Parkland Investor Presentation — November 2019

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2019 Third Quarter Results

Certain statements contained herein constitute forward -looking information and statements (collectively, "forward -looking statements") .When used thewords "expect", "will", "could", "would", "believe", "continue", "pursue" and similar expressions areintended toidentify forward -looking

statements .Inparticular, thispresentation contains forward -looking statements with respect toamong other things :Adjusted EBITDA Guidance ;business andsegment objectives, including organic growth initiatives, growth ofsupply andtrading business intheU.S.andCaribbean, expansion

ofcardlock and propane businesses, growth opportunities inLPG, aviation, retail, commercial and wholesale intheSolbusiness ;capital and maintenance expenditure forecasts ;strategic marketing and operational efforts toincrease fuelvolume ;launch ofJOURNIE™ Rewards andCIBC

partnership ;synergies inconnection with theacquisition ofTropic Oil;preparations forthe2020 turnaround ;HDRD blending activities ;and supply improvement and optimization and plans and objectives oforinvolving Parkland .These statements involve known and unknown risks,

uncertainties andother factors thatmay cause actual results orevents todiffer materially from those anticipated insuch forward -looking statements .Noassurance canbegiven thatthese expectations willprove tobecorrect andsuch forward -looking statements included inthispresentation

should notbeunduly relied upon .These forward -looking statements speak only asofthedate ofthispresentation .Parkland does notundertake anyobligations topublicly update orrevise any forward -looking statements except asrequired bysecurities law.Actual results could differ

materially from those anticipated inthese forward -looking statements asaresult ofnumerous risks anduncertainties including, butnotlimited to,general economic, market andbusiness conditions ;industry capacity ;competitive action byother companies ;refining andmarketing margins ;the

ability ofsuppliers tomeet commitments ;actions bygovernmental authorities andother regulators including butnotlimited toincreases intaxes orrestricted access tomarkets ;changes anddevelopments inenvironmental andother regulations ;andother factors, many ofwhich arebeyond

thecontrol ofParkland .See also therisks and uncertainties described in"Forward -Looking Information" and "Risk Factors" included inParkland's Annual Information Form dated March 27,2019 and in"Forward -Looking Information" and "Risk Factors" intheQ32019Management’s

Discussion andAnalysis(“Q32019MD&A”), each asfiled onSEDAR andavailable ontheParkland website atwww .parkland .ca.

Additionally, readers aredirected to,andencouraged toread, the2019 Adjusted EBITDA Guidance Range section ofParkland's press release dated November 4,2019 andmaterial factors andassumptions contained therein .Parkland believes itsestimation ofannual Adjusted EBITDA based