Recent Developments Russ Girling, President & CEO 3
Second Quarter 2015 Highlights Solid financial results for the quarter despite challenging market conditions Three core businesses once again demonstrated their resiliency We have advanced a number of key components of our 12…
Second Quarter 2015 Financial Highlights Net income attributable to common shares was 429 million or 60 cents per share Comparable earnings were 397 million or 56 cents per share, a 20 per cent increase over 332 million or 47 cents…
Dividend Growth Poised to Accelerate 8 10% Growth Rate Expected Through 2017 Supported by Base Business and Small to Medium-Sized Projects 810% CAGR 4% CAGR '11 '12 '13 '14 '15E '16E '17E Large-Scale Project Success to…
NGTL System Expansions Poised to almost double NGTL rate base with nearly 7 billion of new supply and demand facilities being developed Continue to advance several expansion projects, plan to file additional NEB regulatory…
NGTL North Montney Project The Government of Canada accepted the National Energy Boards recommendation to approve the North Montney project 300 km project will consist of two large sections: Aitken Creek and Kahta This pipeline…
Prince Rupert Gas Transmission Project (PRGT) Positive FID by PNW LNG, subject to two conditions second condition satisfied mid-July PRGT received six of 11 B.C. Oil and Gas Commission (BC OGC) permits, expect remainder in Q3…
Coastal GasLink Project Announced last month we had signed project agreements with six B.C. First Nations Project has received eight of 10 permits from the BC OGC, expect final two in third quarter 2015 Coastal GasLink will run…
Energy East Project Qubec Atlantic Canada 400 kbbl/d 435 kbbl/d U.S. PADD I 1,200 kbbl/d In April TransCanada decided not to build a marine terminal and associated tank terminals at Cacouna, Qubec. Crude oil deliveries…
Keystone Pipeline System The Keystone Pipeline System has now safely delivered over one billion barrels of Canadian and U.S. crude oil Keystone has contributed to U.S. energy security and generated close to US200 million in…
Keystone XL We continue to believe Keystone XL is in Americas national interest and meets the Presidents climate test of not significantly exacerbating global greenhouse gas emissions EIA reports U.S. crude oil consumption up…
Napanee Generating Station Construction started in January 2015 on our 900 megawatt Napanee power facility 1 billion facility is expected to be operational in late 2017 or early 2018 Power production fully contracted with the…
Key Takeaways Three core businesses produced another strong quarter, demonstrating resiliency in challenging market conditions Comparable earnings and funds generated from operations increased 20 and 16 per cent respectively…
Second Quarter 2015 Financial Results Don Marchand, EVP & CFO 16
Consolidated Results of Operations (unaudited) (millions of dollars, except per share amounts) Three months Six months ended June 30 ended June 30 2015 2014 2015 2014 Net Income Attributable to Common Shares 429 416 816 828…
Business Segment Results (unaudited) (millions of dollars) Three months Six months ended June 30 ended June 30 2015 2014 2015 2014 Natural Gas Pipelines Canadian Pipelines 583 549 1,105 1,115 U.S. and International Pipelines 238…
Other Income Statement Items (unaudited) (millions of dollars) Three months Six months ended June 30 ended June 30 2015 2014 2015 2014 Comparable EBIT (1) 927 818 2,024 1,821 Comparable interest expense(1) (331) (297) (649)…
Cash Flow and Investing Activities (unaudited, millions of dollars) Three months Six months ended June 30 ended June 30 2015 2014 2015 2014 Funds Generated From Operations(1) 1,061 917 2,214 2,019 Investing Activities:…
Financial Position Remains Strong Consolidated Significant financial flexibility underpinned by Capital Structure* A grade credit ratings (at June 30, 2015) 0.6 billion cash on hand 5 billion of undrawn committed credit lines and…
TransCanada - Key Takeaways Strong second quarter in challenging energy market conditions Comparable earnings up 20% Funds generated from operations up 16% Committed to growing dividend at an annual rate of 8 to 10% through 2017…
Question & Answer Period Russ Girling Don Marchand Alex Pourbaix Karl Johannson Paul Miller Bill Taylor Glenn Menuz David Moneta 23
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