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Investor Presentaiton

Expanded Fractionation Should Push U.S. LPG Supply Higher Large Expansion of U.S. Capacity in 2020 Increased LPG Production Capacity Frac Capacity (MM bbl/d) 11.0 10.0 9.0 3.0 2.5 0.6 0.1 0.2 2.0 8.0 7.0 6.0 1.2 0.3 0.2 1.5 0.3 0.4 0.9 1.0 5.0 0.5 0.1 0.8 0.5 4.0 3.7 3.7 3.8 4.6 5.1 6.0 6.4 6.6 6.9 7.2 8.4 8.6 8.8 3.0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Existing Frac Incremental Frac -Propane Production Major Gulf Coast Processing Constraints Have Eased, Supporting Future LPG Production Growth • Increased processing infrastructure throughput is a key to long-term LPG production growth • 1.5 MMbbl/d of incremental frac capacity was brought online between 2020 and 2022; 600 Mbbl/d expected in 2023 • 0.5 MMbbl/d of incremental y-grade pipeline capacity expected through 2024 . Increased capacity should allow for greater NGL extraction from U.S. gas stream Source: EIA, Platts, Company Reports Propane Production (MMbbl/d) 14
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