Third Quarter 2013 Conference Call November 5, 2013
Recent Developments Russ Girling, President & CEO 3
Third Quarter 2013 Highlights 26 per cent increase in third quarter earnings Comparable earnings in the third quarter of 2013 were 26 per cent higher than during the same period last year This strong performance was mainly the…
Third Quarter 2013 Highlights Other large-scale projects in development include: Energy East, Coastal GasLink, Prince Rupert Gas Transmission Project, Topolobampo and Mazatlan gas pipelines, Grand Rapids and Northern Courier oil…
Third Quarter 2013 Financial Highlights TransCanadas three business segments performed well Net income of 481 million or 68 cents per share Comparable earnings - 447 million or 63 cents per share, versus 349 million or 50 cents in…
Energy East Pipeline Project Project officially announced August 1, 2013 1.1 million barrels per day pipeline; firm, binding contracts for approx. 900,000 bbl/d Energy East will transport Western Canadian oil to Eastern refineries…
Energy East Pipeline Project Deloitte study found Energy East would generate 35 billion in additional GDP, create more than 10,000 full-time jobs during development and construction, 1,000 more jobs once pipeline is operational…
Gulf Coast Project Last month, TransCanada thanked nearly 5,000 workers in America who have helped build the project US2.3 billion project is now over 95 per cent complete and we are preparing for the pipeline to become…
Gulf Coast Project Cushing to Port Arthur project expected to be operational in late 2013 Initial capacity up to 700,000 bbl/d Construction of US300 million, 76-kilometre Houston Lateral pipeline underway Anticipated to be…
Keystone XL We look forward to the release of the Final Supplemental Environmental Impact Statement (FSEIS) for Keystone XL Over 1,800 days since KXL environmental review began. Operational Keystone review took 21 months…
Heartland Pipeline and TC Terminals Projects 900 million for the two projects 200-km pipeline connecting the Edmonton region to facilities in Hardisty, Alberta Ultimate pipeline capacity of 900,000 bbl/d, 1.9 million barrels…
Alberta Regional Oil Pipeline Business Suncor announced last week the Fort Hills oil sands mining project is proceeding. It is expected to begin producing oil as early as 2017 Northern Courier designed to transport bitumen and…
Canadian Mainline Settlement reached in September with local gas distribution companies Agreement allows TransCanada to provide customers with flexibility to source gas from multiple locations, ensure tolls set at levels to…
NGTL Expansions 700 million of new facilities operational so far in 2013 NEB approval received to construct 300 million of new facilities Signed August deal with Progress Energy for 2 Bcf/d of firm contracts that will…
NGTL Rate Settlement NGTL System settlement reached in August Agreement will bring cost and rate certainty on NGTL through 2014 National Energy Board approved NGTL settlement and final 2013 rates November 1, 2013 16
Mexico Natural Gas Pipeline Assets US1.9 billion of projects Tamazunchale extension Topolobampo Mazatlan Challenges with Tamazunchale extension, Q1 2014 still targeted in-service date Engineering and permitting activities…
Alberta Power TransAlta returned Sundance A Unit 1 to service in September, Unit 2 operational in October TransAlta shut down both units in 2010, was ordered by arbitration panel to rebuild the units Units 1 and 2 capable of…
Ontario Solar Projects Acquired two Ontario solar power facilities in late September TransCanada acquired the first of nine projects in July In December 2011, we agreed to purchase nine Ontario solar projects 86 MW, 470…
Conclusion Third quarter 2013 was very strong with a 26 per cent year over year increase in comparable earnings Third quarter cash flow a record 1 billion, up 21 per cent over last year 38 billion portfolio of projects in…
Third Quarter 2013 Financial Results Don Marchand, EVP & CFO 21
Third Quarter 2013 Key Messages: Strong results across all three business segments Positive momentum expected to continue as new projects are placed into service 38 billion portfolio of commercially secured projects Well…
Consolidated Results of Operations (unaudited) (millions of dollars, except per share amounts) Three months Nine months ended Sept 30 ended Sept 30 2013 2012 2013 2012 Comparable Earnings(1) 447 349 1,174 1,012 Specific items…
Business Segment Results (unaudited) (millions of dollars) Three months Nine months ended Sept 30 ended Sept 30 2013 2012 2013 2012 Natural Gas Pipelines Canadian Pipelines 519 477 1,507 1,410 U.S. and International Pipelines…
Other Income Statement Items (unaudited) (millions of dollars) Three months Nine months ended Sept 30 ended Sept 30 2013 2012 2013 2012 Comparable EBIT (1) 891 741 2,492 2,161 Comparable interest expense(1) (235) (249) (744)…
Cash Flow and Investing Activities (unaudited, millions of dollars) Three months Nine months ended Sept 30 ended Sept 30 2013 2012 2013 2012 Funds Generated From Operations(1) 1,046 866 2,917 2,466 Investing Activities:…
Financial Position Remains Strong Consolidated Significant financial flexibility Capital Structure* A grade credit ratings (at September 30, 2013) 645 million cash on hand plus 4 billion of undrawn credit lines Well supported…
TransCanada Key Takeaways Produced strong growth in both earnings and cash flow in third quarter 2013 Positive momentum with several projects coming into service in late 2013 and 2014 Continue to advance and well positioned to…
Question & Answer Period Russ Girling Alex Pourbaix Karl Johannson Don Marchand Glenn Menuz David Moneta 29
Third Quarter 2013 Conference Call November 5, 2013
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