Investor Presentaiton

ESG Pillars and Highlights We are proud to help deliver safe, reliable products that fuel the low-carbon economy and improve economic mobility and quality of life domestically and around the world Environmental Safety Governance E Social Member of ONE Future Initiative: committed to a methane emissions intensity target Finding and fixing methane leaks - aerial methane detection program; increased voluntary optical gas imaging for methane leak detection to all of our compressor stations Low Carbon Energy Ventures (LCEV) team actively working on carbon capture projects, pursuing economically viable renewable energy initiatives and partnerships, and evaluating options for hydrogen fuels Promote a safety first culture, with a vision of "Zero is Achievable" Safety is an overlay to short term- incentive compensation framework for all employees Our ES&H Policy provides a framework for integrating safety performance into our core business activities Our ongoing safety programs and trainings are designed to actively engage employees and contractors in all aspects of safety " 73% Board Independence 36% Board Diversity Board-level Sustainability Committee Sustainability metrics included in short- term incentive compensation for all employees Executive compensation aligned with strategic priorities, with emphasis on at-risk pay variable compensation Consistent and ongoing shareholder engagement to discuss business topics, including governance, executive compensation and ESG Our talented and dedicated team is our most valuable resource, and we are committed to their health, safety, and development We seek to create a culture where everyone is empowered to innovate and create shared value - trust, respect, integrity, and accountability are at the forefront of every action and decision Our community engagement programs raise awareness to help prevent potential safety incidents Supplier Code of Conduct in place More information around Targa's efforts in the areas of Safety, Environment, Social and Governance can be found in our 2021 Sustainability Report, available on our website at www.targaresources.com/sustainability. TR TARGA INVESTOR PRESENTATION 22 22

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