Atco Ltd. Class I · TSX:ACO.X
Atco Ltd. Class I — Investor Presentation (June 2024)
35 slides from Atco Ltd. Class I's investor presentation, June 2024
Slide 1: ATCO Ltd.
ATCO Ltd.
Slide 2: Agenda
Investor Presentation Agenda Executive Committee 3 Financial Overview 4 ATCO Group Overview 9 Environment, Sustainability and Governance 13 Structures & Logistics 15 Neltume Ports 20 Ashcor 21 ATCO Land and Development 22 Canadian Utilities Overview 23 ATCO Energy Systems 26 ATCO EnPower 28 Appendix
Slide 3: Executive Committee
Executive Committee © @ @ Nancy C. Southern Adam M. Beattie M. George Constantinescu Dale Friesen Chair & Chief Executive Officer, President, Structures Executive Vice President Senior Vice President, Corporate Affairs ATCO Ltd & Chief Transformation Officer & Chief Government Affairs Officer Jim La
Slide 4: Financial Overview
Financial Overview 2023 Rebasing Continued Growth casei set declines 2020 LONG-TERM TRACK RECORD OF ADJUSTED EARNINGS GROWTH ete) Ga? Alberta THROUGH VARIOUS GLOBAL MACRO-ECONOMIC CYCLES 2008- wildfires $432 MILLION IN ADJUSTED EARNINGS IN 20231 — | Crisis LL 93 94 95 96 97 98 99 00 01 02 03 04 05 0
Slide 5: Financial Overview: Dividend Growth
Financial Overview Market Leading Dividend Growth 31 YEARS OF ANNUAL DIVIDEND INCREASES! DIVIDENDS DECLARED OF $1.90 PER SHARE IN 2023 93 94 95 96 97 98 99 00 01 02 03 04 05 06 OF O08 09 10 11 12 13 144 15 16 17 18 19 20 21 22 23 YEAR ATCO has declared first quarter 2024 dividends of $0.4898 per sha
Slide 6: Earnings Profile
Earnings Profile Total 2023 Adjusted Earnings’ $90M Structures & Logistics? Ports $315M Canadian Utilities? Adjusted Earnings ($M) $22M Neltume Structures & Logistics? $90 Neltume Ports $22 ATCO Corporate & Other? $5 ATCO Energy Systems? $302 ATCO EnPower? $24 ATCO Australia? $32 CU Corporate & Othe
Slide 7: Earnings Profile
Earnings Profile Q1 2024 Adjusted Earnings’ $25M Adjusted Earnings ($M) Structures Structures & Logistics? $25 & Logistics? Neltume Ports $5 ATCO Corporate & Other? - $5M ATCO Energy Systems? $116 Neltume ATCO EnPower? $4 Ports ATCO Australia? $6 CU Corporate & Other? $(8) Canadian Utilities Total $
Slide 8: Strong Issuer Credit Ratings
Strong Issuer Credit Ratings FitchRatings ATCO | INC. | An ATGO Company 7 CANADIAN LU UTILITIES mus LIMITED ‘An arco Company ATCO Ltd. Investor Presentation
Slide 9: ATCO Group Overview
hee ATCO Group Overview For recent filings and further details please visit: atco.com
Slide 10: ATCO Group Overview
Slide 11: Organizational Structure
ATCO Group Overview Organizational Structure ! | | 40% 100% 52.7% ATCO | Corporate Structures & Log ' Business Unit 1 *ATCO Corporate also includes Fresh Bites, the global corporate head office in Calgary, Canada, ATCO licensing fees received, and financing expenses associated with credit . faciliti
Slide 12: Strategy
ATCO Group Overview Strategy Our essential services investments offer customers around the world tailored solutions to meet their individual needs and offer investors a stable and growing earnings profile, with exposure to favourable macroeconomic trends and a long-term investment horizon. SHELTER E
Slide 13: Our Commitment to ESG: 2023 Highlights
Our Commitment to ESG 2023 Highlights 32% reduction in emissions intensity from 2020 baseline 20% reduction in operational GHG emissions since 2020 63% of power generation capacity is renewables 784KT 3.2% e£/0 reduction in customer revenue generated from GHG emissions from transitional products 202
Slide 14: Strategic 2030 ESG Targets
Our Commitment to ESG Strategic 2030 ESG Targets Supporting the energy transition end reducing GHG emissions coz EEA Reduce GHG emissions to Reduce our customers’ GHG emissions ‘Own, develop or manage over earnings intensity by 30 per cent by 2 million tonnes through continued 1,000 megawatts (MW) o
Slide 15: ATCO Structures & Logistics global operations
WITH SALES OFFICES AROUND THE WORLD AND OPERATIONS ON FOUR CONTINENTS, ATCO STRUCTURES & LOGISTICS HAS THE EXPERTISE TO RAPIDLY DELIVER TURNKEY SOLUTIONS ANYWHERE THEY ARE NEEDED. GLOBAL HEAD OFFICE @ MANUFACTURING FACILITIES @ STRUCTURES OFFICE/OPERATIONS @ FRONTEC OFFICE/OPERATIONS ATCO Ltd. Inves
Slide 16: Structures & Logistics: Adjusted Earnings
Structures & Logistics Adjusted Earnings’ Strong performance driven by expansion of base business earnings. 48% YoY Growth 2022 2023 1. Adjusted earnings Is a total of segments measure (as defined in NI 52-112). See Legal Notice - Non-GAAP and Other Financial Measures Disclosure Advisory for additio
Slide 17: ATCO Structures
Structures & Logistics ATCO Structures Focus on expansion of base business earnings which contribute two-thirds to three-quarters of our segment earnings and offer attractive stability and serve to enhance earnings quality. Base business earnings are supplemented by large-scale global workforce hous
Slide 18: ATCO Frontec
