Tc Energy Corporation · TSX:TRP
Tc Energy — TransCanada — Shareholder Meeting (2017)
18 slides from Tc Energy's shareholder meeting presentation, 2017
Slide 1: Our Priorities
Our Priorities • Safety • Maximize the Value of Our Existing Businesses • Complete Construction • Deliver New Opportunities • Maintain Financial Strength
Slide 2: TransCanada Today
TransCanada Today • One of North America’s Largest Natural Gas Pipeline Networks – 91,500 km (56,900 mi) of pipeline – 23 bcf/d; ~25% of continental demand • Premier Liquids Pipeline System – 4,300 km (2,700 mi) of pipeline – 545,000 bbl/d; ~20% of Western Canadian exports • One of the Largest Priva
Slide 3: Forward Looking Information and Non-GAAP Measures
Forward Looking Information and Non-GAAP Measures This presentation includes certain forward looking information, including future oriented financial information or financial outlook, which is intended to help current and potential investors understand management’s assessment of our future plans and
Slide 4: 2016 – A Transformational Year
2016 – A Transformational Year • Acquired Columbia Pipeline Group and Columbia Pipeline Partners LP for approximately US$14 Billion – Created one of North America’s largest natural gas transmission businesses • Added $13 Billion of New Projects to Near-Term Growth Portfolio – Projects are across our
Slide 5: 2016 Financial Highlights
2016 Financial Highlights Comparable Earnings per Share* Comparable EBITDA* Comparable Funds Generated (Dollars) ($Billions) from Operations* ($Billions) 12% Increase 13% Increase 7% Increase 6.6 2.78 5.9 2.48 5.2 4.8 2015 2016 2015 2016 2015 2016 *Comparable Earnings per Share, Comparable EBITDA an
Slide 6: Common Share Dividend Increased 10.6% in February 2017
Common Share Dividend Increased 10.6% in February 2017 ~10% CAGR 2.50* 2.26 ~7% 2.08 1.92 CAGR 1.76 1.84 1.68 1.60 1.52 1.44 1.36 1.28 1.22 1.16 1.08 1.00 0.90 0.80 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 '17E *Annualized based on second quarter declaration. CAGR is compo
Slide 7: Strong Track Record of Delivering Shareholder Value
Strong Track Record of Delivering Shareholder Value $70 Common Share Price (TRP-TSX) $60 $50 $40 $30 $20 $10 $0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 14% Average Annual Total Shareholder Return Since 2000 7
Slide 8: First Quarter 2017 Financial Highlights
First Quarter 2017 Financial Highlights Comparable Earnings per Share* Comparable EBITDA* Comparable Funds Generated (Dollars) ($Billions) from Operations* ($Billions) 16% Increase 32% Increase 21% Increase 2.0 0.81 0.70 1.5 1.5 1.2 2016 2017 2016 2017 2016 2017 *Comparable Earnings per Share, Compa
Slide 9: Demand for North American Energy Continues to Grow
Demand for North American Energy Continues to Grow (Quadrillion Btu) Oil Electricity Natural Gas 160 140 120 100 80 60 40 20 0 2012 2020E 2025E 2030E 2035E 2040E Source: U.S. Energy Information Administration, International Energy Outlook 2016 Notes: Mexico energy demand forecast based on pro rata 2
Slide 10: An Integrated Natural Gas Pipeline Network
An Integrated Natural Gas Pipeline Network • Current position: – Strong, competitive position across North America • Near-term: – Advancing $18.2 billion* of projects in Canada, the U.S. and Mexico • Longer-term: – Additional investment expected to connect growing supply to markets *TransCanada shar
Slide 11: A Premier Liquids Pipeline Business
A Premier Liquids Pipeline Business • Current position: – Keystone has safely and reliably transported over 1.5 billion barrels of oil • Near-term: – Advancing $2.1 billion* of projects to create a regional liquids pipeline system in Alberta • Longer-term: – Additional investment expected to connect
Slide 12: Well Established Energy Platform
Well Established Energy Platform • Current position: – 6,200 MW portfolio of long-term contracted assets (following sale of U.S. Northeast Power assets) • Near-term: – Advancing $2.2 billion* of projects to grow and extend the life of our assets • Longer-term: – Complete Bruce Power refurbishment –
Slide 13: $23 Billion Near-term Capital Program
$23 Billion Near-term Capital Program Natural Gas Pipelines – U.S. Liquids Pipelines Energy Natural Gas Pipelines – Mexico Natural Gas Pipelines – Canada *TransCanada share in Canadian Dollars Underpinned by Long-Term Contracts or Cost-of-Service Regulation 13
Slide 14: Columbia Acquisition and Near-term Capital Program Driving Significant Growth
Columbia Acquisition and Near-term Capital Program Driving Significant Growth ~$9.3 Billion ~10% CAGR $5.9 Billion ENERGY LIQUIDS PIPELINES NATURAL GAS PIPELINES 2015 Comparable EBITDA 2020E Comparable EBITDA *Comparable EBITDA is a non-GAAP measure. See the Forward-looking Information and non-GAAP
Slide 15: Dividend Growth Outlook Through 2020
Dividend Growth Outlook Through 2020 $2.50* $2.26 $2.08 '15 '16 '17E '18E '19E '20E * Annualized rate based on second quarter declared dividend of $0.625 per share Expect Annual Dividend Growth at the Upper End of 8 to 10% Range 15
Slide 16: $45 Billion+ of Long-term Growth Opportunities
$45 Billion+ of Long-term Growth Opportunities* • Bruce Power Life Extension ($5.3 billion post 2020) • Four transformational projects – Prince Rupert Gas Transmission ($5 billion) – Coastal GasLink ($4.8 billion) – Energy East ($15.7 billion) and related Eastern Mainline Project ($2.0 billion) – Ke
Slide 17: Key Takeaways
Key Takeaways • Diversified Asset Base Provides Multiple Growth Platforms – Five operating businesses, in three core geographies – Over 95% of Comparable EBITDA derived from regulated or long-term contracted assets • Visible Growth Portfolio – $23 billion to 2020 – Additional opportunities include o
Slide 18: Thanks For Your Support
Thanks For Your Support 18