Canadian Utilities Limited Class A · TSX:CU
Canadian Utilities Limited Class A — Shareholder Meeting (May 2017)
16 slides from Canadian Utilities Limited Class A's shareholder meeting presentation, May 3, 2017
Slide 1: Annual General Meeting
ME) ATCO company ANNUAL GENERAL MEETING CANADIAN UTILITIES LIMITED \ = ¥ — May 3, 2017 4 ' |)
Slide 2: 2016 Reasons for Success / Financial Focus Going Forward
CANADIAN UTILITIES LIMITED 2016 REASONS FINANCIAL FOCUS FOR SUCCESS GOING FORWARD ASSET GROWTH ~ DIVIDEND GROWTH v EARNINGS GROWTH ANNUAL GENERAL MEcTING 2017 [LUI
Slide 3: Asset Growth
ASSET GROWTH 2011 Canadian Utilities 2016 Canadian Utilities Total Assets Total Assets Regulated Utility 2 Assets Non-Regulated 5 Assets ANNUAL GENERAL MEcTING 2017 [LUI
Slide 4: Dividend Growth
DIVIDEND GROWTH $0.3575 CANADIAN UTILITIES: Longest track record of & | of any Canadian publicly annual dividend increases traded company* il Tl 12 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 1 92 93 94 95 96 97 98 99 OO O1 02 03 OF 05 6 1 BONN BMG 6 * On April 6, 2017, Canadian Utilities
Slide 5: Earnings Growth
EARNINGS GROWTH Canadian Utilities Achieved Record Adjusted Earnings in 2016 tk S590M 9483M 2015 2016 Lower operating costs UES tower operating costs | Growth Investment in regulated utilities Drivers Investment in long-term contracted assets ANNUAL GENERAL MEETING 2017 [US
Slide 6: Lower Operating Costs
LOWER OPERATING COSTS Lower Operating Costs Positively Impacted 2016 Earnings aN 2015 2016
Slide 7: Capital Investment in 2016
CAPITAL INVESTMENT IN 2016 $1.4B in Regulated Utility and Contracted Capital Investment in 2016 . i Regulated Utility Capital and Long-term Contracted Capital © Other ANNUAL GENERAL MEcTING 2017 [LUI
Slide 8: First Quarter 2017
FIRST QUARTER 2017 Canadian Utilities Achieved Record First Quarter Adjusted Earnings in 2017 OH wa haa Q1 2016 Q1 2017 ANNUAL GENERAL MEcTING 2017 [LI
Slide 9: Financial Focus for the Future
FINANCIAL FOCUS FOR THE FUTURE Canadian Utilities is taking a focused and disciplined approach to pursue cost savings and efficiencies in every part of the organization to ensure we deliver the most competitive solutions to our customers FINANCIAL PRIORITIES FOR 2017 AND BEYOND ae | dl | i OPERATION
Slide 10: Continued Capital Investment
CONTINUED CAPITAL INVESTMENT ELECTRIC TRANSMISSION NATURAL GAS TRANSMISSION ELECTRICITY GENERATION REGULATED UTILITY LONG TERM CONTRACTS
Slide 11: Regulated Utility Capital Investment
REGULATED UTILITY CAPITAL INVESTMENT ELECTRIC TRANSMISSION ELECTRIC DISTRIBUTION NATURAL GAS TRANSMISSION NATURAL GAS DISTRIBUTION $3.8 BILLION (2017-2019)
Slide 12: Long-Term Contracted Capital Investment
LONG-TERM CONTRACTED CAPITAL INVESTMENT FORT MCMURRAY WEST OD KY TRENSHISSION HYDROCARBON STORAGE DISTRIBUTED GENERATION $1.2 BILLION (2017-2019)
Slide 13: Financial Strength: Funding Sources
FINANCIAL STRENGTH: FUNDING SOURCES Canadian Utilities Funding Sources 2011 - 2016 Funds Generated _Dividend Capital Debt Issues Preferred by Operations Reinvestment (DRIP) Redeployment (net of repayments) Shares ANNUAL GENERAL MEcTING 2017 [LI
Slide 14: Financial Strength: Balance Sheet
FINANCIAL STRENGTH: BALANCE SHEET Strong financial position supports access to capital ANNUAL GENERAL MEcTING 2017 [LUI
Slide 15: Summary
SUMMARY GROWING HIGH CONTINUED QUALITY DIVIDEND EARNINGS BASE GROWTH CONTINUED GLOBAL CAPITAL INVESTMENT EFFICIENCY ANNUAL GENERAL MEETING 2017 [LJ
Slide 16: Annual General Meeting
ME) ATCO company ANNUAL GENERAL MEETING CANADIAN UTILITIES LIMITED \ = ¥ — May 3, 2017 4 ' |)