Gibson Energy Snapshot (TSX: GEI) Critical crude infrastructure tied into long life plays essential for market access and underpinned by stable, high quality cash flows Corporate Leading North American Highly Contracted Committed to…
Why Invest in Gibson Leading North American liquids infrastructure platform positioned to capture both short-term and long-term growth opportunities Favorable Macro Environment Supports long-term growth, positioning Gibson for…
Focused and Disciplined Strategy Premier crude oil Infrastructure assets underpin compelling per share value proposition Crude Oil Crown Jewel Infrastructure Focus Asset Base Growth Positioned to capitalize on increased Optimize the…
Long-Term Demand for Oil and Energy Security Will Fuel Growth Critical, crown-jewel assets positioned to capitalize on increased global oil demand and growing North American exports Global Oil Supply and Demand(1) Oil Consumption per…
Best-in-Class, Strategically Located Liquids Infrastructure Assets Over 25 mmbbl of terminal capacity supporting critical North American crude egress; 90% of segment profit from Infrastructure Hardisty (13.5 mmbbl tankage) 2024A Segment…
Compelling Infrastructure EBITDA per Share Growth Steady growth driven by Infrastructure platform with Marketing upside Infrastructure Adj. EBITDA/Share and Infrastructure Adj. EBITDA(1) (C/share) GEI 3.37 Peer Average(2) 2.96…
Gibson Total Shareholder Return (2019-Present)(1) Since 2019, Gibson has a total shareholder return of 95%, comprising both attractive dividends and steady cash flow growth (%) TSR: 95% 120 95% 80 Dividend 68% & Dividend 40…
Gibson: Evolution Over Last 5 Years Completed transition to focused Infrastructure company, doubling storage capacity and Infrastructure EBITDA since 2019 25.1 13.7 mmbbl Expanded Crude Oil Infrastructure Footprint mmbbl 83%…
Key Growth Drivers: 2025 Driving meaningful Infrastructure results through focused project execution Increase Loading Increase Market Producer Tank Optimization Capacity Access Partnerships Expansion Dredging Cactus II Connection…
Key Growth Drivers: Beyond 2025 Over 1 billion of identified potential growth projects driven by the critical nature and strategic location of our core assets Hardisty Gateway Edmonton Complementary Growth (350+ mm) (500+ mm) (200+…
Canadian Infrastructure
Western Canada Oil Supply Growth Outlook 600 kbbl/d of incremental oil supply growth forecasted through 2028, enhancing the value of Gibson's Infrastructure footprint Incremental Capacity by Operator / Project Through 2028 (1) (kbbl/d)…
Hardisty Terminal Dominant land position in the Hardisty footprint with a long history of operations and the optionality for continued growth Essential Location Touches 1 in 4 barrels in the WCSB; with capacity to double footprint…
Hardisty DRU High-quality infrastructure project is the first DRU in the WCSB, leveraging and extending Hardisty position Superior Connectivity: Extension of Hardisty Further improves Gibsons best-in-class connectivity at Hardisty;…
Edmonton Terminal Attractive terminal position, with two new tanks recently placed in-service Essential Location Heart of the Edmonton Industrial Area, next to two major refineries Superior Connectivity Mainline, TMX Lines 1 and…
Edmonton Three TMX-Connected Tanks Expanded asset base at Edmonton to meet demand from new TMX shippers Overview Gibson % of TMX Line 2 Heavy Volumes (1) (%; kbbl/d) Description: Two new 435,000 bbl tanks in 2024 and one new 435,000…
Edmonton Gibson & Baytex Strategic Partnership Creating purpose-built solutions for customers to expand crude footprint Overview Description: Strategic partnership with Baytex to develop liquids infrastructure in the Duvernay o…
Gateway Overview
Gateway: Track Record of Sustained Growth Gateway has doubled U.S. crude oil export market share between first full year of operations and completion of dredging Gateway Crude Oil Export Volumes (kbbl/d)(1) 685 581 598 Permian…
Gateway: Advantaged Access in Premium Corpus Christi Market Critical downstream export value chain connectivity from key, highly utilized and contracted long haul Permian pipelines NM OK Ingleside is the lowest cost USGC export…
Permian Supply Driving U.S. Crude Exports U.S. crude export growth connecting to core demand from Europe and Asia and emerging demand from Africa and the Americas Permian Crude Oil Supply(1) (mmbbl/d) U.S. is the worlds 3rd largest…
Gateway Operational Advantages Purpose-built, locationally advantaged terminal to meet customer needs Two Deep Water VLCC-Capable Vessel Docks Maximum allowable 52 departure draft allows for loading VLCCs up to 1.6 mmbbls and the…
