Skip to main content Analyst Day 2018 – Transcanada Corp. Investor Presentation | Shale Experts
Loading...
Database
Slide Database

Analyst Day 2018 – Transcanada Corp.

Transcanada Corp. · Nov 13, 2018 · 113 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. Analyst Day 2018 – Transcanada Corp. – slide 1
    TransCanada Investor Day November 13, 2018
  2. Analyst Day 2018 – Transcanada Corp. – slide 2
    Strategic Overview Russ Girling President and Chief Executive Officer
  3. Analyst Day 2018 – Transcanada Corp. – slide 3
    Key Themes Businesses Performing Very Well Demand for our services has never been greater Record financial results expected in 2018 Proven Strategy LowRisk Business Model Invested 85 billion in our core businesses since 2000 Delivered…
  4. Analyst Day 2018 – Transcanada Corp. – slide 4
    Proven Capital Allocation Framework Delivers Results Critical Energy Infrastructure Assets Generate 40% Stable, LongTerm Cash Flow Streams Growing 60% Dividends Living Within Our Means Supported by Strong Earnings and Cash…
  5. Analyst Day 2018 – Transcanada Corp. – slide 5
    85 Billion Invested Since 2000 Billions 100 94B Acquired Total Assets Acquired Columbia Pipeline ANR and Built Keystone and Group and Canadian Natural Remainder of Acquired Partners Columbia Pipeline Gas Pipelines 75 Partners…
  6. Analyst Day 2018 – Transcanada Corp. – slide 6
    Track Record of Living Within Our Means Acquired Columbia Pipeline Group Acquired Columbia Acquired ANR Built Keystone and Pipeline and Acquired Partners Partners Acquired Remainder of 50% Interest GTN Great Lakes…
  7. Analyst Day 2018 – Transcanada Corp. – slide 7
    Investment has Created Significant Value Dollars 8 7 6 5 4 3 2 1 0 2000 2006 2012 2018E Comparable Earnings Per Share Comparable Funds Generated From Operations per Share Delivering Substantial Growth on a Per Share…
  8. Analyst Day 2018 – Transcanada Corp. – slide 8
    Eighteen Consecutive Years of Common Share Dividend Increases 2.76 7% CAGR 0.80 2000 2006 2012 2018 Supported by Growth in Earnings and Cash Flow and Strong Coverage Ratios
  9. Analyst Day 2018 – Transcanada Corp. – slide 9
    Performance Has Resulted in Significant Share Price Appreciation Dollars 70 Common Share Price TSX 60 50 40 30 20 10 0 2000 2006 2012 2018 Source: FactSet 12% Average Annual Total Shareholder Return Since…
  10. Analyst Day 2018 – Transcanada Corp. – slide 10
    Superior Total Shareholder Return Percent 1000 TransCanada TSX Composite 800 S&P 500 773% 600 400 185% 200 166% 0 200 2000 2006 2012 2018 Source: FactSet data from January 1, 2000 to October 31, 2018 Outperforming…
  11. Analyst Day 2018 – Transcanada Corp. – slide 11
    TransCanada Today One of North Americas Largest Natural Gas Pipeline Networks 91,900 km (57,100 mi) of pipeline 653 Bcf of storage capacity 23 Bcf/d; 25% of continental demand Premier Liquids Pipeline System 4,900 km (3,000 mi)…
  12. Analyst Day 2018 – Transcanada Corp. – slide 12
    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%…
  13. Analyst Day 2018 – Transcanada Corp. – slide 13
    2018 Accomplishments Generating record financial results Navigated through U.S. Tax Reform and 2018 FERC Actions Advanced 36 billion secured capital program Added 12 billion to project backlog in 2018 Placed 3 billion of assets…
  14. Analyst Day 2018 – Transcanada Corp. – slide 14
    Six Key Strategic Priorities Deliver energy safely and reliably, every day Maximize value of our 94 billion asset base Execute 36 billion secured capital program Advance over 20 billion of projects under ontime, onbudget…
  15. Analyst Day 2018 – Transcanada Corp. – slide 15
