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2Q 2021 Earnings Presentation – TC Energy Corp.

TC Energy Corp. · Jul 29, 2021 · 18 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. 2Q 2021 Earnings Presentation – TC Energy Corp. – slide 1
    Second quarter 2021 conference call July 29, 2021
  2. 2Q 2021 Earnings Presentation – TC Energy Corp. – slide 2
    Franois Poirier President and Chief Executive Officer
  3. 2Q 2021 Earnings Presentation – TC Energy Corp. – slide 3
    Strong operating performance continued in first half 2021 Delivering the energy people need, every day. Safely. Responsibly. Collaboratively. With integrity. (1) Non-GAAP measures which do not have any standardized meaning as…
  4. 2Q 2021 Earnings Presentation – TC Energy Corp. – slide 4
    Advancing 21 billion secured capital program through 2025 Secured capital program by segment (billions) Critical energy infrastructure that will power North America for decades to come Largely in-corridor expansions Underpinned by…
  5. 2Q 2021 Earnings Presentation – TC Energy Corp. – slide 5
    Vast opportunity set to drive continued disciplined growth Unparalleled demand for infrastructure under all energy mix scenarios Todays needs Low-carbon future Highly-executable Electrification Bruce Power MCR in-corridor expansions…
  6. 2Q 2021 Earnings Presentation – TC Energy Corp. – slide 6
    Dividend growth outlook 3.48* 5-7% 7% Expected future growth CAGR 21 billion secured capital program Robust development portfolio Irreplaceable asset footprint driving in-corridor expansions Deep capabilities and proven…
  7. 2Q 2021 Earnings Presentation – TC Energy Corp. – slide 7
    Don Marchand Executive Vice-President and Chief Financial Officer
  8. 2Q 2021 Earnings Presentation – TC Energy Corp. – slide 8
    Consolidated results of operations (millions of dollars, except per share amounts) Three months Six months ended June 30 ended June 30 2021 2020 2021 2020 Net income/(loss) attributable to common shares 982 1,281 (75) 2,429…
  9. 2Q 2021 Earnings Presentation – TC Energy Corp. – slide 9
    Business segment results(1) (millions of dollars) Three months Six months ended June 30 ended June 30 2021 2020 2021 2020 Comparable EBITDA(2) Canadian Natural Gas Pipelines 684 621 1,370 1,218 U.S. Natural Gas Pipelines 879 824…
  10. 2Q 2021 Earnings Presentation – TC Energy Corp. – slide 10
    Other income statement items(1) (millions of dollars) Three months Six months ended June 30 ended June 30 2021 2020 2021 2020 Comparable EBITDA(2) 2,246 2,199 4,738 4,734 Depreciation and amortization (633) (635) (1,278) (1,265)…
  11. 2Q 2021 Earnings Presentation – TC Energy Corp. – slide 11
    Significant progress on finance plan in second quarter Solid comparable funds generated from operations 1.8 billion in the second quarter which reflects the resiliency and criticality of our energy infrastructure portfolio Redeemed all…
  12. 2Q 2021 Earnings Presentation – TC Energy Corp. – slide 12
    Funding program outlook 2021-2023 Billions Financial strength and flexibility underpinned by: Robust, predictable cash flow from operations Access to capital markets on compelling terms Expected Keystone XL project recoveries…
  13. 2Q 2021 Earnings Presentation – TC Energy Corp. – slide 13
    Delivering long-term shareholder value Track Visible Attractive, growing Strong record growth dividend financial position 12% average 21 billion secured 5.7% yield Numerous levers annual total through 2025 available to fund 5 to…
  14. 2Q 2021 Earnings Presentation – TC Energy Corp. – slide 14
    Question & answer period 15
  15. 2Q 2021 Earnings Presentation – TC Energy Corp. – slide 15
    Closing remarks Franois Poirier, President and Chief Executive Officer
  16. 2Q 2021 Earnings Presentation – TC Energy Corp. – slide 16
    Second quarter 2021 conference call July 29, 2021
  17. 2Q 2021 Earnings Presentation – TC Energy Corp. – slide 17
    Appendix Reconciliation of non-GAAP measures (millions of dollars) Three months Six months ended June 30 ended June 30 2021 2020 2021 2020 Comparable EBITDA(1) 2,246 2,199 4,738 4,734 Depreciation and amortization (633) (635)…
  18. 2Q 2021 Earnings Presentation – TC Energy Corp. – slide 18
    Appendix Reconciliation of non-GAAP measures (continued) (millions of dollars) Three months Six months ended June 30 ended June 30 2021 2020 2021 2020 Net Cash Provided by Operations 1,711 1,613 3,377 3,336 Increase/(decrease)…

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