AltaGas energy to GROW Investor Presentation September 2007 1 Forward-looking information Certain information presented today may constitute forward-looking statements. Such statements reflect the Trusts current…
energy to GROW Opportunities to grow all our businesses 4
The next 24 months of growth Real projects are in place 150 million on four projects over the next 24 months Projects are consistent with strategy to grow gas and power infrastructure equally Acme gas plant (CBM) Sarnia Airport…
Sarnia Airport Pool Storage Project First AltaGas investment in Ontario infrastructure assets Recently purchased 50 percent interest in natural gas storage project 5.3 Bcf of working capacity and deliverability of 52 Mmcf/d…
Acme gas plant New 10 Mmcf/d gas processing facility and associated gathering and sales lines Project is progressing on-time and on-budget Expected to cost approximately 13 million Project located near Acme, Alberta Expected in…
Southern Alberta power generation Operation of 14 MW of gas-fired peaking generation Diversification of power portfolio Increases gas-fired generation by more than 55% Additional backstopping for coal-fired PPA supply Run in…
Financing our growth The announced growth projects will be financed by: 1. Cash flow 2. Equity through DRIP 3. Debt capacity, while remaining within publicly announced targets 4. Issuing equity, if additional financing required…
Business Overview Expectations for 2007 Base business is strong Field Gathering and Processing throughput impacted by lower drilling short-term, but increased acquisition opportunities Extraction and Transmission: frac spreads…
AltaGas Q2-07 regional utilization W6 W5 W4 W3 British Alberta Alberta Columbia Average utilization: 52% (52%) Saskatchewan Saskatchewan 52% (56%) 18% (28%) 59% (69%) 53% (54%) () Q2-06 utilization % Utilization…
Alberta greenhouse gas legislation Legislation Effective July 1, 2007 AltaGas participating in government consultation process Impact Impacts facilities emitting 100 kilotonnes/year of GHG emissions 50% interest in Sundance B…
Financial Overview Track record of growing earnings and cash flow per unit 3.50 3.00 2.50 2.00 1.50 1.00 0.50 0.00 2002 2003 2004 2005 2006 Net income Funds from operations EBITDA 22
Financial structure Committed to investment grade rating Debt as a percentage of Trust stability rating total capital* 60% S&P: SR-3 50% DBRS: STA-3 (middle) 40% Rating on medium-term notes 30% S&P: BBB- 20% DBRS: BBB (low) 10%…
AltaGas total return vs. indices Assumes a 100 investment on Dec. 31, 2001 and reinvestment of dividends/distributions 500 400 Index Value 300 200 100 0 Dec. 31 2001 Dec. 31 2002 Dec. 31 2003 Dec. 31 2004 Dec. 31…
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