AltaGas Ltd. National Bank Financial 2011 Renewable Power and Clean Tech Forum David Harris, President Power May 17, 2011
Forward-looking information Certain information presented today may constitute forward-looking statements with respect to AltaGas Ltd. Such statements reflect the Companys current expectations, estimates, projections and assumptions.…
AltaGas Ltd. (TSX:ALA) Diversified energy Financial strength infrastructure BBB (stable) credit rating Enterprise value 3 billion Bank liquidity of 1 billion Natural gas gathering and Debt-to-total capitalization 43 processing liquids…
Were a leading energy infrastructure company Gas Asset Base Growth 1.6 Bcf/d interests in six extraction 120 Mmcf/d Gordondale gas plant under facilities development 1.2 Bcf/d gas processing 250 Mmcf/d Harmattan Co-stream project…
Building a diversified energy portfolio 5
Significant progress on capital growth plans Objective: 2 billion in organic growth (2010-2016) 2010 progress report: Approximately 1.4 billion in committed growth capital secured (includes 2010 200 million) Awaiting regulatory…
Stable cash flow and earnings EBITDA: 244 million Operating income: 152 million Funds from operations: 195 million Net income: 97 million Normalized FFO payout: 56% Net income per share: 1.19 Dividend: 1.32 *TTM ending March 31,…
Our Gas portfolio 8
Employing clean technology in Gas Heat recovery Captures the exhaust heat from natural gas turbines and uses it to supply heat to the fractionation process Flare gas recovery Captures and recovers gas from various low-pressure…
Harmattan Complex gas initiatives Heat recovery: Residue gas compression, operational since 2008 Increase plant fuel efficiency 5% Creates emissions performance credits 13k tonnes of CO2 equivalent each year Recovery of 201,538 GJs…
Harmattan Complex (continued) Flare Gas Recovery Unit (FGRU): In service 2008 The FGRU recovers 628GJ/day Cost savings of 2k/day Emissions reduction of 20k tonnes in 2010 CO2 recovery: Producing approximately 50k tonnes of CO2…
Other clean technology initiatives Acid gas injection: Bantry, Princess, Pouce Coupe and Turin Generating emissions offsets = approximately 9.2 million in 2010 Increase efficiency with more methane to market 95k tonnes of CO2…
Our Power portfolio 13
Renewable and clean technology in Power Renewable: Wind power Run-of-river power Clean technology: Cogeneration Waste heat recovery 14
Harmattan Complex power initiatives Cogen I and II: 15MW, in service Q4, 2010 Increase plant fuel efficiency 15% We are reducing our CO2 equivalent by 44,000 tons/year The facilities consist of natural gas turbine/generators…
Crowsnest Pass project Waste heat recovery project in Sparwood, BC: 6MW, 60% interest Using the exhaust of gas turbines that would otherwise be vented to the atmosphere. Use the steam to create electricity which will be sold to the…
Delivering successful renewable power projects Efficient geographic footprint Strong contractual underpinnings / low cost Proximity to transmission and markets Minimal impact to environment Class 2 wind or better Permitability…
Renewable power Bear Mountain Wind Park 102 MW Operational since Oct 2009 25 year EPA with BC Hydro Ecologo, GreenE, California RPS Certified Own Renewable Energy Credits (REC) 18
Wind Power 260 MW advanced development Walker Ridge (70 MW) in Glenridge (100 MW) in California Alberta Five years wind data Good wind data Good access to Close to fully permitable transmission and market Good access to…
Renewable energy run-of-river Eskay Creek Mine 20
Run-of-river - NW Projects Forrest Kerr McLymont and Volcano Creek 270 MW capacity, in service mid-2014 Two developments totaling approximately 80 MW capacity 55 percent capacity factor In-service estimate: 2015-2016 60 year EPA…
Forrest Kerr - tunneling 22
Headwork and intake area 23
Construction activities - tunneling Total linear meters of tunneling: 4,870m Tunnel dimension: 10mX10m Three portals/access points Power tunnel intake Access tunnel Tailrace discharge Keys to successful tunneling: Consistent…
Aerial view of camp site and staging areas 25
Predictable, sustainable hydrological data 900 800 700 600 Discharge (m/s) Water flow used for generation 500 400 300 200 Design discharge of 252 m/s 100 Minimum release of 10 m/s 0 Jan Feb Mar Apr May…
Offsetting our CO2 emissions Reduced our GHG emissions by 1.3 million tonnes Reduced our GHG compliance costs by 5.6 million External Internal 27
Building a diversified power business Generation Capacity by Fuel Type 2010 2016E 28
Heritage Gas Ltd. providing a cleaner option Gas provides a 30-50% emissions advantage over oil Heritage Gas customers cumulative CO2 reductions at the end of 2010 were over 100,000 tonnes Partner with Efficiency Nova Scotia to…
Funding our 2011-2016 committed capital 1,100mm committed capital 1,200mm FCF (past 3 year average) 180mm DRIP 700mm dividends (at current rate) 1,000mm current bank liquidity* 1,800 million in uses 2,400 million in sources…
Looking forward 2011 2012 Stronger results from all Projects in service: businesses Co-stream Gordondale Phase I complete Cogen II Younger pipeline complete Waste heat recovery Higher deferred taxes Gordondale (non-cash…
AltaGas is a good place to be Strong, diversified asset base of gas, power Attractive portfolio of and utilities energy infrastructure Capital growth focused on stable, long-term contracted projects and regulated asset growth assets…
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