Atco Ltd. Class I · TSX:ACO.X
Atco Ltd. Class I — Shareholder Meeting (May 2021)
92 slides from Atco Ltd. Class I's shareholder meeting presentation, May 12, 2021
Slide 1: Annual General Meeting May 12, 2021
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Slide 2: A New Approach
A NEW APPROACH — Businesses must elevate purpose and responsible development.
Slide 3: ATCO = 2021 ANNUAL GENERAL MEETING
ATCO = 2021 ANNUAL GENERAL MEETING
Slide 4: World Class Hydrogen Project
/ Wort CLASS HYDROGEN PROJECT
Slide 5: GHG Emissions, Indigenous Agreements, Employee Contributions
IN DIRECT AND AGREEMENTS WITH THROUGH INDIVIDUAL GHG EMISSIONS INDIGENOUS GROUPS EMPLOYEE CONTRIBUTIONS ATCO = 2021 ANNUAL GENERAL MEETING
Slide 6: ATCO = 2021 ANNUAL GENERAL MEETING
ATCO = 2021 ANNUAL GENERAL MEETING
Slide 7: Annual General Meeting
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Slide 8: ATCO: Nominated Directors
ATCO: NOMINATED DIRECTORS DENIS MICHAEL ROBERT ELLARD RAYFIELD ROUTS NANCY LINDA ROGER SUSAN CHARLES SOUTHERN = SQUTHERN-HEATHCOTT URWIN WERTH WILSON ATCO = 2021 ANNUAL GENERAL MEETING
Slide 9: Annual General Meeting
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Slide 10: Legal Disclaimer
LEGAL DISCLAIMER Statements made by representatives for ATCO Ltd. and information provided in this presentation may be considered forward-looking statements. By their nature, such statements are subject to numerous known and unknown risks and uncertainties and therefore actual results may differ mat
Slide 11: 2020 Financial Review
2020 FINANCIAL REVIEW GAP $ 2020 FINANCIAL FINANCIAL BEYOND ACCOMPLISHMENTS STRENGTH 2020 ATCO 1071 ANNUAL GENERAL MEETING
Slide 12: 2020 Financial Accomplishments
2020 FINANCIAL REVIEW 2020 FINANCIAL ACCOMPLISHMENTS
Slide 13: 2020 — A Year of Financial Turbulence
2020 — A YEAR OF FINANCIAL TURBULANCE TORONTO STOCK EXCHANGE COMPOSITE INDEX December 31, 2019 to March 31, 2020 31-Dec-19 18,000 4 17,063 - : 31-Dec-20 17,000 t e 117,433 16,000 31-Mar-20 15,000 13,378 14,000 if 13,000 | —— we 12,000 11,000 ATCO 1071 ANNUAL GENERAL MEETING
Slide 14: 2020 — A Year of Financial Turbulence
2020 — A YEAR OF FINANCIAL TURBULANCE WEST TEXAS INTERMEDIATE OIL PRICE (SUS) December 31, 2019 to March 31, 2020 $70 31-Dec-19 ae 1 $61.06 ATCO = 2021 ANNUAL GENERAL MEETING
Slide 15: Track Record of Adjusted Earnings
TRACK RECORD OF ADJUSTED EARNINGS 2016 Alberta wildfires | 2015 GCOC decision and global commodity price declines t- 2013 Calgary floods —* Long track record of earnings growth through various regulatory and macro-economic cycles 2008-09 Financial crisis —— 1993 2019 ATCO = 2021 ANNUAL GENERAL MEETI
Slide 16: ATCO 2020 Adjusted Earnings
ATCO 2020 ADJUSTED EARNINGS Forgone earnings S365M $352M from businesses +—- | §45M sold in 2019 $320M wf Normalized adjusted +—+ earnings 2019 2020 ATCO = 2021 ANNUAL GENERAL MEETING
Slide 17: ATCO Structures: Global Diversification
ATCO STRUCTURES: GLOBAL DIVERSIFICATION — Te <= Permanent Modular Construction Workforce Housing Rentals 2020 REVENUES ATCO 2021 ANNUAL GENERAL MEETING
Slide 18: ATCO Structures Adjusted Earnings
ATCO STRUCTURES ADJUSTED EARNINGS 2019 2020
Slide 19: ATCO Frontec Adjusted Earnings
“ATCO FRONTEC ADJUSTED EARNINGS COVID-19 impacted earnings S1M Q3 YTD 2019 Q3 YTD 2020
Slide 20: ATCO Frontec Adjusted Earnings
ATCO FRONTEC ADJUSTED EARNINGS Won new contracts in 2020 2019 2020 2021 ANNUAL GENERAL MEETING
