Pembina Pipeline Investor Presentation — February 2021

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February 2021Forward -looking statements and information

This presentation contains certain forward -looking statements and information

(collectively, “forward -looking statements”) that are based onPembina's

expectations, estimates, projections andassumptions inlight ofitsexperience

anditsperception ofhistorical trends aswell ascurrent market conditions and

perceived business opportunities .Insome cases, forward -looking statements

canbeidentified byterminology such as"expects", "will", "would", "anticipates",

"plans", "estimates", "develop", "intends", "potential", "continue", "could",

"forecast", "create", "keep", andsimilar expressions suggesting future events or

future performance .

Inparticular, this presentation contains forward -looking statements, including

certain financial outlooks, pertaining to,without limitation :expectations

regarding adjusted EBITDA ;2021 guidance andthecapital budget ;Pembina's

corporate strategy andthedevelopment andexpected timing ofnew business

initiatives andgrowth opportunities andtheexpected timing thereof ;Pembina's

options forallocating capital, including anypotential common share repurchases

through anormal course issuer bid;expectations regarding global energy

demand ;expectations about industry activities anddevelopment opportunities ;

expectations about future growth opportunities andthedemand forourservices ;

expectations regarding new corporate developments andtheir impact onaccess

tomarkets ;planning, construction, capital expenditure and cost estimates,