AltaGas Ltd. Delivering superior returns CIBC Institutional Investor Conference 2012 January 20, 2012
AltaGas Ltd. (TSX:ALA) Diversified energy infrastructure Financial strength Enterprise value 4 billion BBB (stable) credit rating Natural gas gathering and Bank liquidity and cash on hand of processing, transmission, liquids over 1…
Were a leading energy infrastructure company 4
Capitalizing on unconventional gas plays 5
Gas projects in service in 2012 - 0.5 B growth Gas projects in service in 2012 will add 70 million in annualized EBITDA Gordondale Harmattan Co-stream 120 Mmcf/d deep cut 250 Mmcf/d, 100 km, 24 pipeline Long-term gas supply 20-year…
NW run-of-river projects - 1 B growth Forrest Kerr McLymont and Volcano Creek 195 MW capacity Two developments totaling approximately 82 MW capacity 55% capacity factor 60 year EPA with BC Hydro 60 year EPA with BC Hydro 100…
0.5 B in Utility growth 500 million rate base PNG acquisition 230 million Approximately 270 million capex in the next 5 years See Forward-Looking Statements & Information 8
Doubling EBITDA with projects under construction 2010 2015E EBITDA excludes corporate G&A charges 9 See Forward-Looking Statements & Information 9
Rapidly growing EBITDA Adding highly contracted, long-life infrastructure Growing earnings Enhancing earnings stability See Forward-Looking Statements & Information 10
AltaGas strategically located assets 11
Growth opportunities in all our businesses Gas Power Utilities Current: Current: Current: Produce 50,000 Bbls/d of C2+ Generate over 500 MW power: Operate three utilities in Canada (Alberta, British Columbia, and Process 0.4 Bcf/d…
AltaGas is a good place to be Strong, diversified base of gas, power and utility assets Attractive portfolio of energy Capital growth focused on stable, long-term contracted infrastructure assets projects and regulated rate base growth…
Appendix 14
Committed capital 2012 to 2014 millions Gordondale 115 Co-stream 25 Other 100 Total Gas 240 Forrest Kerr 490 McLymont/Volcano 200 Cogen II/Crowsnest/Gordondale 10 Total Power 700 Utilities 160 Total 1,100 15
Funding our 2012 to 2014 committed capital 645 million FCF (Q3 2011 TTM) 100 million DRIP 1,100 million committed capital 160 million incremental cash flow from new assets 360 million dividends (at current rate) 1,025 million…
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