Second quarter 2022 conference call J U LY 2 8 , 2 0 2 2
FRANOIS POIRIER, PRESIDENT AND CEO 3
REAFFIRMING OUR VALUE PROPOSITION LONG-TERM VIEW Strategic outlook is grounded in fundamentals Our unique value DISCIPLINED APPROACH Adherence to well-established, conservative risk preferences proposition CAPITAL ALLOCATION Balances…
COASTAL GASLINK ACHIEVES MILESTONE Revised agreements strengthen partnership with LNG Canada and provide certainty for the project Provides clarity of cost and schedule 11.2 billion revised cost estimate Allows for safe and timely…
COASTAL GASLINK IS A NATION-BUILDING PROJECT Construction now 70% complete Delivering economic opportunities 1.4 billion+ in contracting and employment opportunities to date Up to 6,000 people employed at peak construction this…
STRATEGIC ALIGNMENT WITH RISING LNG DEMAND Global LNG Demand Forecast Bcf/d By 2030 Global LNG demand is forecast to reach nearly 75 Bcf/d Asian and European LNG demand is forecasted to increase over 40%, or 20 Bcf/d…
LNG Facilities NEXT WAVE OF LNG DRIVING Operational, TC Energy connected Next Wave SIGNIFICANT OPPORTUNITIES Today, TC Energy safely and reliably connects 25% of volumes destined for U.S. LNG exports Bcf/d North American LNG…
CLICK INSERT HEADER & FOOTER TO REPLACE THIS STRONG UTILIZATION AND RELIABILITY ACROSS OUR SYSTEMS Q2 Operational highlights NATURAL GAS PIPELINES POWER & STORAGE LIQUIDS PIPELINES U.S. Natural Gas Pipelines Bruce Power Keystone…
2022 PRIORITIES AND PROGRESS Q2 Highlights Safely deliver the energy people need, every day Keystone Pipeline System brought 30 per cent of the Increase return on capital invested in existing assets 2019 Open Season contracts into…
JOEL HUNTER, EXECUTIVE VICE-PRESIDENT AND CFO 11
DEMONSTRATING CONSISTENCY IN FINANCIAL RESULTS(1) Quarter ended June 30 Comparable earnings Comparable EBITDA(2) Comparable funds generated per common share(2) (dollars) (millions of dollars) from operations(2) (millions of…
CONSOLIDATED RESULTS OF OPERATIONS (millions of dollars, except per share amounts) Three months ended June 30 2022 2021 Net income attributable to common shares 889 975 Specific items (net of tax): Settlement of Mexico prior…
COMPARABLE EBITDA(1) UP FIVE PER CENT YEAR-OVER-YEAR Business segment results (2) (millions of dollars) Comparable EBITDA(1) Lower interest Actively expense Lower managing Stronger attributable to contracted 2022 natural U.S.…
OTHER INCOME STATEMENT ITEMS (1) (millions of dollars) Three months ended June 30 2022 2021 Comparable EBITDA(2) 2,369 2,246 Depreciation and amortization (635) (633) Comparable EBIT(2) 1,734 1,613 Interest expense(3) (620)…
Portfolio expected to deliver a INDUSTRY LEADING 28 BILLION weighted average unlevered SECURED CAPITAL PROGRAM after-tax IRR of 7-9 per cent Billions Villa de Liquids U.S. other Reyes Canadian recoverable Columbia Gas U.S.…
REITERATING COMPARABLE EBITDA(1) OUTLOOK 2021-2026E Billions Additional growth opportunities and enhancements 5% CAGR 17 (1) Comparable EBITDA is a non-GAAP measure. See the forward-looking information and non-GAAP…
FUNDING PROGRAM OUTLOOK 2022-2024E Comparable funds generated from operations(1) expected to remain robust Billions Reflects the resiliency and criticality of our energy infrastructure portfolio U.S. Hybrid issuance Financial…
REAFFIRMING OUTLOOK AND MAINTAINING DIVIDEND GROWTH Comparable EBITDA(1) Declared a third quarter 2022 dividend of 0.90 Billions per share equivalent to 3.60 per share annually Additional growth opportunities and enhancements…
Question & answer period Call participants Franois Poirier - President and Chief Executive Officer Joel Hunter - Executive Vice-President and Chief Financial Officer Stanley G. Chapman, III - Executive Vice-President and President, U.S.…
Second quarter 2022 conference call J U LY 2 8 , 2 0 2 2 21
APPENDIX A FINANCIAL HIGHLIGHTS COMPARABLE GAAP MEASURES Quarter ended June 30, 2022 Net Income per Common Share Segmented Earnings Net Cash Provided by Operations (dollars) (millions of dollars) (millions of dollars) 22
APPENDIX B BUSINESS SEGMENT RESULTS COMPARABLE GAAP MEASURE (millions of dollars) Three months ended June 30 2022 2021 Segmented earnings Canadian Natural Gas Pipelines 385 361 U.S. Natural Gas Pipelines 711 688 Mexico Natural Gas…
APPENDIX C COMPARABLE EBITDA AND COMPARABLE EARNINGS COMPARABLE GAAP MEASURE (millions of dollars) Three months ended June 30 2022 2021 Comparable EBITDA(1) 2,369 2,246 Depreciation and amortization (635) (633) Interest expense…
APPENDIX D FUNDS GENERATED FROM OPERATIONS AND COMPARABLE FUNDS GENERATED FROM OPERATIONS COMPARABLE GAAP MEASURE (millions of dollars) Three months ended June 30 2022 2021 Net cash provided by operations 942 1,711 Increase in…
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