    Environmental, Social and Governance Commitment Safety and reliability are critical priorities Operating objectives, targets and results Long history of working collaboratively with stakeholders Customers, landowners, Indigenous…
  16. Analyst Day 2018 – Transcanada Corp. – slide 16
    Advancing 36 Billion Secured Capital Program Through 2023* NGTL Buckeye XPress/ System Other 0.6 US0.5 Mountaineer XPress NGTL US3.0 System Villa de 1.7 Canadian Coastal Reyes Mainline GasLink US0.8 Tula 0.2 6.2 WB Mod II…
  17. Analyst Day 2018 – Transcanada Corp. – slide 17
    Secured Capital Program Drives Significant Growth Comparable EBITDA Outlook (Billions) 10.0 9% CAGR Energy Liquids Pipelines 7.4 6.6 Mexico Natural Gas 6.1 Pipelines 5.9 Energy Q3 U.S. Natural Gas Pipelines Liquids…
  18. Analyst Day 2018 – Transcanada Corp. – slide 18
    Dividend Growth Outlook Annual Growth of 8 to 10 Percent Expected Through 2021 2.76 2.50 2.26 2.08 2015 2016 2017 2018 2019E 2020E 2021E Supported by Expected Growth in Earnings and Cash Flow and Continued Strong…
  19. Analyst Day 2018 – Transcanada Corp. – slide 19
    20 Billion+ of Projects Under Development Natural Gas Pipelines Expansions across our extensive network including NGTL, Columbia and other pipelines serving premium markets Liquids Pipelines Keystone XL Grand Rapids Phase II…
  20. Analyst Day 2018 – Transcanada Corp. – slide 20
    Strong Industry Fundamentals 164 Billion Bbl North American Natural Gas North American of Oil Reserves Demand Growth Crude Oil Supply Outlook Bcf/d Million Bbl/d 924 Tcf of Natural 140 Gas Reserves 18 120 16 100 14 12 80 10…
  21. Analyst Day 2018 – Transcanada Corp. – slide 21
    Multiple Growth Platforms that Cannot be Replicated NGTL System is uniquely Canadian Mainline is a critical positioned over 924 TCF of conduit to eastern markets WCSB natural gas reserves Bruce Power generates 30% of Ontarios…
  22. Analyst Day 2018 – Transcanada Corp. – slide 22
    Our Executive Leadership Team Don Marchand Russ Girling Executive VP and President and Chief Executive Officer Chief Financial Officer Karl Johannson Stan Chapman Executive VP and President, Executive VP and President, Canada…
  23. Analyst Day 2018 – Transcanada Corp. – slide 23
    Strategic Overview Russ Girling President and Chief Executive Officer
  24. Analyst Day 2018 – Transcanada Corp. – slide 24
    Canadian Natural Gas Pipelines Tracy Robinson Executive Vice President, Canadian Natural Gas Pipelines
  25. Analyst Day 2018 – Transcanada Corp. – slide 25
    Integrated HighDemand Natural Gas Pipeline Footprint Wellpositioned assets with access to North Americas two most prolific natural gas supply basins WCSB 91,900 km (57,100 mi) of pipeline 653 Bcf of storage capacity Diversified…
  26. Analyst Day 2018 – Transcanada Corp. – slide 26
    Substantial North American Natural Gas Resources WCSB Resource Estimate 2007 165 Tcf 2007 2017 924 Tcf 2017 Rockies / San Juan 2007 354 Tcf 2017 552 Tcf Appalachian 2007 95 Tcf 2017 1,144 Tcf MidContinent / Permian 2007 311…
  27. Analyst Day 2018 – Transcanada Corp. – slide 27
    Connecting Growing Natural Gas Supply to Market North American Natural Gas Demand Growth Outlook Bcf/d 160 140 120 100 Electric Generation 80 60 Industrial 40 Commercial 20 Residential 0 Fuels Source: TransCanada…
  28. Analyst Day 2018 – Transcanada Corp. – slide 28
    Canadian Natural Gas Pipelines NGTL System 24,500 km (15,300 mi) of pipeline Over 1,100 receipt and 300 delivery points Transports approximately 12 Bcf/d or 75% of WCSB production Provides connection to North American markets…
  29. Analyst Day 2018 – Transcanada Corp. – slide 29
