Slide 1: Investor Update February 2006
Investor Update February 2006
Slide 2: Forward looking statements
Forward looking statements This presentation may contain forward-looking statements, including statements regarding the business and anticipated financial performance of TransAlta Corporation. These statements are subject to a number of risks and uncertainties that may cause actual results to differ
Slide 3: Financial highlights
Financial highlights TransAlta (millions $Cdn) Q4 '05 Q4 '04 2005 2004 Comparable earnings $58 $37 $174 $128 per share $0.29 $0.19 $0.88 $0.66 Net earnings $70 $62 $199 $170 per share $0.35 $0.32 $1.01 $0.88 Cash flow from operations $212 $176 $619 $591 Debt to capital 43.6% 46.4% 43.6% 46.4% Cash f
Slide 4: Free cash flow
Free cash flow millions $Cdn Q4 '05 Q4 '04 2005 2004 Cash flow from operating activities $ 212 $ 176 $ 619 $ 591 Less: maintenance and other capex 102 54 286 218 Less: scheduled debt repayment 6 12 40 28* Less: distribution to NCI 24 15 78 48 Comparable free cash flow $ 80 $ 95 $ 215 $ 297 *Net of l
Slide 5: Operating performance…solid with major maintenance
Operating performance…solid with major maintenance Q4 '05 Q4 '04 2005 2004 Availability (%) 90.4 90.3 89.4 89.2 Production (GWhs) 13,408 13,117 51,810 51,396 Major maintenance (millions $Cdn) Capital $ 31 21 119 88 Operating $ 11 5 68 73 Total $ 42 26 187 161 Lost production (GWhs) 569 541 2,818 2,5
Slide 6: What lies ahead?
What lies ahead? 1) Contracting 2) Centralia Coal 3) Productivity 4) Growth 5) Sustainable competitive advantage