Canadian Utilities Limited Class A · TSX:CU
Canadian Utilities Limited Class A — Shareholder Meeting (2016)
21 slides from Canadian Utilities Limited Class A's shareholder meeting presentation, 2016
Slide 1: Canadian Utilities Limited 2016 Annual General Meeting
CANADIAN UTILITIES LIMITED 2016 ANNUAL GENERAL MEETING
Slide 2: Legal Disclaimer
LEGAL DISCLAIMER 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 uncertainties and therefore actual res
Slide 3: Introduction
INTRODUCTION GROWING HIGH CONTINUED QUALITY DIVIDEND EARNINGS BASE GROWTH MAINTAINING FINANCIAL STRENGTH FUTURE CAPITAL INVESTMENT I
Slide 4: Regulated Utility Assets / Non-Regulated Assets
Regulated Utility Assets Non-Regulated Assets
Slide 5: Growing a High Quality Earnings Base
GROWING A HIGH QUALITY EARNINGS BASE 2015 Adjusted Earnings (millions) Ld o $575 $471 $515 on 177% — e590 va 65% : = 2011 2012 2013 2014 — Wi Regulated Earnings HB Non-Regulated Earnings ¢ $483M 2015 adjusted earnings © Regulated Utilities contributed 88% of earnings in 2015
Slide 6: Growing a High Quality Earnings Base
GROWING A HIGH QUALITY EARNINGS BASE ATCO ATCO
Slide 7: Growing a High Quality Earnings Base
GROWING A HIGH QUALITY EARNINGS BASE First Quarter Adjusted Earnings (millions) $197 2015 2016
Slide 8: Continued Dividend Growth
CONTINUED DIVIDEND GROWTH CONTINUED DIVIDEND GROWTH
Slide 9: Continued Dividend Growth
CONTINUED DIVIDEND GROWTH Canadian Utilities: $1.30 PER SHARE 44 year track record of increasing - common share dividends i } 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 16
Slide 10: Future Capital Investment
FUTURE CAPITAL INVESTMENT FUTURE CAPITAL INVESTMENT
Slide 11: Future Capital Investment Estimates
FUTURE CAPITAL INVESTMENT ESTIMATES $5.3 billion in regulated utility and contracted capital investment $2.0B LONG-TERM a 8B CONTRACTED CAPITAL REGULATED UTILITY CAPITAL ~ 2016 2017 ~ 2018 by
Slide 12: Future Regulated Capital Investment
FUTURE REGULAT Xxx et ‘ > Bi Seas ae, Y ras ENS Ye = Electric Transmission Electric Distribution Natural Gas Transmission $1.1 billion $1.0 billion $800 million AL INVESTMENT Natural Gas Distribution $1.2 billion $4.1 billion (2016-2018)
Slide 13: Future Long-Term Contracted Capital Investment
FUTURE LONG-TERM CONTRACTED CAPITAL INVESTMENT oor = Sed ~~ “soe Fort McMurray West 500 kV Transmission Industrial Hydrocarbon Distributed Storage Generation Water $1.2 billion (2016-2018) International Natural Gas Transmission
Slide 14: Maintaining Financial Strength
MAINTAINING FINANCIAL STRENGTH MAINTAINING FINANCIAL STRENGTH
Slide 15: Maintaining Financial Strength: Balance Sheet
MAINTAINING FINANCIAL STRENGTH: BALANCE SHEET CANADIAN UTILITIES LIMITED An ATCO Company Strong financial position supports access to capital at attractive rates = bes }
Slide 16: Maintaining Financial Strength: Funding
MAINTAINING FINANCIAL STRENGTH: FUNDING Capital Investment Program Funding Sources (2011-2015) 6% 30% = $10.2 billion 7 9 2% 58% Am Capital Funds Generated DRIP Capital Debt Preferred Investment by Operations Redeployment Issues Shares = bes
Slide 17: Maintaining Financial Strength: Liquidity
MAINTAINING FINANCIAL STRENGTH: LIQUIDITY EXCELLENT LIQUIDITY POSITION 22.65 of readily $400M of available
Slide 18: Summary
SUMMARY GROWING HIGH CONTINUED QUALITY DIVIDEND EARNINGS BASE GROWTH MAINTAINING FINANCIAL STRENGTH FUTURE CAPITAL INVESTMENT
Slide 19: Growing a High Quality Earnings Base
GROWING A HIGH QUALITY EARNINGS BASE First Quarter Adjusted Earnings (millions) $197 2015 2016
Slide 20: Summary
SUMMARY GROWING HIGH CONTINUED QUALITY DIVIDEND EARNINGS BASE GROWTH MAINTAINING FINANCIAL STRENGTH FUTURE CAPITAL INVESTMENT
Slide 21: Canadian Utilities Limited 2016 Annual General Meeting
CANADIAN UTILITIES LIMITED 2016 ANNUAL GENERAL MEETING