Investor Presentation Scotiabank CAPP Energy Symposium April 10 11, 2018
AltaGas & WGL Strategic Combination Acquisition supports AltaGas long-term vision and strategy 18 Strong Accretion 8-10% Billion to both EPS and dividend growth (2019 2021) Total Enterprise Value1 FFO/share2 metrics 6…
Leading North American Diversified Energy Company Premier footprint in Canada and the U.S. Segment normalized EBITDA1 (2018F) Balanced Long-Term Gas Power Utilities Target Business Mix 30% 35% 35% All three business segments Fee /…
Larger Scale Enhances AltaGas Competitive Position TSX: ALA Today CAD Peer Group Enterprise Value ( billions) Common shares outstanding1 177 million Common share trading price2 24.51 52-week trading range2 31.70-22.82 50 45 Market…
Combined Midstream in North Americas Most Prolific Gas Plays Strategic infrastructure provides producers with global market access Unique opportunity providing critical infrastructure for energy exports at three sites on both the…
AltaGas Northeast B.C. Strategy Provides new market access for Western Canadian propane producers to Asia Truck Terminal Expected to be Canadas first Blair Creek Raw gas propane export terminal, located on B.Cs west coast Liquids…
AltaGas Northeast B.C. and Energy Export Strategy Provides new market access for Western Canadian propane producers to Asia Truck Terminal Blair Creek AltaGas propane export terminal at North Pine RIPET is poised to create a…
Gordondale: New Long-Term Processing Arrangement Maximizing the long-term value and returns of deep cut facility New long-term take-or-pay agreement for at least 15 years Agreement provides stable long-term cash flow by filling the…
Marcellus Pipelines Connecting low cost producers with U.S. consumption markets and exports ME VT NH NY Stonewall Currently in service MI US135 Million Designed to gather 1.4 Bcf/d from MA 30% Ownership West Virginia CT RI PA…
Attractive Platform for Growth Through 2021 C6 billion of identified capital investment opportunities Energy U.S. Midstream Storage Marcellus / Utica Footprint Canadian Midstream Canadian Montney Utilities System Betterment…
Transaction Timeline Update Close of WGL Acquisition continues to track to mid-2018 Q1-17 Q2-17 Q3-17 Q4-17 Mid-18 Remainder of 2018 Transaction Announcement Expected close WGL Shareholder Approval received Vote May 10, 2017…
Financing Strategy Prudent plan achieves acquisition accretion metrics and maximizes shareholder value Acquisition financing - Completed Acquisition financing - Outstanding Long-term financing plan structured to maintain Monetization of…
Governing Financial Principles Delivering growth and security Principles Targets 50 - 60% FFO1 payout ratio 1 Dividend Sustainability Expect 85% of 2019 common dividends to be underpinned by Regulated Utilities Enhancing returns on…
Highly Contracted, Low-Risk Business Model Managed Commodity Exposure1 Highly Contracted1,2 2019E (First full year including WGL) 2019E (First full year including WGL) 11% 11% 9% 6% 74% 89% Commodity Exposed Short-term (<…
Strong Investment Grade Credit Rating Prudent deal financing enhances balance sheet strength over the long-term FFO1/Debt 15% Target Combined larger platform and financing plan reinforce a path to improved credit metrics and a…
Valuation Multiple Attractive value for AltaGas, combined with sustainable dividend payment. AltaGas has one of the lowest multiples in the entire sector. 2019E P/AFFO1 Energy infrastructure group yield and growth2 Yield 14 10%…
Key Takeaways Near-term catalysts 2018 Maryland regulatory approval received on April 4, 20181 Regulatory outcome for DC expected mid-2018 Debt/Hybrid Financing Various asset monetization initiatives for a total of over 2B in…
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