Tc Energy Corporation · TSX:TRP

Tc Energy — Shareholder Meeting (May 2026)

28 slides from Tc Energy's shareholder meeting presentation, May 7, 2026

  1. Slide 1: 2026 Annual Meeting of Shareholders

    2026 Annual Meeting of Shareholders MEETING WILL START AT 10 A.M. MDT MAY 7, 2026

  2. Slide 2: Welcome

    202 6 ANNUAL ME E T ING O F S HA RE H OL D ER S Welcome TO THE 2026 ANNUAL MEETING OF SHAREHOLDERS MAY 7, 2026 2

  3. Slide 3: Land acknowledgement

    202 6 ANNUAL ME E T ING O F S HA RE H OL D ER S Land acknowledgement MAY 7, 2026 3

  4. Slide 4: Welcome

    202 6 ANNUAL ME E T ING O F S HA RE H OL D ER S Welcome TO THE 2026 ANNUAL MEETING OF SHAREHOLDERS MAY 7, 2026 4

  5. Slide 5: Forward looking information and non-GAAP measures

    202 6 ANNUAL ME E T ING O F S HA RE H OL D ER S Forward looking information and non-GAAP measures This presentation includes certain forward-looking information, including future oriented financial information or financial outlook, standardized meaning as prescribed by U.S. GAAP and therefore may no

  6. Slide 6: Agenda

    202 6 ANNUAL ME E T ING O F S HA RE H OL D ER S Financial statements and auditor’s report Election of directors Appointment of auditor Agenda Executive compensation Announcement of voting results Strategic outlook: François Poirier, President and CEO Q&A 6 MAY 7, 2026

  7. Slide 7: Questions and voting information

    202 6 ANNUAL ME E T ING O F S HA RE H OL D ER S Questions and voting information questions voting Technical Support: 1-403-920-2050 MAY 7, 2026 7

  8. Slide 8: Conduct of meeting

    202 6 ANNUAL ME E T ING O F S HA RE H OL D ER S Conduct of meeting • Appointment of scrutineer (Computershare Trust Company of Canada) • Notice of meeting and votes by ballot • Constitution of meeting MAY 7, 2026 8

  9. Slide 9: Financial statements and auditor's report

    202 6 ANNUAL ME E T ING O F S HA RE H OL D ER S Financial statements and auditor’s report MAY 7, 2026 9

  10. Slide 10: Director nominees

    202 6 ANNUAL ME E T ING O F S HA RE H OL D ER S Director nominees SCOTT BONHAM CHERYL F. CAMPBELL MICHAEL R. CULBERT WILLIAM D. JOHNSON SUSAN C. JONES JOHN E. LOWE DAWN MADAHBEE LEACH FRANÇOIS L. POIRIER UNA POWER MARY PAT SALOMONE SIIM A. VANASELJA THIERRY VANDAL DHEERAJ “D” VERMA 10 MAY 7, 2026 10

  11. Slide 11: Appointment of auditor

    202 6 ANNUAL ME E T ING O F S HA RE H OL D ER S Appointment of auditor KPMG LLP, Chartered Professional Accountants MAY 7, 2026 11

  12. Slide 12: Executive compensation

    202 6 ANNUAL ME E T ING O F S HA RE H OL D ER S Executive compensation Advisory vote on TC Energy’s approach to executive compensation MAY 7, 2026 12

  13. Slide 13: Complete balloting now

    202 6 ANNUAL ME E T ING O F S HA RE H OL D ER S Complete balloting now Item of business Board recommendation Election of directors For Appointment of auditor For Advisory vote on executive compensation For MAY 7, 2026 13

  14. Slide 14: Voting results and conclusion of formal business

    202 6 ANNUAL ME E T ING O F S HA RE H OL D ER S Voting results and conclusion of formal business MAY 7, 2026 14

  15. Slide 15: Chair's closing remarks

    202 6 ANNUAL ME E T ING O F S HA RE H OL D ER S Chair’s closing remarks MAY 7, 2026 15

  16. Slide 16: François Poirier

    202 6 ANNUAL ME E T ING O F S HA RE H OL D ER S PLEASE WELCOME François Poirier President and Chief Executive Officer MAY 7, 2026 16

