Investor Presentaiton
Infrastructure Revenue by Contract Structure
Delivered ~20% Infrastructure Revenue CAGR since 2011 driven by Take-or-Pay revenues
Growth in proportion of Take-or-Pay revenues within Infrastructure reflective of capital discipline and adherence to financial
governing principles over the past decade
Stable fee-based component from Infrastructure has been ratable over time, as it is driven by volumes from the oil sands which
show limited variability with commodity prices
Nearly all Infrastructure Revenue underpinned by long-term contracts with investment grade counterparties given operational
nature and scale of business required to operate an oil sands project
Growth in Infrastructure Revenue by Contract Structure (1,2)
(Infrastructure Revenue in C$mm, % of Infrastructure Revenue)
GIBSON ENERGY INVESTOR PRESENTATION
Total % of Infrastructure Revenue from Take-or-Pay and Stable-Fee-for-Service Contracts
98%
95%
96%
97%
95%
84%
Total Infrastructure Revenue
$800
$700
$600
70%
70%
$500
$400
Other
Stable-Fee-for-Service
$300
Take-or-Pay
$200
$100
$0
2011A
2012A
2013A
8
2014A
2015A
2016A
95%
>97%
>97%
>97%
>97%
Gateway
2017A
2018A
2019A
2020A
2021A
2022A
2022PF
(1) Approximately 20% of current take-or-pay Infrastructure revenues and 35% of current total Infrastructure revenues from intercompany payments.
(2) Based on 2022 PF Revenue.View entire presentation