AltaGas Remembers Founding Member and Independent Director, David F. Mackie David was a founding member of AltaGas and a valued member of AltaGas Board for 23 years. He was a trusted friend and mentor to all of us. 3
Building Value with Long-Term Diversified Energy Infrastructure Assets and 4
Long-Term Collaborative Relationships 5
People and Community 6
Energy Exports and Canadas Competitive Landscape Ridley Island Propane Export Terminal LPG port in Japan 7
Annual Meeting of Shareholders May 1, 2018 Agenda Annual Report to Shareholders Election of Directors Appointment of the Auditors Advisory Vote on Executive Compensation Other Business Update from David Harris, President and…
Election of Directors David Cornhill Chairman of the Board Catherine Best Victoria Calvert Allan Edgeworth Member of the Audit Committee and Member of the EOHS and Chair of the EOHS committee and HRCC Governance committees…
Annual Meeting of Shareholders May 1, 2018 Agenda Annual Report to Shareholders Election of Directors Appointment of the Auditors Advisory Vote on Executive Compensation Other Business Update from David Harris, President and…
David Harris, President & Chief Executive Officer 11
Strong Leadership Team in Place David Harris President and Chief Executive Officer Tim Watson John Lowe Corine Bushfield Executive Vice President and Executive Vice President Executive Vice President, Chief Financial Officer…
Vision and Strategy Vision Strategy Energy Infrastructure To be a leading North American Growing in attractive areas and Develop, construct, operate and energy infrastructure company maintaining a long-term, own balanced mix of…
Leading North American Diversified Energy Company Acquisition of WGL supports AltaGas long-term vision and strategy High quality, low-risk; long-lived infrastructure Over 20 billion in assets with a premier North energy…
Diversified Business Lines Provide Strong, Stable and Predictable Returns Successful track record of delivering strong financial results Millions Normalized EBITDA2 Millions Normalized Funds From Operations2 900 650 136%1 119%1…
2017 Highlights Strength in our underlying business resulted in strong operational and financial performance 797 615 4.3% Million Million Dividend Increase Normalized EBITDA1 Normalized FFO1 9 billion transformative…
2017 Highlights Strong execution on projects Townsend 2A North Pine RIPET (Q1 2019) 5 million 15 million Tracking under budget under budget On-time & On-budget See forward-looking statements & information 17
Base Business Continues to Deliver Solid Financial Results Q1 2018 Achieved normalized EBITDA1 of 223 million and normalized funds from operations1 of 169 million Received regulatory approval from Maryland Public Service Commission for…
Unique opportunities for energy exports Ridley Island Propane Export Terminal Cove Point Expected to be Canadas first West Coast propane export Natural gas sale and purchase agreement terminal See forward-looking statements &…
Transformative Acquisition Increases Scale and Diversity with Attractive Returns Cements AltaGas position Creates premier footprint as leading North American Provides a long-term for all three business diversified energy platform…
Enhanced Scale and Scope Creates Multiple Organic Growth Opportunities Canadian Midstream U.S. Midstream Marcellus / Montney Utica Footprint Energy Storage Canadian Utilities System Betterment and Customer Growth Large…
Commitment to Enhancing Social Value Indigenous Peoples Government Communities Building long-term, mutually beneficial Working closely with governments and regulatory Investing in communities through employment working relationships…
Corporate Responsibility Committed to protecting employees, the public, and the environment See forward-looking statements & information 23
Committed to Creating Shareholder Value AltaGas and WGL to deliver long-term value to customers and shareholders alike as we build a stronger future together See forward-looking information 24