2022 Investor Day Presentation

2022 AND BEYOND A year of maximizing capacity and progress Optimizing Keystone System to date Safe and sustainable operations I • Resulting in increased reliability and unlocking additional capacity MM bbl/d Liquids Pipelines capacity System operating factor % +7% 0.7 Operational excellence 100 92 85 • Increased Keystone System capacity to 622,000 Bbl/d and commercialized 30,000 Bbl/d of long-term contracts 0.6 0.5 Generated strong, stable cash flows with minimal capex requirement 0.4 IIII 80 60 40 2019 2020 20212022E 20192022E Short-term Maximizing Marketlink latent capacity and other Medium-term capital-light opportunities Long-term Nearing completion of Port Neches Link, adding direct connectivity to Motiva's 630,000 Bbl/d refinery Utilization of shorter-term contracts on Marketlink ⚫ SPR refills expected to provide tailwinds • Additional capital-light, last-mile connects Extending long-haul, full-path service across Keystone System & Marketlink 72

View entire presentation