Canadian Utilities Limited Class A · TSX:CU
Canadian Utilities Limited Class A — Shareholder Meeting (2020)
23 slides from Canadian Utilities Limited Class A's shareholder meeting presentation, 2020
Slide 1: Canadian Utilities Limited 2020 Annual General Meeting
CL CANADIAN UTILITIES LIMITED Ma 4, ATCO company 2020 ANNUAL GENE
Slide 2: Legal Disclaimer
Statements made by representatives for Canadian Utiliti information provided hei sks and uncertainties and therefore actual results may differ ose currently anticipated, and Canadian Statements. By and unknown ri materially from disclaims any in en th rn ion LEGAL DISCLAIMER 2a ature, such statement
Slide 3: 2019 Financial Review: Performance, Strength, Resiliency
2019 FINANCIAL REVIEW a PERFORMANCE STRENGTH RESILIENCY
Slide 4: 2019 Financial Review: Performance
2019 FINANCIAL REVIEW Ne PERFORMANCE
Slide 5: Financial Performance
FINANCIAL PERFORMANCE oe $607M $608M 2019 ADJUSTED EARNINGS 2018 2019
Slide 6: Utility Adjusted Earnings
UTILITY ADJUSTED EARNINGS — CONTINUED OPERATIONAL EXCELLENCE & COST EFFICIENCIES ACHIEVED IN 2019 2018 2019 2020 ANNUAL GENERAL MEETING CUI
Slide 7: Energy Infrastructure Adjusted Earnings
ENERGY INFRASTRUCTURE ADJUSTED EARNINGS i EARNINGS FROM $110M NON-RECURRING EVENTS NGOING EARNIN oe GOING GS 2018 2019
Slide 8: Energy Infrastructure
ENERGY INFRASTRUCTURE ales
Slide 9: Financial Performance
FINANCIAL PERFORMANCE ee TH S608M 2019 ADJUSTED EARNINGS 2018 2019
Slide 10: 2019 Financial Review: Strength
2019 FINANCIAL REVIEW aia S STRENGTH
Slide 11: Investment Grade Ratings
INVESTMENT GRADE RATINGS ane “CREDIT RATING (STABLE) DBRS
Slide 12: Prudent Portfolio Management
PRUDENT PORTFOLIO MANAGEMENT Sold Canadian fossil fuel- based portfolio for $821M Generating capacity of approximately 2,300MW 2020 ANNUAL GENERAL MEETING
Slide 13: Prudent Portfolio Management
PRUDEN| | PORTFOLIO MANAGEMENT Alberta PowerLine sold for $222M Canadian Utilities will remain operator 2020 ANNUAL GENERAL MEETING
Slide 14: Enhanced Financial Strength & Liquidity
ENHANCED FINANCIAL STRENGTH & LIQUIDITY ae $1.0B $0.6B $7.28 CASH MB AVAILABLE LINES OF CREDIT $1.8B 2018 MAR 2020
Slide 15: 2019 Financial Review: Resiliency
2019 FINANCIAL REVIEW 2 RESILIENCY
Slide 16: Resilient Earnings Growth
HESS BAIS EARNINGS GROWTH 1980 aad 2020 ANNUAL GENERAL MEETING =
Slide 17: Resilient Earnings Growth 1980-85
HESISTEDIOVG ELIMI EARNINGS GROWTH 1980-85 «amt 1980 aad 2020 ANNUAL GENERAL MEETING =
Slide 18: 2001 Dotcom bubble and 9/11
2001 Dotcom bubble and 9/111 il a 1980 aad 2020 ANNUAL GENERAL MEETING =
Slide 19: 2008-2009 Financial Crisis
2008-2009 Financial Crisis | | ll 1980 aad 2020 ANNUAL GENERAL MEETING =
Slide 20: Resilient Earnings Growth
ESITENIOVG EDIMIDISs EARNINGS GROWTH oats Oro den GCOC decision and global t-~ commodity price declines | samt 1980 aad 2020 ANNUAL GENERAL MEETING =
Slide 21: Resiliency: Earnings Growth
RESILIENCY: EARNINGS GROWTH 2 Long-track record of earnings growth through various regulatory and macro-economic cycles | vamanatill | 1980 2019 2020 ANNUAL GENERAL MEETING CUI
Slide 22: Dividend Growth: Years of Annual Dividend Increases
EOIN UG MIEN) DIVIDEND GROWTH 48 YEARS OF ANNUAL DIVIDEND INCREASES: $1.74 per share in 2020 Longest track record of annual dividend increases ll of any Canadian publicly traded company | 1972 2020 2020 ANNUAL GENERAL MEETING =
Slide 23: 2019 Financial Review: Performance, Strength, Resiliency
2019 FINANCIAL REVIEW a PERFORMANCE STRENGTH RESILIENCY