Cenovus's Diversified & Resilient Business Model

PROTECTING AND RESTORING THE ECOSYSTEMS WHERE WE OPERATE WATER STEWARDSHIP Committed to developing water management plans for each of our operated assets by year-end 2025. Maintained target-level oil sands freshwater intensity of 0.12 barrels of water per barrel of oil equivalent; evaluating several reduction projects and alternative sources for thermal assets. BIODIVERSITY Reclaimed more than 2,600 well sites since 2019. Restored more than 1,400 km of linear forest features in the Cold Lake caribou range. Planted more than 800,000 trees in 2023 (4.6 million trees since 2016). Note: See Advisory. cenovus ENERGY Kristy cenov 52 62

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