Corporate overview 9 billion 8.6 billion 915% 1,700 enterprise value1 total assets2 total shareholder return3 employees2 Ticker Symbol TSX:ALA Market Capitalization1 5.4 billion Dividend Yield1 4.8 percent Shares Outstanding2…
Clear vision and solid strategy Vision Strategy To be a leading North To capitalize on opportunities American diversified energy created by the renaissance of infrastructure company natural gas in North America and the increasing…
Achieved extraordinary growth 1994 2015 40.042 8.4 billion 1999: TSX Listing 3 0.60 3.5 million 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 1 Total assets Total shareholder return 1 Based on 100 investment…
Long life, diversified, clean energy infrastructure EBITDA2 by segment 2 Bcf/d Gas of natural gas Processing and moving Gas transacted natural gas to key Power markets including Asia Utilities 1,530 MW Power of power…
Growing regulated and contracted earnings Gas Power Utilities Strong contractual underpinnings Northwest Projects increasing total Over 200 million in EBITDA growth contracted EBITDA to more than 75 since 2009 Majority of NGL…
Strong financial capability Strong balance sheet Ample bank line capacity Debt-to-capitalization Target 1.8B Remaining capacity Utilized 0.1B Q1 2009 Q1 2015 2014 2015 See forward-looking statements &…
7.5 billion in growth opportunities 2015-2019 Growth CAPEX 4B Contracted or regulated, fully financed advanced growth opportunities 2B Utilities 1.5B Power Gas Committed Under development Energy export expansions &…
Growing our Gas portfolio 5 billion capital spend program 2015 2019 Increase gas processing capacity Increase gas processing LPG export capacity expansion Fractionation LNG export expansion expansion Regional LNG LPG…
AltaGas LPG export offering Sourcing Logistics Markets RAW GAS Existing extraction, NGL Storage, rail & Ferndale processing & truck offloading2 Terminal1 fractionation Abundant natural gas New processing New storage, rail…
Growing our LPG business on the U.S. west coast Ferndale Exporting LPG to Asia Achieved record export volumes in 2014 750,000 Bbls of current storage capacity Ramping up to 30,000 Bbls/d of exports over next few years Facility…
AltaGas LNG export offering Sourcing Logistics Markets Existing extraction, RAW processing & GAS fractionation Abundant natural gas New processing infrastructure ASIAN MARKETS PNG pipeline SALES Douglas Channel GAS…
PNG pipeline provides competitive advantage Only existing natural gas pipeline that connects to Kitimat and Prince Rupert Shippers backstop development costs Rate base growth Lower costs to current customers British…
Advancing Canadian west coast LNG terminal British Columbia Map not to scale See forward-looking statements & information 14
Douglas Channel LNG exports as early as 2018 0.55 million tonnes per year capacity Long-term lease agreements executed with Haisla Nation for land and water tenure Lease agreement executed with PNG for long-term pipeline…
Consortium partners Responsible for the EDF Trading will be the AltaGas will act as the development and operation of LNG offtaker for Douglas Douglas Channel LNG the floating liquefaction facility Channel LNG project manager at…
Planned LNG export barge phase I Source: EXMAR; Image of a floating LNG barge currently under construction See forward-looking statements & information 17
Building our capability in northeast British Columbia Pursuing 1 Bcf/d of new processing capacity in liquids- rich areas 1 billion in investment opportunities Providing an integrated liquids egress solution NGL transported by…
Phase I: 198 Mmcf/d shallow-cut natural gas processing facility Townsend Located in the Montney resource play; 100 kilometers north of Fort St. John Painted Pony Petroleum Ltd. has rights to 150 Mmcf/d of firm capacity at start-up,…
Excellent operating performance at Northwest Projects 195-MW Forrest Kerr facility 16-MW Volcano Creek facility Consistent and steady operations Completed two-years ahead of schedule throughout Q1 with seasonally low water flows…
66-MW McLymont Creek Milestone Status Complete intake access road Complete Excavate 2.8 km tunnel Complete Construct intake and weir Q2 2015 Construct transmission line Mid-2015 and switch gear Construct powerhouse and Mid-2015…
Growing clean energy in California Blythe II (Sonoran Energy Project) Blythe III Acquired Sonoran project in 2014 Gas-fired project; fully permitted and shovel Blythe II ready Nevada Competitively positioned to participate in…
Growing and improving our Utilities 1 billion capital spend program 2015 2019 Million 700 600 million increase in rate base over next five years 600 500 Capital spend Depreciation 400 300 200 100 0 2015F 2015E 2016F…
Long-term cash flow growth FFO per share1 3.72 2.61 2011 2014 Forecast 1Normalized See forward-looking statements & information 25
Creating shareholder value Excellent track record TSR: Stable earnings and cash flow 915%1 Strong yield and growth potential 10.22 1994 1999 April Listed on TSX 2015 1Based on 100 investment made on July 22, 1999 ending…
Appendix See forward-looking statements & information 27
Q1 2015 highlights Significant EBITDA growth Increased dividend by 0.0125 per share Million 200 driven by new assets1 per month (1.92 per share annualized) 180 178 million in normalized EBITDA 160 140 million in normalized…
Strong track record of growth Normalized EBITDA Normalized Funds From Operations Million Million 600 500 500 400 400 300 300 200 200 100 100 0 0 2014 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2005…
Capital allocation program drives growth Disciplined in managing balance sheet and allocating capital Excess Normalized FFO available Million for capex and dividend growth 26% 30
Balanced debt and capital structure Manageable capital structure1 Average debt maturity of 8.5 years2 Million 600 300 0 AltaGas Ltd. SEMCO PNG 1As of March 31, 2015 2 Asof April 29, 2015 31 See forward-looking…
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