Compounding Long-term Dividends at 5-7% CAGR

2 A B Commercial De-risking Minimize Commodity Exposure ☐ Increase take-or-pay and fee-for-service contracting 2024E Normalized EBITDA1, By Contract Type² Medium-term global exports tolling target of 60%+ Take-or-Pay & Fee-for-Service Active and systematic hedging for any residual commodity exposure 46% 54% Differential & Commodity ■ Lock-in Operating Costs Lock in operating and logistical costs to provide long-term visibility for customers and reduce earnings volatility VLGC time charters 5-yr CN contract • Actively hedge any residual Baltic freight and diesel shipping costs C De-Risk Operations and Supply " Diversify across customer and geographic resource plays Secure long-term LPG export supply agreements ☐ Secure long-term off-take agreements with customers in Asia Long-term Normalized EBITDA¹, By Contract Type² 30% Take-or-Pay & Fee-for-Service Differential & Commodity 70% Notes: 1) Non-GAAP measure; see discussion in the advisories. 2) Differential: merchant unhedged global export; Commodity: frac exposed volumes hedged and unhedged. *See "Forward-looking Information". AltaGas Acute Focus on Reducing Risk Through Strong Commercial Frameworks 54

View entire presentation