Gibson Energy (GEI) investor relations material

Strategic positioning and growth outlook

• Operates critical, best-in-class liquids infrastructure with over 25 million barrels of terminal capacity across North America, including major assets in Edmonton, Hardisty, Moose Jaw, Gateway, and Wink.

• Focused on disciplined, organic infrastructure growth, targeting 7%+ average annual Infrastructure EBITDA per share growth through 2030.

• Plans to deploy up to $1 billion in growth capital over the next five years, with projects including new tanks, pipeline expansions, and dock enhancements.

• Positioned to benefit from rising global oil demand and North American crude exports, with 1 in 4 WCSB barrels handled and significant export market share.

Financial performance and stability

• Maintains strong cash flow visibility with over 95% of infrastructure revenues from take-or-pay and high-quality fee-for-service contracts.

• Infrastructure EBITDA per share grew at a 9% CAGR from 2021–2025 and is targeted to grow at 7%+ CAGR through 2030.

• Leverage ratio at 3.9x and net debt/adjusted EBITDA at 3.8x, with a commitment to maintaining investment grade credit ratings.

• Dividend yield stands at 6.1%, with a track record of consecutive annual increases and a payout ratio below 100% for infrastructure.

Asset highlights and operational excellence

• Hardisty terminal offers scalability, exclusive rail access, and stable cash flows underpinned by long-term contracts.

• Edmonton terminal recently expanded with new tanks and long-term agreements, enhancing connectivity and committed volumes.

• Gateway terminal is the second largest crude export terminal in North America, with post-dredging throughput and market share gains.

• Moose Jaw facility provides diversified product output and expanded tank capacity, supporting upstream and downstream integration.