Skip to main content SCOTIA CAPITAL PIPELINE & PROCESSING DAY CONFERENCE – Altagas Limited Investor Presentation | Shale Experts
Loading...
Database
Slide Database

SCOTIA CAPITAL PIPELINE & PROCESSING DAY CONFERENCE – Altagas Limited

Altagas Limited · Nov 18, 2010 · 33 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. SCOTIA CAPITAL PIPELINE & PROCESSING DAY CONFERENCE – Altagas Limited – slide 1
  2. SCOTIA CAPITAL PIPELINE & PROCESSING DAY CONFERENCE – Altagas Limited – slide 2
    AltaGas Gas Business Growth Strategy Scotia Capital Pipeline and Processing Conference Toronto November 18, 2010 David Cornhill Chairman and Chief Executive Officer 2
  3. SCOTIA CAPITAL PIPELINE & PROCESSING DAY CONFERENCE – Altagas Limited – slide 3
    Forward-looking information Certain information presented today may constitute forward-looking statements with respect to AltaGas Ltd. Such statements reflect AltaGas Ltd.s current expectations, estimates, projections and…
  4. SCOTIA CAPITAL PIPELINE & PROCESSING DAY CONFERENCE – Altagas Limited – slide 4
    Leading energy infrastructure company Meeting energy demand Diverse assets Natural gas gathering and processing, liquids extraction, storage and distribution Gas-fired, coal and renewable power generation Financial strength…
  5. SCOTIA CAPITAL PIPELINE & PROCESSING DAY CONFERENCE – Altagas Limited – slide 5
    Gas business 5
  6. SCOTIA CAPITAL PIPELINE & PROCESSING DAY CONFERENCE – Altagas Limited – slide 6
    Canadian natural gas supply Growing unconventional gas supply in WCSB 25 20 Billion cubic feet/day 15 10 Mackenzie Valley* Nova Scotia Offshore BC Montney 5 BC Horn River Coalbed Methane Conventional Gas 0 2005…
  7. SCOTIA CAPITAL PIPELINE & PROCESSING DAY CONFERENCE – Altagas Limited – slide 7
    Growing our gas business Expand, consolidate or build processing facilities to meet producer demand Focused on active drilling areas Younger Groundbirch Pouce Coupe Gordondale Ante Creek Harmattan Co-stream Acme Grow…
  8. SCOTIA CAPITAL PIPELINE & PROCESSING DAY CONFERENCE – Altagas Limited – slide 8
    Gordondale processing facility 120 Mmcf/d natural gas processing facility and pipeline Long term gathering and processing agreement with Encana Capital estimate: 235 million Gathering pipeline in-service estimate: mid-2011…
  9. SCOTIA CAPITAL PIPELINE & PROCESSING DAY CONFERENCE – Altagas Limited – slide 9
    Pouce Coupe expansion Expansion of existing AltaGas plant to process 20 Mmcf/d sour gas Capital cost: 32 million Located in area of strong producer activity Completed August, 2010 9
  10. SCOTIA CAPITAL PIPELINE & PROCESSING DAY CONFERENCE – Altagas Limited – slide 10
    Groundbirch project 28 Mmcf/d gas plant Dedicated take-or-pay agreement Capital estimate: 28 million In-service estimate: Q4-2010 10
  11. SCOTIA CAPITAL PIPELINE & PROCESSING DAY CONFERENCE – Altagas Limited – slide 11
    Harmattan Co-stream project 100 km pipeline Capital estimate: 100-130 million ERCB hearing completed on September 9, 2010 MOU with NOVA for long-term cost-of- service 11
  12. SCOTIA CAPITAL PIPELINE & PROCESSING DAY CONFERENCE – Altagas Limited – slide 12
    Younger extraction plant Facility expected to be close to full capacity by year-end 2011 New volumes from northeast B.C. developments Working on a pipeline project to bring liquid-rich gas from Montney area 12
  13. SCOTIA CAPITAL PIPELINE & PROCESSING DAY CONFERENCE – Altagas Limited – slide 13
    Acme expansion Expansion of existing AltaGas plant to process additional Horseshoe Canyon CBM natural gas Capital cost: 5 million In-service: Q3-2010 Opportunities for further expansion 13
  14. SCOTIA CAPITAL PIPELINE & PROCESSING DAY CONFERENCE – Altagas Limited – slide 14
    Ante Creek expansion Expansion of existing AltaGas plant to process up to 20 Mmcf/d Capital estimate: 13 million In-service estimate: Q4-2010 Opportunities for further expansion 14
  15. SCOTIA CAPITAL PIPELINE & PROCESSING DAY CONFERENCE – Altagas Limited – slide 15
    Growing our natural gas distribution Grow natural gas distribution rate base Expect approximately 20% consolidated rate base growth in 2010 Over 200MM capex in the next 5 years Driven primarily by: Expansion of Heritage Gas…
  16. SCOTIA CAPITAL PIPELINE & PROCESSING DAY CONFERENCE – Altagas Limited – slide 16
    Natural gas distribution rate base growth Rate Base 600 M illions () 409 421 437 452 356 390 400 299 250 200 0 2009A 2010O 2011 2012 2013 2014 2015 2016 AUI Heritage Total AUI 9% rate base growth per year in 2011 2016…
