Emera at a Glance Ticker Symbol EMA (TSX) 80% of 2013s Net Income was 11% from regulated investments FiveYear Annualized Total 14.2% Shareholder Return (as of Q2 2014) (S&P TSX Utilities Index 10.1%) 11% Dividend Yield(August 2014)…
RI RI RI RI RI NOVA EMERA PIPELINES EMERA EMERA CORPORATE EMERA NEWFOUNDLAND SCOTIA MAINE CARIBBEAN ENERGY AND OTHER / LABRADOR POWER (100%) TRANSMISSION (100%) 4.23 billion 1.11 billion 737 million 1.03 billion 1.31 billion…
SEPTEMBER 2014 Strategic Overview 7
Emera Strategy THE STRATEGIC OBJECTIVE: Grow EPS and dividends by an annualized average of 46%; within risk profile THE STRATEGIC ELEMENTS: Invest in clean energy generation wind, hydro , biomass, solar Invest in…
Emera Strategic Focus ATLANTIC CANADA Cost reductions/Rate stability at Nova Scotia Power Maritime Link execution Gas supply into the Maritimes NEW ENGLAND Electricity transmission ATLANTIC Gas supply & generation CANADA Meeting…
SEPTEMBER 2014 Major Initiatives
Lower Churchill Phase 1 and Maritime Link MUSKRAT FALLS (MF) GENERATION & LABRADOR TRANSMISSION (LTA) 4.2 billion project value 824 MW hydroelectric facility 4.9 TWh/yr 100% Nalcor owned LABRADOR ISLAND LINK (LIL) 2.79 billion…
LABRADOR ISLAND LINK CONSTRUCTION MARITIME LINK CONSTRUCTION MUSKRAT FALLS TODAY
Maritime Link Key Milestones Achieved final regulatory approval in Nova Scotia November, 2013 Construction start Q1 2014 Maritime Link Financing Q2 2014 Financial Close for Federal Loan Guarantee Q1 2014 Financing/ Bonds issued Q2…
Northeast Transmission Development MUSKRAT FALLS (MF) GENERATION & LABRADOR TRANSMISSION (LTA) NL LABRADOR ISLAND LINK QC (LIL) ON PE NB MARITIME LINK ME NS VT NH Wind Facility NY Hydro Facility MA CT RI…
Northeast Transmission Development The New England electricity market is demonstrating strong interest in procuring clean energy under longterm contracts from Northern Maine/Canadian sources in order to: Meet greenhouse gas reduction…
New Gas Generation in New England In November 2013, Emera acquired three recent vintage natural gas generation facilities Strategic Fit Emera Energy has built expert knowledge of the Northeast market over the last 10 years,…
Plant Retirements Will Tighten the Generation Market ISONew England has identified 7,808 MWs of generation (25% of 30,500 MW of total ISONE) as being at risk of retiring due to coming environmental regulations. o The 1,620 MW…
New England and Maritime Gas NL QC ON NB PE ME NS VT NH SOUTHWESTERN ONTARIO TO NEW ENGLAND AND MARITIMES NY MARCELLUS TO NEW ENGLAND AND MA MARITIMES CT RI PA NJ WV MD
New England and Maritime Gas Supply Constraints Sable gas is diminishing; Deep Panuke recently started production but has an estimated 10 year life; No new offshore gas exploration in the Maritimes; New Brunswick shale gas resource…
Caribbean Gas FLORIDA GRAND BAHAMA ANTIGUA DOMINICA PUERTO RICO ST. LUCIA BARBADOS TRINADAD & TOBAGO
Caribbean Gas Strategic Focus Lower emissions; Stabilize and reduce costs for customers. Gas to Bahamas Application with Department of Energy to export gas 6 Mmcf/day can be increased up to 25 Mmcf/day. FERC declaratory order…
Other Key Growth Opportunities 5 2 Northeast Wind 6 4 Northeast Wind (JV between Emera and First 4 3 1 7 Wind) has a 419 MW portfolio of wind energy projects, representing a 225M investment for 3 Emera. 1,200 MW in the development…
Strong Operating Cash Flow (in millions of CAD) Q2 2014 TTM 741 2013 564 USGAAP 2012 398* 488 USGAAP 2011 400 USGAAP 2010 419 USGAAP 2009 310 CGAAP 2008 237 CGAAP * 2012 operating cash flows reflect a 90 million voluntary…
Five Year Capital Plan 5B (in millions of CAD) 1,324 1,242 Other 281 147 Emera Newfoundland 927 941 Base Utilities 55 121 525 580 350 542 340 10 570 536 532 466 463 2014 2015 2016 2017 2018 NOTES: Amounts exclude…
Timing of Investments Maritime Link and Labrador Island Link (in millions CAD) Maritime Link Equity Maritime Link Debt 345 Labrador Island Link Equity 305 240 230 150 100 68 50 100 120 85 70 27 33 0…
Financing Emeras Capital Plan Capital Structure Q2 2014 Targeted Capital Structure 9% ** 10% 42% 49% 35% 55% Debt Equity Preferred Shares Financing Plan Considerations Financing Maturity Profile (Millions) Focus on…
Summary Why Invest in Emera STABLE EARNINGS 80% of Emeras earnings are regulated (2013). Adjusted earning per share CAGR of 8.1% over last 5 years. DIVIDENDS Commitment to grow the dividend in line with earnings. Dividend Yield…
Contact Information Investor Relations Contact: Scott LaFleur, MBA, CMA Acting Manager, Investor Relations Direct: 9024286375 Email: scott.lafleuremera.com 31
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