A Leading Energy Infrastructure Company Highly contracted assets providing long-term stable cash flow US Utilities rate base of 4.4 Over 3 Bcf/d billion of natural gas Serving 1.6 transacted in two million of North Americas…
Reshaping AltaGas Focus on Gas and U.S. Utilities 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…
Balance Prudent Financial Management with Investment in Opportunities in Gas and U.S. Utilities Steps Action Items 1 Reshape AltaGas Sold 35% of Northwest Hydro Facilities for 922 million Pay down bridge facility Sale of non-core…
Improving Cost of Capital and Developing a Balanced 2019 Funding Plan Our objective is clear Financial strength and flexibility: maintain our investment grade credit rating and optimize cost of capital Taking the necessary steps to…
1.5-2.0 Billion in Additional Asset Sales To Fund Growth Opportunities Additional asset sales further align the strategic focus on Gas and U.S. Utilities and provides cost effective funding Identified approximately 1.5 to 2.0 billion…
Balancing Organic Growth Opportunities and Funding Capacity Strong balance sheet and an investment grade credit rating will provide greater flexibility and growth On track to repay the outstanding Focused on only highest quality…
Tailored Capital Plan and Asset Sales Used to Optimize Cost of Capital Suspended the Premium Dividend Reinvestment Plan (PDRIP) Effective January 1, 2019 December 2018 dividend will be the last dividend to be included in the PDRIP…
Q3 Financial Highlights Normalized EBITDA was 226 million compared to 190 million in Q3 2017 Normalized funds from operations were 117 million (0.45 per share) compared to 143 million (0.83 per share) in Q3 2017 Net loss…
Contributions from WGL and Canadian Gas Segment drive up Q3 EBITDA 2018 Q3 Actuals vs. 2017 Q3 5 1 Actuals EBITDA 6 Contributions from the WGL gas and power 7 8 segments 226 Higher realized frac spread due to improved commodity…
Contributions from WGL and Canadian Gas Segment drive up YTD EBITDA 2018 YTD Actuals vs. 2017 YTD 8 Actuals EBITDA 8 Contributions from the WGL gas and power 7 segments 17 Higher realized frac spread due to improved 7 commodity…
Quarterly EBITDA Walk Down Results of operations by reporting segment Normalized EBITDA (1) 2018 2017 Gas 65 51 Power 128 106 Utilities 32 38 Corporate 1 (5) Total 226 190 (1) Non-GAAP financial measure; See discussion in Non-GAAP…
2018 Growth Outlook Normalized EBITDA expected to increase by approximately 25% to 30% and normalized funds from operations to increase by approximately 10% compared to prior year Contributions from the WGL in all three segments…
Successful track record of delivering EBITDA1 growth over time Significant growth in 2018 driven by WGL Acquisition 2019+ Gas Growth Opportunities Come Online Millions RIPET 1,000 25% 30% Townsend Expansion growth2 Mountain Valley…
Asset Sales Align with Strategy to Reshape Company Sold 35% of Northwest Sale of Non-Core Gas and IPO of AltaGas Canada Inc. Hydro Facilities for Power Assets for 560 Assets for Total Cash 922 million million Proceeds of 874…
First Stage of Asset Monetization Plan Complete Close Proceeds Annual EBITDA (MM) Impact (MM) 35% interest in Northwest Hydro Q2 922 Consolidated Facilities Non-Core Midstream and Power Q4 165 22 Assets in Canada Non-Core San Joaquin…
Q3 Operational Highlights Gas Utilities Power Further traction in Continued Positioned to Northeast B.C. progress on key deliver on strategy rate cases in capital light Maryland and strategy Agreements announced Virginia with…
Gas Segment Drives Near Term Growth Optimizing full value chain of energy exports RIPET Central Penn Mountain Valley 450 500 Pipeline million 40,000 bbls/d of supply US450 US350 expected and 100% of million million off-take…
Integrated Value Chain Optimizes Returns and Connects Producers to New Markets From wellhead to markets Fully-integrated, customer-focused value chain provides increased value to producers Fully-integrated, customer-focused value…
Expanding the Townsend Gas Processing Complex Expansion of the Townsend Complex and capture area coupled with enhanced NGL Economies of scale and synergies recovery will provide producers with more result in capital efficiencies…
Black Swan Agreement Strengthens Northeast B.C. Integrated Gas Strategy and Propane Export Solution Black Swan Agreement: Benefits: 50% interest in 210 MMcf/d Black Swan Aitken Showcases AltaGas competitive gas processing and Creek…
Expected to be Canadas First West Coast Propane Export Terminal 40,000 bbls/d Ridley Island Propane Export Terminal expected to be in service in Q1 2019 Supply Kelt and Black Swan agreements in addition to other initiatives provide…
Wealth of Opportunities Across U.S. Utilities High Quality U.S. Utility Growth New customer additions, general system U.S. Utilities improvement, and accelerated replacement programs Strong growth markets with increasing…
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…
Supportive Regulatory Environment for U.S. Gas Utilities Allowed Location and ROE and Utility Rate Base Customers1 Regulatory Update (CAD) Equity Thickness Use of projected test year for rate cases with 10 month limit to issue a…
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