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Pembina Pipeline Corp
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July 2026 Investor Presentation
| Michael Garberding | Page 21 of 11 |
October 16, 2026
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"July 2026 Investor Presentation"
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Cedar LNG Project is Trending On-Time and On-Budget Over 80% of costs have been committed to date • FLNG vessel moves from dry dock to wet dock • Cedar Pipeline mechanically complete • Mooring anchors and foundations complete End of 2026 • FLNG vessel sets sail from Korea • FLNG vessel arrives in Kitimat H1 2028 • In-service date Late 2028 Key Construction Milestones Project is under a 70% EPC lump sum agreement which insulates partners from cost overrun risk Project Spending Profile • Marine Terminal mechanically complete End of 2027 Project Significantly Advanced (1) Construction Progress to Date FLNG Vessel: Over 50% complete Capex Performance to Date On-Time and On-Budget 2021 - 2023 2024 2025 2026 2027 2028 20