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1 2019 Fourth Quarter & Full Year Results March 6, 2020
2019 Fourth Quarter & Full Year Results
Certain statements contained herein constitute forward -looking information and statements (collectively, "forward -looking statem ents"). When used the words "expect", "will", "could", "would", "believe", "continue", "pursue" and similar expressions are
intended to identify forward -looking statements. In particular, this presentation contains forward -looking statements with respe ct to among other things: Adjusted EBITDA Guidance; business and segment objectives, including, but not limited to,
organic growth initiatives, synergies obtained from completed transactions, expansion of the JOURNIETMRewards program, launch of National Fueling Network and the timing thereof, increasing LPG volumes, continued synergy capture and
expansion of More Miles –JOURNIETMin the Caribbean, continued M&A activity and supply infrastructure optimization in the US, successful completion of the 2020 turnaround and expanding low -carbon co -processing at the Burnaby refinery;
forecast growth capital and maintenance capital budgets.. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward -looking
statements. No assurance can be given that these expectations will prove to be correct and such forward -looking statements inclu ded in this presentation should not be unduly relied upon. These forward -looking statements speak only as of the date
of this presentation. Parkland does not undertake any obligations to publicly update or revise any forward -looking statements ex cept as required by securities law. Actual results could differ materially from those anticipated in these forward -looking
statements as a result of numerous risks and uncertainties including, but not limited to, general economic, market and busine ss conditions; industry capacity; competitive action by other companies; refining and marketing margins; the ability of
suppliers to meet commitments; actions by governmental authorities and other regulators including but not limited to increase s in taxes or restricted access to markets; changes and developments in environmental and other regulations; and other
factors, many of which are beyond the control of Parkland. See also the risks and uncertainties described in "Forward -Looking In formation" and "Risk Factors" included in Parkland's Annual Information Form dated March 27, 2019 and in "Forward -
Looking Information" and "Risk Factors" in the Q4 2019 Management’s Discussion and Analysis (“Q4 2019 MD&A”), each as filed o n SEDAR and available on the Parkland website at www.parkland.ca .
Additionally, readers are directed to, and encouraged to read, the 2020 Adjusted EBITDA Guidance Range section of Parkland's press release dated March 5, 2020 and material factors and assumptions contained therein. Parkland believes its
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National Fuel Gas Company