    2018 Accomplishments Increasing Utilization of Existing Assets to Provide Access to North American Demand NGTL and Canadian Mainline receipts/deliveries continue to grow Recent longterm fixedprice open season for Empress to North Bay…
  30. Analyst Day 2018 – Transcanada Corp. – slide 30
    Canadian Natural Gas Pipeline Volumes NGTL System Receipts Mainline Western Receipts Bcf/d Flows vs Contracts Bcf/d 14 4 12 10 3 8 20132018 2 6 NGTL System Receipts and deliveries up 22% 4 1 2 Canadian Mainline Receipt…
  31. Analyst Day 2018 – Transcanada Corp. – slide 31
    NGTL System Expanding to Connect Growing WCSB Supply to Markets Intra Basin 1.3 Bcf/d 9.1 billion expansion program 1,400 km (875 mi) of 16 to 48 inch pipe 23 compressor units (650 MW) East Gate 1.3 Bcf/d Average Investment Base…
  32. Analyst Day 2018 – Transcanada Corp. – slide 32
    West Coast LNG First Direct Access to World Market for WCSB Production West Coast LNG 2.1 Bcf/d Coastal GasLink Pipeline Project 6.2 billion project to begin construction in 2019 Initial capacity of 2.1 Bcf/d expandable to 5 Bcf/d…
  33. Analyst Day 2018 – Transcanada Corp. – slide 33
    Canadian Mainline Critical Conduit to Eastern Markets Average Investment Base Billions 4 3 Enabling competitive access for WCSB production to North American markets Advancing 200 million capital expansion 2 Positive response…
  34. Analyst Day 2018 – Transcanada Corp. – slide 34
    Canadian Natural Gas Pipelines Secured Capital Program Estimated Expected 9.1 billion expansion of NGTL Project Capital Cost InService system to 2022 Canadian Mainline 0.2 20182021 NGTL System 0.6 2018 6.2 billion Coastal GasLink…
  35. Analyst Day 2018 – Transcanada Corp. – slide 35
    Canadian Natural Gas Pipelines Financial Outlook Average Investment Base Net Income NGTL Canadian Mainline Foothills NGTL Canadian Mainline Foothills Billions Billions 20 1.0 8% CAGR 8% CAGR 16 12 0.5 8 4 0 0.0 2015…
  36. Analyst Day 2018 – Transcanada Corp. – slide 36
    Key Focus Areas and Future Opportunities in Canada Execute secured capital program safely, Facilitate growth in WCSB production and access to market ontime, onbudget Leverage competitive Canada / U.S. footprint to Complete NGTL 9.1…
  37. Analyst Day 2018 – Transcanada Corp. – slide 37
    Canadian Natural Gas Pipelines Tracy Robinson Executive Vice President, Canadian Natural Gas Pipelines
  38. Analyst Day 2018 – Transcanada Corp. – slide 38
    U.S. Natural Gas Pipelines Stan Chapman President, U.S. Natural Gas Pipelines
  39. Analyst Day 2018 – Transcanada Corp. – slide 39
    Premier System Connects Prolific Gas Supplies to High Growth Markets Broad National Network 31,000 miles (50,000 km) of FERCregulated pipelines with operations across 40 states WCSB 535 Bcf of regulated storage 183 miles (295 km)…
  40. Analyst Day 2018 – Transcanada Corp. – slide 40
    U.S. Supply/Demand Outlook Continued Growth Opportunities WCSB Daily Production 2027 23 Bcf/d 2017 15 Bcf/d 2027E 2010 14 Bcf/d 2017 2010 The U.S. has technically recoverable gas resources of Rockies/San Juan Appalachia…
  41. Analyst Day 2018 – Transcanada Corp. – slide 41
    2018 Transformative Year Positions Us for Continued Success Ontrack to complete US7.2 billion of US7.4 billion growth project portfolio Placed US2.7 billion of growth projects inservice US4.5 billion of additional growth projects…
  42. Analyst Day 2018 – Transcanada Corp. – slide 42
    Realizing Synergies with Canada Gas and Accessing International Demand Centers North American supply continues to Appalachian grow; new flow patterns emerging Supply 50 Realizing synergies with NGTL and 40 Canadian Mainline 30 GTN…
  43. Analyst Day 2018 – Transcanada Corp. – slide 43
