Investor Presentaiton

Complete Transformation of Business Repositioned from diverse mix of business lines to focused energy infrastructure 2014(1) Segment Profit from Terminals & Pipelines and Infrastructure GIBSON ENERGY INVESTOR PRESENTATION Infrastructure Revenue Contractedness 2017(1) 2022(2) 2022 PF(3) ~25% Terminals & Pipelines ~55% Terminals & Pipelines ~75% Terminals & Pipelines ~80% Terminals & Pipelines ~30% Infrastructure Infrastructure Revenues ~50% Take-or-Pay ~65% Infrastructure Infrastructure Revenues ~70% Take-or-Pay (1) Based on Segment Profit; 2014 and 2017 adjusted for estimated finance lease payments to improve comparability with current presentation. 6 (2) Take-or-pay intercompany contracts currently represent approximately 20% of Infrastructure revenues, with the proportion expected to decline over time. (3) Based on 2022 PF Segment Profit. ~80% Infrastructure C ~85% Infrastructure Infrastructure Revenues ~75% Take-or-Pay Infrastructure Revenues ~80% Take-or-Pay

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