Investor Presentaiton

Our winning strategy Focus and deliver Focusing on the 'core' > Get the most out of existing assets > Target industry-leading reliability, cost structure > Capture value from integration > Progress towards ESG targets Return more cash to shareholders > Deliver healthy free cash flow > Strong, growing, sustainable dividend ▸ Share repurchases, cash management "Ensure capital discipline throughout the cycle > Debottlenecking > Selective high-return growth - organic/inorganic ■Remain nimble > Ability to pivot as market dynamics change ▷ Flexibility comes from strong balance sheet, low cost, high reliability 15 K YEARS 1880-2020 Imperial | 2020 72

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