2016 AGA Financial Forum May 16, 2016 Karl Johannson, President, Natural Gas Pipelines
Key Themes Proven Strategy Low Risk Business Model 90%+ of EBITDA derived from regulated assets or long-term contracts Planned sale of U.S. Northeast Power will further reduce merchant exposure US13 Billion Acquisition of Columbia…
TransCanada Today One of North Americas Largest Natural Gas Pipeline Networks 66,400 km (41,300 mi) of pipeline 368 Bcf of storage capacity 14 Bcf/d or 20% of continental demand Premier Liquids Pipeline System 4,200 km (2,600…
Our Natural Gas Pipelines Strategy Maintain pre-eminent position in WCSB for production and market connections Growing Natural Gas Supply Seek optimal and Demand Provides Opportunity Pursue oil sands and use of assets West Coast LNG…
US13 Billion Acquisition of Columbia Pipeline Group Strategic Rationale Transformational acquisition creates one of North Americas largest regulated natural gas transmission businesses and positions the company for long-term growth…
Acquisition of Columbia Pipeline Group - Strategic Rationale Premium natural gas pipeline and storage assets Extensive position in the Marcellus and Utica shale regions FERC regulated assets generate stable and predictable…
Combined Natural Gas Pipeline Footprint One of North Americas largest natural gas transmission businesses Approximately 91,000 km (56,900 miles) of gas pipeline 664 Bcf of storage capacity Complements our existing regulated…
Positioned to Capture Growing Marcellus and Utica Production Bcf/d 35 30 25 20 15 10 5 0 2010 2015 2020E Marcellus Utica Source: EIA and IHS CERA, February 2016 Illustrates the configuration of material systems within Columbias…
Predictability and Stability of EBITDA Pro Forma 2015 Adjusted EBITDA*,** Contracted Liquids Pipelines 20% Regulated & Contracted Contracted Energy Natural Gas 10% Pipelines 62% Merchant Energy 8% Planned…
Columbia Pipeline Group Capital Program Estimated Project Gas Flow Direction Capital Cost Expected Asset Project (US)* FERC Status In-Service and Capacity from the Marcellus/Utica Modernization I 0.6 Approved 2017 2018…
Industry Leading Pro Forma Near-Term Capital Program Estimated Capital Expected Project Cost* In-Service Date* Columbia Pipeline Group US7.3 2016-2021 Topolobampo US1.0 2016 Mazatlan US0.4 2016 Tuxpan-Tula US0.5 2017 Tula-Villa…
45 Billion+ of Commercially Secured Long-Term Projects* Bruce Power Life Extension Agreement Asset Management and Major Component Replacement post-2020 (5.3 billion) Extends operating life of facility to 2064 Four transformational…
Dividend History and Growth Outlook Through 2020 810% CAGR 2.26* 7% 2.08 1.92 CAGR 0.80 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16E '17E '18E '19E '20E Columbia Acquisition Supports and…
Key Takeaways Track Record of Delivering Long-Term Shareholder Value 14% average annual return since 2000 Visible Attractive, Growing Strong Growth Portfolio Dividend Financial Position 24 billion pro forma to 2020 4.4% yield…