    Completion of Growth Program Extends Our LongTerm EBITDA Outlook Estimated Capital Cost Estimated Spend to Date Expected CAPEX / EBITDA Project (US Billions) (US Billions)* InService Date Multiple Leach XPress 1.7 1.7 InService…
  44. Analyst Day 2018 – Transcanada Corp. – slide 44
    Comparable EBITDA Outlook for U.S. Natural Gas Pipelines USBillions 3 10.5% CAGR 2 1 0 2015 2016 2017 2018 2021E (9 months) Comparable EBITDA is a nonGAAP measure. See the nonGAAP measures slide at the front of…
  45. Analyst Day 2018 – Transcanada Corp. – slide 45
    Key Focus Areas and Future Opportunities in the U.S. Execution of nearterm growth program Mountaineer XPress, Gulf XPress, WB XPress East nearing completion Optimization of existing assets Synergies with Canada Gas increase utilization…
  46. Analyst Day 2018 – Transcanada Corp. – slide 46
    U.S. Natural Gas Pipelines Stan Chapman President, U.S. Natural Gas Pipelines
  47. Analyst Day 2018 – Transcanada Corp. – slide 47
    Mexico Natural Gas Pipelines Karl Johannson President, Canada and Mexico Natural Gas Pipelines and Energy
  48. Analyst Day 2018 – Transcanada Corp. – slide 48
    Sur de Texas Landfall Tunnel
  49. Analyst Day 2018 – Transcanada Corp. – slide 49
    Mexico Demand and Supply Forecast Natural Gas Demand Forecast (Bcf/d) Natural Gas Supply Forecast (Bcf/d) 10.7 10.7 8.2 8.2 Power Industrial/Other Mexico Domestic Production Pipeline Imports from US LNG Imports Mexico…
  50. Analyst Day 2018 – Transcanada Corp. – slide 50
    2018 Accomplishments Advancing US2.9 billion capital program Completion of Sur de Texas is scheduled for December and inservice early January 2019 Topolobampo in full operation in June 2018 CFE recognized force majeure events for…
  51. Analyst Day 2018 – Transcanada Corp. – slide 51
    Mexico Solid Position and Growing Four revenuegenerating pipelines Tamazunchale Guadalajara Mazatln Topolobampo Three new projects expected to enter service which will increase portfolio to US5 billion Tula US0.7 billion Villa de…
  52. Analyst Day 2018 – Transcanada Corp. – slide 52
    Opportunities to Increase Natural Gas Deliveries Growing Demand Expected to Enhance the Value of Our Infrastructure
  53. Analyst Day 2018 – Transcanada Corp. – slide 53
    Comparable EBITDA Outlook for Mexico Natural Gas Pipelines Solid Position and Growing Driven by Secured Projects USBillions 0.6 22% CAGR 0.4 0.2 0.0 2015 2016 2017 2018 2021E (9 months) Comparable EBITDA is a…
  54. Analyst Day 2018 – Transcanada Corp. – slide 54
    Key Focus Areas and Future Opportunities in Mexico Execute capital program Pursue organic growth opportunities Provide connections and increase capacity through efficient expansions to new endusers Capitalize on dominant position…
  55. Analyst Day 2018 – Transcanada Corp. – slide 55
    Mexico Natural Gas Pipelines Karl Johannson President, Canada and Mexico Natural Gas Pipelines and Energy
  56. Analyst Day 2018 – Transcanada Corp. – slide 56
    Liquids Pipelines Paul Miller President, Liquids Pipelines
  57. Analyst Day 2018 – Transcanada Corp. – slide 57
    Sustainable Performance NORTHERN COURIER GRAND RAPIDS Longterm takeorpay contracts EDMONTON HARDISTY Highly contracted portfolio Strong demand for uncommitted capacity KEYSTONE WOOD RIVER PATOKA CUSHING PORT…
  58. Analyst Day 2018 – Transcanada Corp. – slide 58
    HighQuality EBITDA WHITE SPRUCE NORTHERN COURIER GRAND RAPIDS EDMONTON HARDISTY Keystone: 90% contracted Marketlink: 80% contracted Grand Rapids: recovery through base contracts KEYSTONE Northern Courier: 100% contracted…
  59. Analyst Day 2018 – Transcanada Corp. – slide 59
    Strong U.S. Gulf Coast Fundamentals Marketlink Well positioned to respond to market demand Strong demand for transportation service Growing U.S. light crude oil production Wide differentials CUSHING PORT ARTHUR HOUSTON