  17. SCOTIA CAPITAL PIPELINE & PROCESSING DAY CONFERENCE – Altagas Limited – slide 17
    Growth and diversification strategy at work EBITDA 10% Unhedged Commodity 20% Hedged Commodity 18% 20% Fee for Service 26% 25% Renewable Long Term 27% Contracted 4% Reg Utility and Contracted 25% 25% 2010E 2016E…
  18. SCOTIA CAPITAL PIPELINE & PROCESSING DAY CONFERENCE – Altagas Limited – slide 18
    Capital growth plans Objective: 2B in organic growth (2010-2016) 2,000 2010 progress report: +1.2B in committed growth capital (2010-2016) 1,500 ( millions) Awaiting regulatory 1,000 approval: Harmattan Co-stream (100-…
  19. SCOTIA CAPITAL PIPELINE & PROCESSING DAY CONFERENCE – Altagas Limited – slide 19
    Our disciplined focus Grow strong and stable earnings and cash flows Committed capital plan focused on long-term contracted projects and regulated asset growth Continue strengthening our existing gas and power businesses Diversify…
  20. SCOTIA CAPITAL PIPELINE & PROCESSING DAY CONFERENCE – Altagas Limited – slide 20
  21. SCOTIA CAPITAL PIPELINE & PROCESSING DAY CONFERENCE – Altagas Limited – slide 21
    Appendix 21
  22. SCOTIA CAPITAL PIPELINE & PROCESSING DAY CONFERENCE – Altagas Limited – slide 22
    AltaGas strategy Continued focus on: First, optimizing existing business Second, growing and diversifying our business Grow gas and power businesses in: Canada Northern and Western US Reduce carbon footprint through growth in…
  23. SCOTIA CAPITAL PIPELINE & PROCESSING DAY CONFERENCE – Altagas Limited – slide 23
    Power business 23
  24. SCOTIA CAPITAL PIPELINE & PROCESSING DAY CONFERENCE – Altagas Limited – slide 24
    Our power operating assets today 353 MW coal-fired generation 39 MW gas-fired peaking capacity 102 MW Bear Mountain wind park operational since October 2009 Interest in 7 MW Boston Bar run-of-river hydro 13 MW Harmattan Co-gen…
  25. SCOTIA CAPITAL PIPELINE & PROCESSING DAY CONFERENCE – Altagas Limited – slide 25
    Renewable power projects Run-of-river projects 400 MW under development NW projects (277 MW) In-service estimate: 2014-2016 Waste heat recovery 9 MW project selected for EPA with BC Hydro Wind projects 1,500 MW under…
  26. SCOTIA CAPITAL PIPELINE & PROCESSING DAY CONFERENCE – Altagas Limited – slide 26
    NW power projects Forrest Kerr Project Capacity 277 MW Total 195 MW 60 year EPA with BC Hydro 100 per cent CPI indexed Forrest Kerr Returns: expect after-tax 195-MW unlevered IRR in low double McLymont digits 66-MW Creek…
  27. SCOTIA CAPITAL PIPELINE & PROCESSING DAY CONFERENCE – Altagas Limited – slide 27
    Harmattan co-generation project 13 MW cogeneration facility at Harmattan Complex Provide steam required to process gas Produce electricity for sale to grid Capital estimate: 22 million In-service Q4 2010 27
  28. SCOTIA CAPITAL PIPELINE & PROCESSING DAY CONFERENCE – Altagas Limited – slide 28
    Building a diversified power business Generation Capacity by Fuel Type 2010 2016E 21% Coal 29% 1% Natural Gas 34% 8% Hydro Wind 71% 8% 29% Disciplined, structured approach to increasing generation capacity Strategic…
  29. SCOTIA CAPITAL PIPELINE & PROCESSING DAY CONFERENCE – Altagas Limited – slide 29
    Financial highlights Net Income 250 200 22% 163.6 R = 141.3 150 C AG 114.5 108.8 90.3 100 65.8 76.1 38.3 50 17.6 19.2 29.4 0 2000 2001 2002 2003 2004 2005 2006 2007* 2008 2009 YTD 2010** * 2007 net income shown net…
  30. SCOTIA CAPITAL PIPELINE & PROCESSING DAY CONFERENCE – Altagas Limited – slide 30
    Financial highlights 350 300 250 R = 17% CAG 217 202 200 Funds From Operations 162 163 150 137 129 109 90 100 71 50 41 50 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 YTD 2010* 350 300 R = 16% 250 CAG…
  31. SCOTIA CAPITAL PIPELINE & PROCESSING DAY CONFERENCE – Altagas Limited – slide 31
    Financial highlights Capital Structure 2,500 2,000 42% 1,500 49% 37% 9% 1,000 33% 27% 35% 36% 500 63% 51% 49% 65% 64% 67% 73% 0 2004 2005 2006 2007 2008 2009 2010* Equity Preferred shares Debt Balance sheet…
  32. SCOTIA CAPITAL PIPELINE & PROCESSING DAY CONFERENCE – Altagas Limited – slide 32
    Term debt maturity profile 250 200 ( millions) 150 100 50 0 2010E 2011E 2012E 2013E 2014E 2015E 2016E 2017E 32
  33. SCOTIA CAPITAL PIPELINE & PROCESSING DAY CONFERENCE – Altagas Limited – slide 33
    Funding our 2011-2014 committed capital 800mm FCF (past 3 yr avg)* 850mm committed capital 100 mm DRiP 450mm dividends (at current rate) 625mm current available credit facilities** 1.3B in uses 1.5B in sources Ample…

From the store

Browse maps, data & reports in the Shale Experts store