Investor Presentaiton

Ontario's Recovery Plan - Scenarios • The 2021 Budget presents two alternative Faster Growth and Slower Growth scenarios that the economy could take over the next several years. Medium-Term Outlook Recovery Plan $ Billions 2021-22 2022-23 2023-24 2024-25 2025-26 2026-27 2027-28 2028-29 2029-30 2030-31 2031-32 5.0 1.2 0.9 0 (5.0) (3.2) (3.6) (4.0) (10.0) (6.9) (7.5) (8.1) (10.5) (11.2) (15.0) (12.0) (14.1) (14.2) (15.2) (20.0) (17.2) (18.2) (20.2) (20.7) (25.0) (23.2) (23.0) (30.3) (25.4) (30.0) 27.7) (33.1) (31.5) (35.0) ■2021 Budget Surplus/(Deficit) Outlook Surplus/(Deficit) under Faster Growth Scenario Surplus/(Deficit) under Slower Growth Scenario (34.9) Ontario 0.8 7

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