Recent Developments Russ Girling, President & CEO 3
Second Quarter 2014 Highlights Solid quarter as majority of business segments performed well. Results reinforce strategy of a diversified and growing asset portfolio Pleased with performance of gas pipelines, increased volumes are…
Second Quarter 2014 Financial Highlights Net income attributable to common shares was 416 million or 59 cents per share Comparable earnings were 332 million or 47 cents per share This excludes a 99 million after tax gain from the…
Energy East Pipeline Project Qubec Atlantic Canada 400 kbbl/d 415 kbbl/d U.S. PADD I 1,200 kbbl/d Preparations for NEB project application filing continue, expected Q3 2014. Held over 2,200 stakeholder meetings along the…
Keystone XL Permitting process delayed U.S. Department of State said more time required to gather federal agency input, process public comments and understand Nebraska legal issues Delay unnecessary Oral arguments to begin…
Northern Courier Continue to advance 3.5 billion investment plans for Alberta oil infrastructure Alberta Energy Regulator approved Northern Courier project application July 18, 2014 Northern Courier is an 800 million,…
West Coast LNG and NGTL Expansions We have filed regulatory applications for our West Coast LNG projects. Both PRGT and Coastal GasLink are progressing Final investment decision expected in 2014/2015 Continue to experience…
Additional Growth Opportunities Gas Pipelines: NGTL System expansions, Eastern Mainline Project, potential ANR growth, Mexico opportunities, Alaska LNG export pipeline Oil Pipelines: Oil infrastructure growth, looking for further…
Building Shareholder Value Unprecedented growth portfolio of 38 billion in energy infrastructure projects 21 billion of liquids pipelines 15 billion of natural gas pipelines 2 billion of power generation facilities All…
Key Takeaways Fundamental strategy and focus: maximize shareholder value through growing cash flow, earnings and dividends Have had project approval delays but infrastructure critically needed, we remain confident in approvals…
Second Quarter 2014 Financial Results Don Marchand, EVP & CFO 13
Second Quarter 2014 Key Messages: Solid second quarter results highlight benefits of diversified asset base 3.3 billion of new assets now contributing to earnings partially offsetting impact of weak Alberta power prices and…
Consolidated Results of Operations (unaudited) (millions of dollars, except per share amounts) Three months Six months ended June 30 ended June 30 2014 2013 2014 2013 Net Income Attributable to Common Shares 416 365 828 811…
Business Segment Results (unaudited) (millions of dollars) Three months Six months ended June 30 ended June 30 2014 2013 2014 2013 Natural Gas Pipelines Canadian Pipelines 549 491 1,115 988 U.S. and International Pipelines 212…
Other Income Statement Items (unaudited) (millions of dollars) Three months Six months ended June 30 ended June 30 2014 2013 2014 2013 Comparable EBIT (1) 818 787 1,821 1,601 Comparable interest expense(1) (297) (252) (571) (509)…
Cash Flow and Investing Activities (unaudited, millions of dollars) Three months Six months ended June 30 ended June 30 2014 2013 2014 2013 Funds Generated From Operations(1) 917 955 2,019 1,871 Investing Activities: Capital…
Financial Position Remains Strong Consolidated Significant financial flexibility Capital Structure* (at June 30, 2014) A grade credit ratings 567 million cash on hand 5 billion of undrawn committed credit 40% lines and two well…
TransCanada Key Takeaways Solid second quarter results Year-to-date comparable earnings and funds generated from operations, up four and eight per cent, respectively 3.3 billion of new assets contributing in 2014, including the…
Question & Answer Period Russ Girling Don Marchand Alex Pourbaix Karl Johannson Paul Miller Bill Taylor Glenn Menuz David Moneta 21
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