Gateway Economic Advantages Gateway represents the most economic U.S. crude oil export logistics solution under all market conditions 2025 Gateway Volumetric Records Customer-focused fungible storage system differentiates Gateway…
Positioning GEI for Sustainable Growth and Increased Market Share Cactus II connection and dredging projects will further increase Gateway competitiveness and unlock new export opportunities Gateway Corpus Christi Market Share (1)…
Key Gateway Milestones Track record of successful execution since acquisition in 2023 Enhanced Quality of Cash Flow with Contract Extensions Refreshed initial five to seven-year tenor on multiple contracts, at or above existing rate…
Robust, Multi-Year Pipeline of Future Growth Opportunities Ability to expand tank footprint by 50-60% and increase export capacity by 500,000-750,000 barrels per day 5060% storage expansion within site footprint to support Permian and…
Financial Summary
Financial Governing Principles Gibson maintains a strong financial position by adhering to existing targets Committed Target Performance (2024A) Highly Secured 80% of Infrastructure revenues from take-or-pay and high- 95%…
Disciplined Approach to Capital Allocation Priority remains to fund the business and then return capital when business is fully-funded 71% Fund 60% 61% Target payout ratio of 70-80% over the long-term(1) Dividend Dividend to be fully…
Stable Infrastructure Revenue Driven by Contract Structure Delivered 20% Infrastructure Revenue CAGR since 2011 driven by Take-or-Pay revenues Growth in proportion of Take-or-Pay revenues within Infrastructure reflective of capital…
Adjusted EBITDA Growth Driven by Infrastructure Steady growth driven by Infrastructure platform with Marketing upside Adjusted EBITDA and Adjusted EBITDA/Share Growth(1) (Cmm; C/share) Marketing 610 700 590 4.50 Infrastructure 600…
Marketing Upside Accelerates Infrastructure Reinvestment Asset backed marketing business creates value for customers by leveraging access to infrastructure across North America Key Drivers Performance Levers Marketing Adjusted EBITDA…
Distributable Cash Flow Growth Since 2019, DCF has delivered a 4% CAGR, with DCF per share increasing at a 2% CAGR(1) DCF 450 3.00 DCF per Share 2.57 2.44 2.31 2.50 350 2.08 2.05 1.99 2.00 250 1.50 1.00 150…
Steady, Long-Term Dividend Growth with Attractive Yield Sustainable, increasing dividend underpinned by stable, long-term Infrastructure cash flows Dividend per Share and Payout(1) Top 50 Dividend Yields Among S&P/TSX Composite Index…
Attractive Total Return Proposition Reconfirming commitment to existing financial objectives 1 Billion 5 7x 5-Year Growth Build Capital Pipeline Multiple 5%+ 7 8% Yield Up to 5% Annual Infrastructure Resulting in a Compelling…
Safety, People & Sustainability
Safety is Foundational at Gibson Uncompromising view on health and safety Committed to continually improving our safety performance and enhancing our safety culture Industry leading safety performance o Recording over 9.5 million…
Ownership Mentality People, execution and ownership mentality Ownership Mentality Increased alignment of director and employee interests with shareholders through share ownership Pride, Quality Experienced team who take pride in…
Sustainability Performance Gibson remains focused on being a strong corporate citizen Gibson Ratings vs. Direct Peers (1) AAA AAA A- AAA is best Grade; MSCI AA MSCI Rating 2024 CDP Score AA A- CDP Score A is best…
Appendix
70+ Years in Business Long history of supporting the energy industry in key strategic hubs across North America 1950s & 1970s & 1990 2020s & 1953 1960s 1980s 2020 Beyond Creation of Gibson Construction of first Expansion of…
Crude Oil Vessel Classes Three primary vessel classes provide global crude oil shipping Very Large Crude Carrier (VLCC) Suezmax Aframax Capacity 2.0-2.2 million barrels 1.0-1.1 million barrels 0.7-0.8 million barrels % of U.S.…
Sustainability Targets 2 02 5 TARG ET 2 03 0 TARG ET OV ER A L L G HG IN T EN SI T Y Reduce our overall greenhouse gas intensity 15% 20% P RO CE S SI N G G H G I N T E N S I T Y T A RG E T Reduce our aggregate greenhouse gas intensity…
Liquidity and Debt Maturity Profile Significant available liquidity and staggered debt maturity profile Maturity Profile (as at Q2/25) (Cmm) Senior 1B BBB rating Sustainability Linked Credit Facility(1) 1,000 BBB (low) rating…
Specified Financial Measures Specified Financial Measures This presentation contains references to certain non-IFRS financial measures and ratios and indus try measures that are used by the Company, as indicators of fin an cial…
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