Total Shareholder Return 4Note: Earnings %s are as at Dec 31, 2013, and are based on adjusted net income. Adjusted net income calculated as reported net 4 Income, adjusted for mark-to-market impacts.
Strategic Overview 5
Emera Strategy The Strategic Objective: Grow EPS and dividends by an annualized average of 4-6% ; within risk profile The Strategic Elements: Reduce carbon intensity of our portfolio wind, biomass, hydro, solar Invest in…
Major Initiatives 7
Lower Churchill Phase 1 and Maritime Link Muskrat Falls (MF) Generation Maritime Link (ML) & Labrador Transmission (LTA) 1.5 billion project value 3.6 billion project value 500 MW capacity 824 MW hydroelectric 180km undersea link…
Maritime Link & Labrador Island Link Transaction Details Maritime Link (ML) Emera to pay 20% of the total costs of Muskrat Falls, Labrador Island Link and Maritime Link in exchange for 20% of the electricity for 35 years Emera…
Maritime Link Key Milestones Achieved final regulatory approval in Nova Scotia November, 2013 Construction costs finalized December, 2013 Construction start Q1 2014 Maritime Link Financial Close for Federal Loan Guarantee Q1…
New Gas Generation in New England In November, 2013 Emera acquired three recent vintage natural gas generation facilities in New England for 541 million dollars Bridgeport Energy (520 MWs) - Bridgeport, Connecticut Tiverton Power…
New England Strategy Maine Public Northeast Energy Link Service (100%) Bayside Power (100%) Bangor Hot Topics: Hydro (100%) New England Story - Proposed 2.5 Billion project between Emera and National Grid (50/50 JV) -…
Other Key Growth Opportunities Northeast Wind Northeast Wind (JV between Emera and First Wind) Northeast Wind Projects has a 419 MW portfolio of wind energy projects, representing a 225M investment for Emera 2 4 1,200 MW in the…
Financial Update 14
Adjusted Earnings per Share* Growth 15
Dividend Growth 16
Strong Operating Cash Flows (in millions of CAD) 17
2013 2018 Capital Plan - 5.6B (in millions of CAD) 1,385 185 Other 1,120 1,097 Emera Newfoundland 35 Base Utilities 875 585 160 690 650 680 50 300 260 405 101 50 615 415 435 370 306 355 2013 2014 2015 2016 2017 2018…
Timing of Investments Maritime Link and Labrador Island Link Timing of Investments (in millions CAD) 310 365 236 150 230 100 68 50 33 100 120 0 65 70 2013 2014 2015 2016 2017 Maritime Link - Equity Maritime Link - Debt…
Financing Emeras Capital Plan Capital Structure Targeted Capital Q4 2013 Structure ** 7% 10% Debt 38% 55% 35% Equity 55% Pref NOTE: Calculations exclude AOCI from common equity and total capitalization Financing Plan…
Summary Why Invest in Emera Dividends Dividend Yield of 4.5%; commitment to grow the dividend in line with earnings. Visible Growth Plan Average earnings per share growth target of 4-6%, with 4.5 billion of base capital projects…
Appendix 22
Other Key Growth Opportunities Algonquin Power Emera has a 24.3% equity interest in Algonquin Algonquin effectively broadens Emeras asset base to include a meaningful portfolio of: Algonquin Unregulated renewable generation Small…
Other Key Growth Opportunities A Focus on CNG in the Caribbean An Emera proposed project to transport natural gas from Florida to Grand Bahama and other potential markets (i.e.) Nassau Front end engineering and design studies are…
The Northeast Energy Link Project Overview Proposed 2.5 billion project between Emera and National Grid (50/50 JV) New 1,100 MW underground DC line linking Southern New England with cost- competitive renewable energy in Maine,…
Northeast Energy Link Key Milestones 26
Nova Scotia Power Focus Home Heating Options HOME HEATING COST COMPARISON (2,500 Square foot home) Fuel & Maintenance Capital 27
Contact Information Investor Relations Contact: Jill Hennigar, CA Manager, Investor Relations Direct: 902-428-6486 Email: jill.hennigaremera.com
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