Atco Ltd. Class I · TSX:ACO.X
Atco Ltd. Class I — Investor Presentation (March 2024)
35 slides from Atco Ltd. Class I's investor presentation, March 2024
Slide 1: Disclaimer
DISCLAIMER Due to uncertainty surrounding the application of recent amendments to the Competition Act (Canada), the documents incorporated by reference herein are referenced for historical information purposes only and do not constitute active or current representations of ATCO Ltd. or any of its re
Slide 2: ATCO Ltd.
el ATCO Ltd.
Slide 3: Agenda
Investor Presentation Agenda Executive Committee 3 Financial Overview ATCO Group Overview Environment, Sustainability and Governance 12 Structures & Logistics 14 Neltume Ports 19 Ashcor 20 ATCO Land and Development 21 Canadian Utilities Overview 22 ATCO Energy Systems 25 ATCO EnPower 27 Appendix 30
Slide 4: Executive Committee
Executive Committee @ Nancy C. Southern Adam M. Beattie M. George Constantinescu Dale Friesen Chair & Chief Executive Officer, President, Structures Executive Vice President Senior Vice President, Corporate Affairs ATCO Ltd. & Chief Transformation Officer & Chief Government Affairs Officer Jim Lando
Slide 5: Financial Overview: Continued Growth
Financial Overview 2015 2023 Continued Growth sea: ne price ities declines LONG-TERM TRACK RECORD OF ADJUSTED EARNINGS GROWTH 2016 — THROUGH VARIOUS GLOBAL MACRO-ECONOMIC CYCLES oon para Fane $432 MILLION IN ADJUSTED EARNINGS IN 2023" _ | LL, 93 94 95 96 97 98 99 00 01 O02 03 04 05 06 OF 08 O9 10 11
Slide 6: Financial Overview: Market Leading Dividend Growth
Financial Overview Market Leading Dividend Growth 31 YEARS OF ANNUAL DIVIDEND INCREASES* DIVIDENDS DECLARED OF $1.90 PER SHARE IN 2023 93 94 95 96 97 98 99 00 01 02 03 04 05 06 O7 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 YEAR *ATCO has declared first quarter 2024 dividends of $0.4898 per shar
Slide 7: 2023 Highlights
✓ Adjusted EPS growth of 3% year-over-year ✓ Significant base business growth at ATCO Structures ✓ Established new joint venture at Neltume Ports ✓ Increased dividends ✓ Meaningful progress towards ESG targets
Slide 8: Strong Issuer Credit Ratings
Strong Issuer Credit Ratings FitchRatings ATCO’ | ING. | An ATCO Company i LI CANADIAN UTILITIES mus LIMITED ‘An ATCO Company ATCO Ltd. Investor Presentation
Slide 9: ATCO Group Overview
eee ATCO Group Overview For recent filings and further details please visit: atco.com
Slide 10: ATCO Group Overview
Slide 11: Organizational Structure
ATCO Group Overview Organizational Structure ! | | 40% 100% 52.7% Structures & Logistics ATCO | Corporate 1 1 Business Unit 1, Canadian Utilities Limited ownership as of December 31, 2023, *ATCO Corporate also includes Fresh Bites, the global corporate head office in Calgary, Canada, ATCO licensing
Slide 12: Strategy
ATCO Group Overview Strategy Our essential services investments offer customers around the world tailored solutions to meet their individual needs and offer investors a stable and growing earnings profile, with exposure to favourable macroeconomic trends and a long-term investment horizon. SHELTER E
Slide 13: Our Commitment to ESG
Our Commitment to ESG ATCO's Commitment to Sustainability For ATCO, sustainability is more than an aspiration; it is interwoven into our strategy, our day-to-day operations, the products and services we provide, and the fabric of our people. It manifests across our family of companies in both how we
Slide 14: Strategic 2030 ESG Targets
Our Commitment to ESG Strategic 2030 ESG Targets Supporting the energy transition and reducing GHG emissions co, Reduce our customers’ GHG emissions by 2 million tonnes through continued participation in renewable energy, cleaner Reduce GHG emissions to earnings intensity by 30 per cent (Scope 1 and
Slide 15: ATCO Structures & Logistics global operations
WITH SALES OFFICES AROUND THE WORLD AND OPERATIONS ON FOUR CONTINENTS, ATCO STRUCTURES & LOGISTICS HAS THE EXPERTISE TO RAPIDLY DELIVER TURNKEY SOLUTIONS ANYWHERE THEY ARE NEEDED. GLOBAL HEAD OFFICE @ MANUFACTURING FACILITIES @ STRUCTURES OFFICE/OPERATIONS @ FRONTEC OFFICE/OPERATIONS ATCO Ltd. Inves
Slide 16: Structures & Logistics Adjusted Earnings
Structures & Logistics Adjusted Earnings' Strong performance driven by expansion of base business earnings. 48% YoY Growth 2022 2023 1, Adjusted earnings is a total of segments measure (as defined in NI 52-112) See Legal Notice for additional information,
Slide 17: ATCO Structures
Structures & Logistics ATCO Structures Focus on expansion of base business earnings which contribute two-thirds to three-quarters of our segment earnings and offer attractive stability and serve to enhance earnings quality. Base business earnings are supplemented by large-scale global workforce hous