Structures & Logistics ATCO Frontec Taking care of the details so our customers can focus on their core business. LODGING & SUPPORT SERVICES + Safely operating workforce accommodation facilities in remote locations for energy, mining, construction and government clients. SPECIALIZED SITE SERVICES FO
Slide 19: BHP Jansen Discovery Lodge, Saskatchewan
BHP Jansen Discovery Lodge, Saskatchewan Structures & Logistics ATCO Frontec Leveraging our experience in remote locations and | successfully building mutually beneficial y Aa WWE partnerships. BHP JANSEN DISCOVERY LODGE CAMP SERVICES CONTRACT + Awarded $86 million contract for Wicehtowak Frontec Se
Slide 20: Neltume Ports Overview
Neltume Ports Overview + Neltume Ports is a port operator and developer with a diversified portfolio of 18 multi-purpose, bulk cargo and container port facilities and 5 port operations services. * The business continues to focus on growth and the deployment of capital — both in the form of increased
Slide 21: Ashcor Overview
Ashcor Overview We develop innovative means to repurpose ash, both “live” ash and reclaimed ash, enabling it to play a vital role in solving infrastructure and environmental challenges. We are a trusted ash expert and a pioneer in our industry. COMMON USES FOR OUR ASH: Ready Mixed Concrete Oil Well
Slide 22: ATCO Land and Development Overview
ATCO Land and Development Overview + Invests in, and holds, high-value land in areas where ATCO's global expertise, vision, and brand can be leveraged for use by ATCO's own companies and in conjunction with partners. * The current portfolio! for ATCO Land and Development includes: * 11 commercial re
Slide 23: Canadian Utilities Overview
Dh dee Canadian Utilities Overview For the standalone Canadian Utilities Limited Investor Presentation and further details please visit: canadianutilities.;com 23
Slide 24: Canadian Utilities Overview: Operations and Investments
Canadian Utilities Overview Current Operations and Investments! ATCO Energy Systems, ATCO EnPower and Retail Energy ATCO Australia ATCO EnPower ATCO Energy Systems (LUMA Energy) $238 $3.88 344,000m' 66,000KM 105,000KM in Assets in Revenues Natural Gas Liquids Pipelines? Electric Storage Capacity Pow
Slide 25: Canadian Utilities Strategy
C ies Overview Strategy Build on our core utility businesses and invest in activities aimed at advancing the energy transition and ensuring long-term resiliency. * Optimize our energy infrastructure assets and add new growth platforms. + Leverage our expertise in key markets, including North America
Slide 26: Canadian Utilities adjusted earnings by segment
• • • • $ 312 M Electricity (Distribution & Transmission)4 $ 211 M Gas (Distribution & Transmission)4 $ 48 M International Electricity Operations (LUMA Energy)4
Slide 27: ATCO Energy Systems Capital Investment (3-year Plan)
ATCO Energy Systems Capital Investment (3-year Plan) 3.5%to$4.3% | pe SE OB 3 Year Mid Year Rate Base CAGR? $4.3B to $4.7B 3 Year Capital Investment Plan! 2023 2024E 2025E 2026E m Electricity Distribution m Electricity Transmission = Natural Gas Distribution = Natural Gas Transmission 4.Capital inve
Slide 28: ATCO EnPower Overview
ATCO EnPower ATCO EnPower Overview ATCO EnPower by the Numbers’ fp fi} Oy 117PJ 544,000m? 85,200m?/d Natural Gas Natural Gas Liquids Water Infrastructure Storage Capacity Storage Capacity Capacity i 242MW 106MW 67MW Operated Wind Operated Solar Operated Hydro Generation Generation Generation Financi
Slide 29: ATCO EnPower Renewables Development Pipeline
ATCO EnPower Renewables - Development Pipeline 1.3 GW Project Province Type Total MW Forty Mile Wind Phase 1 Uprating Alberta Wind 23 MW. Forty Mile Solar Alberta Solar 220 MW. Alberta BESS Projects Alberta Battery 15 MW. Craig Lake Wind Alberta Wind 246 MW Hand Hills Wind Alberta Wind 180 MW Hand H
Slide 30: Standalone Canadian Utilities Investor Presentation
Slide 31: Appendix
Appendix 31
Slide 32: Neltume Ports
Neltume Ports Our Neltume Ports business continues to focus on growth and the deployment of mes capital — both in the form of increased ownership in our existing investments and _ : through the pursuit of new investments for our diversified portfolio. iT Pa “el Prior Year Current Terminal : Port % O
Slide 33: Legal Notice
Legal Notice Forward-Looking Information Advisory Statements made by company representatives and information provided in this presentation may be considered forward-looking information. Such information includes, but is not limited to, references to: strategic plans, goals and targets, including the
Slide 34: Legal Notice: Non-GAAP and Other Financial Measure Disclosure Advisory
Legal Notice Non-GAAP and Other Financial Measure Disclosure Advisory This presentation contains various “total of segments measures’ (as such term is defined in NI 52-112), "non-GAAP financial measures" (as such term is defined in NI 52-112) and “non-GAAP ratios" (as such term is defined in NI 52-
Slide 35: ATCO
ATCO = » @ATCO.com ’ canadianutilities.com Tel: 403.292.7500 Canada