Investor Presentaiton

Sept. 30, 2020 debt to capital Advantaged access to capital Supported by industry-leading credit rating Debt-to-capital has remained at a low level, absolute and relative to peers ■ No additional debt to date in 2020 Multiple sources of low-cost liquidity Support for key priorities - sustaining capital and dividend Optionality to pursue potential highly- attractive growth opportunities % 50 50 25 25 KC YEARS 1880-2020 0 Imperial Cenovus Suncor CNRL Husky S&P credit ratings AA BBB- BBB+ BBB BBB Imperial | 2020 64

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