Forward-looking information y Certain information presented today may constitute forward- looking statements with respect to AltaGas Income Trust (the Trust). Such statements reflect the Trusts current expectations, estimates,…
Taking good care of business y Meeting energy demand y Strong returns to investors y Quality growth opportunities 5 Disciplined financial and business strategy y Ensure strength and stability through economic cycles y…
Strategic growth and performance y Strong cash flows from stable assets Taylor executed and integrated Expect current growth projects to add 25 million EBITDA in 2010 y Sarnia Storage online Q2-2009 y Bear Mountain Wind Park…
Solid Q1 results Q1-09 operating income = 44.7 million Q1-08 operating income = 47.6 million 24.1 Power 25.9 28.4 28.9 Gas * Chart excludes * Chart excludes corporate loss of corporate loss of 7.8 million 7.2 million Net…
Growth through stable revenue sources Gas operating income Q1-09 net revenue from 120 gas business 103.6 100 11% 6% 80 ( millions) 63.3 60.0 59.3 60 21% 47.8 62% 40 28.4 20 Contractually fixed Fixed fee Hedged…
Gas outlook y Impact of 2008 and 2009 capital program y Stronger extraction volumes no scheduled turnarounds y Hedged 60 percent of 2009 frac spread exposed NGLs at 27/Bbl 13 Power assets Coal-fired power generation…
Growth through stable revenue sources Power operating income 117.9 Q1-09 net revenue from 120 power business 100 94.6 90.9 30% 80 ( millions) 60 48.7 40 35.8 70% 24.1 20 Hedged revenue Unhedged revenue 0 2004…
Arrival of turbines 17 Arrival of turbines 18
Power outlook y Hedged 2/3 of 2009 and 50 percent of 2010 Sundance generation at 76/MWh y Impact of 2008 and 2009 capital program 19 2009 another strong year 20
Capital expenditures y 2009 planned capex = 250 million 210 million committed 250 y Gas 200 Pouce Coupe sour gas expansion ( millions) 150 Harmattan initiatives 100 Other E&T y Power 50 Bear Mountain 0 Renewable energy…
Harmattan Co-stream Project y Will significantly increase liquids volumes y Uses existing infrastructure, minimizes proliferation y Will enhance Alberta petrochemical industry y Strong industry support for project y Promotes…
Wind power Wind power generation under construction Wind power generation under development 25 Wind projects Development Estimated portfolio capacity (MW) Canada Alberta 100 Manitoba 400 United States California…
Run-of-river projects Log Creek and Kookipi Creek projects hold PPAs from BC Hydros 2006 Call for Power Hydro Power Generation Hydro Power Generation Under Development 27 Run-of-river projects Location Project…
2010 and beyond y Stable and sustainable cash flows Low-risk, long-life assets y Substantial growth opportunities Financed by strong balance sheet and internal cash flow y Corporate structure in 2011 Competitive dividend…
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