AltaGas Income Trust Q4 2006 Investor Presentation March 2007 Forward-looking information Certain information presented today may constitute forward-looking statements. Such statements reflect the Trusts current expectations,…
Business Overview 3 2006 financial highlights Record net income 114.5 million 2.06/unit Increase of 27% Distributions Increased twice to 0.17/unit/month Increased by 6% 2006 payout 69% of funds from operations…
Making connections along the energy value chain Field Gathering and Processing Extraction and Transmission Power Generation Energy Services 5 Integration across AltaGas 22 Bcf FIELD ENERGY GATHERING & SERVICES 0.5…
Diversified integrated energy business Net Book Value EBITDA At December 31, 2006 2006 4% Field Gathering and Processing 26% Extraction and Transmission 25% 52% 72 Power Generation 49% 12% Energy Services 22% Corporate 4%…
Field Gathering and Processing 2006 Highlights: 25.4 million operating income (24.1 million in 2005) 53.3 million in growth capital expenditures Increased throughput capability: Prairie River, Princess, Clear Hills, Clear Prairie…
Extraction and Transmission 2006 Highlights: 35.2 million operating income (30.4 million in 2005) EEEP ethane enhancement project increased production by 10% Increased ownership of PEEP Outlook: Strong base business with…
Bear Mountain Wind Farm Located near Dawson Creek, B.C. AltaGas partnered with Aeolis in Bear Mountain Wind L.P. 25-year electricity purchase agreement with BC Hydro signed on August 28, 2006 Project continues under development…
Financial Overview 15 Net income 2006 ( Millions) 27.3 million, or 3% increase over 140 Q4-05 114.5 million, or 27% increase over 120 114.5 2005 100 90.3 Higher power prices received and lower transmission costs 80 65.8…
Net income per unit 2006 2.20 2.06 0.49 per unit, or 2% 2.00 increase from Q4-05 1.80 1.67 1.60 2.06, or 23% increase from 1.40 1.33 2005 1.20 Weighted average units 1.00 0.84 outstanding 55.5 million in 0.80 0.70 2006 compared to…
EBITDA ( Millions) 2006 180 173.1 44.5 million, or 12% 155.5 160 increase over Q4-05 140 133.4 173.1 million, or 11% 121.9 120 increase from 2005 100 94.8 Q1-05 included Taylor gain 80 on disposition of units 60 40 20 0 2002…
Track record of growing ROE 25% 22.8% 20% 18.4% 15.7% 15% 10.9% 9.8% 10% 5% 0% 2002 2003 2004 2005 2006 21 Financial structure Debt as a percentage of Committed to investment grade total capital* rating 60%…
Tax Update Income tax recovery of 0.9 million in 2006 Higher net income before tax 6.6 million non-cash future income tax benefit from federal and Alberta income tax rate reductions Fundamentals of business will continue to be…
Acquisition strategy Up to 200 million available for acquisitions in 2007 without going to equity markets Balanced infrastructure investment in gas and power Disciplined approach using traditional financial metrics…
Power growth potential Diversification of power portfolio Coal and gas in Alberta Renewable energy Contracts with rights to existing generation capacity Wind Long-term contracts with creditworthy counterparties Provides…
Investment Highlights 29 AltaGas total return vs. indices Assumes a 100 investment on Dec. 31, 2001 and reinvestment of dividends/distributions 500 400 300 200 100 0 Dec. 31 2001 Dec. 31 2002 Dec . 31 2003…
Investment highlights Demonstrated track record of growth and value creation Over last 5 years, total return of 500% Business operated in disciplined manner with focus on traditional financial metrics Significant opportunities…
Maintaining gas deliverability WCSB (Bcf/d) 17.0 16.6 16.7 16.4 16.6 2002 2003 2004 2005 2006E Source: Ziff Energy 33 17
Loading...
