Canadian Utilities Limited Class A · TSX:CU
Canadian Utilities Limited Class A — Q3 2024 Earnings Presentation
21 slides from Canadian Utilities Limited Class A's earnings presentation, Nov 14, 2024
Slide 1: Disclaimer
DISCLAIMER Due to uncertainty surrounding the application of recent amendments to the Competition Act (Canada), these documents are provided for historical information purposes only and do not constitute active or current representations of Canadian Utilities Limited or any of its related parties. T
Slide 2: Q3 2024 Earnings Call
Q3 2024 Earnings Call Canadian Utilities Limited November 14, 2024
Slide 3: Legal Notice: Forward-Looking Information Advisory
Legal Notice Forward-Looking Information Advisory Statements made by company representatives and information provided in this presentation may be considered forward-looking information. Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "plan",
Slide 4: Legal Notice: Non-GAAP and Other Financial Measures Disclosure Advisory
Legal Notice Non-GAAP and Other Financial Measures Disclosure Advisory This presentation contains various “total of segments measures” (as such term is defined in National Instrument 52-112 – Non-GAAP and Other Financial Measures Disclosure ("NI 52-112")) and “non-GAAP financial measures” (as such t
Slide 5: Q3 2024 Adjusted Earnings Waterfall
Business Highlights Q3 2024 Adjusted Earnings1 Waterfall $5 $5 $8 $3 $102 +17% $87 Year-over-Year Growth Q3 ATCO ATCO ATCO Corporate & Q3 2023 1 Energy Systems 2 EnPower 2 Australia 2 Other 2 2024 1 Note: Millions of Canadian dollars. 1. Total of segments measure (as defined in NI 52-112). The most
Slide 6: ATCO Australia
Business Highlights ATCO Australia Sixth Access Arrangement (AA6) Hydrogen Jobs Plan Project • The final decision for AA6 was received from the Economic • In August 2024, the South Australian Hydrogen Jobs Plan project Regulation Authority (ERA) on November 8, 2024. secured development approval for
Slide 7: Strong Cash Flows Support Capital Program
Business Highlights Strong Cash Flows Support Capital Program Cash Flows from Operating Activities Capital Investment1 $419 $420 $410 $331 Q3 2023 Q3 2024 Q3 2023 Q3 2024 Portfolio of cash flow generating assets support our strategic investments that underpin long-term growth Note: Millions of Canad
Slide 8: Canada's Energy Future Begins in Alberta
1 Growth Drivers Canada’s Energy Future Begins in Alberta # GDP Per Capita 1 #1 Population Growth 2 $152B+ new investment in Major Projects in Alberta3 1. Government of Alberta, GDP per capita, 2023. 2. Statistics Canada. 3. Government of Alberta, Major Projects, November 2024. Canadian Utilities Li
Slide 9: ATCO Energy Systems
Canadian Utilities Limited Q3 2024 Presentation 8 ATCOEnergy Systems [ CONFIDENTIAL ] • June 2024
Slide 10: Energy Systems Q3 2024 Adjusted Earnings Waterfall
ATCO Energy Systems Q3 2024 Adjusted Earnings1 Waterfall $2 $5 $94 $1 $86 Q3 Electricity Natural Gas LUMA Energy Q3 2023 1 (Distribution & (Distribution & (International Electricity 2024 1 Transmission) 2 Transmission) 2 Operations) 2 Note: Millions of Canadian dollars. 1. Total of segments measure
Slide 11: Continued Investment Across our Utilities
ATCO Energy Systems Continued Investment Across our Utilities Capital Investment (Q3 2024)1 Capital Investment (YTD 2024)1 $366 $931 $797 $289 Q3 2023 Q3 2024 YTD 2023 YTD 2024 Note: Millions of Canadian dollars. 1. Non-GAAP financial measure (as defined in NI 52-112). The most directly comparable f
Slide 12: Yellowhead Mainline
ATCO Energy Systems Yellowhead Mainline Existing pipeline Yellowhead Needs application filed with AUC in 200-230 km length pipeline Production September 2024 Fort McMurray Total investment for the project is 1.1 Bcf/d capacity estimated at $2.8 billion Construction to start in 2026; expected to be o
Slide 13: Yellowhead Mainline Timeline
ATCO Energy Systems Yellowhead Mainline Timeline Q2 2024 Q3 2024 Q2 2025 Q3 2025 Q2 2026 Q3 2026 Q4 2027 Pre-FEED AUC Need AUC Need Approval Land Acquisition Regulatory and Construction Target Complete Application FEED Complete Complete Permitting Start In-service Date AUC Facility Complete Long Lea
Slide 14: ATCO EnPower
Canadian Utilities Limited Q3 2024 Presentation 13 ATCOEnPower [ CONFIDENTIAL ] • June 2024
Slide 15: EnPower Q3 2024 Adjusted Earnings Waterfall
ATCO EnPower Q3 2024 Adjusted Earnings1 Waterfall $6 $1 $14 $9 Q3 Electricity Storage & Q3 2023 1 Generation 2 Industrial Water 2 2024 1 Note: Millions of Canadian dollars. 1. Total of segments measure (as defined in NI 52-112). The most directly comparable measure reported in accordance with IFRS i
Slide 16: Canadian Electricity Generation
ATCO EnPower Canadian Electricity Generation Generation (MWh) Contractedness Merchant 229,565 190,442 29,129 33% 32,237 63,689 28,611 Hydroelectric Q3 Solar 2024 Wind 67% 129,594 136,747 Power Purchase Agreement Q3 2023 Q3 2024 Higher generation offset lower merchant pricing Canadian Utilities Limit
Slide 17: Heartland Hydrogen Hub
ATCO EnPower Heartland Hydrogen Hub Achievements to date ATCO Heartland Business update Energy Center • Signed Letter of Intent with Linde Canada Inc. (Linde). • Working alongside Linde and other parties to further the development and Heartland Hydrogen Hub Site commercial success of the project. •
Slide 18: Clean Fuels – Strategy Driven by Strategic Partnerships
ATCO EnPower Clean Fuels – Strategy Driven by Strategic Partnerships Supply Production Storage Transport Market Natural Gas Supply Natural Gas Reforming CO Sequestration 2 Industrial Use Mobility Water Treatment Low-Cost Utility Renewable Energy Water Electrolysis Sub-Surface Storag
Slide 19: Renewables – Development Opportunities
ATCO EnPower Renewables – Development Opportunities CONSTRUCTION LATE-STAGE DEVELOPMENT COD / OPERATING - WIND COD / OPERATING - SOLAR COD / OPERATING - BESS COD & gross installed capacities 2024 2025 2026 2027 2028 2029 2030 Forty Mile Solar 220 MW Wicehtowak Solar1 15 MW Miyopayiwin Wind1 105 MW H
Slide 20: Canadian Utilities Limited Q3 2024 Presentation
Canadian Utilities Limited Q3 2024 Presentation 19
Slide 21: Questions & Answers
Questions & Answers InvestorRelations@atco.com Canadian Utilities Limited Q3 2024 Presentation 20