J.P. Morgan Energy Conference June 27, 2016 Don Marchand, Executive Vice President, Corporate Development and Chief Financial Officer
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 41,300 miles of pipeline 368 Bcf of storage capacity 14 Bcf/d or 20% of continental demand Premier Liquids Pipeline System 2,700 miles of pipeline…
US13 Billion Acquisition of Columbia Pipeline Group Strategic Rationale Creates one of North Americas largest regulated natural gas transmission businesses and positions the company for long-term growth Results in a combined pro forma…
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 earnings…
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% Monetization of…
Portfolio Management to Fund a Portion of Columbia Acquisition Selling U.S. Northeast Power portfolio and monetizing minority interest in Mexican Gas pipelines business Proceeds to pay down asset sale bridge facility in…
Combined Natural Gas Pipeline Footprint One of North Americas largest natural gas transmission businesses 56,100 miles of pipeline 664 Bcf of storage capacity Complements our existing regulated natural gas pipeline and storage…
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…
NGTL Systems Unparalleled Position Primary transporter of WCSB supply with key connections to Alberta and export markets Averaged 11 Bcf/d in 2015; peak intra-basin demand of 6.5 Bcf/d Significant new firm contracts 5.4 billion…
Mexico Solid Position and Growing Estimated Contracted Expected Capital Capacity In-Service Asset Cost* (Mmcf/d) Date Guadalajara In-Service 320 In-Service Tamazunchale In-Service 825 In-Service Mazatlan US0.4 200 2016…
Liquids Pipelines Expanding the System Keystone System Delivers 545,000 bbl/d or 20% of Western Canadian exports under long-term contracts Leveraging Existing Infrastructure for Near-Term Growth Northern Courier (1 billion)…
Energy Growing Portfolio of Long-Term Contracted Assets 94% of capacity under long-term contract following the sale of the U.S. Northeast assets Growing portfolio of contracted assets Bruce Power Life Extension (6.5 billion*)…
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) Four transformational projects Energy East (15.7 billion) and…
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 25 billion pro forma to 2020 4.1% yield…
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