Investor Presentaiton

Imperial's oil sands technology competes globally 1 Next-generation in situ technologies are game changers Canada a leader in GHG emissions measurement and reporting ■ Kearl oil sands mining is below the global and US upstream averages ■Next-generation in situ oil sands technologies will reduce GHGi significantly Global upstream carbon intensity GHGi of next-generation in situ technologies YEARS 1880-2020 100 50 Global avg. In situ industry avg. United States Global upstream avg. Kearl PFT mining dilbit CSS LASER SAGD SA-SAGD EBRT CSP Masnadi et al., Science, 2018 Sleep et al., Journal of Cleaner Production, 2020 Modified from Boone World Heavy Oil Conference, 2012 Imperial 2020 18

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