American Gas Association 2013 Financial Forum Steve Clark, Senior VP, Canadian & Eastern US Natural Gas Pipelines May 6, 2013
Leading North American Energy Infrastructure Company One of North Americas Largest Natural Gas Pipeline Networks 68,500 km (42,500 mi) of pipeline 14 Bcf/d or 20% of demand Third Largest Natural Gas Storage Operator 406 Bcf of…
Our Value Proposition Track Record of Delivering Shareholder Value 13.3% average annual return over the last 12 years Visible Attractive Strong Growth Dividend Financial Position 26 billion of 3.7% yield Capacity to fund…
Dividends Per Common Share Track Record of Dividend Growth 1.84* 7% CAGR 0.80 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13E * annualized based on second quarter declaration
13 Billion of Assets Expected to be In-Service by 2015 Capital Cost* Expected Total Invested In-Service Revenue Project (Billions) to Date Date Stream NGTL System 2.2 0.3 2013-2015 Cost of Service Gulf Coast Project 2.6 1.5 2013-2014…
EBITDA Outlook 2012 Actual Post 2015 Outlook* 0 1 2 3 4 5 6 7 Billions * From existing assets and projects expected to be placed in service by the end of 2015
Gulf Coast and Keystone XL Gulf Coast Project US2.6 billion Initial capacity of up to 700,000 bbl/d; ultimate capacity of 830,000 bbl/d Construction 70 per cent complete; Service to Port Arthur in late 2013 and Houston in mid…
Keystone Pipeline System 1.4 million bbl/d ultimate capacity More than 1.1 million bbl/d contracted for an average term of 17 years 33% of Canadian oil exports Expected to generate US1.7 billion of contracted EBITDA when…
Alberta Regional Oil Pipeline Business 3.4 billion of secured projects 1.5 billion Grand Rapids Project 900 million Heartland Pipeline and TC Terminals Projects 660 million Northern Courier Project 275 million Hardisty…
Energy East Pipeline Proposal Montreal/Quebec Ultramar 265 Suncor 137 Saint John Irving 300 Halifax Imperial 82 Open season commenced April 15, 2013 Looking to obtain firm commitments to transport crude oil from Western…
Natural Gas Pipelines Strategy Maintain pre-eminent position in Alberta for production and market connections Pursue oil sands and West Coast LNG markets using NGTL facilities Enhance competitiveness of Canadian Mainline Seek…
Canadian Mainline Important piece of North Americas natural gas pipeline network that connects the WCSB to multiple markets Q1 2013 Volumes: Western Receipts 2.6 Bcf/d; Total Deliveries 4.7 Bcf/d Received decision from the National…
Canadian Mainline On May 1, 2013, filed Application for Review and Variance of the NEB decision on our Canadian Restructuring Proposal Seeking changes to certain elements that will allow TransCanada to work within the decision…
NGTL System Transports approx 10 Bcf/d or 70% of WCSB supply 2.2 billion of new investments 740 million of NEB approved projects 1.5 billion associated with Prince Rupert Gas Transmission project Expected to play a key role in…
West Coast LNG Pipeline Projects Coastal GasLink Approx. 4 Billion investment Initial capacity of more than 1.7 Bcf/d Serve LNG facility proposed by Shell, Korea Gas, Mitsubishi and PetroChina Estimated to be in-service toward…
Mexico Natural Gas Pipeline Assets US2.5 billion of operating pipelines and projects Secured by 25-year contracts with CFE US0.6 billion invested Tamazunchale Guadalajara US1.9 billion of projects Tamazunchale extension…
TC PipeLines, LP (NYSE: TCP) US3.1 billion enterprise value Low-risk infrastructure MLP Interest in six natural gas pipeline assets 6.9% yield* 13 consecutive years of distribution increases Disciplined growth TransCanada…
Key Takeaways Proven track record of success 13 billion of assets placed in service since 2010 26 billion of commercially secured projects under development Well positioned to grow earnings, cash flow and dividends as we…
American Gas Association 2013 Financial Forum Steve Clark, Senior VP, Canadian & Eastern US Natural Gas Pipelines May 6, 2013
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