Recent Developments Russ Girling, President & CEO 3
Highlights A Year of Unprecedented Opportunity 19 billion of new projects added in 2013, growing our portfolio to 36 billion We expect 3.6 billion of projects to enter service in 2014: US2.6 billion Keystone Gulf Coast Extension…
First Quarter 2014 Highlights 15 per cent increase in first quarter comparable earnings Comparable earnings were 422 million or 60 cents per share, a 15 per cent increase over the same period in 2013 Net income attributable to…
Keystone Gulf Coast Extension Pipeline operational Jan. 22, 2014 Average capacity 520,000 bbl/d in 2014, will ramp up to full capacity of 700,000 bbl/d US2.6 billion pipeline provides direct connection between important…
Keystone XL Permitting process delayed once again U.S. Department of State said more time needed to gather federal agency input, process public comments and understand Nebraska legal issues Delay inexplicable Majority of…
Energy East Pipeline Project Qubec Atlantic Canada 400 kbbl/d 415 kbbl/d U.S. PADD I 1,200 kbbl/d 1.1 million barrels per day pipeline; firm, binding contracts for approx. 900,000 bbl/d NEB project application filing…
Energy East Pipeline Project Qubec Atlantic Canada 400 kbbl/d 415 kbbl/d U.S. PADD I 1,200 kbbl/d Energy East would generate 35 billion in additional GDP, create more than 10,000 full-time jobs during development and…
Canadian Mainline Q1 2014 delivery volumes up 5.9 Bcf/d compared to 4.7 Bcf/d last year NEB responded in late March to LDC application TransCanada filed in December 2013 We informed the NEB an amended application will be…
NGTL System Expansions 400 million of expansion projects in various stages of development or construction 1.8 billion in projects have been applied for but not yet approved, including 1.7 billion North Montney project Hearing…
B.C. LNG Pipeline Projects Important milestones achieved with filings of key environmental applications with B.C. Environmental Assessment Office and B.C. Oil and Gas Commission for both projects 5 billion Prince Rupert Gas…
ANR Pipeline Contracts Signed Very productive spring for ANR pipeline with announcement that we secured 2 Bcf/d of natural gas contracts on the systems southeast mainline Contracts will enable growing Utica and Marcellus shale…
Alaska LNG Pipeline Senate Bill 138 approved. Bill means Alaska Government and TransCanada can sign agreements, transitioning from AGIA to new structure Heads of Agreement signed by key producers, Alaska Government and…
Ontario Solar Projects Agreed to buy nine Ontario solar projects from Canadian Solar Solutions for approximately 500 million Acquired four facilities in 2013 Expect to acquire four more facilities in fourth quarter 2014. The…
Key Takeaways Diverse portfolio of energy infrastructure assets generated strong earnings and cash flow in 2013 Trend continued in Q1 2014 with comparable earnings of 422 million or 60 cents per share, a 15 per cent increase over…
First Quarter 2014 Financial Results Don Marchand, EVP & CFO 17
First Quarter 2014 Key Messages: Strong first quarter results across all business segments US2.6 billion Keystone Gulf Coast extension placed into service; another 1.0 billion of assets set to commence operations later in 2014…
Consolidated Results of Operations (unaudited) (millions of dollars, except per share amounts) Three months ended Mar 31 2014 2013 Comparable Earnings(1) 422 370 Specific items (net of tax): NEB Decision - 2012 - 84 Risk…
Business Segment Results (unaudited) (millions of dollars) Three months ended Mar 31 2014 2013 Natural Gas Pipelines Canadian Pipelines 566 497 U.S. and International Pipelines 291 258 Business Development (9) (9) Natural Gas…
Other Income Statement Items (unaudited) (millions of dollars) Three months ended Mar 31 2014 2013 Comparable EBIT (1) 1,003 814 Comparable interest expense(1) (274) (257) Comparable interest income and other(1) (6) 18…
Cash Flow and Investing Activities (unaudited, millions of dollars) Three months ended Mar 31 2014 2013 Funds Generated From Operations(1) 1,102 916 Investing Activities: Capital Expenditures 778 929 Equity Investments 89…
Financial Position Remains Strong Consolidated Significant financial flexibility Capital Structure* (at March 31, 2014) A grade credit ratings 749 million cash on hand, 5 billion of undrawn committed credit lines and two well…
TransCanada Key Takeaways Solid first quarter with 15 and 20 per cent year-over-year increase in comparable earnings and in funds generated from operations, respectively 3.6 billion of new assets to enter service in 2014, including…
Question & Answer Period Russ Girling Don Marchand Alex Pourbaix Karl Johannson Paul Miller Bill Taylor Glenn Menuz David Moneta 25
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