whats NEXT. Investor Update November 2008 Forward-looking information Certain information presented today may constitute forward-looking statements with respect to AltaGas Income Trust (the Trust). Such statements reflect…
A pure play in energy infrastructure Business Operations and/or Development Opportunities AltaGas Offices 3 Year-to-date 2008 in review Gas Power Acquired and integrated Taylor NGL Acquired 1,000 MW of renewable energy…
Strong performance in 2008 YTD September 30, 2008 Gas results increased 80 percent over same period 2007 Larger infrastructure base Higher realized frac spreads and higher rates and revenues from FG&P Scheduled turnarounds and some…
Funding future growth 750 million in total credit facilities Operating liquidity More than 350 million available (1) 65-75 million TTM non-distributed cash flow (1)(2) Smaller, organic Available credit facilities projects…
Strong financial metrics Debt as a percentage of total capital* EBITDA to Interest 60% 16x 14x 50% 12x Target Range 40% 10x 5.4 x BBB Median* 8x 30% 6x 20% 4x 10% 2x 0x 0% 2003 2004 2005 2006 2007 TTM 2003 2004 2005 2006…
Prepared and positioned for 2011 Prepared to convert to a corporation by 2011. We are well positioned based upon: 9 Earnings focused and strong track record of growing earnings 9 Low payout ratio target 65-75% of funds from…
Our business Meeting energy demand Gas and power infrastructure Large fixed-return component Long-term contracts Stable cash flow 13 Gas assets Extraction plant Transmission Pipeline BRITISH COLUMBIA ALBERTA…
Growing our gas business 100 80 60 40 20 0 2003 2004 2005 2006 2007 TTM 2008 * * Operating income for the trailing twelve months ended September 30, 2008 Indicates operating income for nine months ended September…
Growing our power business 120 100 80 60 40 20 0 2003 2004 2005 2006 2007 TTM 2008 * * Operating income for the trailing twelve months ended September 30, 2008 Indicates operating income for nine months ended…
Alberta demand/supply outlook Alberta Internal Peak Demand Forecast vs. Alberta Firm Generation Capacity Sources: AESO demand forecast; AltaGas generation capacity forecast 21 Strong forward prices Approximately…
Harmattan Co-streaming Project NGL Extraction Convention Inquiry Decision expected in fourth quarter 2008 Evidence suggests Inquiry will support co-streaming Project status Expect to resubmit application following Inquiry…
Gas storage projects Sarnia gas storage project under construction Valuable infrastructure asset plan to be online in 2009 Pursuing additional storage in Michigan ONTARIO Lake Huron Lake Ontario MICHIGAN Burlington Lake…
Bear Mountain Wind Park Construction underway turbine foundations complete Project on time and on budget Expect cash flow in late 2009 Diversifying power portfolio 29 Wind projects Net Status Capacity (MW) Mature…
Run-of-river projects Hydro Power Generation Capacity Hydro Power Generation Location Project (MW) Under Development Forrest Kerr 195 Northwest McLymont Creek 60 BRITISH B.C. More Creek 60 COLUMBIA Volcano Creek 10 Rainy River…
Growth projects Capital Project In-service Return Status ( millions) Installed and Peaking plants 12 Q3-2008 Low teens generating power Majority of projects Harmattan initiatives 55 Q4-2008 High teens complete & operational…
Whats NEXT. Long-life, stable and sustainable cash flows Pure play energy infrastructure Balance between gas and power Quality growth opportunities Well-positioned for conversion by 2011 35
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