AltaGas & WGL Strategic Combination Acquisition supports AltaGas long-term vision and strategy 17 Strong Visible Accretion dividend Billion to both EPS and growth Total Enterprise Value1 FFO/share2 metrics (2019 2021) 6…
AltaGas & WGL Significant Infrastructure Platform High-quality, contracted assets with attractive organic growth 2 Bcf/d1 1,930 MW 5B3 of Natural Gas of Power Generation Utility Rate base transacted 70,000 Bbls/d liquids 1,259 MW…
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 50 52-week trading range2 31.70-22.82 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. and Energy Export Strategy Provides NEW market access for Western Canadian propane producers to Asia AltaGas propane export terminal at Ridley Island is poised to create a hub for key global markets to the…
Ridley Island Propane Export Terminal First mover competitive advantage Expected to be Canadas first West Coast propane export terminal Construction is underway and is expected to be in service by Q1 2019 Facility designed for 40,000…
Marcellus Pipelines Connecting low cost producers with U.S. consumption markets and exports ME VT NH NY Stonewall Currently in service US135 Million MI Ownership: DTE (55%), WGL (30%), Designed to gather 1.4 Bcf/d from MA…
Combined Utility Business High quality assets underpinned by regulated, low-risk cash flow Delivering clean and affordable natural gas to homes and businesses in 8 jurisdictions Estimated combined rate base more than doubles and…
Customer Growth and Accelerated Replacements Drive Growth High near-term growth Projected Rate Base Growth (C billions) Expected near-term growth driven by AltaGas WGL customer additions, accelerated New business Replacements…
Michigan Growth Opportunity Marquette Connector Pipeline (MCP) Proposed pipeline that will connect the Great Lakes Gas Transmission pipeline to the Northern Gas pipeline in Marquette, Michigan Approximately 42 miles mainly with 20…
Combined Power Business1 Generating clean energy with natural gas and renewable sources Diversified Power Portfolio Segment normalized EBITDA3 (2019F) 1,930 MW of power generation California Gas-fired Power generation in over 20…
Northwest B.C. Hydro Stable Long-Term Financial Returns Forrest Kerr 195 MW fully contracted to 2074 McLymont Creek 66 MW fully contracted to 2075 Volcano Creek 16 MW fully contracted to 2074 Announced definitive agreement to sell 35%…
Attractive Clean Energy Footprint Diversified Across Northern and Southern California Tracy, Hanford and Henrietta Deliver CAD 95 million in EBITDA on yearly basis Fully contracted with PG&E through to fourth quarter 2022 Important…
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…
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…
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) 13% 13% 9% 6% 72% 87% Stable EBITDA Commodity Based…
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 9%…
Key Takeaways Near-term catalysts 2018 Maryland regulatory approval received on April 4, 2018 DC settlement agreement filed May 8, 2018 and DC PSC is expected to announce decision the week of June 25, 2018. Continue to expect a…
Loading...
