Core Energy Infrastructure Holding in Any Portfolio Full Value Chain Across All Commodities Integrated commercial framework wellhead to market Visible Growth 4% to 6% fee-based adjusted EBITDA per share growth* Financial…
Overview of Pembina
Pembinas Stakeholders Customers Investors choose us first for reliable and receive sustainable industry- value-added services leading total returns Employees Communities say we are the employer of welcome us and recognize the net…
Environmental, Social, and Governance (ESG) Highlights GHG Reduction Target EDI Targets(1)(2) ESG Ratings(3) 50% 44% 40% Target 40% 40% Target Target 30% reduction in greenhouse Target gas emissions intensity by 30% Target…
Network of Strategically-Located Transportation and Midstream Assets Strategically-located assets and integrated value chain position Pembina to capture WCSB growth 6
Leading Network of Pipeline Systems(1) 3.0 mmbpd hydrocarbon transportation capacity 10 mmbbl above ground storage capacity Conventional pipelines transport crude oil, condensate, ethane- plus NGL and propane-plus NGL from the…
Extensive Gas Processing, Fractionation, Storage and Export Facilities(1) 6.7 bcf/d gas processing capacity including 504 mmcf/d deep cut processing capacity 115 mbpd condensate stabilization 430 mbpd fractionation capacity 21 mmbbl…
The Pembina Store Natural Gas Value Chain Gas Consumers NGL (LNG Export Terminal under construction) Mainline Extraction NGL Alliance Pembina Gas Infrastructure 3rd Party and Fractionation Pipeline Gathering, Processing,…
Diversified and Highly Contracted Business with 70% Take-or-Pay Division Commodity Type Marketing & Commodity Pipelines NGL Crude Oil & Take-or-Pay / Cost- New Ventures Exposed Condensate of-Service 10% - 20% 10% - 20% 30%…
Purpose, Values, and Strategy Purpose We deliver extraordinary energy solutions so the world can thrive Safe Trustworthy Respectful Collaborative Entrepreneurial Values We care for each other We have each others back We seek to…
Transformational v Catalysts Driving Growth Infrastructure Projects Benefit to Pembina 3 Trigon Pacific (Proposed) 1 Trans Mountain Expansion(1) Bitumen exports drive 3 Fort St John condensate demand met AltaGas REEF 2024 Capacity:…
Executing In-Flight Projects RFS IV 525 million (previously 460 Adds a 55 mbpd C3+ fractionator at the existing million) Redwater fractionation and storage complex, On time, on revised budget bringing total fractionation capacity to…
Redwater is Canadas Premier NGL Fractionation Complex With growing demand and an increase in customer commitments, Pembina sanctioned RFS I: 73,000 bpd C2+ fractionator. RFS IV, a 55,000 bpd expansion of the Redwater Complex RFS II:…
Cedar LNG Overview 3.3 mtpa floating LNG facility in Kitimat, British Columbia, within the Project traditional territory of the Haisla Nation 50.1% Ownership 49.9% Underpinned by 20-year take-or-pay tolling agreements Commercial…
Cedar Pipeline (8.8km) Cedar LNG Marine Terminal LNG Canada Cedar LNG CGL Delivery Point Meter Station to Cedar LNG Cedar Link Pipeline (1.1km) 18
Cedar LNG Economics US4.0 Billion Gross Capital Cost Onshore Infrastructure, Spending Profile IDC & Transaction Owners Costs, and Contingencies Costs FLNG PST Production Unit US0.6 Owners Costs & Other Pipelines 4.0B 1.1B…
Cedar LNG Approach to Mitigate Cost Risk 70% Under Lump-Sum and Date-Certain Contract Onshore Infrastructure EPC contract for Floating LNG (FLNG) unit provides greater certainty over cost, performance and schedule Construction scopes…
Alberta Carbon Grid (ACG) Pembina and TC Energy plan to jointly develop a proposed world-scale CO2 transportation and sequestration system Open-access system to serve Albertas emerging Carbon Capture, Utilization and Storage…
Pembina Low Carbon Complex (PLCC) Proposed industrial complex for low-carbon energy infrastructure Focused on attracting and developing investment for: 1) emerging energy transition technologies (e.g. significant data centre…
Greenlight Electricity Centre Pembina has entered into agreements, with Kineticor and OPTrust, for a 50 percent interest in the Greenlight Electricity Centre Limited Partnership, which is developing large-scale natural gas power…
