Investor Presentaiton

Canadian fuel demand update Demand continuing to recover Canadian industry demand (~% of normal*) ||| 90-95% Q4 2021 90-95% Q4 2021 65-70% 70-75% Q4 2021 20-25% 80-85% Q2 2020 Q2 2020 Q2 2020 ■ Canadian economic activity increasing ■ Omicron impacting near-term, potential for continued volatility Gasoline, diesel demand expected to recover to pre-COVID levels ■ Jet demand continues to lag with on-going global restrictions Competitive gains partly offsetting demand impacts *Domestic sales relative to pre-pandemic levels Imperial | 2022 47

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