Agenda Annual General Meeting - April 30, 2015 Annual Report to Shareholders Election of Directors Appointment of the Auditors Further Business Update from David Cornhill, Chairman and CEO 1
David Cornhill Chairman and Chief Executive Officer 2
Clean energy 2014: Another milestone year for AltaGas Global opportunities Competitive advantage Strong results Delivered over 1 billion in new assets Accessed global markets for the first time Increased clean energy…
Clean energy Successfully completed largest project in our history 195-MW Forrest Kerr hydroelectric facility Global opportunities Competitive advantage Strong results Future growth See forward-looking statements &…
Clean energy Volcano Creek online two years ahead of schedule 16-MW hydroelectric facility Global opportunities Competitive advantage Strong results Future growth See forward-looking statements & information 6
Clean energy Significantly increased clean energy footprint Global Generation portfolio (MW) opportunities Added 211 MW of new, clean, Forrest Kerr hydroelectric generation Volcano Ripon Added 164 MW of gas-fired generation…
Clean energy Now a global energy exporter Global Arriving at Ferndale, Washington opportunities Competitive advantage Strong results Future growth See forward-looking statements & information 8
Clean energy Now a global energy exporter Global Arriving in Chiba, Japan opportunities Competitive advantage Strong results Future growth See forward-looking statements & information 9
Clean energy Ferndale terminal Global opportunities Competitive advantage Strong results Future growth See forward-looking statements & information 10
Clean energy Business diversity provides stability Global opportunities Competitive advantage Strong results Highly Highly Regulated contracted contracted Utilities Future growth Power Gas See forward-looking statements…
Clean energy Operational and construction expertise Global Over the last five years: opportunities Commissioned the 102-MW Bear Mountain Wind Park Competitive advantage Constructed 150 Mmcf/d deep-cut Gordonale gas processing…
Clean energy Competitive service offering Global opportunities Competitive advantage Strong results Signed a contract with Montney producer Painted Pony Petroleum Ltd. Connecting Western Canadas natural gas and NGL from…
Clean energy Strategically located in California power market Global opportunities Competitive Nevada advantage California Strong results Acquired 507-MW Blythe natural gas-fired combined Arizona cycle power plant in 2013…
Clean energy Delivered record EBITDA and cash flow in 2014 Global EBITDA1 (M) Funds from operations1 (M) opportunities 546 472 Competitive advantage 402 509 Strong results Future growth 2013 2014 2013 2014 1…
Clean energy 16 percent increase in annual dividend Global Annualized dividend per share opportunities 1.77 Competitive advantage 1.53 Strong results Future growth 2013 2014 See forward-looking statements & information…
Clean energy Q1 2015 highlights Global opportunities 140 million in normalized funds from operations 178 million in normalized EBITDA Competitive advantage 57 million in normalized net income Strong operating results from Forrest…
Clean energy Another 8.5 percent increase in annual dividend Annualized dividend per share Global opportunities 1.92 Competitive advantage 1.77 Strong results Future growth 2014 2015 See forward-looking statements &…
Clean energy Our people make things happen 1,700 dedicated employees across Canada and the U.S. Global opportunities Competitive advantage Strong results Future growth See forward-looking statements & information 19
Clean energy First Nations and community engagement Global opportunities Competitive advantage Strong results Developing long-term relationships Future growth Providing sustainable benefits to the communities in which we…
Clean energy Safety and environment Global opportunities Competitive advantage Strong results Future growth Committed to protecting employees, the public, and the environment See forward-looking statements &…
Clean energy 7.5 billion in growth opportunities Global 2015-2019 Growth CAPEX opportunities 4B Contracted or regulated, fully financed Competitive advanced growth opportunities advantage 2B Utilities Power 1.5B Gas Strong…
Clean energy Growing our Power portfolio Global 1.5 billion capital spend program 2015 to 2019 opportunities Committed: McLymont, Cogen III Competitive advantage Development: Blythe II Evaluation: Strong results Additional…
Clean energy Growing and improving our Utilities Global Customers 1 billion capital spend program 2015 to 2019 opportunities 600 million increase in rate base over next Canada five years USA Competitive Additional 1 billion in…
Clean energy Growing our Gas portfolio Significant processing, logistics and export capability Global 4 billion capital spend program 2015-2019 opportunities Committed: Townsend, Alton, Dawson Creek Competitive advantage…
Clean energy Poised to double over the next five years Global 2014 2019 opportunities Competitive advantage Strong results Future growth Total assets expected to grow to 15+ billion by 2019 Future projects 2015 2019…
Clean energy Creating shareholder value Global Diversified business strategy TSR: 940%1 opportunities Significant competitive advantages Strong and stable earnings and cash flow Competitive Strong yield and growth potential…