Capital Power Corporation · TSX:CPX

Capital Power — CIBC Institutional Investor Conference 2013

10 slides from Capital Power's conference presentation, Jan 24, 2013

  1. Slide 1: CIBC Institutional Investor Conference

    CIBC Institutional Investor Conference Whistler, BC Brian Vaasjo, President & CEO January 24, 2013

  2. Slide 2: Capital Power's strategy creates value throughout business cycle

    Capital Power’s strategy creates value throughout business cycle Independent power producer (IPP) strategy consistent since IPO Market  We develop, acquire and focus operate larger facilities, Balance of Consistent contracted maintaining discipline on access to geography, technology and and low cos

  3. Slide 3: Fleet aligned with business strategy in 2012

    Fleet aligned with business strategy in 2012 Commission 292 MW from two wind projects on time and under budgets  Quality Wind - COD Nov/12 and ~10% under budget  Halkirk - COD Dec/12 and ~3% under budget Rationalized fleet and sharpened focus  Divested small hydro facilities Announced major expan

  4. Slide 4: Alberta market

    Alberta market Positive long term supply dynamics Projected reserve margin signals Forecast spark spreads the need for new capacity in the above historical average 2017-2020 timeframe AB market design expected to continue to provide timely pricing signals for the addition of new supply Source: AESO

  5. Slide 5: Shepard Energy Centre

    Shepard Energy Centre Excellent fit with our strategy and will strengthen our position in Alberta Provides stable cash flows  20-year tolling agreement on 50% of owned capacity with ENMAX  Additional 25% contracted for 2015-17 which increases cash flow certainty during an expected period of low po

  6. Slide 6: Capital Power Energy Centre to be built to meet Alberta's power needs

    Capital Power Energy Centre to be built to meet Alberta’s power needs Expands our market share in the attractive Alberta market  Working with General Electric in the development of the project, and would utilize GE’s latest gas turbine technology • Looking to partner with 3rd party in the developme

  7. Slide 7: We will own the best fleet in the fastest growing power market in North America

    We will own the best fleet in the fastest growing power market in North America Expansion plans will increase our Alberta portfolio to ~3,100 MW 3,000  Best peaking responsiveness 2,500  Best coal reliability  Lowest environmental 2,000 (MW) impact and lowest cost 1,500  Most competitive natural

  8. Slide 8: Modern fleet

    Modern fleet Helps keep availability high and reduces risk of unplanned outages  Average weighted facility age of the current fleet is 12.1 years(1)  2 new wind projects (195 MW) begin commercial operations in 2013 - 2014 CBEC 3 Facility age CBEC 2 Remaining life CBEC 1 Island Generation Gas Joffr

  9. Slide 9: Balanced portfolio of merchant and contracted generation

    Balanced portfolio of merchant and contracted generation(1) Today - 2012 Year-end 2015E 15 facilities (3,603 MW) 17 facilities (4,048 MW(2)) • 43% capacity contracted • 48% capacity contracted 4% 3% 13% 16% 29% 26% 26% 29% 28% 26% AB commercial US Northeast commercial Mid-Atlantic contracted AB cont

  10. Slide 10: Investor Relations Contacts

    Investor Relations Contacts Randy Mah Chris Williams Senior Manager Senior Analyst (780) 392-5305 (780) 392-5105 rmah@capitalpower.com cwilliams@capitalpower.com

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