  60. Analyst Day 2018 – Transcanada Corp. – slide 60
    Marketlink Response Increasing capacity in response to demand Increasing contracts with increased capacity Launched open season Optimizing uncommitted capacity
  61. Analyst Day 2018 – Transcanada Corp. – slide 61
    50 45 40 35 30 25 20 15 10 5 0 /Bbl 03Jan2017 03Feb2017 03Mar2017 03Apr2017 03May2017 03Jun2017 03Jul2017 03Aug2017 03Sep2017 03Oct2017 03Nov2017 03Dec2017 03Jan2018 Wide price differentials 03Feb2018 WCS…
  62. Analyst Day 2018 – Transcanada Corp. – slide 62
    Growing Comparable EBITDA Billions 2 80% of EBITDA contracted Strong demand for capacity Similar total results expected in 20192021 1 0 2016 2017 2018 (9 months) Keystone IntraAlberta Other Comparable EBITDA is a nonGAAP…
  63. Analyst Day 2018 – Transcanada Corp. – slide 63
    Attractive Keystone XL Investment Expected to be fully contracted NORTHERN COURIER GRAND RAPIDS Return on total capital consistent EDMONTON HARDISTY with similar projects Commercial model largely unchanged KEYSTONE…
  64. Analyst Day 2018 – Transcanada Corp. – slide 64
    Contracted Integrated System Highly contracted integrated system EDMONTON HARDISTY Capacity 1.4 million Bbl/d Select contracts Longhaul commitments tracking move to 1.2 million Bbl/d Keystone XL Remaining capacity for spot…
  65. Analyst Day 2018 – Transcanada Corp. – slide 65
    Keystone XL Progress NEB approved NORTHERN COURIER GRAND RAPIDS U.S. permits EDMONTON HARDISTY Presidential Permit challenges Nebraska Public Service Commission KEYSTONE XL challenge KEYSTONE Other Federal permits…
  66. Analyst Day 2018 – Transcanada Corp. – slide 66
    Permitted Growth Opportunities Grand Rapids NORTHERN Phase II COURIER GRAND RAPIDS EDMONTON Heartland Pipeline HARDISTY Keystone Keystone XL facilitates further development Hardisty Terminal Grand Rapids Phase II KEYSTONE…
  67. Analyst Day 2018 – Transcanada Corp. – slide 67
    Alberta Regional Growth White Spruce Pipeline 72 km pipeline to connect CNR Horizon WHITE SPRUCE NORTHERN COURIER crude oil volumes GRAND RAPIDS 200 million investment Fort McMurray Construction commenced in Q3/2018 Heartland…
  68. Analyst Day 2018 – Transcanada Corp. – slide 68
    Canadian Production Growth Western Canadian Sedimentary Basin Declining production in Latin America Significant opportunity for Canadian heavy crude oil in the U.S. Gulf Coast Million Bbl/d Million B/d 5.0 Oil Sands Production Growth…
  69. Analyst Day 2018 – Transcanada Corp. – slide 69
    U.S. Production Growth U.S. Light Tight Oil (LTO) Williston (Bakken) DJ/Niobrara LTO destined for export markets SCOOP/STACK (Oklahoma) Permian Permian and Bakken lead growth Million Bbl/d 12 Actual Projections Niobrara Million…
  70. Analyst Day 2018 – Transcanada Corp. – slide 70
    Well Positioned Assets Oil Sands HARDISTY Maximize value of existing assets Williston Leverage footprint Strategic corridor Powder River Proximate to growing supply basins DJ Accesses key U.S. markets Significant growth…
  71. Analyst Day 2018 – Transcanada Corp. – slide 71
    Comparable EBITDA Outlook for Liquids Pipelines Billions 2 10% CAGR 1 0 2015 2016 2017 2018 2021E (9 months) Growing EBITDA Highly contracted portfolio Sustainable performance Outlook does not include Keystone XL and…
  72. Analyst Day 2018 – Transcanada Corp. – slide 72
    Liquids Pipelines Paul Miller President, Liquids Pipelines
  73. Analyst Day 2018 – Transcanada Corp. – slide 73
    Energy Karl Johannson President, Canada and Mexico Natural Gas Pipelines and Energy
  74. Analyst Day 2018 – Transcanada Corp. – slide 74
