Investor Presentaiton

Downstream investments Strategic investments in low-capital, high-return business Annual capital expenditure¹ forecast $M 600 300 2021 2022 2023 2024 2025 2026 ■Growth/GHG Prior outlook Sustaining Key project spend forecast $M 300 150 0 2022 2023 2024 SPPL ■Strathcona RD 1 See supplemental information for definition ■ Selective investing in refinery slate, production efficiency and resiliency Support and enhance strategic logistics ▷ Market opportunities, access, reliability > Efficiency capture reducing cost to supply Regulatory compliance and opportunities ▷ Biofuel manufacturing and distribution infrastructure > Energy efficiency and emissions reductions Imperial | 2022 | 52

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