Investor Presentaiton

CU CANADIAN UTILITIES LIMITED An ATCO Company AUSTRALIA UTILITY ATCO Gas Australia ROE +3.34% on average above ERA approved ROE from 2015-2017 12% 11% 10% 9% 8% 7% 6% 5% 4% 3% 2015 2016 2017 Financial ROE Approved ROE INVESTOR PRESENTATION FEBRUARY 2019 16 Karratha WESTERN AUSTRALIA Geraldton Perth Albany NORTHERN TERRITORY SOUTH AUSTRALIA QUEENSLAND NEW SOUTH WALES Adelaide 2 Sydney VICTORIA Melbourne TASMANIA Kalgoorlie Brisbane ATCO Gas Australia Headquarters ATCO Gas Australia Service Area ATCO's Natural Gas Power Facilities Facility 1 Karratha 2 Osborne Generating Capacity Owned (MW) 980 86 90 ATCO

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