Investor Presentaiton

CU CANADIAN UTILITIES LIMITED An ATCO Company RATE BASE GROWTH Regulated Capital Investment $2.3B $1.1B $1.2B $1.2B $1.2B $1.1B $1.5B $2.2B 2013 2014 2015 2016 2017 2018 2019 2020 INVESTOR PRESENTATION FEBRUARY 2019 22 22 Mid-Year Rate Base Expected to Grow ~4% per year $13.0B $12.5B $11.9B $10.3B $8.9B 2013 2014 2015 2016 2017 2018 2019 2020 ATCO

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