Strategy Execution Through Capital Excellence To meet To set To be To thrive ourselves Invest in the energy global resilient transition to improve apart Sustain, decarbonize, and the basins in which demand Create a…
Capital Allocation Principles 1 Maintain balance sheet strength Proven track record Priority to maintain strong BBB rating Creates competitive advantage 2 Maintain dividend Core to investment proposition Sustainable, reliable, and…
Project Portfolio Responding to Basin Growth and the Energy Transition 4 Billion of Projects 4 Billion of Projects Early-Stage Projects Currently Underway Under Development Under Evaluation Redwater Complex Expansion (RFS IV) NEBC…
Industry Leading Project Execution Major Projects Placed into Service since 2017 Completed On-Time Completed On-Budget Facilities RFS III Ahead of schedule Under budget Canadian Diluent Hub On time Under budget Duvernay I Ahead of…
2025 Adjusted EBITDA Guidance(1) Increased ownership of Alliance and Aux Sable 4.50B 4.41B Higher contracted and interruptible - 4.20B volumes and higher tolls on conventional pipelines Higher contribution from gas processing…
2025 Capital Program 1.1 Billion Capital Program: RFS IV Expansion NEBC Infrastructure Expansion Wapiti Expansion K3 Cogeneration Facility Information technology enhancements to further continuous improvement initiatives and…
Three Year Outlook(1) 2023 to 2026 Fee-Based Adjusted EBITDA per share Tailwinds 6.55 - 6.90 7.00 Growing volumes and utilization across asset 6.50 base, namely Conventional Pipelines and Gas 6.00 5.82 Services 5.50 New assets…
Three Year Funding Outlook: 2024 to 2026 9.9B 1.6B - - 9.1B (0.2B) 4.0B 5.3B Projects Under Development Cedar LNG Contributions Other Sanctioned Projects (1) Cash Flow from Operating Activities Dividends Capital Free…
Financial Guardrails 2024 2025 (F) Maintain target of 80% fee-based contribution to 85% - 1 84% adjusted EBITDA(1)(2) 90%…
Core Energy Infrastructure Holding in Any Portfolio Full Value Chain Across All Premier natural gas liquids franchise gas processing plus NGL transportation and fractionation infrastructure Commodities Natural gas transport / export…
Endnotes Slide 5: Environmental, Social, and Governance (ESG) Highlights Slide 33: Three Year Outlook (1) Diversity refers to individuals who belong to one of the four designated groups in the Employment (1) Adjusted EBITDA is a non-GAAP…
Non-GAAP and Other Financial Measures Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (adjusted EBITDA) and adjusted EBITDA per Common Share Year Ended Year Ended Year Ended Adjusted EBITDA is a non-GAAP…
Non-GAAP and Other Financial Measures Adjusted EBITDA From Equity Accounted Investees In accordance with IFRS, Pembina's jointly controlled investments are accounted for using equity accounting. Under equity accounting, the assets and…
Non-GAAP and Other Financial Measures Adjusted Cash Flow From Operating Activities and Adjusted Cash Flow From Operating Year Ended Activities per Common Share ( millions, except as noted) Notes December 31, 2024 Adjusted cash flow from…
Non-GAAP and Other Financial Measures Fee-Based Contribution to Adjusted EBITDA Year Ended ( millions, except as noted) Notes December 31, 2024 Fee-based contribution to adjusted EBITDA is a non-GAAP measure defined as the portion of…
Non-GAAP and Other Financial Measures Year Ended ( millions, except as noted) Notes December 31, 2024 Cash Flow After Dividends and Free Cash Flow Cash flow from operating activities 3,214 Cash Flow After Dividends and Free Cash Flow…
Non-GAAP and Other Financial Measures Rating Agency FFO-to-Debt Year Ended Year Ended ( millions, except as noted) Notes December 31, 2023 December 31, 2024 Rating Agency FFO-to-Debt is a non-GAAP ratio defined and used by Pembina…
Non-GAAP and Other Financial Measures Year Ended Year Ended ( millions, except as noted) Notes December 31, 2023 December 31, 2024 Senior Debt Loans and borrowings (current) 650 1,525 Senior debt is a non-GAAP measure and is defined…
Contact Us www.pembina.com Toll Free: 1.855.880.7404 Phone: 403.231.3156 investor-relationspembina.com
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