Investor Presentaiton

Edmonton rail terminal Efficient, strategic egress and optionality Provides strategic optionality and risk reduction Transport flexibility provides increased market access for upstream production Advantaged with low fixed costs and highly efficient and integrated supply chain. ■ Dual-service rail carriers ■ Excess capacity available for third-party throughput Quarterly ERT shipments kbd 150 100 50 50 0 itlituba 2018 2019 $US/bbl 40 20 Shipments K 0 2020 WCS arb Imperial | 2020 56 YEARS 1880-2020

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