BMO Capital Markets 13th Annual Infrastructure & Utilities Conference February 4, 2016
AltaGas profile Well positioned with a substantial total enterprise value and an attractive diversified mix of business lines Millions Enterprise Value3 25,000 TSX: ALA CAD Common shares outstanding1 146 million 20,000 Common share…
Well diversified energy infrastructure Segment EBITDA1 2 Bcf/d of natural gas transacted 25% Processing and moving natural gas Contracted 35% Midstream and natural gas liquids to key Utilities markets including Asia 40% 50%…
Consistent and diversified EBITDA growth Successful track record of delivering EBITDA growth over time Millions EBITDA 800 600 400 200 0 2010 2011 2012 2013 2014 2015 F + GWF* Midstream Power Utilities *…
Contracted EBITDA with strong counterparties Substantial increase in long-term Diversified, primarily investment contracted and utility EBITDA grade counterparty exposure across all 3 business lines 2010 2016F 1% 100% 0% 9% 40%…
Disciplined capital allocation Track record of allocating capital in an efficient manner to maximize risk adjusted returns Millions 600 million Millions 2,500 1.7 billion under construction 1,800 completed 1,600 2,000 1,400…
Well defined growth opportunities across all three business segments Discretionary growth capital Pomona Sonoran Sonoran & DCLNG Blythe III Alton Liquids separation Processing facilities facilities Processing facility LPG…
Committed projects fully contracted 50% EBITDA growth 2015F GWF Utilities McLymont Townsend Alton 2020F 7 year PPAs with Regulated stable 60 year EPA with 90% Take or Fully contracted PG&E returns in BC Hydro Pay with Painted…
2016 funding sources and uses of cash Capital spending largely discretionary, market access not required Credit facility capacity ( billions) 1 DRIP Bank Bankliquidity, Term Bank liquidity, liquidity, Term Debt, Term shares,…
Strong committed liquidity in place 1.7B in committed credit facilities Facility Status Maturity 1.4B AltaGas Ltd. revolving credit Extended in December 2015 for an Dec-2019 facility additional year 150 million extendible revolving…
Balanced debt and capital structure Balanced long-term debt Manageable capital structure maturities (September 30, 2015) 700 600 500 400 11% 300 42% 200 47% 100 0 ALA SEMCO PNG Preferred Shares Common Shares Net Debt See…
Well positioned midstream gas portfolio 70% of our gas portfolio is with Minimal commodity exposure investment grade counterparties 100% 28% 80% 60% 40% Investment 67% grade 20% 0% 5% 2015 A category BBB category…
Over 1B investment in clean power Expanding our clean energy footprint into northern California Tracy 330 MW US 642 million Sonoran (Blythe II) acquisition of Development Tracy, Hanford CAISO has stated and Henrietta publicly that…
1.1B Northwest BC hydro projects successfully executed Forrest Kerr completed on time Volcano on two years ahead of and on budget schedule See forward-looking statements & information 15
Delivering clean and affordable energy System betterment program and upgrades underway at all Utilities Implementation of Automated Meter Reading and Meter Data Management systems Multi-year pipeline replacement program…
Capital spend in Utilities: 2016 2020 650 million increase in rate base over the next five years1 Millions 800 700 Utilities 600 500 400 300 200 100 6 - 7% CAGR 0 1 2 3 4 5 6 7 8 9 10 2016F 2017F 2018F 2019F…
Building infrastructure to serve new markets From wellhead to markets Existing assets Growth projects North Rail, truck Fort Sask. American Definitive project & hub2 Markets agreement NGL Storage, rail & truck offloading2…
Stable production volumes & throughput Production volumes High grade asset base with core plants in sustainable plays that drive growth Blair Creek 2014 60 Mmcf/d 2015 65 Mmcf/d Gross Annual Throughput Mmcf/d 1,600 Gordondale 2014…
Sustainability of Montney gas region Montney became the most active upstream Gas volumes from the Montney expected to Canadian play (oil and gas) in 2015, with 28% of exceed 6 bcf/d by 20201 all industry wells drilled and 53% of…
Growth opportunities in northeast British Columbia 2016 Increase gas processing capacity 198 Mmcf/d Townsend I under construction; in service expected mid-2016 2017 - 2018 Liquids separation capacity Liquids separation facility near…
Townsend phase 1: under construction 198 Mmcf/d shallow-cut natural gas processing facility enhanced with logistical infrastructure and gathering systems Townsend plant and associated infrastructure: 325 - 350 million Processing…
Fort St. John hub development Development of a liquids separation and processing facility to serve producers in the Montney 20,000 Bbls/d of C3+ and 20,000 Bbls/d of C5+ liquids separation and processing capacity High potential…
LPG exports moving forward Ferndale Terminal (West Coast, US) Ridley Island Propane Export Terminal (British Columbia) Only LPG export facility in operation on west coast of North America Signed project agreement and land sub- lease…
Clear LPG shipping cost advantage to Asia Key to long-term sustainability will be cost competitiveness to other North American basins Mb/d Global LPG demand growth led by Asia2 12 8 4 0 2010 2011 2012 2013 2014 2015 2016 2017…
Attractive LPG market fundamentals Propane Price Comparison Propane price netback at Fort Saskatchewan (US/Gal)1 USD/Gal 2.00 Fort Saskatchewan current market MTB less 20 to 30 1.75 1.50 Fort Saskatchewan if one new PDH plant built…
Key takeaways Strong customer focus Committed to lowering costs and unlocking value for producers Proven track record of optimizing, debottlenecking and adding new lines of business to existing facilities Collaborative approach…
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