Investor Presentaiton

1 & 2 SIGNIFICANT ECONOMIES OF SCALE TO THRIVE IN AN ATTRACTIVE FUEL DISTRIBUTION SECTOR ●Fuel distribution sector remains robust • ⚫ Fuel distribution margins have been attractive and stable ⚫ 2016 U.S. gasoline demand was highest on record at 9.3 MBD • SUN is well positioned to capitalize on sector opportunities • Scale: Over 8 billion gallons a year • Purchase the majority of fuel at bulk and sell at branded prices • Brand Power and Options: Continue to sign up new Sunoco-branded dealers and distributors • Also one of largest distributors of Exxon, Chevron and Valero brands in U.S. • Fragmented industry provides acquisition opportunities on a foundation of organic growth • Focus on fuel distribution makes SUN a compelling investment in a rising, flat or declining fuel demand environment • Rising • Higher fuel demand equates to more gallons sold and more opportunities • Flat or Declining • • Growing excess of U.S. refining capacity provides support for fuel distribution...we are short in a long market Fragmentation provides synergetic acquisition opportunities and allows SUN to further increase our market share SUNOCOLP 00 8

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