Compounding Long-term Dividends at 5-7% CAGR
2024 Hedging
AltaGas
Hedging Philosophy
Wellhead
◉
☐
Increase tolling and reduce commodity exposure to further stabilize Midstream cashflows
Residual commodity exposures actively managed through hedging program
Gas Gathering
& Processing
GAS
NGLS
NGL Extraction
& Fractionation
C3 & C4
C5
Transportation,
Storage & Rail
Logistics
Export
C3 & C4
C3 & C4
00000
boo
ན་
Global
Markets
AltaGas
No major
commodity
exposures
Target minimum 80%
hedged in 2024
Target of minimum 80% hedge
prior to 2024 year end
Currently 73% hedged, through
combination of tolling and financials
Global Export Volumes Hedged
(Tolled/Financial)
Target Hedge %
85%
78% 77%
51%
78% hedged for
2024E ocean freight
via time charters,
financial hedges and
tolled volumes
Three Time Charters in
place for 2024, including
delivery of Boreal Pioneer
and Boreal Voyager
Q1/24 Q2/24
Q3/24 Q4/24
Notes: *See "Forward-looking Information"
AltaGas
Active Risk Management to Enhance Cashflow Stability
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