2022 Investor Day Presentation

2022 20 26 E COMPARABLE EBITDA (1) OUTLOOK Fully sanctioned 6% comparable EBITDA (1) CAGR $Billions 14 12.5 12 CAGR 6% 10 9.7 80 6 4 2 0 OOOOO + Reflects current portfolio of high-quality, secured projects expected to enter service by 2026 OOOOOO 0000 00000 OOOOO 00000 OOOOO 00000 000000000 0 00000 00000 0 00000 2022E 2026E Canadian Natural Gas Pipelines U.S. Natural Gas Pipelines Mexico Natural Gas Pipelines Liquids Pipelines Power & Energy Solutions + ~95% from regulated and long-term contracted assets + Additional growth expected from: ● Ongoing in-corridor expansions, extensions and modernization programs Energy transition opportunities Optimization of latent capacity (1) Comparable EBITDA is a non-GAAP measure. See the forward-looking information and non-GAAP measures slide at the front of this presentation for more information. Average foreign exchange assumption USD/CAD: 1.31 Note: Figures do not include impact of potential asset sales. 31

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