Globally Connected Infrastructure

2 Commercial De-risking A B Minimize Commodity Exposure ☐ Increase take-or-pay and fee-for-service contracting 2024E Normalized EBITDA¹, By Contract Type Medium-term global exports tolling target of 60%+ Take-or-Pay & Fee-for-Service Active and systematic hedging for any residual commodity exposure 46% 54% Differential & Commodity ■ Lock-in Operating Costs Lock in operating and logistical costs to provide long-term visibility for customers and reduce earnings volatility VLGC time charters 5-yr CN contract • Actively hedge any residual Baltic freight and diesel shipping costs Long-term Normalized EBITDA¹, By Contract Type C De-Risk Operations and Supply " Diversify across customer and geographic resource plays Secure long-term LPG export supply agreements ☐ Secure long-term off-take agreements with customers in Asia Notes: 1) Non-GAAP measure; see discussion in the advisories. *See "Forward-looking Information". AltaGas 30% Take-or-Pay & Fee-for-Service Differential & Commodity 70% Acute Focus on Reducing Risk Through Strong Commercial Frameworks 54

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