AltaGas Ltd. TD Securities Calgary Energy Conference July 9, 2013 1
Were a leading energy infrastructure company Listed on TSX (ALA) Enterprise value 7.4 billion 5 Utilities serving over 540,000 customers 1,372 MW of Power Generation in five fuel types Gas processing Over 2 Bcf/d Diversified…
Why invest in AltaGas Our Value Proposition: Yield and growth Double digit EPS and FFO growth Dividend growth Financial strength Current projects fully funded Strong balance sheet Ample liquidity Investment grade credit…
Increasing our business diversification 2009 Utility 5% Power Gas 44% 51% Equally balanced and diversified portfolio Pie charts represent total business EBITDA See Forward-Looking Statements & Information 5
Increased earnings stability Adding assets underpinned by regulated returns or long- term contracts Reducing commodity exposure 80 percent from stable earnings in 2013 Target of 85 percent from stable earnings See…
Well positioned to meet market needs Process and transport over 2.0 Bcf/d Produce 50,000 Bbls/d of C2+ Two-thirds of processing capacity serving liquids-rich areas Strong construction and operating capability See…
Transforming our Gas business Harmattan Gordondale Blair Creek 250 Mmcf/d, 100 km 120 Mmcf/d deep cut 50 Mmcf/d expansion pipeline increases capacity completed and throughput to near commissioned in full capacity of 490 Long-term…
Our diversified power generation portfolio Over 1,350 MW power generation Alberta 353 MW coal 72 MW gas British Columbia 390 MW renewable United States 50 MW renewable 507 MW gas 9
Blythe Energy Center Consistent with AltaGas strategy of increasing its clean energy portfolio Located in Blythe, California Well positioned to access premium power markets in California and Arizona in the future Strong platform for…
Completing Forrest Kerr ahead of schedule and on budget Powerhouse Mechanically complete by end of 2013 195 MW capacity 60-year fully indexed EPA with BC Hydro Capital cost estimate: Weir 725 million 100 million annualized…
Forrest Kerr June 25, 2013 12
Construction ahead of schedule and on budget McLymont Creek and Iskut Bridge Volcano Creek 82 MW capacity 60-year fully indexed EPA with BC Hydro Capital cost estimate: 300 million McLymont Tunnel 30 million annualized EBITDA…
Well diversified Utility business Alberta AUI: Albertas second largest natural gas utility British Columbia PNG: Only pipeline in LNG corridor Nova Scotia Heritage Gas: Nova Scotias only natural gas utility Michigan SEMCO:…
Strong Utility growth Growing volumes Strong rate base growth from volume demand and system betterment Greenfield expansion 900 Fuel switching Rate Base (millions) Natural gas-fired power 700 generation Transportation…
Committed capital fully funded Uses Sources Ample liquidity to fund 2013-15 capital growth 850 million committed capital 1.3 billion cash flow 525 million dividends (at current 180 million DRIP rate) 60 million pref dividends 1.0…
Future investment opportunities of 2 - 5 billion Anchorage British Columbia See Forward-Looking Statements & Information 17
AltaGas / Idemitsu JV partnership AltaGas and Objective: To pursue opportunities to Idemitsu each export LPG and LNG from Canada own a 50 percent LPG exports potentially commencing interest in the in 2016 Partnership LNG exports…
Executing our strategy Our stable and Gas Utilities: diverse portfolio Optimize assets Complete 130M capital spend program of assets allows us to continue Pursue growth to Secure Transportation support energy export Reservation…
Capital allocation program drives growth Disciplined in managing balance sheet and allocating capital Excess Funds From Operations Available for Growth and Maintenance Dividend Payout Target = 40 - 50% of FFO 54% 48% 26%…
Delivering strong returns Attractive portfolio of Strong, diversified business Capital growth focused on stable, long-term energy infrastructure contracted projects assets Opportunities to grow Strong credit ratings Financially…
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