Canadian Utilities Limited Class A · TSX:CU
Canadian Utilities Limited Class A — Q2 2024 Earnings Presentation
13 slides from Canadian Utilities Limited Class A's earnings presentation, August 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 Canadian Utilities Limited
Slide 2: Q2 2024 Business Highlights
Q2 2024 Business Highlights Canadian Utilities Limited August 2024
Slide 3: Q2 2024 Adjusted Earnings
Earnings Profile Q2 2024 Adjusted Earnings1 Adjusted Earnings Summary ($M) Q2 2024 $17M 3 Electricity (Distribution & Transmission)4 $76 Natural Gas (Distribution & Transmission)4 $23 $18M LUMA Energy (International Electricity Operations)4 $13 3 2 $117M Electricity Generation4 $8 Storage & Industri
Slide 4: Capital Investment (3-year Plan)
ATCO Energy Systems Capital Investment1 (3-year Plan) 2.0$4.3B to $4.7B 3.5% to $4.3% $2.0B 1.8 3 Year Capital Investment1 Plan 3 Year Mid-Year Rate Base CAGR2 $1.7B $1.5B 1.6 $1.4B 1.4 $1.2B $0.3B $0.8B 1.2 $1.1B $0.2B 1.0 $0.2B $0.3B $0.4B 0.8 $0.3B $0.4B 0.6 $0.2B $0.3B $0.3B 0.4 $0.2B 0.2 $0.4B
Slide 5: Supportive Regulatory Jurisdictions with Prospective Rates
Regulated Utilities (ATCO Energy Systems + ATCO Australia) 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 ca
Slide 6: 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 7: 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 8: 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 local demand and international export pillars • Commercial/resi
Slide 9: ATCO's Heartland Hydrogen Project
ATCO EnPower ATCO’s Heartland Hydrogen Project Heartland ATCO EnPower is developing a world class hydrogen Proximity to Market Hydrogen production facility in the Alberta Industrial Heartland. Production Site The project will be fully integrated with hydrogen storage, transportation, and carbon capt
Slide 10: 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 11: 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. Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "plan",
Slide 12: Legal Notice
Legal Notice Forward-Looking Information Advisory (Continued) This presentation may contain information that constitutes future-oriented financial information or financial outlook information, all of which are subject to the same assumptions, risk factors, limitations and qualifications set forth ab
Slide 13: Investor Relations contact
www.canadianutilities.com Tel: 403.292.7500 Investor Relations InvestorRelations@atco.com 5302 Forand Street SW Calgary, Alberta T3E 8B4 Canada 12