Canadian Utilities (CU) Investor Presentation summary

Executive leadership and governance

• Executive committee includes CEO, CFO, and leaders for each business segment, ensuring oversight across operations, transformation, and regional markets.

Financial performance and stability

• Achieved $596M in adjusted earnings in 2023, demonstrating resilience through economic cycles.

• 52 consecutive years of annual dividend increases, with $1.79 per share declared in 2023.

• Q1 2024 adjusted earnings reached $225M, with strong contributions from energy systems.

• Maintains a well-distributed debt maturity profile and strong credit ratings, with $207M cash and $2.1B available credit.

Business operations and structure

• Operates through ATCO Energy Systems, ATCO EnPower, and ATCO Australia, with $23B in assets and $3.8B in revenues for 2023.

• Manages 66,000km of pipelines, 105,000km of electric powerlines, and 742MW of power generation.

• Organizational structure includes 100% ownership of core utility and energy businesses, with joint ventures in LUMA Energy and Naka Power.