2019 Annual Meeting of Shareholders Al Monaco President & CEO May 8, 2019 Calgary, AB
Energy improves quality of life
Global energy demand will rise World population Urbanization growth Global middle class +21% +16% +67% 9.1B 64% 5B 7.5B 55% 3B 2017 2040 2017 2040 2017 2040 Source: International Energy Agency, EXXON Mobil View to 2040 4
All supplies are needed to meet growing demand (Mtoe) 16,000 Renewables 14,000 Hydro Nuclear 12,000 10,000 Natural Gas 8,000 6,000 Oil 4,000 2,000 Coal 0 2017 2025 2030 2040 IEA World Energy Outlook 2018: New Policies…
Our story
Safety & reliability are fundamental to our future
Lifecycle relationships
Transition to a lower carbon economy Natural Gas Renewables
Climate Report
Technology is transforming our business
Opportunities for growth
Our people are our future
2018 priorities Safety & operational reliability Achieve budgeted financial results Execute capital program Move to pure pipeline & utility model Strengthen financial position Simplify the business Extend growth beyond 2020
24 consecutive years of dividend increases 10% 3 Year CAGR (2018-2020) 11% 24 Year CAGR (1996-2019) 1996 2018 2019 2020e Long history of providing strong and sustainable dividend growth 15
Canadas energy future
Were building for the future
2019 Annual Meeting of Shareholders May 8, 2019 Calgary, AB