Investor Presentaiton
Governing Financial Principles
Delivering growth and security
Principles
1
Dividend Sustainability
2
Target Expected Returns
3
4
Financing Requirements
Strong Stable Investment Grade
Balance Sheet
Manageable Targeted
Targets
50-60% FFO¹ payout ratio
✓ Expect -85% of 2019 common dividends to be
underpinned by Regulated Utilities
Enhancing returns on existing assets
✓ Specified targets for growth projects
BBB credit rating
Flexible financing plan to support growth using both
growing internally generated cash flow and external
financing (as required)
5
Managed Commodity Exposure
✓ ~85% or greater of contracted EBITDA
6
Strong Counterparty
Creditworthiness Overall
> 85% of exposure with investment grade counterparties²
AltaGas
1 FFO is a non-GAAP financial measure
2 ALA standalone
See "forward-looking information"
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