-GAAP measures slide at the front of this presentation for more information. Segmented earnings is the most directly comparable GAAP measure. Please refer to Appendix A for reconciliations. (2) CPG: Columbia Pipeline Group *Based on S&P credit rating methodology. · Complemented existing regulated assets 21

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