2022 Investor Day Presentation

BALANCED AND MANAGEABLE 2022- 2026 Long-term debt maturity profile. $Billions 3.0 Strong and balanced debt profile + Low sensitivity to interest rate changes 2.0 1.0 0.0 2022 2023 2024 2025 2026 USD FX CAD Average foreign exchange assumption USD/CAD: 1.31. + ~85% of long-term debt is fixed rate Average term of ~20 years to final maturity 37

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