Investor Presentaiton

Q4 2020 Financial Performance ($ in millions) Q4 2020 Q4 2019 Product margin (1) $186.2 $172.8 Gross profit $166.2 $151.0 GDSO 77% Net income (loss) attributable to GLP(2) $4.4 $(0.8) EBITDA (1) (2) $50.2 $47.3 Adjusted EBITDA (1) (2) $49.9 $46.2 Maintenance capex $22.2 $16.6 $7.3 $9.4 Product Margin – Q4 2020 - C-Store & Third-party Rent 27% $186.2M Gasoline Distribution 50% Wholesale 21% Distillates & Residual 13% Wholesale Crude Oil (1%) Wholesale Gasoline and Gasoline Blendstocks 9% Commercial 2% DCF(1) (2) (1) Please refer to Appendix for reconciliation of non-GAAP items. (2) Q4 2020 includes a $7.2 million loss on the early extinguishment of debt related to the October 2020 redemption of the 7% senior notes due 2023. Q4 2020 Drivers vs. Q4 2019 ↑ Higher fuel margins (cents per gallon) in the GDSO segment ↑ More favorable market conditions in Wholesale gasoline and other oils and related products ☑ Decline in gasoline volume in the GDSO segment, primarily due to COVID-19 ↓ Less convenience store activity, primarily due to COVID-19 Decline in bunkering activity in the Commercial segment, primarily due to COVID-19 Product Margin by Segment - Q4 2019/Q4 2020 ($ in millions) $147.1 $143.6 $39.1 $15.4 $10.3 $3.4 Q4'19 Q420 Q4'19 Q4'20 Q4'19 Q4'20 GDSO Wholesale Commercial ↑ Favorable variance ↓ Unfavorable variance 22 GLOBAL

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