Financial Framework and Capital Discipline

MONTNEY Gordondale Zone 4 Pipestone • Grand Prairie North G&P Wapiti BRITISH COLUMBIA ALBERTA --- Legend Keyera gas processing Keyera liquids infrastructure Keyera liquids pipeline KAPS zone 4 (proposed) 3rd party liquids pipeline A Game Changer for Keyera KAPS Ending Decades Long Monopoly OIL SANDS DUVERNAY KAPS Simonette 12 Gas Plants Keyera Fort Saskatchewan DEEP BASIN South G&P Keylink Rimbey Grand Rapids Polaris Norlite Access Cold Lake Condensate System Cochin Alberta EnviroFuels Southern Lights Significantly Improves Our Competitiveness Fully Integrates our value chain Allows to better compete for volumes and earn full-value chain returns Offer customers a much-needed competitive alternative on a newer pipe Positions Keyera for additional future growth opportunities such as Zone-4, frac debottlenecks and expansion Gas Plants N KAPS & Keylink Keyera Fort Saskatchewan Alberta EnviroFuels DO DE Condensate System 14

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