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3Q 2018 Earnings Presentation – Transcanada Corp.

Transcanada Corp. · Nov 1, 2018 · 23 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. 3Q 2018 Earnings Presentation – Transcanada Corp. – slide 1
    Third Quarter 2018 Conference Call November 1, 2018
  2. 3Q 2018 Earnings Presentation – Transcanada Corp. – slide 2
    Russ Girling President & CEO 3
  3. 3Q 2018 Earnings Presentation – Transcanada Corp. – slide 3
    Third Quarter 2018 Highlights Continued to generate record financial results Comparable earnings were 1.00 per common share in third quarter, 2.82 per common share on yeartodate basis High quality, diversified asset portfolio expected…
  4. 3Q 2018 Earnings Presentation – Transcanada Corp. – slide 4
    Financial Highlights Three Months Ended September 30 (NonGAAP) Comparable Comparable Comparable Funds Earnings per Common Share* EBITDA* Generated From Operations* (Dollars) ( Millions) ( Millions) 43% Increase 23% Increase 19%…
  5. 3Q 2018 Earnings Presentation – Transcanada Corp. – slide 5
    Financial Highlights Nine Months Ended September 30 (NonGAAP) Comparable Comparable Comparable Funds Earnings per Common Share* EBITDA* Generated From Operations* (Dollars) ( Millions) ( Millions) 24% Increase 12% Increase 11%…
  6. 3Q 2018 Earnings Presentation – Transcanada Corp. – slide 6
    Natural Gas Pipelines Recent Developments Remaining Pipeline Labels Canadian Natural Gas Pipelines to be Added NGTL expansion program now totals 9.1 billion including the 1.5 billion 2022 Program Coastal GasLink to proceed…
  7. 3Q 2018 Earnings Presentation – Transcanada Corp. – slide 7
    Liquids Pipelines Recent Developments Assets producing strong operating results Grand Rapids and Northern Courier placed in service in second half of 2017 Keystone Pipeline System and liquids marketing activities benefiting from…
  8. 3Q 2018 Earnings Presentation – Transcanada Corp. – slide 8
    Energy Recent Developments Construction progressing on the 900 MW Napanee project Expected inservice in early 2019 Bruce Power submitted its final cost estimate for the Unit 6 Major Component Replacement program on September 28 The…
  9. 3Q 2018 Earnings Presentation – Transcanada Corp. – slide 9
    Advancing 36 Billion Secured Capital Program Through 2023 Estimated Invested to Expected Project Capital Cost* Date* InService Date* Canadian Mainline 0.2 0.1 20182021 NGTL System 0.6 0.5 2018 WB XPress US 0.9 US 0.8 2018…
  10. 3Q 2018 Earnings Presentation – Transcanada Corp. – slide 10
    Dividend Growth Outlook Through 2021 Annual Growth of 8 to 10 Per Cent through 2021 2.76 2.50 2.26 2.08 '15 '16 '17 '18 '19E '20E '21E Supported by Expected Growth in Earnings and Cash Flow and Continued Strong Coverage…
  11. 3Q 2018 Earnings Presentation – Transcanada Corp. – slide 11
    Key Takeaways Proven Strategy Low Risk Business Model Over 95% of Comparable EBITDA from regulated assets or longterm contracts Businesses Performing Extremely Well Record performance expected in 2018 Visible Growth Advancing 36…
  12. 3Q 2018 Earnings Presentation – Transcanada Corp. – slide 12
    Don Marchand Executive VP & CFO 13
  13. 3Q 2018 Earnings Presentation – Transcanada Corp. – slide 13
    Consolidated Results of Operations (unaudited) (millions of dollars, except per share amounts) Three months Nine months ended September 30 ended September 30 2018 2017 2018 2017 Net Income Attributable to Common Shares 928 612…
  14. 3Q 2018 Earnings Presentation – Transcanada Corp. – slide 14
    Business Segment Results(1) (unaudited) (millions of dollars) Three months Nine months ended September 30 ended September 30 2018 2017 2018 2017 Comparable EBITDA(2) Canadian Natural Gas Pipelines 522 544 1,561 1,575 U.S.…
  15. 3Q 2018 Earnings Presentation – Transcanada Corp. – slide 15
    Other Income Statement Items(1) (unaudited) (millions of dollars) Three months Nine months ended September 30 ended September 30 2018 2017 2018 2017 Comparable EBITDA(2) 2,056 1,667 6,110 5,474 Depreciation and amortization (564)…
  16. 3Q 2018 Earnings Presentation – Transcanada Corp. – slide 16
    Comparable Distributable Cash Flow (unaudited) (millions of dollars, except per share amounts) Three months Nine months ended September 30 ended September 30 2018 2017 2018 2017 Comparable Funds Generated From Operations(1) 1,571…
  17. 3Q 2018 Earnings Presentation – Transcanada Corp. – slide 17
    Third Quarter Funding Activity Strong, predictable and growing cash flow from operations Comparable funds generated from operations of 1.6 billion 1.1 billion of cash and cash equivalents on hand at September 30 Access to capital…
  18. 3Q 2018 Earnings Presentation – Transcanada Corp. – slide 18
    2018 Funding Complete Billions 18 16 CGL Cost Reimbursement Cartier Wind Asset Sale 9.1 billion raised through an array of 14 Debt Maturities ATM competitive funding options DRP 6.1 billion of longterm debt in Canadian 12…
  19. 3Q 2018 Earnings Presentation – Transcanada Corp. – slide 19
    Delivering LongTerm Shareholder Value Track Visible Attractive, Growing Strong Record Growth Dividend Financial Position 12% average annual 36 billion to 2023 Dividend raised 10.4% Numerous levers total shareholder in February…
  20. 3Q 2018 Earnings Presentation – Transcanada Corp. – slide 20
    Question & Answer Period Russ Girling Don Marchand Karl Johannson Stan Chapman Paul Miller Glenn Menuz David Moneta
  21. 3Q 2018 Earnings Presentation – Transcanada Corp. – slide 21
    Third Quarter 2018 Conference Call November 1, 2018
  22. 3Q 2018 Earnings Presentation – Transcanada Corp. – slide 22
    Appendix Reconciliation of NonGAAP Measures (unaudited) (millions of dollars) Three months Nine months ended September 30 ended September 30 2018 2017 2018 2017 Comparable EBITDA(1) 2,056 1,667 6,110 5,474 Depreciation and…
  23. 3Q 2018 Earnings Presentation – Transcanada Corp. – slide 23
    Appendix Reconciliation of NonGAAP Measures continued (unaudited) (millions of dollars) Three months Nine months ended September 30 ended September 30 2018 2017 2018 2017 Net Cash Provided by Operations 1,299 1,185 4,516 3,840…

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