Atco Ltd. Class I · TSX:ACO.X
Atco Ltd. Class I — FY2023 Earnings Presentation
15 slides from Atco Ltd. Class I's earnings presentation, February 2024
Slide 1: Disclaimer
DISCLAIMER Due to uncertainty surrounding the application of recent amendments to the Competition Act (Canada), the documents incorporated by reference herein are referenced for historical information purposes only and do not constitute active or current representations of ATCO Ltd. or any of its re
Slide 2: Full Year 2023 Business Highlights
Full Year 2023 Business Highlights ATCO Ltd. February 2024
Slide 3: Earnings Profile
Earnings Profile Total 2023 Adjusted Earnings1 Adjusted Earnings Summary ($M) 2023 $90M Structures & Logistics3 $90 Structures & Logistics3 Neltume Ports $22 ATCO Corporate & Other3 $5 ATCO Energy Systems3 $340 ATCO EnPower3 $26 2 $22M $432M CU Corporate & Other3 $(51) Neltume Canadian Utilities Tot
Slide 4: Structures
ATCO Structures Our Structures business continues to focus on the expansion of its base business earnings, comprised of global space rentals and global workforce housing, with this subset of the business now representing, on average, two-thirds to three-quarters of our segment earnings. These base b
Slide 5: Neltume Ports
Puerto Angamos (PANG) Neltume Ports Our Neltume Ports business continues to focus on growth and the deployment of capital – both in the form of increased ownership in our existing investments and through the pursuit of new investments for our diversified portfolio. Prior Year Current Terminal Port %
Slide 6: Energy Systems Mid-Year Rate Base Growth (3-year Plan)
ATCO Energy Systems Mid-Year Rate Base Growth (3-year Plan) 3.0% to 4.4% $16.7B to $17.4B $15.4B Growth $1.7B per year $1.4B $2.9B to $3.2B $2.6B $3.3B to $3.4B $3.1B $5.3B $5.1B $3.2B $3.5B to $3.8B 2023 2026E Electricity Distribution Electricity Transmission Natural Gas Distribution Natural Gas Tr
Slide 7: Supportive Regulatory Jurisdictions with Prospective Rates
ATCO Energy Systems Supportive Regulatory Jurisdictions with Prospective Rates • Decision on the parameters for PBR 3 was received in October 2023. • Key changes vs. PBR 2 include: i. Increase in X Factor to 0.4%. Third Performance-Based ii. Modifications to capital funding provisions. Regulation (P
Slide 8: Renewables – Development Pipeline
ATCO EnPower Renewables – Development Pipeline 9% Project Province Type Total MW 27% 1.3 GW Forty Mile Wind Phase 1 Uprating Alberta Wind 23 MW Development Capacity1 64% Forty Mile Solar Alberta Solar 220 MW Alberta BESS Projects Alberta Battery 115 MW Craig Lake Wind Alberta Wind 246 MW Hand Hills
Slide 9: Renewables – Development Pipeline Timeline
ATCO EnPower Renewables – Development Pipeline Timeline Commercial Operations Dates & Installed Capacities (MW)1 Project 2023 2024 2025 2026 2027 2028 2029 2030 Forty Mile Wind Uprating 23 MW Forty Mile Solar 220 MW Alberta BESS Projects 115 MW Craig Lake Wind 246 MW Hand Hills Wind 180 MW Hand Hill
Slide 10: ATCO's Hydrogen Strategy and Approach
ATCO EnPower ATCO’s Hydrogen Strategy and Approach Four demand pillars underpin ATCO’s approach to hydrogen project development: ATCO’s hydrogen strategy: Utility Decarbonization 1) Prioritizes large volume low carbon fuel demand across 3 local demand pillars • Commercial/residential heat • Power ge
Slide 11: ATCO's Heartland Hydrogen Project
ATCO EnPower ATCO’s Heartland Hydrogen Project ATCO EnPower is developing a world class clean hydrogen Proximity to Market production facility in the Alberta Industrial Heartland. Heartland The project will be fully integrated with hydrogen storage, Hydrogen Production Site transportation, and carbo
Slide 12: Heartland Hydrogen Timeline & Key Milestones
ATCO EnPower Heartland Hydrogen Timeline & Key Milestones Key Milestone 2024 2025 …… 2029 FEED Sanctioning – Mid 2024 • Secure FEED EPC contracts – in progress • Finalize project partnership, strategic and/or financial – in progress (live & competitive process) • Secure FEED financing – in progress
Slide 13: 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 ATC
Slide 14: Legal Notice
Legal Notice Other Financial Measure Disclosure Advisory This presentation contains various “total of segments measures” (as such term is defined in NI 52-112). NI 52-112 defines a “total of segments measure” as a financial measure disclosed by an issuer that is a subtotal or total of two or more re
Slide 15: Investor Relations Contact
ATCO.com canadianutilities.com Tel: 403.292.7500 Investor Relations InvestorRelations@atco.com 5302 Forand Street SW Calgary, Alberta T3E 8B4 Canada 14