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ANNUAL MEETING OF UNITHOLDERS – Altagas Limited

Altagas Limited · Apr 28, 2005 · 28 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. ANNUAL MEETING OF UNITHOLDERS – Altagas Limited – slide 1
    Annual Meeting of Unitholders April 28, 2005
  2. ANNUAL MEETING OF UNITHOLDERS – Altagas Limited – slide 2
    Forward-Looking Information Certain information in this presentation is forward-looking. Such information is subject to certain risks, uncertainties and assumptions that could cause actual results to differ materially from those…
  3. ANNUAL MEETING OF UNITHOLDERS – Altagas Limited – slide 3
    Serving North Americas energy demand by growing and optimizing our assets along the energy value chain in markets we know, to create long-term value for our unitholders.
  4. ANNUAL MEETING OF UNITHOLDERS – Altagas Limited – slide 4
    Energy Value Chain Gathering Processing AltaGas creates value by strategically linking Ga Power asset and service Wellhead Transmission End-user components of the energy value chain Gas Extraction Natural Gas…
  5. ANNUAL MEETING OF UNITHOLDERS – Altagas Limited – slide 5
    Integrated Energy Businesses FIELD GATHERING Net Book Value AND PROCESSING At December 31, 2004 EXTRACTION 890.3 million TRANSMISSION POWER SERVICES 11% 14% GAS SERVICES NORTHWEST NATURAL GAS TERRITORIES DISTRIBUTION 12% 45%…
  6. ANNUAL MEETING OF UNITHOLDERS – Altagas Limited – slide 6
    North American Gas Demand Bcf/d Tcf/yr 74.3 (Up 1.7% / year) 70.5 (Down 1.0% / year) 70 25 Electrical Up 3% / year 23% 31% 60 Growing 20 50 Industrial 33% 26% 40 Shrinking 15 30 10 22% 22% Residential 20 5 10 14% 14%…
  7. ANNUAL MEETING OF UNITHOLDERS – Altagas Limited – slide 7
    Western Canada: Gas Completions Gas Completions * New Record ALTAGAS WELL TIE-INS 16,400 450 428 15,000 14,000 400 350 328 11,150 300 279 10,000 9,100 Price 250 Drop 192 188 200 11 5,000 4,600 150 100 50 0 0 1998…
  8. ANNUAL MEETING OF UNITHOLDERS – Altagas Limited – slide 8
    Western Canada Spending Billion Cdn Billion Cdn History Forecast S c e na r i o i f E ne r g y P r i c e s S t a y Hi g h 30 30 25 25 Facilities 20 Five Fold Increase 70-75% 20 De v. 15 15 Development Drilling 10 Light…
  9. ANNUAL MEETING OF UNITHOLDERS – Altagas Limited – slide 9
    Serving North Americas Natural Gas Demand Field Gathering and Processing Extraction Transmission Gas Services Distribution
  10. ANNUAL MEETING OF UNITHOLDERS – Altagas Limited – slide 10
    Field Gathering and Processing 69 facilities with 913 mmcf/d of capacity BC ALBERTA SASK. moveable facilities 6,000 km of gathering lines Edmonton Sylvan Lake Gas Plant Calgary
  11. ANNUAL MEETING OF UNITHOLDERS – Altagas Limited – slide 11
    Extraction 539 mmcf/d inlet capacity, including Albertas newest extraction plant BC ALBERTA SASK. fourth quarter average production of 21,244 Bbls/d Edmonton Joffre Ethane Calgary Extraction Plant
  12. ANNUAL MEETING OF UNITHOLDERS – Altagas Limited – slide 12
    Transmission 6 transmission pipelines totaling 750 km BC ALBERTA SASK. 432 mmcf/d volumes Edmonton Suffield Transmission Calgary Meter Station
  13. ANNUAL MEETING OF UNITHOLDERS – Altagas Limited – slide 13
    Gas Services energy procurement and consulting services, energy supply and natural BRITISH gas transportation and ALBERTA COLUMBIA storage optimization to end use customers over 1,000 customers Edmonton Calgary ONTARIO…
  14. ANNUAL MEETING OF UNITHOLDERS – Altagas Limited – slide 14
    Natural Gas Distribution AltaGas Utilities 60,400 customers BC ALBERTA SASK. 6% of Alberta natural gas distribution market positioned for Northern development Nova Scotia greenfield opportunity Edmonton Northwest Nova…
