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Investor Presentaiton

Ovintiv™ Delivering on our Strategy Returns Based Strategy Delivering Value to our Shareholders ☑ Industry-Leading Value Proposition Superior ROIC and return of cash to our shareholders Inflection to Higher Cash Returns Today ~$400 MM of shareholder returns in 3Q22¹ Rapid Net Debt Reduction $3.0 B Net Debt to be achieved in '222 Operational Excellence Leading capital efficiency Culture of Innovation D&C execution, supply chain sophistication, cube development Ovintiv™ T Non-GAAP measures defined in advisories. For additional information regarding non-GAAP measures see the Company's website. Note: ROIC reflects Return on Invested Capital 1) Cash returns include base dividends and share buybacks O $100 WTI and $8.00 NYMEX for 2H22. Top Tier Multi-Basin Portfolio >10-yrs premium inventory & multi-product commodity exposure 11
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