2015 Annual Meeting of Shareholders Christian Bayle, President and CEO May 11, 2015
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2014 Corporate Objectives Deliver strong investor and financial returns Financial Maintain investment grade credit ratings and strong balance sheet Commercial Develop our pipeline, NGL and bulk liquid storage assets…
2014 Performance Generated a 44% total shareholder return; grew FFO by 19%; low payout ratio of 77% Financial Strong BBB+ credit rating; raised a record of 1.5 billion of new capital 100 million conventional pipeline expansion;…
Strong Investor Total Returns 2014 Peer 1 76% Inter Pipeline 44% Peer 2 36% Peer 3 32% Peer 4 31% Peer 5 22% Peer 6 18% TSX Total Return Index 11% Peer 7 10% Peer 8 4% 0% 10% 20% 30% 40% 50% 60% 70% 80% For the…
Strong Investor Total Returns 5 Year Inter Pipeline 282% Peer 1 274% Peer 2 251% Peer 3 188% Peer 4 171% Peer 5 169% Peer 6 134% Peer 7 82% TSX Total Return Index 44% 0% 50% 100% 150% 200% 250% 300% For the period…
Track Record of Dividend Growth /Share *Based on actual dividends to April 2015 and 0.1225/share per month thereafter 8
Inter Pipeline Today Leading energy infrastructure 1.3 million b/d pipeline company throughput 16 billion enterprise value 2.8 bcf/d gas processed TSX 60 company 12 storage terminals in Europe 9
Business at a Glance Oil Sands Conventional NGL Bulk Liquid Transportation Oil Pipelines Extraction Storage Over 2.2 million 3,800 km Process 40% of 19 million b/d of barrels of pipeline network natural gas storage capacity…
Polaris Expansion Highlights 1.4 billion, of a total 1.5 billion expansion program, spent to date 429 km of pipeline constructed and placed into service Currently services CNR Kirby south and FCCLs Foster Creek & Christina…
Cold Lake Expansion Highlights 1.4 billion, of a total 1.6 billion expansion program, spent to date 417 km of pipeline constructed and placed into service Currently services CNR Kirby south and FCCLs Foster Creek & Christina…
High Quality Cash Flow 2013 Annual EBITDA Projected 2015 Annual EBITDA 10% 60% 30% 37% No volume or commodity price Volume & operating cost Volume and commodity price exposure and flow-through of exposure but no…
Stability of Cash Flow vs Peers % Commodity Based EBITDA Peer 1 NR Peer 2 BB Peer 3 BBB Peer 4 BBB Inter Pipeline BBB+ Peer 5 BBB 0% 5% 10% 15% 20% 25% 30% 35% Inter Pipeline has a stable EBITDA profile with 90% of…
Dividend Stability Million 600 500 400 300 200 100 0 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Funds From Operations Dividends FFO is attributable to shareholders and before sustaining capital 15
Financial Summary Increasing Quality of Continued Cash Flow Strong Platform Financial for Future Discipline Dividend Increases Significant EBITDA Growth Strong Portfolio of Growth Projects 16
Our Competitive Advantage Strong, very well positioned regional oil sands gathering franchise Significant capacity available to market on both our oil sands and conventional pipeline systems Proven operations and project…
Our 2015 Priorities Successfully complete our major conventional pipeline expansions; seek out new growth opportunities Pursue opportunistic acquisitions Grow our Canadian terminaling and hub infrastructure Display excellence…
Concluding Messages Our strong competitive position remains intact regardless of the current commodity cycle We have one of the most stable and predictable business models in our sector Our financial strength and operational…
Thank you 2015 Annual Meeting of Shareholders May 11, 2015 20
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