Investor Presentation January 2024

Playing A Role In The Energy Transition Transitioning to A Low-Carbon Economy Carbon Capture & Storage Acid gas injection at six of our existing locations Potential to provide CCS services for customer MONTNEY Gordondale Zone 4 BRITISH COLUMBIA Pipestone ⚫ Grand Prairie North G&P Wapiti ALBERTA Legend Keyera gas processing Keyera liquids infrastructure Keyera liquids pipeline KAPS zone 4 (proposed) Emissions Reduction Emissions on intensity and absolute basis lowered by 13.5% and 6% from 2019 to 2022 • Actively exploring co-generation opportunities to further lower our overall emissions Decarbonizing 10% of current commercial power supplied by solar via power purchase agreement (PPA) Signed new carbon-free solution PPA to start in 2025. Combined, these PPAs will account for 40% of Keyera's commercial power needs See slide 21 for notes regarding this slide 3rd party liquids pipeline Decarbonization H Hydrogen CCS/AGI Operations KAPS Simonette 12 Gas Plants OIL SANDS DUVERNAY Keyera Fort Saskatchewan DEEP BASIN South G&P Keylink Rimbey Grand Rapids Polaris Access Narlite Cold Lake Condensate System Cochin Alberta EnviroFuels Southern Lights Clean Fuels Exploring opportunities to help refiners meet CFS requirements using iso-octane Further enhance the value of iso- octane through decarbonization Hydrogen • 1,290 acres of undeveloped land available for H2 development Existing H2 production • Existing H₂ pipeline • Options for H2 cavern storage Solvents . Help decarbonize oilsands production through solvents supply. Solvents include propane and butane 17

View entire presentation