Recent Developments Russ Girling, President & CEO 3
Highlights Delivering Results, Positioned for Growth TransCanada well-positioned for sustained, long-term growth 64 billion in high-quality assets across North America allows TransCanada to take advantage of unprecedented…
First Quarter 2015 Highlights Comparable earnings were up 10 per cent over Q1 2014 to 465 million or 66 cents per share Comparable EBITDA was also up 10 per cent to 1.5 billion and funds generated from operations were up five per…
NGTL System Expansions Poised to almost double NGTL rate base with nearly 7 billion of new supply and demand facilities being developed NEB regulatory applications filed in Q1 2015 to advance several projects, process will…
NGTL North Montney Project National Energy Board recommended approval of North Montney project in April 2015 1.7 billion natural gas pipeline would provide substantial new capacity on the NGTL System to meet the needs of the…
West Coast LNG Pipeline Projects Expect decisions on PRGT B.C. Oil and Gas Commission permits in Q2 2015 Continue to work with Progress/Petronas and our contractors refining project costs in anticipation of an FID later this…
Energy East Pipeline Project Qubec Atlantic Canada 400 kbbl/d 435 kbbl/d U.S. PADD I 1,200 kbbl/d In early April TransCanada decided not to build a marine terminal and associated tank terminals at Cacouna, Qubec.…
Keystone XL Continue to work through permitting process Preparing for South Dakota Public Utility Commission hearing to determine certification of Keystone XLs existing state permit authority Timing of Presidential Permit…
Napanee Generating Station Construction started in January 2015 on our 900 MW Napanee power facility 1 billion facility expected to be operational in late 2017 or early 2018 Power production fully contracted with the Ontario…
Key Takeaways Four key priorities remain the same: Maximize the value of our 64 billion asset base Move our 46 billion capital program from concept to cash flow Continue to cultivate new opportunities to re-invest our…
First Quarter 2015 Financial Results Don Marchand, EVP & CFO 13
Consolidated Results of Operations (unaudited) (millions of dollars, except per share amounts) Three months ended March 31 2015 2014 Net Income Attributable to Common Shares 387 412 Specific items (net of tax): Risk management…
Business Segment Results (unaudited) (millions of dollars) Three months ended March 31 2015 2014 Natural Gas Pipelines Canadian Pipelines 522 566 U.S. and International Pipelines 370 291 Business Development (18) (9) Natural…
Other Income Statement Items (unaudited) (millions of dollars) Three months ended March 31 2015 2014 Comparable EBIT (1) 1,097 1,003 Comparable interest expense (1) (318) (274) Comparable interest income and other (1) 15 (6)…
Cash Flow and Investing Activities (unaudited, millions of dollars) Three months ended March 31 2015 2014 Funds Generated From Operations (1) 1,153 1,102 Investing Activities: Capital spending 1,007 848 Equity investments…
Financial Position Remains Strong Consolidated Significant financial flexibility Capital Structure* A grade credit ratings (at March 31, 2015) 1.8 billion cash on hand 5 billion of undrawn committed credit lines and two well…
TransCanada - Key Takeaways Solid first quarter financial results from a diverse suite of blue-chip assets Comparable earnings up ten per cent Funds generated from operations up five per cent Well positioned to fund 12 billion of…
Question & Answer Period Russ Girling Don Marchand Alex Pourbaix Karl Johannson Paul Miller Bill Taylor Glenn Menuz David Moneta 20
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