Slide 21: Energy Infrastructure Adjusted Earnings
S15M S15M : ¢ é is a 2 gi 2019 2020 Lh ele ATCO = 2021 ANNUAL GENERAL MEETING
Slide 22: Canadian Utilities 2020 Adjusted Earnings
CANADIAN UTILITIES 2020 ADJUSTED EARNINGS Bulk of adjusted $299M earnings come |—* from the 5 utilities S15M S6M Energy LUMA Utilities Infrastructure Corporate ($40M) ATCO 1071 ANNUAL GENERAL MEETING
Slide 23: Returns on Equity Year Average (2010-19)
RETURNS ON EQUITY 10 YEAR AVERAGE (2010-19) 10.8% ALBERTA UTILITIES ACHIEVE TOP TIER RETURNS ON EQUITY - CU Inc.’s average ROE +2.3 per cent above average AUC approved over last 10 years 8.5% 8.9% - Operational excellence benefits our customers and share owners AUC AB Utility CU INC. Approved Averag
Slide 24: ATCO = 2021 ANNUAL GENERAL MEETING
ATCO = 2021 ANNUAL GENERAL MEETING
Slide 25: Financial Strength
2020 FINANCIAL REVIEW $ FINANCIAL STRENGTH
Slide 26: Financial Strength: Growth Funding
FINANCIAL STRENGTH: GROWTH FUNDING Readily Accessible Lines of Credit Capital Markets Cash on the Underpinned by A Balance Sheet Range Credit Rating ATCO = 2021 ANNUAL GENERAL MEETING
Slide 27: Financial Strength: Credit Ratings
FINANCIAL STRENGTH: CREDIT RATINGS "CREDIT RATING _OREDIT RATING y __ OREDIT RATING Fi (STABLE) ~.., (NEGATIVE) (STABLE) ATCO AND CU INC. CANADIAN UTILITIES Ratings ATCO = 2021 ANNUAL GENERAL MEETING
Slide 28: Resiliency: Dividend Growth
| RESILIENCY: DIVIDEND GROWTH 28 years of annual dividend increases $1.79 per share |}—-@ 1993 2000 2007 2014 2021 ATCO 7021 ANNUAL GENERAL MEETING
Slide 29: Beyond 2020
2020 FINANCIAL REVIEW Gee BEYOND 2020
Slide 30: First Quarter 2021 Adjusted Earnings
FIRST QUARTER 2021 ADJUSTED EARNINGS $119M $106M ~~ 912020 01 2021 TEO 2021 ANNUAL GENERAL MEETING
Slide 31: 2021 and Beyond
2021 AND BEYOND SF ey || ail Path 6L08AL LONG TERM EARNINGS ESSENTIAL SUSTAINABLE DIVERSIFICATION SERVICES RETURNS ATCO = 2021 ANNUAL GENERAL MEETING
Slide 32: Annual General Meeting
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Slide 33: Year in Review
YEAR IN REVIEW Throughout 2020, we braved and overcame political, social and 4 economic waves. Ie se 1 nye \
Slide 34: Quote from R.D. Southern, Founder
“Going far beyond the call of duty. Doing more than others expect. This is what excellence is all about. It comes from striving, maintaining the highest standards, looking after the smallest detail and going the extra mile. Excellence means caring. It means making a special effort to do more.” R.D.
Slide 35: Sustainability
SUSTAINABILITY Leading the way to a cleaner, greener future. ATCO = 2021 ANNUAL GENERAL MEETING
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Slide 37: Low Carbon Energy Future
LOW CARBON ENERGY FUTURE
Slide 38: Hydrogen: Clean Energy Solution
HYDROGEN: CLEAN ENERGY SOLUTION LE | emis slOne
Slide 39: Hydrogen Blending Project
/, HYDROGEN BLENDING PROJECT en ATCO = 2021 ANNUAL GENERAL MEETING
Slide 40: Hydrogen: New Project Funding
HYDROGEN: NEW PROJECT FUNDING
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Slide 42: ATCO Structures
ACO tat
Slide 43: Workforce Housing
/, WORKFORCE HOUSING Cedar Valley Lodge, British-Columbia ATCO = 2027 ANNUAL GE MEET
Slide 44: Workforce Housing
/, WoRKFoRCE HOUSING Le Site C Two Rivers Lodge, British Columbia ATCO = 2021 ANNUAL GENERAL MEETING
Slide 45: China Lake Military Rebuild, California
China Lake Military Rebuild, California ATCO = 2021 ANNUAL GENERAL MEETING
