Canadian Utilities Limited Class A · TSX:CU
Canadian Utilities Limited Class A — CIBC Whistler Institutional Investor Conference 2019
13 slides from Canadian Utilities Limited Class A's conference presentation, January 2019
Slide 1: CIBC Whistler Institutional Investor Conference
CIBC WHISTLER INSTITUTIONAL INVESTOR CONFERENCE JANUARY 2019
Slide 2: Legal Disclaimer
LEGAL DISCLAIMER Statements made by representatives for ATCO Ltd. and 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 therefor
Slide 3: Organizational Structure
ORGANIZATIONAL STRUCTURE With approximately 7,000 employees ATCO and assets of $23 billion, ATCO is a (TSX: ACO.X / ACO.Y ) diversified corporation providing ~$4 billion common sustainable, innovative and equity capitalization comprehensive energy solutions globally. Canadian Utilities (TSX: CU / CU
Slide 4: ATCO Focus: Global Essential Services
ATCO FOCUS: GLOBAL ESSENTIAL SERVICES Energy Real Estate Housing Logistics & Water Transportation Agriculture CIBC WHISTLER INSTITUTIONAL INVESTOR CONFERENCE JANUARY 2019 4
Slide 5: Canadian Utilities: Energy Infrastructure
CANADIAN UTILITIES ENERGY INFRASTRUCTURE
Slide 6: Regulated Utilities
REGULATED UTILITIES ELECTRIC TRANSMISSION ELECTRIC DISTRIBUTION $5,227M Rate Base $2,476M Rate Base NATURAL GAS DISTRIBUTION NATURAL GAS TRANSMISSION INTERNATIONAL NATURAL GAS $2,537M Rate Base $1,633M Rate Base DISTRIBUTION $1,177M Rate Base CIBC WHISTLER INSTITUTIONAL INVESTOR CONFERENCE JANUARY 2
Slide 7: Rate Base Growth
RATE BASE GROWTH Regulated Capital Investment Mid-Year Rate Base Expected to Grow 4% - 5% per year $1.1B $1.2B $1.2B $13.0B $12.5B $11.9B $1.2B $10.3B $1.1B $8.9B $1.5B $2.2B $2.3B 2013 2014 2015 2016 2017 2018 2019 2020 2013 2014 2015 2016 2017 2018 2019 2020 CIBC WHISTLER INSTITUTIONAL INVESTOR CO
Slide 8: Utilities Achieve Top Tier Returns on Equity
UTILITIES ACHIEVE TOP TIER RETURNS ON EQUITY 14% 13% CU Inc. ROE +2.33% on average above AUC 12% approved ROE from 11% 2007-2017 10% 9% 8% • Alberta Utility average is a simple average and includes: AltaGas, AltaLink, Enmax 7% Distribution, Enmax Transmission, EPCOR Distribution, EPCOR Transmission,
Slide 9: Non-Regulated Businesses
NON-REGULATED BUSINESSES ELECTRICITY GENERATION ELECTRICITY GENERATION ELECTRICITY GENERATION CANADA AUSTRALIA MEXICO 2,300 MW 176 MW 46 MW INDUSTRIAL WATER SOLUTIONS HYDROCARBON STORAGE NATURAL GAS STORAGE CANADA CANADA CANADA 85,200 m3/day 400,000 m3 52 PJ CIBC WHISTLER INSTITUTIONAL INVESTOR CONF
Slide 10: Mexico Expansion
MEXICO EXPANSION Mexico Attractiveness • Energy Reform offers opportunities for energy infrastructure investment • Attractive GDP growth forecast Gomez • Acquired and built a total of 46 MW of electricity Palacio generation, including hydroelectric generation; contracted to build 26 MW of natural ga
Slide 11: Electricity Generation: Coal to Gas Conversion
ELECTRICITY GENERATION: COAL TO GAS CONVERSION Battle River • Partial conversion (50%) completed on BR4 Mar 2018 • Proceeding with “Dual Fuel” conversion of BR5 with commercial operation date (COD) of Dec 2019 • Proceeding with increasing natural gas interconnection to the site to support the conver
Slide 12: ATCO Credit Ratings
ATCO CREDIT RATINGS CIBC WHISTLER INSTITUTIONAL INVESTOR CONFERENCE JANUARY 2019 12
Slide 13: Continued Dividend Growth
CONTINUED DIVIDEND GROWTH ATCO $1.62 Canadian Utilities $1.69 26 year track record of Longest track record of per share per share increasing common annual dividend increases share dividends* of any Canadian publicly traded company* 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15
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