    Energy A Proven Platform One of the largest private sector power generators in Canada 11 power plants, 6,615 MW Generating enough to power over 6 million homes Lowemissions portfolio Power Capacity by Fuel Type Nuclear 47%…
  75. Analyst Day 2018 – Transcanada Corp. – slide 75
    Energy Portfolio Underpinned by Longterm Contracts Plant Capacity (MW)* Counterparty Contract Expiry Coolidge 575 Salt River Project 2031 Bcancour 550 HydroQubec 2026 Grandview 90 Irving Oil 2024 Halton Hills 683 IESO 2030…
  76. Analyst Day 2018 – Transcanada Corp. – slide 76
    2018 Accomplishments Generating solid results Construction progressing on the 900 MW Napanee project Expected inservice in the first quarter of 2019 Advancing Bruce Power life extension program for Unit 6 First Major Component…
  77. Analyst Day 2018 – Transcanada Corp. – slide 77
    Ontario Core Market New planning forecast by the Ontario Independent Electricity System Operator (IESO) identifies: Ongoing new supply need beginning in 2023 of approximately 2 GW A need for existing contracted capacity in the…
  78. Analyst Day 2018 – Transcanada Corp. – slide 78
    Napanee Generating Station 900 MW natural gasfired combined cycle plant 20 year firm PPA contract with the Ontario IESO Construction progressing Expect inservice in the first quarter of 2019 Capital cost of 1.6 billion Adds…
  79. Analyst Day 2018 – Transcanada Corp. – slide 79
    Bruce Power Critical Component of Ontarios Electricity Market 6,400 MW or 30% of Ontarios needs 48.3% ownership interest Power sales contracted through 2064 with the Ontario IESO Spent fuel and decommissioning liabilities are the…
  80. Analyst Day 2018 – Transcanada Corp. – slide 80
    Refurbishment Readiness Comprehensive plant condition and scoping exercise complete Significant project governance in place Improved processes, systems, people and project controls Unit condition assessments undertaken on all six…
  81. Analyst Day 2018 – Transcanada Corp. – slide 81
    Life Extension Program The Life Extension Program, Major Component Replacement (MCR) and Asset Management (AM), remain on schedule and on budget Bruce Power submitted the Final Basis of Estimate for the Unit 6 MCR on September 28,…
  82. Analyst Day 2018 – Transcanada Corp. – slide 82
    Alberta Core Market Own and operate four natural gasfired cogeneration plants with total capacity of 448 MW Also own two nonregulated natural gas storage facilities with 118 Bcf of capacity Long history of power generation and…
  83. Analyst Day 2018 – Transcanada Corp. – slide 83
    Comparable EBITDA Outlook for Energy Comparable EBITDA Growth Driven by Secured Projects Billions 1.5 10% CAGR 1.0 Sale of Assets* 0.5 0.0 2015 2016 2017 2018 2021E (9 months) * U.S. NE Power generation assets sold…
  84. Analyst Day 2018 – Transcanada Corp. – slide 84
    Key Focus Areas and Future Opportunities Maximize the value of our assets through safe and optimized operations Complete Napanee plant construction Advance Bruce Power Life Extension Program Pursue growth in contracted power…
  85. Analyst Day 2018 – Transcanada Corp. – slide 85
    Energy Karl Johannson President, Canada and Mexico Natural Gas Pipelines and Energy
  86. Analyst Day 2018 – Transcanada Corp. – slide 86
    Finance Don Marchand Executive Vice President and Chief Financial Officer
  87. Analyst Day 2018 – Transcanada Corp. – slide 87
    Financial Strategy Invest in lowrisk, highquality assets that generate predictable and enduring growth in earnings and cash flow Balance prudent and sustainable dividend growth with reinvestment in our businesses focusing on per…
  88. Analyst Day 2018 – Transcanada Corp. – slide 88
