AltaGas Income Trust Bond Presentation January 2008 1 Forward-looking information Certain information presented today may constitute forward-looking statements with respect to AltaGas Income Trust (AltaGas). Such statements…
Presentation team Richard Alexander President and Chief Operating Officer Jeremy Baines Treasurer Stephanie Labowka-Poulin Manager External Relations 3 Presentation agenda Business overview and strategy Our gas and…
Business Overview and Strategy Business overview Integrated energy infrastructure and services organization Creates value by strategically linking asset and service components of the energy value chain Diversified operations…
Our business strategy Enhance value for all stakeholders Optimize existing businesses Capitalize on integrated energy value chain Diversify our business Targeted growth Equal split between gas and power infrastructure Capitalize…
Our Gas and Power Businesses Gas business strategy Deliver strong sustainable earnings and cash flow from diversified infrastructure assets and services along the energy value chain Manage risks to enhance stable revenue…
Our gas business infrastructure Diversified, balanced and integrated energy infrastructure touching more than 2 Bcf/d of natural gas 7 NGL extraction and 2 fractionation facilities with 1.6 Bcf/d of inlet capacity and 81,000…
energy to GROW the gas business Pursuing new gas opportunities Sarnia gas storage 50% ownership Additional gas storage assets in Eastern Canada or U.S. Harmattan Co-streaming Ethylene Delivery System expansion 50 million per…
Our power business infrastructure Supplies 5% of Albertas electricity demand Rights to 353 MW of coal-fired generation until 2020 39.4 MW of gas-fired peaking capacity Small run of river hydro interest in B.C. 15…
Power business will continue to be strong Approximately two-thirds of 2008 PPA volumes hedged in mid-70/MWh, up from 66/MWh in 2007 Power price AECO price 90 10 80 9 AECO Gas Price (/GJ) 8 Power Price (/MWh) 70 7…
Taylor Acquisition: Executing On Our Strategy Transaction overview November 12: Take-over bid for Taylor announced 11.20 cash or 0.42 of an AltaGas trust unit January 10: Acquisition closed Consideration of offer: 200…
AltaGas assets In addition, the Sarnia Storage project is currently under development in Sarnia, ON 21 Acquisition rationale The acquisition creates a balanced gas and power portfolio Opportunity to increase scale,…
A more diversified business AltaGas 2007 EBITDA AltaGas + Taylor EBITDA To September 30, 2007 To September 30, 2007 22% Extraction & Transmission Field Gathering & Processing 38% 41% Energy Services 53% Power Generation…
Financial Overview Our finance strategy Maintain liquidity and solvency Maintain investment grade ratings Disciplined project evaluation and hurdle rates Access multiple sources and markets for capital Minimize cost of…
energy to DELIVER unitholder value Well-positioned for 2011 - As a trust or a corporation Focus on traditional metrics Earnings per unit ROE Strong financial position Strong balance sheet Approximately 750 million in tax…
Peer credit metrics EBITDA to interest coverage 8x 6.8x 7x 6.0x 6x 5.0x BBB Median 5x 4.0x 4x 3.0x 3x 2x BBB+ 1x BBB BBB BBB BBB (L) BBB (H) 0x EPCOR TransAlta Inter Pembina AltaGas Power LP Corp Pipeline…
Committed to investment grade rating Management met with S&P and DBRS in late 2007 for update DBRS affirmed BBB (low) rating with a stable trend S&P affirmed BBB- rating with a stable trend Board and management committed to…
Credit highlights Diversified portfolio of high-quality and long-life energy infrastructure assets Stable and sustainable cash flow Strengthened business profile through Taylor NGL acquisition Provider of industry essential,…
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