Investor Presentaiton

Downstream investments Efficient, strategic investments in low-capital, high-return business Capital expenditures KC YEARS 1880-2020 $M 700 350 0 2015- 19 2020 2021 OL 2022 2023 2024 2020- 24 2020 Plan 2019 Plan ■ Selective investments in refinery slate, production, efficiency and resiliency Support and enhancement of strategic logistics > Efficiency capture > Market opportunities, access and reliability Regulatory compliance and opportunities > Biofuel infrastructure > Cogeneration > Energy efficiency > Emissions reductions Imperial 2020 53

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