REPORT TO SHAREHOLDERS | 1. About Pembina | 2 | | --- | --- | | 2. Financial & Operating Overview | 3 | | 3. Segment Results | 7 | | 4. Liquidity & Capital Resources | 23 | | 5. Share Capital | 27 | | 6. Capital Expenditures | 29 | | 7. Selected Quarterly Information | 30 | | 8. Selected Equity Accounted Investee Information | 33 | | 9. Other | 34 | | 10. Accounting Policies & Estimates | 36 | | 11. Non-GAAP & Other Financial Measures | 37 | | 12. Abbreviations | 41 | | 13. Forward-Looking Statements & Info ...

Pembina Pipeline Corporation (NYSE:PBA) Q1 2023 Earnings Conference Call May 5, 2023 10:00 AM ET Company Participants Cameron Goldade - Chief Financial Officer Scott Burrows - President & Chief Executive Officer Jaret Sprott - Senior Vice President & Chief Operating Officer Janet Loduca - Senior Vice President, External Affairs & Chief Legal & Sustainability Officer Stuart Taylor - Senior Vice President & Corporate Development Officer Chris Sherman - Senior Product Manager, Amplify Life Insurance Conference ...

21 Maintained and grown dividend since 1998 $3.75B • Higher volumes and inflation adjusted tolls on conventional pipelines and fractionation facilities $3.80B - $3.50B • Full year contribution from PGI and higher volumes at PGI's gas processing assets • Higher contributions from Cochin Pipeline and smaller assets including Vancouver Wharves and Jet Fuel Pipeline • Lower realized losses on commodityrelated derivatives • Lower contribution from the marketing business, including Aux Sable $3.43B $3.28B 2020 20 ...

Table of Contents Table of Contents About Pembina Pipeline Corporation Pembina Pipeline Corporation is a leading energy transportation and midstream service provider that has served North America's energy industry for more than 65 years. Purpose We deliver extraordinary energy solutions so the world can thrive Values Strategic priorities To be resilient... Sustain, decarbonize, and enhance our businesses To thrive... Invest in the energy transition to improve the basins in which we operate To meet global de ...

Financial Data and Key Metrics Changes - Pembina reported fourth quarter adjusted EBITDA of $925 million, a decrease of $45 million or 5% compared to the same period last year [22] - Full year adjusted EBITDA reached a record $3.746 billion, which was 9% higher than in 2021 [34] - Earnings for the fourth quarter were $243 million, representing a $163 million or 204% increase over the same period last year [33] - Cash flow from operating activities for the full year was $2.93 billion, an 11% increase compared to 2021 [34] Business Line Data and Key Metrics Changes - The Marketing & New Ventures business experienced lower margins on NGL sales, partially offset by higher margins on crude oil sales [22] - Total volumes for the fourth quarter were 3.392 million BOE per day, a decrease of approximately 1% year-over-year, primarily due to declines in the Pipelines and Facilities divisions [23] - The company successfully secured incremental volumes through fee-for-service firm contracts with existing customers at key facilities [19] Market Data and Key Metrics Changes - The company noted that the existing facility is highly utilized, necessitating the expansion of RFS IV to meet customer demand [21] - The Northern Pipeline has resumed service at reduced operating pressure, with limited capacity contingent upon integrity assessments [36] Company Strategy and Development Direction - Pembina's strategy focuses on sustaining, decarbonizing, and enhancing its business while investing in energy transition projects [44][74] - The company aims to transform and export products to meet global demand, with a focus on higher-margin products from the Western Canadian Sedimentary Basin [45] - Pembina is committed to executing its strategy within its financial guardrails, ensuring solid per-share growth and exceptional returns to investors [77] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about continued growth in the Western Canadian Sedimentary Basin, supported by major third-party egress projects [69] - The company reiterated its 2023 adjusted EBITDA guidance range of $3.5 billion to $3.8 billion, reflecting a 5% increase in contributions from its fee-based business [35] - Management acknowledged ongoing economic and geopolitical uncertainties but remains confident in the resilience of its core business [138] Other Important Information - Pembina announced a capital program of approximately $800 million for 2023, reflecting incremental spending related to new revenue-generating infrastructure [67] - The company raised its common share dividend by 3.6% and repurchased $350 million in common shares [64] Q&A Session Summary Question: What is the outlook for marketing in the current environment? - Management indicated that marketing results are tracking slightly ahead of budget due to favorable market conditions [51] Question: Does Pembina have the in-house talent to execute on decarbonization? - Management confirmed that they are building in-house expertise while also considering joint ventures and acquisitions to accelerate execution [90] Question: What is the expected return on capital for RFS IV? - Management stated that RFS IV is expected to compete similarly to previously sanctioned projects, benefiting from existing infrastructure [140] Question: How does Pembina plan to manage construction cost risks? - Management is evaluating options for a lump sum EPC contract to mitigate risks associated with construction costs [103] Question: What is the company's strategy regarding energy transition projects? - Management views energy transition projects as opportunities and is focused on leveraging its existing capabilities to participate in these new markets [98]

