AltaGas Ltd. Delivering superior returns TD London Energy Conference 2012 January 16, 2012
Were a leading energy infrastructure company 3
AltaGas Ltd. (TSX:ALA) Diversified energy infrastructure Financial strength Enterprise value 4 billion BBB (stable) credit rating Natural gas gathering and Bank liquidity and cash on hand of processing, transmission, liquids over 1…
Doubling EBITDA with projects under construction 2010 2015E EBITDA excludes corporate G&A charges 5 See Forward-Looking Statements & Information 5
Canadian natural gas supply Price Recovery Case Note: Prices recover to at least a level of 5.50/GJ Continued Low Prices Case Note: Prices do not exceed 4/GJ over the forecast period Note: Prices do not exceed 4/GJ over…
LNG export drivers Source: Ziff Energy Group; North American LNG Exports, 2011 7
Western Canada LNG opportunity Source: Ziff Energy Group; North American LNG Exports, 2011 8
35 B in infrastructure investment required Source: Ziff Energy Group; North American LNG Exports, 2011 9
AltaGas strategically located assets 10
Significant operational and construction management capability Gas Power Utilities Produce 50,000 Bbls/d of C2+ Generate over 500 MW power: Operate three utilities in Canada (Alberta, British Columbia, and Process 0.4 Bcf/d at field…
Gas projects in service in 2012 - 0.5 B growth Gas projects in service in 2012 will add 70 million in annualized EBITDA Gordondale Harmattan Co-stream 120 Mmcf/d deep cut 250 Mmcf/d, 100 km, 24 pipeline Long-term gas supply 20-year…
Younger extraction plant Licensed capacity 750 Mmcf/d 15,000 Bbls C2+ produced Processing 600 Mmcf/d Only fractionation plant in BC Rail, truck and pipeline interconnectivity Evaluating debottlenecking options to move to…
We deliver clean power to the BC grid Bear Mountain Wind Farm 400 MWs clean power under construction or development 32 turbines, gross capacity to serve BC market 102 MW British Columbias first wind farm 25-year indexed EPA with…
NW run-of-river projects - 1 B growth Forrest Kerr McLymont and Volcano Creek 195 MW capacity Two developments totaling approximately 82 MW capacity 55% capacity factor 60 year EPA with BC Hydro 60 year EPA with BC Hydro 100…
0.5 B in Utility growth 500 million rate base PNG acquisition 230 million Approximately 270 million capex in the next 5 years See Forward-Looking Statements & Information 16
Rapidly growing EBITDA Adding highly contracted, long-life infrastructure Growing earnings Enhancing earnings stability See Forward-Looking Statements & Information 17
Growth opportunities in all our businesses Gas Power Utilities Current: Current: Current: Produce 50,000 Bbls/d of C2+ Generate over 500 MW power: Operate three utilities in Canada (Alberta, British Columbia, and Process 0.4 Bcf/d…
AltaGas is a good place to be Strong, diversified base of gas, power and utility assets Attractive portfolio of energy Capital growth focused on stable, long-term contracted infrastructure assets projects and regulated rate base growth…