  15. ANNUAL MEETING OF UNITHOLDERS – Altagas Limited – slide 15
    Alberta Power Generation Outlook Gas TWh 11% Market Share of Canada Equivalent Tcf* History Forecast 75 a r Growth 0.6 e 2 .5%/Y Natural Gas 16% Growth/yr 50 0.4 25 Coal 0.2 Oil & Other Hydro 0 0.0 1991 1993 1995…
  16. ANNUAL MEETING OF UNITHOLDERS – Altagas Limited – slide 16
    Power Services 6% of Albertas power capacity rights to 353 MW until December BC ALBERTA SASK. 31, 2020 25 MW of gas fired peaking capacity Edmonton Sundance B Power Plant Calgary
  17. ANNUAL MEETING OF UNITHOLDERS – Altagas Limited – slide 17
    Operational Excellence - Reliability 130% 120% Plant Performance 110% 100% 90% 80% 70% Jan/04 Jan/05
  18. ANNUAL MEETING OF UNITHOLDERS – Altagas Limited – slide 18
    Operational Excellence Maintenance Costs 12 10 8.8 Maintenance Cost /HP/MO 8 6.1 6 4 2 0 Q1 Q2 2003 Q3 Q4 Q1 2004 Q2 Q3 Q4 Q1 2005 Q2 Q3 Q4
  19. ANNUAL MEETING OF UNITHOLDERS – Altagas Limited – slide 19
    Operational Excellence Competitive Capital Cost 20 16 12 8 Variance from 4 Budget% 0 -1 -4 -4 -7 -6 -8 -8 -12 -16 -20 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2004 2005 Note: Based on projects over 250 K completed in…
  20. ANNUAL MEETING OF UNITHOLDERS – Altagas Limited – slide 20
    Operational Excellence - Safety Performance 100 95 Audit Score 90 85 80 75 2000 2001 2002 2003 2004
  21. ANNUAL MEETING OF UNITHOLDERS – Altagas Limited – slide 21
    AltaGas Today: Strong and Diversified TOTAL ASSETS EBITDA At December 31, 2004 For the year ended December 31, 2004 1,108.6 million 133.4 million 14% 11% 15% 53% 36% 71% Gathering and Processing Gathering and…
  22. ANNUAL MEETING OF UNITHOLDERS – Altagas Limited – slide 22
    Invested Capital INVESTED CAPITAL ( Millions) 130 million in invested capital for 2004 200 119 million growth capital 6 million maintenance capital 150 5 million administration capital 100 50 0 2000 2001 2002 2003 2004…
  23. ANNUAL MEETING OF UNITHOLDERS – Altagas Limited – slide 23
    Net Income NET INCOME ( Millions) 2004 65.8 million, 72% increase 70 over 2003 includes Trust conversion costs 60 and income tax benefit from 50 Trust conversion Strong performance 40 Gathering and Processing 30 Energy Services…
  24. ANNUAL MEETING OF UNITHOLDERS – Altagas Limited – slide 24
    Net Income Per Unit NET INCOME PER UNIT () 2004 1.33 58% increase over 2003 includes Trust conversion costs 1.40 and income tax benefit from 1.20 Trust conversion 1.00 Basic units outstanding 49.4 million (45.5 million 2003)…
  25. ANNUAL MEETING OF UNITHOLDERS – Altagas Limited – slide 25
    Strong Balance Sheet DEBT AS A PERCENTAGE OF Committed to investment TOTAL CAPITALIZATION * grade rating 60% Stability rating S&P: SR-3 50% Target Range DBRS: STA-3 (middle) 40% Medium term notes rating S&P: BBB- 30% DBRS: BBB…
  26. ANNUAL MEETING OF UNITHOLDERS – Altagas Limited – slide 26
    Strong Competitive Advantages Revenue diversification revenue source fuel source geography commodity counterparty Stable cash flow contractual terms risk management Strong balance sheet Financial flexibility Reliable and cost…
  27. ANNUAL MEETING OF UNITHOLDERS – Altagas Limited – slide 27
    Financial Discipline Disciplined approach to acquisitions earnings accretive return on equity accretive maintain low risk profile maintain financial flexibility enhance unitholder value Financial discipline trust is an…
  28. ANNUAL MEETING OF UNITHOLDERS – Altagas Limited – slide 28
    Annual Meeting of Unitholders April 28, 2005

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