AltaGas Ltd. TD Securities London Energy Conference January 14, 2013 1
Were a leading energy infrastructure company 3
Delivering superior growth Enterprise value over Growth in dividends 6 billion 4.3 percent increase in 2012 Market cap 3.5 billion Long-term, stable and Diversified energy predictable cash flow infrastructure in Canada and the U.S.…
Diversified energy infrastructure Gas Power Utilities Process and transport over 2.0 Generate over 550 MW power: Operate three Canadian Utilities and Bcf/d two Utilities in the U.S. - 353 MW coal in Alberta Produce 50,000 Bbls/d of…
Key milestones in 2012 Delivering double digit growth in earnings and cash flow per share More than doubled rate base with SEMCO acquisition 20 percent increase in gas processing capability 13 percent increase in power…
Natural gas - growing demand and supply Strong demand growth Fuel switching in manufacturing Growing gas-fired power generation CNG, LNG, and gas-to-liquids opportunities Strong supply growth Technology advances Liquids-rich…
Growing Canadian resource picture Existing Conventional Tight Gas Shale Gas Northern Coalbed Produced Offshore Methane 390 TCF 700 - 1300 TCF 70 years of supply 100+ years of supply Source: Canadian Society for…
Growth in key liquids-rich gas plays BC PNG Pipeline Corridor Hydro Power Generation Under Construction Montney Extraction Plant Duvernay PNG Pipeline Gas Plant BC Hydro Northwest Wind Power Generation Transmission…
Our Gas business Process and transport over 2.0 Bcf/d Produce 50,000 Bbls/d of C2+ Two-thirds of processing capacity serving liquids-rich areas Well positioned to meet producers needs Strong construction and operating…
Throughput growth at Harmattan in 2012 In-service: Q4 2012 250 Mmcf/d, 100 km pipeline increases throughput to near full capacity of 490 Mmcf/d 20-year cost-of-service agreement with NOVA Chemicals Located near Mannville and…
Growth in deep-cut processing capacity in 2012 Gordondale In-service: Q4 2012 120 Mmcf/d deep cut capacity Long-term committed contract with Encana Located in the Montney: largest low-cost liquids-rich resource play in the WCSB…
Gordondale gas plant strong drilling results Potential Future Expansion 13
Growth in deep-cut processing capacity in 2012 Expanded Blair Creek 50 Mmcf/d completed and commissioned in August 2012 Represents 5 percent increase in total gas processed Long term committed contracts with three active…
NW run-of-river projects under construction Forrest Kerr McLymont and Volcano Creek 195 MW capacity 82 MW capacity 60-year fully CPI indexed EPA with BC Hydro 60-year fully CPI indexed EPA with BC Hydro Capital cost estimate: 725…
Strong cash flow from Utilities in 2013 Growing volumes Strong rate base growth from volume demand and system betterment Greenfield expansion 900 Fuel switching Rate Base (millions) Natural gas fired power 700 generation…
Opportunities across businesses and geographies 17
35B in infrastructure investment required LEGEND PNG Pipeline (owned by ALA) Pacific Trail Pipeline Liard Cordova Basin Embayment Horn River Feasibility Study Aitken Creek Expansion of PNG Storage pipeline to 600 Mmcf/d…
PNG: strategically located Only pipeline from producing regions in Alberta and BC to the west coast New market access as early as 2015 Rate base growth Lower transportation tolls See Forward-Looking Statements & Information 20
LNG: growth potential across all businesses Utilities Power Increased generating capacity to Utilizing existing capacity on support growth PNG Pipeline Gas 30-year firm transportation arrangement with LNG Partners Increased processing…
A leading energy infrastructure company 2012 to 2014 2014 2014 Post 2014 Significant opportunities post-2014 See Forward-Looking Statements & Information 22
Delivering strong earnings and cash flow growth Strong, diversified business Attractive portfolio of energy Capital growth focused on stable, long-term infrastructure assets contracted projects Opportunities to grow Proven track…
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