Fourth quarter 2019 conference call February 20, 2020
Fourth quarter 2019 conference call Nathan Brown, President Janine Watson, VP and General Manager Chuck Morris, Principal Financial Officer Rhonda Amundson, Investor Relations
Forward looking information and non-GAAP measures This presentation may include forward-looking statements regarding future events and the future financial performance of TC PipeLines, LP. Words such as believes, expects, intends,…
Fourth quarter and annual 2019 highlights Net income attributable to controlling interests of 76 million for fourth quarter and 280 million for 2019 EBITDA of 119 million for fourth quarter and 460 million for the year Distributable…
Commercial update Continued solid performance from our portfolio of assets Continued robust contracting at GTN Higher natural gas flows out of Canada persist Northern Border operated at very high levels of throughput Great Lakes…
Key focus areas and future opportunities Executing near-term growth program Began work on GTN XPress and Tuscarora XPress Portland and Westbrook XPress continue to advance Positioned to fund future growth and maintain our credit…
Capital expenditure outlook for major projects1 Millions Capex will be funded through 250.0 228 asset level debt and TC PipeLines contributions 200.0 1792 TC PipeLines has the capacity to make contributions from cash 150.0 138…
Fourth quarter 2019 financial results (unaudited, millions of dollars except per common unit amounts) Three months ended Twelve months ended 31-Dec 31-Dec 2019 2018 2019 2018 Net income (loss) attributable to controlling interests 76…
Solid financial position Investor Focus Action Solid capital structure indicative of quality assets within portfolio Strong balance sheet Upgraded to BBB/Stable by S&P Significantly reduced debt in 2019 Self-funding growth Bank…
TC PipeLines, LP Key takeaways Strong cash flows Confident that our high quality assets will generate strong cash flows 91% EBITDA derived from stable assets substantially backed by long-term, ship-or-pay contracts Long-term…
Question & answer period Nathan Brown Janine Watson Chuck Morris Rhonda Amundson President VP and General Manager Principal Financial Officer Investor Relations
Fourth quarter 2019 conference call February 20, 2020
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