    Delivering on Columbia Pipeline Acquisition Commitments Commitments Action Acquire Columbia Pipeline Group (CPG) Closed acquisition on July 1, 2016 Achieved targeted US250 million of annual synergies Realize CPG Synergies Developing…
  89. Analyst Day 2018 – Transcanada Corp. – slide 89
    2018 Funding Complete Billions 18 16 CGL Cost Reimbursement Debt Maturities Cartier Wind Asset Sale 9+ billion raised through an array of ATM 14 DRP competitive funding options 12 6.1 billion of longterm debt in Canadian and…
  90. Analyst Day 2018 – Transcanada Corp. – slide 90
    Executed Balanced Program to Fund 57 Billion of Capital Needs Billions 20162018E 60 Portfolio Management 7 Acquisitions 50 Discrete Equity 15 U.S. Northeast Power 8 Ontario Solar ATM Cartier Wind Hybrid Securities & DRP 1…
  91. Analyst Day 2018 – Transcanada Corp. – slide 91
    Deleveraging While Growing Per Share Earnings Times Debt/EBITDA Dollars Comparable EPS 8 5 4 6 Target High Fours 3 4 2 2 1 0 0 2016 2017 2018E 2019E 2016 2017 2018E 2019E On Track to Achieve and Maintain Targeted…
  92. Analyst Day 2018 – Transcanada Corp. – slide 92
    Diversified North American Portfolio 2018E Comparable EBITDA* Multiple platforms that cannot Diversified across business lines be replicated 9% Canadian Natural Gas Pipelines 27% U.S. Natural Gas Pipelines Highly utilized…
  93. Analyst Day 2018 – Transcanada Corp. – slide 93
    Portfolio Generates HighQuality, LongLife Cash Flows 2018E Comparable EBITDA* 1% 4% Approximately 95% of Minimal Variability Comparable EBITDA from Regulated regulated assets or longterm Contracted contracts Commodity Risk…
  94. Analyst Day 2018 – Transcanada Corp. – slide 94
    Prudent Management of Financial Exposures Positioned for Rising Interest Rate Environment Cash flows largely immune to fluctuating interest rates Longterm assets funded with longterm capital 21year average term of debt; 14 years…
  95. Analyst Day 2018 – Transcanada Corp. – slide 95
    Advancing 36 Billion Secured Capital Program Through 2023 Estimated Invested Expected Commercial Underpinning Project Project Cost* to Date* InService Date* Canadian Mainline 0.2 0.1 20182021 NGTL System 0.6 0.5 2018 2% WB XPress…
  96. Analyst Day 2018 – Transcanada Corp. – slide 96
    Capital Expenditure Outlook 20192021 Billions 10.5 Approximately 18 billion* to be 10 invested over the next three years related to: 8 Secured growth portfolio 6.6 Maintenance capital 0.2 6.1 6 1.5 0.2 5.3 85% has…
  97. Analyst Day 2018 – Transcanada Corp. – slide 97
    Funding Program Outlook 20192021 Billions 30 Numerous Levers Available to Fund Portfolio Management, Secured Capital Program 2019 DRP & Other 25 Capital Hybrid Securities Strong, predictable and growing Program Senior Debt,…
  98. Analyst Day 2018 – Transcanada Corp. – slide 98
    Debt Maturity Profile 20192021 Debt Maturities in Home Currency Billions 3 Solid Liquidity and Market Access 10 billion* of committed and undrawn 2 credit lines Well supported commercial paper programs Canada 2.0 billion 1…
  99. Analyst Day 2018 – Transcanada Corp. – slide 99
    Comparable EBITDA Outlook 20152021E Billions 10.0 10 Energy 9 9% CAGR 8 Liquids 7.4 7 6.6 Mexico Natural Gas 6.1 Pipelines 6 5.9 5 Q3 U.S. Natural Gas Pipelines 4 3 Q2 2 Canadian Natural Gas Pipelines 1 Q1 0…
  100. Analyst Day 2018 – Transcanada Corp. – slide 100
    Continuing Long Track Record of Dividend Growth 810% CAGR 2.76 7% CAGR 2.50 2.26 2.08 1.84 1.92 1.68 1.76 1.52 1.60 1.36 1.44 1.22 1.28 1.08 1.16 1.00 0.90 0.80 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13…

Showing the first 100 of 113 slides. Open the presentation viewer for the full deck.

From the store

Browse maps, data & reports in the Shale Experts store