Slide 46: Innovative Modular Solutions
INNOVATIVE MODULAR SOLUTIONS Leveraging our expertise in modular structures to build upscale hotel experiences ATCO = 2021 ANNUAL GENERAL MEETING
Slide 47: Innovative Modular Solutions
INNOVATIVE MODULAR SOLUTIONS Fairfield Inn & Suites, San Francisco Airport North ATCO = 2021 ANNUAL GENERAL MEETING
Slide 48: Innovative Modular Solutions
INNOVATIVE MODULAR SUR = a Moxy ae mat . ATCO = 2021 ANNUAL GENERAL MEETING
Slide 49: ATCO EspacioMovil: Mexico
ATCO ESPACIOMOVIL: MEXICO Modular Health Facility, Tijuana ATCO = 2027 ANNUAL GE
Slide 50: ATCO Structures Australia
ATCO STRUCTURES AUSTRALIA
Slide 51: ATCO Structures Australia
ATCO STRUCTURES A lg eae = RALIA ATCO = 2021 ANNUAL GENERAL MEETING
Slide 52: ATCO Sabinco Chile
ATCO SABINCO CHILE — / ATCO = 2021 ANNUAL GENERAL MEETING
Slide 53: ATCO Sabinco Chile
ATCO SABINCO CHILE ATCO = 2021 ANNUAL GENERAL MEETING
Slide 54: ATCO Frontec
ATCO FRONTEC ATCO = 2021 ANNUAL GENERAL MEETING
Slide 55: Modular Medical Facilities
MODULAR MEDICAL FACILITIES 2021 ANNUAL GENERAL MEETING
Slide 56: ATCO = 2021 ANNUAL GENERAL MEETING
ATCO = 2021 ANNUAL GENERAL MEETING
Slide 57: ATCO = 2021 ANNUAL GENERAL MEETING
ATCO = 2021 ANNUAL GENERAL MEETING
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Slide 60: ATCO = 2021 ANNUAL GENERAL MEETING
ATCO = 2021 ANNUAL GENERAL MEETING
Slide 61: Investing in Our Communities
J wa: INVESTING IN OUR S ( 5 x & GIRLS CLUBS DE PUERTO RICO a ® De
Slide 62: LUMA College Groundbreaking
LUMA COLLEGE GROUNDBREAKING ATCO = 2021 ANNUAL GENERAL MEETING
Slide 63: Neltume Ports
NELTUME PORTS Terminal Pacifico Sur Va be raiso, Chile 2021 ANNUAL GENERAL MEETING
Slide 64: Neltume Ports: Alabama Expansion
NELTUME PORTS: ALABAMA EXPANSION abile, Alabama ATCO = 2021 ANNUAL GENERAL MEETING
Slide 65: Our Communities
OUR COMMUNITIES Contributing, volunteering and building relationships. ENERAL MEETING
Slide 66: Blue Flame Kitchen
BLUE FLAME KITCHEN ATCO = 2021 ANNUAL GENERAL MEETING
Slide 67: ATCO = 2021 ANNUAL GENERAL MEETING
ATCO = 2021 ANNUAL GENERAL MEETING
Slide 68: ATCO Village: Homes for Heroes
/ Aico VILLAGE: HOMES FOR HEROES Ld hi “Se hristmas
Slide 69: ATCO Village: Homes for Heroes
Slide 70: Naa
Naa Ra Ie . a .
Slide 71: Our Communities
Aj iT 4 eons eTcrAring MMUNITIES ATCO = 2021 ANNUAL GENERAL MEETING
Slide 72: Volunteers and Contributions
IN 2020 BY OUR CUMULATIVE TOTAL HEART AND SOUL ATCO VOLUNTEERS SINCE 2006 OF OUR ATCO PEOPLE ATCO = 2021 ANNUAL GENERAL MEETING
Slide 73: Biggie Awards: Australia
[sisst AWARDS: AUSTRALIA ATCO = 2021 ANNUAL GENERAL MEETING
Slide 74: Biggie Awards: Australia
Slide 75: Indigenous Partnerships
INDIGENOUS PARTNERSHIPS New, collaborative models for Indigenous partnerships around the world. 2
Slide 76: ATCO = 2021 ANNUAL GENERAL MEETING
ATCO = 2021 ANNUAL GENERAL MEETING
Slide 77: Emerging Leaders: Australia
EMERGING USO LEADERS: AUSTRALIA
Slide 78: Corporate Governance
CORPORATE GOVERNANCE Focus on best practices for corporate stewardship and employee relations.
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Slide 80: Our People: Our Greatest Asset
OUR PEOPLE: OUR GREATEST ASSET r ATCO = 2021 ANNUAL GENERAL MEETING
Slide 81: Our People: Our Greatest Asset
Slide 82: Our People: Our Greatest Asset
Slide 83: Looking Towards the Future
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Slide 92: Annual General Meeting May 12, 2021