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JANUARY 2007 CORPORATE PRESENTATION – Altagas Limited

Altagas Limited · Jan 17, 2007 · 16 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. JANUARY 2007 CORPORATE PRESENTATION – Altagas Limited – slide 1
    1/17/2007 AltaGas Income Trust January 2007 MTN offering Presentation Agenda Business Overview Development Strategy Financial Review Summary Terms 2 1
  2. JANUARY 2007 CORPORATE PRESENTATION – Altagas Limited – slide 2
    1/17/2007 Business Overview A Tradition of High Performance AltaGas Business Model AltaGas creates value by strategically linking asset and service components of the energy value chain Create, operate and grow an…
  3. JANUARY 2007 CORPORATE PRESENTATION – Altagas Limited – slide 3
    1/17/2007 Strategy Optimize assets and maintain high reliability Organic growth through expansion and extension of current assets and services Pursue selective value-added acquisitions that add to net income and cash…
  4. JANUARY 2007 CORPORATE PRESENTATION – Altagas Limited – slide 4
    1/17/2007 Diversified Energy Trust EBITDA TTM as at Sept 30th, 2006 4% Field Gathering and Processing 26% Extraction and Transmission 47% Power Generation 23% Energy Services Operational diversity provides…
  5. JANUARY 2007 CORPORATE PRESENTATION – Altagas Limited – slide 5
    1/17/2007 Extraction and Transmission 539 Mmcf/d extraction inlet capacity, including Albertas newest extraction plant 2006 YTD average production 12,895 Bbls/d ethane and 6,526 Bbls/d NGLs 6 transmission pipelines…
  6. JANUARY 2007 CORPORATE PRESENTATION – Altagas Limited – slide 6
    1/17/2007 Energy Services Energy procurement and consulting services, natural gas transportation and storage optimization to end-use customers Commercial and industrial users 1,342 energy management contracts YTD in 2006…
  7. JANUARY 2007 CORPORATE PRESENTATION – Altagas Limited – slide 7
    1/17/2007 Balanced Capital Spending 250 FG&P E&T Power Generation Energy Services 200 Capex in millions 150 100 50 0 2001 2002 2003 2004 2005 2006 13 2006 Projects Expansions - Prairie River (FG&P) -…
  8. JANUARY 2007 CORPORATE PRESENTATION – Altagas Limited – slide 8
    1/17/2007 Field Gathering and Processing Continued focus on organic growth 40 million capital in 2007 Capture FG&P opportunities Growing coal bed methane production Consolidation Expanding West towards increased exploration…
  9. JANUARY 2007 CORPORATE PRESENTATION – Altagas Limited – slide 9
    1/17/2007 Power Generation Targeted development of coal, gas-fired and renewable power generation assets that provide stable, sustainable, and low-risk cash flows Negotiate long-term PPAs with creditworthy utility buyers…
  10. JANUARY 2007 CORPORATE PRESENTATION – Altagas Limited – slide 10
    1/17/2007 Financial Review Growth Through Disciplined Management Net Income 100 90 80 90.3 87.2 70 millions 60 65.8 50 YTD Q3 Actuals 40 30 38.3 29.4 20 10 0 2002 2003 2004 2005 YTD 2006 Q1 Q2 Q3 Q4…
  11. JANUARY 2007 CORPORATE PRESENTATION – Altagas Limited – slide 11
    1/17/2007 EBITDA 160 155.5 133.4 140 121.9 128.6 120 94.8 millions 100 80 YTD Q3 60 Actuals 40 20 0 2002 2003 2004 2005 YTD 2006 YTD 2006 is an 11% increase from YTD 2005 21 Funds from Operations…
  12. JANUARY 2007 CORPORATE PRESENTATION – Altagas Limited – slide 12
    1/17/2007 Financial Targets Target Target Rationale Description Credit rating BBB- to BBB+ Efficient access to capital markets Distribution 70-80% of funds Underpin AltaGas market valuation payout from operations while…
  13. JANUARY 2007 CORPORATE PRESENTATION – Altagas Limited – slide 13
    1/17/2007 Financial Metrics: Debt to Capitalization % 70% 59% 60% 55% 52% 50% 43% 40% 36% 35% 30% 20% 10% 0% 2001 2002 2003 2004 2005 Q3 2006 AltaGas balance sheet continues to strengthen 25 AltaGas and…
  14. JANUARY 2007 CORPORATE PRESENTATION – Altagas Limited – slide 14
    1/17/2007 AltaGas and Comparables: Debt to Capitalization % 60% 50% 50% 49% BBB 42% Median 40% 37% 35% 30% 20% 10% A- / A (L) BBB BBB BBB 0% EPCOR TransAlta Pembina InterPipe AltaGas Power Relative to comparables,…
  15. JANUARY 2007 CORPORATE PRESENTATION – Altagas Limited – slide 15
    1/17/2007 Tax Update 31.5% tax on income component of distributions begins 2011 Tax pools at September 30, 2006 more than 600 million Fundamentals of business will continue to be strong Disciplined financial management…
  16. JANUARY 2007 CORPORATE PRESENTATION – Altagas Limited – slide 16
    1/17/2007 Summary Terms Issuer: AltaGas Income Trust Principal Amount: 100 million Issue: Senior Unsecured Notes Term/Amortization: 5-year, bullet maturity Benchmark Bond: Interpolated September 2011 and June 2012 Payments:…

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