Exhibit 99.1 Pembina Pipeline Corporation Reports Results for the Fourth Quarter and Full Year 2022, Provides Business Update, and Declares Quarterly Common Share Dividend All financial figures are in Canadian dollars unless otherwise noted. This news release refers to certain financial measures and ratios that are not specified, defined or determined in accordance with Generally Accepted Accounting Principles ("GAAP"), including net revenue; adjusted earnings before interest, taxes, depreciation and amorti ...

Pembina Pipeline Corporation (NYSE:PBA) Q3 2022 Earnings Conference Call November 4, 2022 10:00 AM ET Company Participants Cameron Goldade - CFO Scott Burrows - President, CEO Jaret Sprott - SVP, COO Janet Loduca - SVP, External Affairs and Chief Legal and Sustainability Officer Conference Call Participants Stephen McGee - JPMorgan Robert Hope - Scotiabank Robert Catellier - CIBC Capital Markets Ben Pham - BMO Capital Markets Linda Ezergailis - TD Securities Robert Kwan - RBC Capital Markets Patrick Kenny - ...

REPORT TO SHAREHOLDERS Third Quarter 2022 MANAGEMENT'S DISCUSSION AND ANALYSIS Table of Contents | 1. About Pembina | 2 | | --- | --- | | 2. Financial & Operating Overview | 3 | | 3. Segment Results | 7 | | 4. Liquidity & Capital Resources | 25 | | 5. Share Capital | 28 | | 6. Capital Expenditures | 31 | | 7. Selected Quarterly Information | 32 | | 8. Selected Equity Accounted Investee Information | 34 | | 9. Other | 36 | | 10. Accounting Policies & Estimates | 37 | | 11. Risk Factors | 38 | | 12. Non-GAAP ...

Pembina Pipeline Corporation (NYSE:PBA) Q2 2022 Results Conference Call August 5, 2022 10:00 AM ET Company Participants Cameron Goldade - CFO Scott Burrows - President, CEO Jaret Sprott - SVP, COO Stu Taylor - SVP, Marketing, New Ventures & Corporate Development Officer Conference Call Participants Andrew Kuske - Credit Suisse Jeremy Tonet - JP Morgan Linda Ezergailis - TD Securities Matthew Weekes - IA Capital Markets Robert Catellier - CIBC Capital Markets Rob Hope - Scotia Bank Robert Kwan - RBC Capital ...

REPORT TO SHAREHOLDERS | 1. About Pembina | 2 | | --- | --- | | 2. Financial & Operating Overview | 3 | | 3. Segment Results | 7 | | 4. Liquidity & Capital Resources | 26 | | 5. Share Capital | 30 | | 6. Capital Expenditures | 32 | | 7. Selected Quarterly Information | 33 | | 8. Selected Equity Accounted Investee Information | 35 | | 9. Other | 36 | | 10. Accounting Policies & Estimates | 37 | | 11. Risk Factors | 38 | | 12. Non-GAAP & Other Financial Measures | 39 | | 13. Abbreviations | 43 | | 14. Forward ...