Canadian Utilities Limited Class A · TSX:CU
Canadian Utilities Limited Class A — Shareholder Meeting (2015)
22 slides from Canadian Utilities Limited Class A's shareholder meeting presentation, Dec 21, 2015
Slide 1: Canadian Utilities Limited Annual General Meeting
Cu a CANADIAN UTILITIES LIMITED An ATCO Company © | ANNUAL GENERAL a | MEETING
Slide 2: Legal Disclaimer
Legal Disclaimer Cc OTILITIES LIMITED Mm a, ATCO company Statements made by representatives for Canadian Utilities Limited and information provided in this presentation may be considered forward-looking statements. By their nature, such statements are subject to numerous known and unknown risks and
Slide 3: Introduction: Maintaining financial strength
Introduction CLS cries men ——| any An Maintaining financial strength
Slide 4: Summary: Strong track record of success
Summary CO cries wen ME 4, ATCO company ill Strong track record of success
Slide 5: Track Record of Success: Earnings Growth
Track Record of Success: CL aes UTILITIES LIMITED Earnings Growth EEE 22 ATCO conan $575M 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14
Slide 6: Track Record of Success: Dividend Growth
Track Record of Success: mt UTILITIES LIMITED Dividend Growth MEE 4) ATCO company Canadian Utilities: More than 40 Consecutive Years of Dividend Growth 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15
Slide 7: Track Record of Success: Asset Growth
Track Record of Success: CL UTILITIES LIMITED Asset Growth MEE 0 ATCO company 2010 Total Assets 2014 Total Assets = Utilities || Energy ATCO Australia J Corporate and Other ¢ Utilities have grown at a remarkable pace the last 5 years e We have maintained our financial strength during this period of
Slide 8: Utilities Capital Expenditures
CANADIAN Utilities Capital Expenditures OLS tritires Lwreo Mm 4, ATCO company Utility Capital Expenditures ($7.7B) 2011 2012 2013 2014 ATCO Pipelines ATCO Gas M@ Electric Distribution @ Electric Transmission
Slide 9: ATCO Australia
ATCO Australia OTILINES LIMITED Mg 4) ATCO company a ATCO Australia is focused 2 on building a diversified : " Townsville energy infrastructure and Karratha he MacKay services business in the a |. Gladstone same way we built our Sy. Bulwer Island diversified business in Re 4 © ® Brisbane Alberta. h
Slide 10: Growing High-Quality Earnings
Growing High-Quality Earnings CLS tities ren ME 4, ATCO company Adjusted Earnings ($M) $572 $575 $515 ' ; : 2011 2012 2013 2014
Slide 11: Continued growth across our businesses
C CANADIAN UTILITIES LIMITED Ma 4, ATCO company Continued growth across our businesses
Slide 12: Regulated Utility Capital Expenditure
Regulated Utility Capital Expenditure CL exes UTILITIES LIMITED Estimates MEE 0 ATCO company ~$5.1 billion in utility projects St ATCO Australia : ATCO Pipelines ee — ATCO Gas —_ ATCO Electric ———— Distribution 2015 2016 2017 ATCO Electric Transmission
Slide 13: Commercially Secured Projects
Commercially Secured Projects COLE tritiries Leo Ma an ATCO company Water Infrastructure Hydrocarbon Storage
Slide 14: Financial Strength
Financial Strength COL tries mre an ATCO c: i Maintaining financial strength
Slide 15: Financial Strength: Credit Ratings
Financial Strength: Credit Ratings Cc Unies LreD —— STANDARD } CANADIAN UTILITIES LIMITED he | An ATCO Company , STRONG CREDIT RATING
Slide 16: Canadian Utilities Limited Finance Plan
Canadian Utilities Limited Finance Plan COL tries Leo Mg 4) ATCO company Canadian Utilities Funding Sources* Preferred *2010-2014 actuals used for representation purposes
Slide 17: Financial Strength: Liquidity and Capital Resources
Financial Strength: Cu: CANADIAN arco. LIMITED Liquidity and Capital Resources EXCELLENT LIQUIDITY POSITION $2 billion of readily $400 million in accessible lines of available cash on credit the balance sheet
Slide 18: First Quarter 2015
First Quarter 2015 Cc OTILITIes LIMITED Mu 3, ATCO; First Quarter Adjusted Earnings ($millions) 2014 2015
Slide 19: First Quarter 2015
First Quarter 2015 Cc OTILITIeS LIMITED ME 4, ATCO company First Quarter Adjusted Earnings ($millions) due to regulatory decisions 169 H One-time adjustment 2014 2015
Slide 20: First Quarter 2015
First Quarter 2015 CLS cries men an ATCO company First Quarter Adjusted Earnings ($millions) Related to weaker global economic conditions 1 AG One-time adjustment 169 due to regulatory decisions 2014 2015
Slide 21: Summary: Maintaining financial strength
Summary Cc Gites LreD Maintaining financial strength
Slide 22: Canadian Utilities Limited Annual General Meeting
Cu a CANADIAN UTILITIES LIMITED An ATCO Company © | ANNUAL GENERAL a | MEETING