Pembina Pipeline (PBA) Investor Presentation - Slideshow

Financial Performance and Strategy - Pembina is committed to maintaining its BBB credit rating[12] - The company has ample liquidity, with $2.5 billion of available cash and borrowing capacity[12] - Pembina has hedged approximately 50 percent of its 2020 and 35 percent of its 2021 frac spread exposure (excluding Aux Sable)[12] - Pembina is continuing to progress work started earlier this year to pursue non-core asset sales in the range of $200 to $500 million[10] COVID-19 Response and Capital Program Adjustments - Deferred some previously announced expansion projects thus reducing 2020 capital spending by $900 million to $1.1 billion, or approximately 40 to 50 percent[10] - Cost savings and efficiencies throughout the business have been implemented - $100 million annually[10] Business Diversification and Contractual Stability - Approximately 80 percent of the Company's credit exposure is with investment grade, split-rated and secured counterparties[12] - The company aims to maintain a target of 80% fee-based contribution to Adjusted EBITDA[22] - The company's business remains supported by significant long-term fee-based contracts, including cost-of-service or take-or-pay contracts with no volume or price risk[12] Revised Capital Program - Will place an additional $1.1 billion of new projects into service in 2020-2021 and defer ~$4.5 billion of investment into future years[49]