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Investor Presentaiton

TransAlta at a Glance $9.5 billion ENTERPRISE VALUE Strong balance sheet and capital discipline 110 Years GENERATION EXPERIENCE The foundation of our focused strategy ~8,000 MW DIVERSIFIED PORTFOLIO 74 generating facilities in Canada, the United States and Australia 3 $455 $555 million - 2022 EXPECTED FREE CASH FLOW Continued strong performance $3.8 billion MARKET CAPITALIZATION Listed on the TSX and NYSE 1,300 EMPLOYEES Central to value creation 29 million tonnes ANNUAL EMISSIONS REDUCTIONS SINCE 2005 8% of Canada's emissions reduction target TransAlta

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