Slide 18: ATCO Frontec
Structures & Logistics ATCO Frontec Taking care of the details so our customers can focus on their core business. LODGING & SUPPORT SERVICES + Safely operating workforce accommodation facilities in remote locations for energy, mining, construction and government clients. SPECIALIZED SITE SERVICES FO
Slide 19: BHP Jansen Discovery Lodge, Saskatchewan
BHP Jansen Discovery Lodge, Saskatchewan Structures & Logistics ATCO Frontec Leveraging our experience in remote locations and successfully building mutually beneficial partnerships. BHP JANSEN DISCOVERY LODGE CAMP SERVICES CONTRACT * Awarded $86 million contract for Wicehtowak Frontec Services (WFS
Slide 20: Neltume Ports Overview
Neltume Ports Overview « Neltume Ports is a port operator and developer with a diversified portfolio of 18 multi-purpose, bulk cargo and container port facilities and 5 port operations services. * The business continues to focus on growth and the deployment of capital - both in the form of increased
Slide 21: Ashcor Overview
Ashcor Overview We develop innovative means to repurpose ash, both “live” ash and reclaimed ash, enabling it to play a vital role in solving infrastructure and environmental challenges. We are a trusted ash expert and a pioneer in our industry. COMMON USES FOR OUR ASH: Ready Mixed Concrete Oil Well
Slide 22: ATCO Land and Development Overview
ATCO Land and Development Overview * Invests in, and holds, high-value land in areas where ATCO's global expertise, vision, and brand can be leveraged for use by ATCO's own companies and in conjunction with partners. * The current portfolio’ for ATCO Land and Development includes: * 11 commercial re
Slide 23: Canadian Utilities Overview
Canadian Utilities Overview For the standalone Canadian Utilities Limited Investor Presentation and further details please visit: canadianutilities.;com 22
Slide 24: Current Operations and Investments
Current Operations and Investments! ATCO Energy Systems, ATCO EnPower and Retail Energy International Natural Gas Distribution and Electricity Generation ATCO EnPower International Electricity Operations $238 $3.8B 344,000m' 66,000KM 105,000KM in Assets in Revenues Natural Gas Liquids Pipelines? Ele
Slide 25: Canadian Utilities Strategy
Canadian Utilities Overview Strategy Build on our core utility businesses and invest in activities aimed at advancing the energy transition and ensuring long-term resiliency. Optimize our energy infrastructure assets and add new growth platforms. Leverage our expertise in key markets, including Nort
Slide 26: ATCO Energy Systems
ATCO Energy Systems *2023 Mid-Year Rate Base is described in Canadian Utilities Limited's Management's Discussion and Analysis for the year-ended December 31, 2023, ATCO Ltd. Investor Presentation 25
Slide 27: CU Inc. returns vs. peers
CL 1 INC. | An ATCO Company 10 YEAR AVERAGE (2013-2022) 10.6% AUC Approved Alberta Utility Peer CU Inc. Average? Average’ ATCO Ltd. Investor Presentation 26
Slide 28: ATCO EnPower Business Overview
ATCO EnPower Business Overview *Operating assets based on total capacity as of December 31, 2023. ATCO Ltd. Investor Presentation 27
Slide 29: ATCO EnPower Renewables Development Pipeline
ATCO EnPower Renewables - Development Pipeline Project Province Type Total MW Forty Mile Wind Phase 1 Uprating Alberta Wind 23 MW Development Capacity! Forty Mile Solar Alberta Solar 220 MW. Alberta BESS Projects Alberta Battery 115 MW Craig Lake Wind Alberta Wind 246 MW Hand Hills Wind Alberta Wind
Slide 30: For the standalone Canadian Utilities Investor Presentation
Slide 31: Appendix
Appendix 30
Slide 32: Neltume Ports
Neltume Ports Our Neltume Ports business continues to focus on growth and the deployment of capital — both in the form of increased ownership in our existing investments and through the pursuit of new investments for our diversified portfolio. Prior Year Current Terminal Port % Ownership" % Ownershi
Slide 33: Legal Notice
Legal Notice Forward-Looking Information Advisory Statements made by company representatives and information provided in this presentation may be considered forward-looking information. Such information includes, but is not limited to, references to: strategic plans, goals and targets, including ATC
Slide 34: Legal Notice
Legal Notice Other Financial Measure Disclosure Advisory This presentation contains various "total of segments measures" (as such term is defined in NI 52-112). NI 52-112 defines a “total of segments measure" as a financial measure disclosed by an issuer that is a subtotal or total of two or more re
Slide 35: ATCO
ATCO me: ee com Oe com Tel: 403.292.7500 és ‘or Relations _ to Relations@ate 5302 Fora id Street SW Calgary, Alberta T3E 8B4 Canada =f — — > A