Investor Presentaiton

Targa's System - Integrated NGL Solution Our assets and operations connect natural gas and NGLs to markets with growing demand for cleaner fuels and feedstocks Largest Permian Natural Gas Processor NGL Pipeline Transportation Connects Key Supply to NGL Market Hub in Mont Belvieu Premier NGL Fractionation Footprint in Mont Belvieu Connected to Domestic Petchem Market Large Natural Gas Processing Presence in Other Key Basins Significant Shipper of Natural Gas to Key End Markets Targa's System is Integrated Across the Value Chain Targa's Assets are Positioned for Long-Term Success Growing Permian Basin Production Operate One of the Largest Gulf Coast LPG Export Facilities Increasing U.S. Exports of Natural Gas and LPGs Investing in High-Return Projects That Leverage Integrated System TR TARGA INVESTOR PRESENTATION 4

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