Forward-looking Information This presentation contains forward-looking statements. When used in this presentation, the words will, intend, plan, potential, generate, grow, deliver, can, continue, drive, anticipate, target, come, create,…
A Leading Energy Infrastructure Company Highly contracted assets providing long-term stable cash flow US Utilities Rate base of over 4 Over 3 Bcf/d billion of natural gas Serving over transacted in two 1.5 million of North Americas…
Driving Business Forward Today Asset monetization and funding plan WGL acquisition closed July 2018 Gas Midstream gas development rapidly expanding Additional opportunities identified at WGL Going forward we are focused…
Stability, Sustainability and Growth 80% of EBITDA backed by medium- and long-term agreements Highly contracted Regulated Highly contracted Gas + Utilities + Power High-quality cash flows underpinned by long-term take-or-pay…
Reshaping AltaGas Gas U.S. Utilities Power Providing producers with Strong growth markets with Using our clean energy solutions, including global increasing construction to Power expertise and creativity to market access off of…
Reshaping to Focus on Gas and U.S. Utilities U.S. Gas U.S. Utilities Utilities Gas 25% - 30% CDN EBITDA Growth Utilities Power CDN Power Utilities 2017 EBITDA 2018 EBITDA 2018 Capital Spending U.S. Gas Power Utilities…
Business Transforms with Close of WGL and Asset Monetization Plan
Sale of Interest in Northwest Hydro Facilities Sale Aligned with Asset Monetization and Funding Strategy for the Acquisition of WGL Sold 35% of Northwest Hydro Facilities for 922 million, implying a 2017 EBITDA multiple of 27 times…
Sale of Non-Core Midstream and Power Assets Continuing to execute on strategy to reshape the company with a focus on Gas and U.S. Utilities opportunities 560 million total proceeds, used to repay significant portion of bridge…
AltaGas Creates AltaGas Canada Inc. Boldly reshaping the company with a focus on Gas and U.S. Utilities Committed to having assets in all three segments, with a focus on a capital light, low-carbon presence in Power AltaGas expects…
Term Debt and Hybrid Securities to Complete Repayment of Bridge Facility Bridge Facility Repayment (USbn) US7.3 US2.5 US1.8 US0.7 US0.4 US0.8 US2.3 US1.1 Total transaction Assumed debt Subscription NWH Minority Bridge Loan…
Long-term Value Creation with Strong Balance Sheet are Governing Principles
Governing Financial Principles Delivering security and value Principles Targets 50 - 60% FFO1 payout ratio 1 Dividend Sustainability Over 65% of 2019 common dividends to be underpinned by Regulated Utilities Enhancing returns on…
Balance Deleveraging, Dividend Sustainability and Funding Improve credit Focus on stable Credit Metric Long-Term metrics as Target cash flows funding strategy FFO1/ Debt 15% is completed Net Debt / EBITDA 5.0x Committed to Target FFO…
Wealth of Opportunities Across Gas and U.S. Utilities Gas segment drives High Quality U.S. Utility Growth significant near term growth RIPET Central Mountain US1.5 + Additional Penn Valley Pipeline billion projects over 5 years…
High-Quality Utility Assets with Significant Embedded Organic Growth Rate Applications Robust Growth Opportunities Washington, DC Operates in higher growth markets with significant capital expenditures to support new customer Next…
Positioned to Actively Participate in North Americas Two Most Prolific Gas Plays Strategic infrastructure provides producers with global market access off to both coasts of North America Montney Marcellus/Utica Macro factors give…
Successful track record of delivering EBITDA1 growth over time Significant growth in 2018 driven by WGL Acquisition Gas Growth Opportunities Come Online Millions RIPET 1,000 Townsend Expansion 25% 30% growth2 Mountain Valley…
Gas
Building Infrastructure to Serve New Markets From wellhead to markets Fully-integrated, customer-focused value chain provides increased value to producers Fully-integrated, customer-focused value chain provides increased value to…
Midstream Operations 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…
Northeast B.C. Strategy Provides new market access for Western Canadian propane producers to Asia Expected to be Canadas first Truck propane export terminal, located Blair Creek Terminal Ridley Island Propane on B.Cs west coast Raw…
Doubling the Townsend Gas Processing Complex Expansion of the Townsend Complex and capture area coupled with enhanced NGL recovery will provide producers with more options for energy exports Townsend Expansion Addition of a 198…
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…
AltaGas Position in the Marcellus Connecting low cost producers with U.S. consumption markets and exports ME VT NH NH NY Stonewall Currently in service MI US135 Million1 Designed to gather 1.4 Bcf/d from MA ALA 30% ownership West…
Utilities
U.S. Utility Business High quality assets underpinned by regulated, low-risk cash flow Delivering clean and affordable natural gas to homes and businesses in multiple jurisdictions Increased diversification, across several high…
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…
Supportive Regulatory Environment for U.S. Gas Utilities Allowed Location and ROE and Utility Customers1 Regulatory Update Rate Base1 Equity Thickness Use of projected test year for rate cases with 10 month limit to issue a rate…
Power
Contracted Power Generating clean energy with natural gas and renewable sources Strong footing in the 1,391 MW of Power market with a focus Power Generation1 on capital light, innovative 719 MW Gas 277 MW Hydro solutions 15 MW Wind 35…
Loading...
