Transalta Corporation · TSX:TA
Transalta — Shareholder Meeting (April 2022)
20 slides from Transalta's shareholder meeting presentation, Apr 28, 2022
Slide 1: TransAlta Corporation Annual and Special Meeting of Shareholders
TransAlta Corporation Annual and Special Meeting of Shareholders APRIL 28, 2022 1
Slide 2: Welcome Remarks
Welcome Remarks John P. Dielwart Chair of the Board 2
Slide 3: Call to Order
TransAlta Annual and Special Meeting of Shareholders Call to Order 3
Slide 4: Agenda
Agenda 1 Election of Directors 2 Annual Audited Financial Statements & Auditors Report 3 Appointment of Auditors 4 Non-Binding Advisory Vote on Say on Pay 5 Approval of Shareholder Rights Plan 4
Slide 5: Nominees set out in the Proxy Circular
Nominees set out in the Proxy Circular The Honourable John P. Dielwart Alan J. Fohrer Laura W. Folse Rona H. Ambrose Alberta, Canada California, U.S.A. Texas, U.S.A. Alberta, Canada Harry A. Goldgut John H. Kousinioris Thomas M. O’Flynn Beverlee F. Park Ontario, Canada Alberta, Canada New Jersey, U.
Slide 6: Annual Audited Financial Statements and Auditors' Report
TransAlta Annual and Special Meeting of Shareholders Annual Audited Financial Statements and Auditors’ Report 6
Slide 7: Appointment of Auditors
TransAlta Annual and Special Meeting of Shareholders Appointment of Auditors 7
Slide 8: Non-Binding Advisory Vote on Say on Pay
TransAlta Annual and Special Meeting of Shareholders Non-Binding Advisory Vote on Say on Pay 8
Slide 9: Approval of Shareholder Rights Plan
TransAlta Annual and Special Meeting of Shareholders Approval of Shareholder Rights Plan 9
Slide 10: Tabulation and Voting Results
TransAlta Annual and Special Meeting of Shareholders Tabulation and Voting Results 10
Slide 11: Termination of Meeting
TransAlta Annual and Special Meeting of Shareholders Termination of Meeting 11
Slide 12: President & Chief Executive Officer's Update
President & Chief Executive Officer’s Update John Kousinioris 12
Slide 13: 2021 Achievements
2021 Achievements 2021 RESULTS AND GROWTH AND CUSTOMER STRATEGIC INITIATIVES FINANCIAL POSITION SOLUTIONS 1 EBITDA increase of 36% 600 MW of growth announced in 2021 Advanced Clean Electricity Growth Plan – Expansion in all 3 operating regions 1 FCF per share increase of 59% to 1 Completed
Slide 14: Accelerating Renewables Growth: 2021 to 2030
Accelerating Renewables Growth: 2021 to 2030 2021 2025 2 GW $3 billion $250 million OF RENEWABLES OF GROW TH CAPEX NEW ANNUAL EBITDA GROW TH 2025 2030 INCREASE IN 5 GW OF GROW TH PIPELINE 2X RENEWABLES FLEET 14
Slide 15: Clean Electricity Growth Plan Execution
Clean Electricity Growth Plan Execution Northern Garden Plain White Rock North Carolina Horizon Hill Goldfields $250 Million Incremental EBITDA Wind Solar Wind Solar Wind Target MW 130 48 300 122 200 Western Caddo County, Logan County, Location Hanna, AB North Carolina Australia OK OK 53% Capital $1
Slide 16: Horizon Hill Wind
Horizon Hill Wind Project Highlights Location Logan County, OK Contracted 100% Size 200 MW Customer Meta Technology Vestas EBITDA US$27-30 million COD H2 2023 Term Long-term On-site construction to begin in Q4 2022 ~90% of US$290 - $310 million in project capital fixed Provides a significant step to
Slide 17: 2022 Priorities
2022 Priorities SAFETY, RELIABILITY AND GROWTH AND STRATEGIC INITIATIVES AVAILABILITY COMMERCIAL • Achieve strong safety • Reach FID on 400 MW of additional clean • Advance 75% CO2 emissions performance energy projects reduction target by 2026 over 2015 levels • Achieve strong fleet availability • A
Slide 18: Our Value Proposition
Diversified and Clean power leader resilient fleet with ESG focus Our Value Proposition ~3 GW Strong growth pipeline financial position 18
Slide 19: Questions & Answers
Questions & Answers Visit us at: www.transalta.com 19
Slide 20: Forward-Looking Statements
Forward-Looking Statements This presentation includes "forward-looking information" within the meaning of applicable Canadian securities laws, and "forward-looking statements" within the meaning of applicable United States securities laws, including the United States Private Securities Litigation Re