Fourth Quarter 2013 Conference Call February 20, 2014
Recent Developments Russ Girling, President & CEO 3
2013 Highlights 2013 very successful year portfolio of blue chip assets continued to deliver stable, growing cash flow and earnings Many headwinds resolved: Bruce Power, Sundance A, Ravenswood, Canadian Mainline Secured an…
2013 Highlights Strong earnings and cash flow were generated in 2013 from our broad and diverse asset portfolio Strong year over year growth in cash flow and earnings primarily due to a return to eight operational reactors at Bruce…
Fourth Quarter 2013 Highlights 29 per cent increase in fourth quarter earnings Net income to common shares was 420 million or 59 cents per share Comparable earnings were 410 million or 58 cents per share, a 29 per cent increase…
Keystone XL Final Supplemental Environmental Impact Statement released January 31, 2014 Report once again concludes KXL would have minimal impact on the environment Keystone XL would create 42,000 direct and indirect jobs,…
Keystone XL DOS and PMHSA determined incorporation of 59 special conditions would result in a project safer than other pipelines National Interest Determination period underway, expected to take 90 days Nebraska court ruled…
Gulf Coast Project Pipeline became operational January 22, 2014 US2.6 billion project provides direct connection between important Cushing, Oklahoma oil hub and worlds largest refining centre on the U.S. Gulf Coast Refineries…
Gulf Coast Project Pipeline designed to connect U.S. oil production to market, refineries avoid paying premium for higher priced foreign oil Project created close to 5,000 jobs, TransCanada partnered with 50 U.S. manufacturers…
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 Energy East will transport Western…
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…
Heartland Pipeline and TC Terminals Projects Filed permit applications with Alberta Energy Regulator for the Heartland Pipeline and TC Terminals projects 200-km crude oil pipeline will connect Edmonton region to Hardisty…
Northern Courier Received positive news from Suncor in October 2013 with the announcement Fort Hills oil sands project would proceed Northern Courier pipeline project expected to be completed in 2017, will transport crude oil and…
Canadian Mainline In December 2013 we filed for NEB approval of a settlement reached with Canadas three largest local gas distribution companies Settlement would allow construction of new natural gas pipeline facilities to meet…
NGTL System Expansions 730 million of new facilities became operational in 2013 NEB also approved 290 million of additional expansions that are in various stages of development Filed NEB application last fall for North Montney…
Ontario Solar Projects Agreed to buy nine Ontario solar projects from Canadian Solar Solutions for approximately 500 million Completed acquisition of fourth facility for 62 million in late December 2013 Acquired three other…
Key Takeaways Strong earnings and cash flow in 2013 due to diverse portfolio of energy infrastructure assets Comparable earnings increased 19 per cent to 1.6 billion, funds generated from operations up 22 per cent to 4 billion…
Executive Team Adjustments/Additions Alex Pourbaix: appointed Executive Vice-President and President, Development Will lead growth initiatives, completion of 38 billion capital program New initiatives, portfolio management,…
Executive Team Adjustments/Additions Bill Taylor: appointed Executive Vice-President and President, Energy Accountability for power and non-regulated gas storage business Jim Baggs: appointed Executive Vice-President,…
Fourth Quarter 2013 Key Messages: Quarterly common dividend increased four per cent to 0.48 per share, equivalent to 1.92 per share on an annualized basis Strong fourth quarter and 2013 financial results reflect our diverse suite…
Consolidated Results of Operations (unaudited) (millions of dollars, except per share amounts) Three months Year ended ended Dec 31 Dec 31 2013 2012 2013 2012 Comparable Earnings(1) 410 318 1,584 1,330 Specific items (net of…
Business Segment Results (unaudited) (millions of dollars) Three months ended Year ended Dec 31 Dec 31 2013 2012 2013 2012 Natural Gas Pipelines Canadian Pipelines 600 482 2,107 1,892 U.S. and International Pipelines 192 212 780…
Other Income Statement Items (unaudited) (millions of dollars) Three months Year ended ended Dec 31 Dec 31 2013 2012 2013 2012 Comparable EBIT(1) 895 709 3,387 2,870 Comparable interest expense(1) (240) (246) (984) (976)…
Cash Flow and Investing Activities (unaudited, millions of dollars) Three months Year ended ended Dec 31 Dec 31 2013 2012 2013 2012 Funds Generated From Operations(1) 1,083 818 4,000 3,284 Investing Activities: Capital…
Financial Position Remains Strong Consolidated Significant financial flexibility Capital Structure* A grade credit ratings (at December 31, 2013) 927 million cash on hand, 4.7 billion of undrawn committed credit lines and two…
TransCanada Key Takeaways 2013 comparable earnings of 2.24 per share and funds generated from operations of 4 billion, up 19 and 22 per cent respectively, compared to 2012 Positive momentum expected to continue in 2014 with…
Question & Answer Period Russ Girling Alex Pourbaix Karl Johannson Don Marchand Glenn Menuz David Moneta 30
Fourth Quarter 2013 Conference Call February 20, 2014
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