Cenovus's Diversified & Resilient Business Model

PORTFOLIO OVERVIEW Diverse cash flow streams from multiple jurisdictions Rainbow Lake Northern Corridor Edson Sunrise Christina Lake Foster Creek TLloyd Upgrader & Refinery Clearwater Bruderheim Hardisty Terminal Terminal cenovus ENERGY Lloydminster Superior Refinery Wood River Refinery Borger Refinery LEGEND Conventional Offshore Oil Sands Crude export pipelines White Rose Terra Nova Canadian Refining TU.S. Refining China ASIA PACIFIC Toledo Refinery Lima Refinery Liwan Madura Strait Indonesia 12

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