  17. Slide 17: Celebrating 75 years of connection and leadership

    202 6 ANNUAL ME E T ING O F S HA RE H OL D ER S Celebrating 75 years of connection and leadership MAY 7, 2026 17

  18. Slide 18: Powering a growing energy system

    202 6 ANNUAL ME E T ING O F S HA RE H OL D ER S Powering a growing energy system Our primary approach to serving load growth: Partner with investment-grade utilities to provide incremental gas supply to meet electricity needs LOW-RISK C HARACTERISTICS North America natural gas power demand forecast(

  19. Slide 19: 2025—a year of disciplined delivery and market momentum

    202 6 ANNUAL ME E T ING O F S HA RE H OL D ER S 2025—a year of disciplined delivery and market momentum MAXIMIZE THE VALUE OF OUR EXECUTE OUR SELECTIVE ENSURE FINANCIAL ASSETS THROUGH SAFETY AND PORTFOLIO OF GROWTH STRENGTH AND AGILITY OPERATIONAL EXCELLENCE PROJECTS • Achieved best annual safety •

  20. Slide 20: 2026—building on a proven strategy

    202 6 ANNUAL ME E T ING O F S HA RE H OL D ER S 2026—building on a proven strategy MAXIMIZE THE VALUE OF OUR EXECUTE OUR SELECTIVE ENSURE FINANCIAL ASSETS THROUGH SAFETY AND PORTFOLIO OF GROWTH STRENGTH AND AGILITY OPERATIONAL EXCELLENCE PROJECTS • Achieved best quarterly safety • Announcing ~US$1.5

  21. Slide 21: Living our purpose through our values

    202 6 ANNUAL ME E T ING O F S HA RE H OL D ER S Living our SAFETY IN EVERY STEP purpose I put safety first to protect myself, my teammates, the public and the environment. through our values PERSONAL ACCOUNTABILITY I act with integrity and own my commitments and outcomes. ONE TEAM I am a part of the

  22. Slide 22: Q&A

    202 6 ANNUAL ME E T ING O F S HA RE H OL D ER S Q&A MAY 7, 2026 22

  23. Slide 23: Thank you

    202 6 ANNUAL ME E T ING O F S HA RE H OL D ER S Thank you FOR YOUR TIME MAY 7, 2026 23

  24. Slide 24: Appendix A – Non-GAAP reconciliations – Comparable EBITDA

    Appendix A – Non-GAAP reconciliations – Comparable EBITDA(1) (Millions of dollars) (1) Comparable EBITDA and comparable earnings are non-GAAP measures. See the forward-looking information and non-GAAP/supplementary financial measures slide at the front of this presentation and the Appendix for more

  25. Slide 25: Appendix B – Net Income (loss) to comparable earnings

    Appendix B – Non-GAAP reconciliations – Net Income (loss) to comparable earnings(1) (Millions of dollars, except per share amounts) (1) Comparable earnings and comparable earnings per common share are non-GAAP measures. See the forward-looking information and non-GAAP/supplementary financial measure

  26. Slide 26: Appendix C: Adjusted debt/adjusted comparable EBITDA

    Appendix C: Non-GAAP reconciliations – Adjusted debt/adjusted comparable EBITDA (debt-to-EBITDA) Adjusted debt and adjusted comparable EBITDA are non-GAAP measures used to compute the debt-to-EBITDA multiple. Each of adjusted debt and adjusted comparable EBITDA measures does not have any standardize

  27. Slide 27: Appendix C: Adjusted debt/adjusted comparable EBITDA (debt-to-EBITDA)

    Appendix C: Non-GAAP reconciliations – Adjusted debt/adjusted comparable EBITDA(1) (debt-to-EBITDA) (Millions of dollars) (1) Adjusted debt and adjusted comparable EBITDA are non-GAAP measures. The calculations are based on management methodology. Individual rating agency calculations will differ. (

  28. Slide 28: Appendix D: Unlevered after-tax internal rate of return

    Appendix D: Non-GAAP measures – Unlevered after-tax internal rate of return Unlevered after-tax internal rate of return represents the expected compound annual return of a project or investment, and prior to any assumption of debt and/or equity financing. Unlevered after-tax internal rate of return

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