Investor Presentaiton

$ Re-affirming capital allocation priorities Remain committed to returning surplus cash to shareholders Dividend per share (paid basis) 1.50 0.75 0.00 2016 2017 2018 2019 2020 2021 2022 Common shares outstanding Millions of shares 900 750 600 2016 2017 2018 2019 2020 2021 ■ Reliable and growing dividend ▷ Dividend increased by 55% since beginning of 2021 ■Low sustaining capital requirements ■ Select, high-return capital-efficient investments in core assets ■ Returning surplus cash to shareholders. ▸ Fully utilize annual NCIB ▷ Supplemental returns, including potential SIB Highly attractive growth opportunities Imperial | 2022 | 65

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