Recent Developments Russ Girling, President & CEO 3
Second Quarter 2013 Highlights Our three core business segments generated strong results during the second quarter Higher Alberta power prices, an increase in New York capacity prices, the return to an eight-unit site at Bruce Power…
Second Quarter 2013 Highlights Additional 13 billion in projects expected to be operational from 2016 to the end of the decade: Coastal GasLink, Prince Rupert Gas Transmission Project, Topolobampo and Mazatlan gas pipelines, Grand…
Second Quarter 2013 Financial Highlights TransCanadas three business segments performed well Net income of 365 million or 52 cents per share Comparable earnings - 357 million or 51 cents per share, versus 300 million or 43 cents in…
Energy East Pipeline Project TransCanada continues to feel very positive about this initiative We received significant interest from both producers and refiners during our open season Project would create jobs and long-term…
Energy East Pipeline Project Supports industry desire to access cheaper, more stable Western Canadian crude oil, pushing out unstable foreign oil. Canada currently imports over 700,000 barrels of oil each day Energy East…
Moving Growing Oil Supply to Market Long-haul pipelines well positioned to link growing supply to key refining markets Keystone Serves Mid-West PADD II market Keystone XL & Gulf Coast Project U.S. Gulf Coast imports 4.5…
Gulf Coast Project Construction continues on multiple fronts in Texas and Oklahoma 85 per cent complete US2.3 billion project putting 4,000 Americans to work building the line, local businesses benefit as well Benefits of…
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 Houston Lateral pipeline expected to begin in the coming months…
Keystone XL Review of over one million comments continues. We look forward to the Final Environmental Impact Statement (FEIS) for KXL Over 1,800 days since Keystone XL environmental review began. Operational Keystone review…
Keystone XL U.S. needs oil to start 250 million cars each day, heat homes TransCanada has invested over 5 billion in emission-free energy: solar, hydro, wind and nuclear U.S. consumes 15 million barrels of oil each day,…
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 of…
Alberta Regional Oil Pipeline Business Permit applications filed this spring with provincial regulator for Grand Rapids and Northern Courier oil pipeline projects Northern Courier designed to transport bitumen and diluent; expect…
Canadian Mainline NEB issued decision this spring on tolls and services restructuring proposal TransCanada filed an application for review and variance of the decision May 1, 2013 NEB dismissed our application June 11,…
NGTL System Expansions 700 million of new facilities operational so far in 2013 TransCanada has applied and received approval for an additional 130 million of new facilities We have applied for an additional 145 million of…
Prince Rupert Gas Transmission Project 5 billion investment Project would benefit British Columbians and Canadians Initial capacity of 2 billion cubic feet per day (Bcf/d), ability to expand to 3.6 Bcf/d Project description…
Coastal GasLink 4 billion investment Project team focused on local engagement project being advanced through regulatory process Initial capacity of more than 1.7 Bcf/d Serve LNG facility proposed by Shell, Korea Gas,…
Bruce Power L.P. Unit 4 returned to service in April 2013, expected to allow reactor to run until at least 2021 Bruce now an eight-reactor site for the first time in two decades No further maintenance outages planned for…
Ontario Solar Projects In December 2011, we agreed to purchase nine Ontario solar projects 86 MW, 470 million TransCanada acquired the first of nine projects in late June Anticipate acquiring other eight projects in 2013 and…
TransCanada: Developing North Americas Energy Future All three of our core businesses continued their strong performance through the second quarter We continue to grow our unprecedented portfolio of commercially secured projects,…
Second Quarter 2013 Financial Results Don Marchand, EVP & CFO 23
Second Quarter 2013 Key Messages: Solid results across all three business segments Positive momentum heading into second half of 2013 26 billion portfolio of commercially secured projects Well positioned to fund current…
Consolidated Results of Operations (unaudited) (millions of dollars, except per share amounts) Three months Six months ended June 30 ended June 30 2013 2012 2013 2012 Comparable Earnings(1) 357 300 727 663 Specific items (net of…
Business Segment Results (unaudited) (millions of dollars) Three months Six months ended June 30 ended June 30 2013 2012 2013 2012 Natural Gas Pipelines Canadian Pipelines 491 467 988 933 U.S. and International Pipelines 158 206…
Other Income Statement Items (unaudited) (millions of dollars) Three months Six months ended June 30 ended June 30 2013 2012 2013 2012 Comparable EBIT(1) 787 651 1,601 1,420 Comparable interest expense(1) (252) (239) (509) (481)…
Cash Flow and Investing Activities (unaudited, millions of dollars) Three months Six months ended June 30 ended June 30 2013 2012 2013 2012 Funds Generated From Operations(1) 955 729 1,871 1,600 Investing Activities:…
Financial Position Remains Strong Consolidated Significant financial flexibility Capital Structure* (at June 30, 2013) A grade credit ratings 674 million cash on hand plus 4 billion of undrawn credit lines Three well supported…
TransCanada Key Takeaways Produced solid earnings and cash flow in second quarter 2013 Many factors expected to contribute to earnings growth in 2013 Continue to advance and well positioned to fund 26 billion of commercially…
Question & Answer Period Russ Girling Alex Pourbaix Karl Johannson Don Marchand Glenn Menuz David Moneta 31
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