Low Carbon Energy Solutions Investor Update

Strong Balance Sheet Provides Efficient Financing for Growth $750 million revolver with $377 million currently undrawn¹ Current leverage: 3.8x² (Leverage target of 3.5x - 4.0x) Weighted average pre-tax cost of debt: 4.9%³ Current Debt Maturity Schedule ($m) Additional $550 million sidecar 2023 revolver to provide increased liquidity Superior Plus See End notes for further information 2024 2025 $550m 2026 $750m $500m 2027 2028 $813m 2029 4 Acquisition Credit Facility Credit Facility 4.25% CAN Unsecured Debenture 4.5% US Unsecured Debenture 19

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