Were a leading energy infrastructure company Listed on TSX (ALA) Enterprise value 7.0 billion 5 Utilities serving over 540,000 customers 1,3721 MW of Power Generation in four fuel types Gas processing touching over 2 Bcf/d…
Our strategy Capitalize on opportunities Diverse business segments; created by the renaissance diverse markets of natural gas and clean Long-life assets energy through each of our business segments Stable and predictable cash flows…
Our strategically positioned Gas business Process and transport over 2.0 Bcf/d Produce 50,000 Bbls/d of C2+ Two-thirds of processing capacity serving liquids-rich areas Well positioned to meet producers needs Strong construction…
Natural gas - growing demand and supply Strong demand growth Fuel switching in manufacturing Growing gas-fired power generation CNG, LNG, and gas-to-liquids opportunities Strong supply growth Technology advances Liquids-rich…
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…
Strategically located in key liquids-rich gas plays 8.00 Canadian natural gas plays profit/loss 7.00 6.00 5.00 4.00 C/Mcf 3.00 2.00 1.00 0.00 Glauconite Hz. Cardium Hz. Montney at Duvernay Hz. Wilrich at Montney at…
Our diversified power generation portfolio Over 1,300 MW power generation Alberta 353 MW coal 72 MW gas British Columbia 379 MW renewable United States 50 MW renewable 507 MW gas1 1. 507 MW acquisition of Blythe Energy Center…
Growing our Power portfolio Our power business is Busch Ranch poised to generate significant stable cash flow Acquired a 50% interest in the 29 MW Busch Ranch wind farm in the US Harmattan Cogeneration II Completed the 15 MW…
Blythe Energy Center Consistent with AltaGas strategy of increasing its clean energy portfolio 507 MW natural gas-fired combined cycle power plant Located in Blythe, California Well positioned to access premium power markets in…
Blythe acquisition strategic rationale First major expansion in power generation Long-life power generation asset Seven year PPA Stable and predictable cash flows Provides further diversification of both fuel type and market…
Completing Forrest Kerr ahead of schedule 195 MW capacity Power Tunnel 60-year fully indexed EPA with BC Hydro Capital cost estimate: 725 million 100 million annualized EBITDA Weir Mechanically complete by end of 2013…
Strong capacity factor of 55 to 60 percent Forrest Kerr - Predictable, sustainable hydrology 900 800 700 600 Discharge (m/s) Water flow used for generation 500 400 300 200 Design discharge of 252 m/s 100…
Forrest Kerr April 5, 2013 15
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Forrest Kerr April, 2013 18
In construction McLymont Creek and Iskut Bridge Volcano Creek 82 MW capacity 60-year fully indexed EPA with BC Hydro Capital cost estimate: 300 million Iskut Bridge 30 million annualized EBITDA In-service estimate: Mid-2015…
Well diversified Utility business Alberta AUI: Albertas second largest natural gas utility British Columbia PNG: Only pipeline in LNG corridor Halifax Heritage Gas: Nova Scotias only natural gas utility Michigan SEMCO: Michigans…
Expanding our Utilities rate base SEMCO acquisition SEMCO increased our customer base by 400% Largest acquisition in 18-year history Brought customer base to nearly 550,000 More than doubled our utility rate base to over 1.3…
Strong cash flow from Utilities in 2013 Strong rate base growth from volume Growing volumes demand and system betterment Greenfield expansion 900 Rate Base (millions) Fuel switching 700 Natural gas-fired power 500 2012…
Strong track record 23
Q1 2013 Highlights Normalized EBITDA of Significant EBITDA growth driven 145.8 million by new assets New assets performed as 160 EBITDA expected 140 Announced AltaGas / Idemitsu 120 Kosan Ltd., Co joint venture partnership…
Delivering stable, predictable earnings and cash flow EBITDA Seasonality of EBITDA from SEMCO and hydro assets provides a more consistent quarterly cash flow profile Current growth projects See Forward-Looking Statements &…
Increasing our geographic diversification 2016T 2009 US 35% Canada Canada 65% Pie charts represent business EBITDA See Forward-Looking Statements & Information 26
Increasing our business diversification Equally balanced and diversified portfolio Pie charts represent total business EBITDA See Forward-Looking Statements & Information 27
Increased earnings stability Reducing commodity exposure Adding assets underpinned by regulated returns or long- term contracts 80 percent from stable earnings in 2013 Target of 85 percent from stable earnings See…
Strategic opportunities in North America Strategic opportunities across Canada and the Northern and Western US Critical mass in strategic geographies creates a strong competitive advantage 29
Future investment opportunities of 2 - 5 billion Anchorage British Columbia See Forward-Looking Statements & Information 30
AltaGas / Idemitsu JV partnership AltaGas and Objective: To pursue opportunities to Idemitsu will each export LPG and LNG from Canada own a 50 percent LPG feasibility study to be completed interest in the in 2013 with exports potentially…
AltaGas / Idemitsu strategic rationale Japan is the worlds largest The Partnership opens the LNG importer, accounting for door to new markets for 33% of global LNG imports in Canadian gas 2011 The Partnership is expected to…
PNG: strategically located Only pipeline that connects producing regions in Alberta and BC to the west coast New market access as early as 2017 Rate base growth Lower transportation tolls See Forward-Looking Statements &…
LNG: Significant growth potential across all businesses Utilities Power Increased generating capacity to Utilizing existing capacity on support growth PNG Pipeline Gas 30-year firm transportation Increased processing capacity…
Our next steps Our stable and Gas Utilities: diverse portfolio Optimizing assets Successfully complete of assets allows 130M capital spend Pursuing growth to program us to continue support liquids-rich Complete feasibility adapting and…
2013 milestones Growth projects Area Targets for 2013 Utilization of new gas assets Gas 75 percent utilization of gas assets added in 2012 Forrest Kerr Power Mechanical completion and begin commissioning McLymont Creek and Volcano Creek…
Delivering strong earnings and cash flow growth Attractive portfolio of Strong, diversified business Capital growth focused on stable, long-term energy infrastructure contracted projects assets Opportunities to grow Proven track…
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