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Q1 2015 Earnings Call – Transalta Corp.

Transalta Corp. · Apr 28, 2015 · 13 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. Q1 2015 Earnings Call – Transalta Corp. – slide 1
    First Quarter 2015 Results April 28, 2015 1
  2. Q1 2015 Earnings Call – Transalta Corp. – slide 2
    Agenda Q1 Highlights Financial Summary 2015 Outlook Questions and Answers 3
  3. Q1 2015 Earnings Call – Transalta Corp. – slide 3
    Performance Highlights (in CAD millions) Q1 2015 Q1 2014 Change Comparable EBITDA 275 310 (35) Funds from Operations 211 238 (27) Free Cash Flow 110 139 (29) Sustaining Capital 70 64 (6) Adjusted Availability(1) 91.3% 91.5%…
  4. Q1 2015 Earnings Call – Transalta Corp. – slide 4
    2015 Strategic Objectives 1. Deliver results from the base business Achieve our fleet availability, safety and financial targets Continue to improve our Canadian Coal operations 2. Further strengthen our financial position…
  5. Q1 2015 Earnings Call – Transalta Corp. – slide 5
    2015 First Quarter Business Segment Performance (M) Business Unit Q1 2015 Q1 2014 Key Drivers Generation Segment Canadian Coal 95 95 Higher unplanned outages and lower prices offset by positive impacts from our contract profile and…
  6. Q1 2015 Earnings Call – Transalta Corp. – slide 6
    Comparable FFO and FCF (in CAD millions) Q1 2015 Q1 2014 Change Comparable EBITDA 275 310 (35) Interest (55) (61) 6 Current Income Tax Expense (6) (8) 2 Other adjustments (3) (3) 0 Funds from Operations 211 238 (27) Sustaining…
  7. Q1 2015 Earnings Call – Transalta Corp. – slide 7
    Sustaining Capital Q1 2015 sustaining capital of 70 million. We have revised our annual target range from 310-340 million to 295-325 million for 2015. M 8
  8. Q1 2015 Earnings Call – Transalta Corp. – slide 8
    Executing Our Funding Strategy TransAlta Renewables agreed to invest 1.8 billion in an economic interest based on the cash flows of TransAltas Australian portfolio in March 2015. TransAlta will receive upon closing in May 2015: 215…
  9. Q1 2015 Earnings Call – Transalta Corp. – slide 9
    Strengthening Our Financial Position FFO / Debt1 Our goal is to meet all obligations including sustaining the dividend and maintaining investment grade ratings in a low price environment As at March 31, 2015, 1.0 billion in available…
  10. Q1 2015 Earnings Call – Transalta Corp. – slide 10
    Hedges mitigating impact of low power prices Alberta Forward Curve Total portfolio contractedness MW 88% 82% 78% 69% 40 30 20 2015 2016 PacNW Forward Curve 30 Merchant exposure in Alberta and the Pacific NW 25 2015…
  11. Q1 2015 Earnings Call – Transalta Corp. – slide 11
    Growth Focus Wind acquisitions in the U.S. Life extension of existing assets by either: converting coal to gas or investing in Carbon Capture and Storage Support large industrial customers by offering behind the fence service…
  12. Q1 2015 Earnings Call – Transalta Corp. – slide 12
    Environmental Regulations The Facts Canadian federal regulations amended in 2012 designate useful life of coal plants as 50 years Weighted average life of TransAltas Alberta coal fleet is 17 years Flexibility provisions enabling unit…
  13. Q1 2015 Earnings Call – Transalta Corp. – slide 13
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