Pembina Pipeline Corporation Hosting 2024 Investor Day

Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) will hold its 2024 Investor Day today in Toronto, Ontario, beginning at 8:30 a.m. ET. At the event, Pembina's officer team will provide an overview of the business and the outlook for the Company amidst transformational changes in the western Canadian energy industry.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240516057088/en/

Highlights from the 2024 Investor Day include:

• Pembina’s corporate strategy is designed to build upon its strengths by continuing to invest in and grow the core business in response to growing energy demand and the important role Canada plays in ensuring global energy supply and security. Pembina also continues to drive long-term resilience by leveraging its assets and expertise into new service offerings that enable the transition to a lower-carbon economy.
• Pembina’s core business, at the centre of the western Canadian energy industry, positions the Company to benefit from multi-year volume growth expected through the balance of the decade driven by transformational developments that include completion of the Trans Mountain Pipeline expansion, new West Coast LNG and NGL export capacity, and new petrochemical facilities creating significant demand for ethane and propane.
• Multi-year financial outlook through 2026 reflecting the expectation of 4% to 6% compound annual growth of fee-based adjusted EBITDA per share, $2.2 billion to $4.0 billion of capital expenditures and contributions to equity accounted investees, and demonstration of Pembina’s ability to sustain a self-funding model over that time period.
• Cedar LNG continues to progress development in anticipation of a final investment decision in June 2024. The Cedar LNG project aligns squarely with Pembina’s strategy, offers attractive economics, and is supported by a contracting strategy that prudently mitigates cost risk.

A live webcast of the conference call can be accessed on Pembina's website at www.pembina.com under Investor Centre, Presentation & Events, or by entering: https://pembinainvestorday.can.chime.live/app/ in your web browser. A copy of the presentation and an archive of the webcast will be available on the website.