Pembina Pipeline (PPL) Investor presentation summary

Strategic growth and value creation

• Focused on the 3Cs strategy: Capture premier resource plays, Connect core commodities to coastlines, and Catalyze new demand platforms in key markets.

• Integrated value chain across all commodities, supporting visible 5-7% fee-based adjusted EBITDA per share growth to 2030.

• Growth projects are funded within free cash flow and financial guardrails, emphasizing a low-risk business model with long-term, take-or-pay contracts.

• Track record of on-time and on-budget project execution, with over $6 billion in major projects delivered since 2017.

Asset base and market positioning

• Operates a fully integrated wellhead-to-market infrastructure across oil, natural gas, condensate, and NGLs, with significant scale and reach.

• Strategic assets positioned to capture Western Canadian Sedimentary Basin (WCSB) growth, including pipelines, gas processing, fractionation, storage, and export facilities.

• Superior market access within Canada, North America, and globally, supporting Canada's energy ambitions.

Major projects and growth initiatives

• ~$5 billion of projects under construction, including Cedar LNG, Greenlight Electricity Centre, and Heartland Extraction Plant.

• Cedar LNG project is on-time and on-budget, with over 80% of costs committed and a 70% EPC lump sum agreement to mitigate cost overrun risk.

• Greenlight Electricity Centre is a large-scale, long-term contracted gas-to-power project serving data centers, with annual adjusted EBITDA of ~$310 million (net).

• Heartland Extraction Plant will supply Dow with ethane, leveraging Pembina’s integrated value chain and supporting Alberta’s petrochemical growth.