Forward-looking information y Certain information presented today may constitute forward- looking statements with respect to AltaGas Income Trust (the Trust). Such statements reflect the Trusts current expectations, estimates,…
Our business Meeting energy demand y Diverse assets and services y Stable revenue sources Quality growth opportunities y Grow and diversify gas and power infrastructure Strong returns y Strong track record 5 Gas assets…
Natural Gas Distribution Secure supply of natural gas heating to Town of Inuvik, NWT y 900 customers y AltaGas owns one-third interest Ikhil Joint Venture supplies gas for distribution y AltaGas owns 33.3335% Mature utility…
Gas outlook y Increased earnings from 2008 and 2009 capital program y Stronger extraction volumes no scheduled turnarounds y Hedged 2/3 of Q4-2009 frac spread exposed NGLs at 25/Bbl y Stronger Energy Services results y Addition…
Growth through stable revenue sources Power operating income ( millions) 117.9 YTD 2009 net revenue 120 from power business 100 97.6 90.9 94.6 32% 80 60 48.7 35.8 40 68% 20 Hedged revenue 0 2004 2005 2006 2007*…
2 billion of projects in pipeline Run-of-river projects Wind projects Harmattan Co-Stream Gas processing projects Gas storage projects 13 Gas business strategic focus Extraction y Grow volumes FG&P y Increase facility…
Harmattan Co-Stream Project Project status y Capital estimate: 100- 120 million y In-service estimate: November 2010 y Application currently before ERCB y MOU with NOVA for long- term cost-of-service 15 Gas processing…
Sarnia gas storage y First infrastructure investment in Ontario y Completed on time and under budget y Expected to contribute 3.6 million EBITDA per year Storage opportunities y Pursuing sizable storage development in…
Power business strategic focus y Expand and grow power capacity y Reduce emission intensity y Clean sources, including gas-fired generation y Renewable sources, including wind, run-of- river and geothermal 19…
Gas-fired power generation Harmattan Co-generation Project y 13-MW co-generation facility y Provide steam required to process gas y Produce electricity for sale to grid y Capital estimate: 22 million y In-service estimate: Q4-…
Project success factors y Project management and execution y Fixed-price turbine supply and construction y BC Hydro 25-year indexed contract y Strong BC Government support y Significant community support y Renewable energy…
Wind projects Wind power generation (in service) Wind power generation under development 25 Walker Ridge y 70-MW project y Northern California Glen Ridge Walker Ridge site y 100-MW project y Southeast Alberta Rough Rider…
Run-of-river projects Run-of-river hydro generating power Run-of-river hydro - under development Run-of-river hydro - under development (with PPA) 27 Northwest projects y Three developments totaling approximately 275…
Growth capital 2009 y 2009 spending = 600 million 300 million for on-going projects Also acquisition of natural gas distribution assets 600 Gas 500 y Harmattan initiatives and other E&T ( millions) 400 y Sarnia storage 300…
Finance strategy supports growth y 2009 financing initiatives y Strong balance sheet y Credit rating upgrade from S&P and DBRS y Manageable debt maturity profile y Unutilized credit facilities y Access to capital markets y Increasing…
Strong track record 4.00 3.50 3.00 2.50 /unit 2.00 1.50 1.00 0.50 0.00 2004 2005 2006 2007* 2008 TTM 2009** Net income Funds from operations EBITDA Distributions * 2007 net income shown net of 0.09 per unit…
2010 and beyond: substantial growth y Stable and sustainable cash flows Low-risk, long-life energy infrastructure y Disciplined finance and business strategy y 2 billion of real growth opportunities Increasing free cash flow Access to…
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