AltaGas Investor Presentation January 2008 Forward-looking information Certain information presented today may constitute forward-looking statements with respect to AltaGas Income Trust (AltaGas). Such statements reflect the…
Positioning AltaGas for further growth and greater unitholder value The Taylor Acquisition Transaction overview November 12: Take-over bid for Taylor announced 11.20 cash or 0.42 of an AltaGas trust unit or exchangeable LP…
Positioned for further growth and greater unitholder value AltaGas post-Taylor acquisition We are aligned and balanced, with strong cash flow diversity Integration is underway and will be seamless Similar businesses, models and…
Our Gas and Power Businesses AltaGas assets at January 10, 2008 In addition, the Sarnia Storage project is currently under development in Sarnia, ON 8
Our gas business: January 10, 2008 Diversified and integrated infrastructure touching more than 2 Bcf/d of natural gas 7 NGL extraction and 2 fractionation facilities with 1.6 Bcf/d of inlet capacity and 81,000 Bbls/d of NGL…
Our power business: January 10, 2008 Supplies 5% of Albertas electricity demand Rights to 353 MW of coal-fired generation until 2020 39.4 MW of gas-fired peaking capacity Small run of river hydro interest in B.C.…
Power business will continue to be strong Approximately two-thirds of 2008 PPA volumes hedged in mid-70/MWh, up from 66/MWh in 2007 Power price AECO price 90 10 80 9 AECO Gas Price (/GJ) 8 Power Price (/MWh) 70 7…
Planned capital expenditures Project In-service date Bear Mountain Nov. 2009 Wind Park Current estimate of growth Southern AB Early 2008 expenditures : peaking plants Log Creek and 2008: 100 million 2010 Kookipi Creek…
energy to GROW the gas business (continued) Sarnia gas storage 50% ownership 5.3 Bcf working capacity with 52 Mmcf/day of deliverability OEB application submitted Dec. 28, 2007 Harmattan Co-streaming: Proposal to use spare capacity…
energy to GROW the power business (continued) Existing projects to grow power by 34% by 2010 Bear Mountain Wind: 100 MW wind park Target ownership 45% Construction began late 2007 All environmental and regulatory approvals…
Financial Overview Financial benefits of Taylor acquisition Increased size Enterprise value approximately 2.3 billion Increases liquidity and access to lower cost capital Increases financial strength Accretive to cash flow…
A more diversified business AltaGas 2007 EBITDA AltaGas + Taylor EBITDA To September 30, 2007 To September 30, 2007 22% Extraction & Transmission Field Gathering & Processing 38% 41% Energy Services 53% Power Generation…
Financial structure Committed to investment grade rating Debt as a percentage of total capital* Trust stability rating 60% S&P: SR-3 50% DBRS: STA-3 (middle) 40% Rating on medium-term notes 30% S&P: BBB- 20% DBRS: BBB (low)…
Positioned for further growth and greater unitholder value Integration is underway and will be seamless Balanced asset base Excellent business outlook for gas and power Capable and experienced management team Excellent…
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