Capital Power Corporation · TSX:CPX
Capital Power — 2017 CIBC Whistler Institutional Investor Conference
10 slides from Capital Power's conference presentation, Jan 26, 2017
Slide 1: Institutional Investor Conference
CAPITAL POWER Institutional Investor Conference Brian Vaasjo, President & CEO January 26, 2017
Slide 2: Capital Power – a North American IPP
Capital Power – a North American IPP Vision is to be one of North America’s most respected, reliable and competitive power generators Publicly-traded company Builds, owns and operates headquartered in power generation at 18 Edmonton, Alberta with a facilities in Canada and the market cap of ~$2B and
Slide 3: Executing on proven competencies
Executing on proven competencies Operational Increasing performance and reducing risk at a excellence lower cost while managing GHG cost and risk Delivering opportunities in the U.S. and Contracted growth positioned to continue Excellent assets & skills in energy-only market Alberta market are trans
Slide 4: High fleet availability
High fleet availability Strong operating plant availability averaging 93% in past 7 years 18,000 100% 16,000 95% 95% 95% 14,000 94% 95% 93% 12,000 92% 91% 10,000 90% Generation 90% (GWh) 8,000 6,000 85% 4,000 2,000 0 80% 2010 2011 2012 2013 2014 2015 2016E 2017T Generation Average plant availability
Slide 5: Growth opportunities
Growth opportunities Well-positioned for natural gas and renewables growth in Alberta New Frontier Wind Nolin Hills Wind Garrison Butte Tisch Mills Wind Wind Black Fork Wind Salt Springs Cardinal Point Acquire or develop Wind Bloom Wind Wind contracted opportunities across the U.S. 5
Slide 6: Alberta opportunity set
Alberta opportunity set Significant investment required over the next 14 years Up to $30 billion 5,000 MWs in renewables to replace retirement of coal units with balance in natural gas and other to meet demand Capital Power well-positioned with our existing power sites, development and constru
Slide 7: Improving contracted EBITDA
Improving contracted EBITDA(1,2,3) $450 $400 $350 Bloom Beaufort $300 Macho Springs K2 Wind ($M) $250 Shepard PD&N $200 Halkirk $150 Quality Wind Island Generation $100 North Carolina Kingsbridge 1 $50 Genesee 1&2 $0 2010 2011 2012 2013 2014 2015 2016E 2017T Substantial expansion in contracted EBITD
Slide 8: Strong financial coverage
Strong financial coverage Operating margin(1) to financial obligations(2) and dividends(3) 150% Contracted5 + merchant ($60/MWh) 140% 130% Contracted5 + merchant (forwards(4)) Contracted5 + merchant ($40/MWh) 120% 110% Contracted5 margin 100% Minimum Alberta power prices 90% required to cover financ
Slide 9: Target annual dividend increases
Target annual dividend increases Annualized dividend per common share(1,2) $1.79 Annual 7% dividend $1.67 $1.56 growth guidance to $1.46 2018 $1.36 $1.26 Pipeline of opportunities to expand contracted footprint throughout North America 2013 Y/E 2014 Y/E 2015 Y/E 2016 Y/E 2017T 2018T Well positio
Slide 10: Investor Relations Contact
Investor Relations Contact Randy Mah 10423 101 Street NW Senior Manager 10th Floor (780) 392-5305 Edmonton, Alberta rmah@capitalpower.com Canada, T5H 0E9 www.capitalpower.com
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