Our Platform Coal One of Canadas largest publicly traded 4,930 MW power generator & marketer with over 100 years of operating experience Gas Diversified asset base with 64 facilities 1,447 MW strategically positioned in Canada,…
Strategic Focus Operational Excellence Strong Availability across the fleet Lower mining, operating & outage costs at Alberta coal 3-year maintenance agreement with Alstom Productivity improvements at the plants & mine…
Strategic Focus Growth and Optionality 650 million in committed long-term contracted growth underway, adding 90 million of EBITDA in 2017 Potential opportunity to life extend Alberta coal through CCS and coal-to- gas…
Strategic Focus Financial Strength and Stability 500 million in debt reduction in 2014 with a plan to reduce debt by a further 300 - 500 million in 2015 Leverage TransAlta Renewables as a source of equity through the drop down of…
Hedges Mitigating Impact of Weaker Power Prices Total portfolio contractedness Alberta MW Well hedged through 2015 88% 81% 77% 68% 6,000 Hedge levels assume normal wind and hydro volatility 5,000 Positioned for upside from 4,000…
Environmental Strategy Canadian federal regulations amended in 2012 designate useful life of coal plants as 50 years Weighted average life of TransAltas Alberta coal fleet is 17 years Flexibility provisions enabling unit substitution…
Proven Track Record of Growth Capital Invested in Growth M 650M in committed capital 90M in incremental EBITDA 4.0 billion of growth during last five years 650 million of growth underway 9
Significant Near to Medium-term EBITDA Growth Significant EBITDA Increase from Committed Growth and Post Alberta PPA Upside M 1,800 1,700 1,600 1,500 Upside at 75/MWH 1,400 Upside at 65/MWH 1,300 Upside at 55/MWH 1,200…
Potential Investment Opportunities Gas-fired Gas-fired well positioned to meet 3,000 MW + of additional generation required in Alberta by 2020 Sundance 7, low cost option in our portfolio Saskatchewan and B.C. require additional…
Options for Life Extension of Canadian Coal Assets Carbon Capture & Storage has significant potential Evaluating coal to gas conversions Flexibility under Federal GHG legislation allows optimization of cash flows across the…
Recent Accomplishments 500 million reduction in net debt Debt Maturity Schedule since YE 2013 M 800 Rating agencies have all re- affirmed our investment grade in 2014 600 As at Dec. 31, 2014, 1.6 billion in liquidity. 500…
Strengthening our Financial Position Deliver FFO / Debt target in 2015 Financing options / flexibility using TransAlta Renewables and out sources of funding Ability to meet all obligations including sustaining dividend and investment…
Funding Growth and Debt Reductions TransAlta will use RNW as an efficient way to fund South Hedland and other growth opportunities at TransAlta Committed Funding Requirements (2015 - 2017) millions Low High Debt Reductions (300) -…
Strategic Flexibility Leveraging TransAlta Renewables Sponsored vehicle to own long-term contracted assets TransAlta Public Access lower cost funding and enhance returns for contracted assets Release capital to TransAlta as…
Significant Inventory of Drop-Down Opportunities Alberta Hydro 13 units, representing 90% of Albertas hydro 60 - 120 mm EBITDA Six power stations with long-term contracts Australia Business 270 km gas pipeline 100 mm EBITDA…
Long-term Upside Potential Potential incremental annual Significant potential upside EBITDA from Alberta PPAfacilities once the Alberta legislated 1,000 PPAs expire Incremental EBITDA M Alberta prices have 800 averaged…
Investment Proposition Diversified and highly contracted portfolio Significant near and long-term EBITDA growth Well positioned for growth in markets with strong fundamentals Diversified and low cost portfolio provides greatest…
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