AltaGas Ltd.

AltaGas Ltd.

AltaGas Ltd.

Overview
Date Founded

1994

Headquarters

355-4th Avenue SW,Suite 1700,Calgary, AB T2P 0J1

Type of Company

Public

Employees (Worldwide)

2,801

Industries

Power & Utilities
Oil & Gas

Company Description

AltaGas is a geographically diverse energy infrastructure company comprised of three distinct business units: Gas, Power and Utilities. The Gas business gathers, processes, transports, stores and markets natural gas and natural gas liquids, touching more than 2 Bcf/d of natural gas in Canada. AltaGas’ existing power portfolio comprises 407 MW of conventional and 148 MW of renewable power such as wind, run-of-river hydro, biomass, and waste heat recovery. We have natural gas distribution utilities in Alberta, British Columbia, Nova Scotia, and the Northwest Territories, and serve more than 115,000 customers. With the $1.135 billion SEMCO acquisition, AltaGas’ utilities will serve an additional 418,000 customers in Michigan and Alaska. AltaGas also has a pipeline of exciting projects across all businesses, with a plan to spend $2 billion in organic growth by 2015. These new assets are expected to increase EBITDA by 160 percent.

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Executives & Employees

Director, President & Chief Executive Officer

Executive Vice President & Chief Financial Officer

Executive Vice President & Chief Legal Officer

Chief Administrative Officer & Executive Vice President

President-Utility Division

Executive Vice President & President, Midstream

Executive Vice President

Executive Vice President, Commercial Strategy & Business Development

Executive Vice President & President Utilities, President of Washington Gas Light Company

Executive Vice President & Chief Administrative Officer, Washington Gas

Board of Directors

Director at Connaught Oil & Gas Ltd.

Founder at AltaGas Ltd.

Former Senior Vice President, Chief Financial & Accounting Officer at American Water Works Co., Inc.

President & Chief Executive Officer at Tampa Electric Co.

Former Chief Financial Officer at Pengrowth Corp.

Former President & Chief Executive Officer at Alliance Pipeline LP

Former Chief Operating Officer & Director at Transalta Renewables, Inc.

Former Chief Executive Officer at Washington Gas Light Company, Inc.

President at Knoll Energy, Inc.

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Owners & Shareholders
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QV focuses on long-term ownership of sustainable businesses that are able to compound growth over the long-term while minimizing the risk of loss. The firm applies a disciplined, consistent approach across all investment strategies. Reasonable value and portfolio enhancement form the basis of their equity selection. They identify and purchase companies with attractive valuations, proven track records and sustainable business models. QV select bonds from quality issuers that demonstrate an ability and willingness to uphold good credit standing. Diversification by issuer, sector and term help minimize risk and achieve stability, liquidity and a positive total return over a long-investment horizon. All investment decisions are supported by their own independent research and analysis.

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EIP invests client accounts primarily in the equity securities of issuers in the Energy Industry. Energy infrastructure companies that pay out all or most of their available free cash flow are a core component of EIP’s investment strategy. With respect to some of the Funds, the firm may utilize leverage to achieve the funds’ intended results. They may also enter into swap agreements, repurchase agreements, options either over the counter or exchange traded, short positions on debt and equity securities, flex options, futures or other derivatives transactions which, though they may not strictly constitute leverage or borrowing, may nonetheless increase a Fund’s liabilities. In addition to equities, EIP may utilize debt instruments in its investment strategies, either as stand-alone investments or for the purpose of collateralizing open derivatives positions.

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Picton Mahoney’s investment approach is based on computer-driven quantitative analysis. They offer an array of innovative products, including Canadian and global funds, as well as multi-style Canadian and global style management funds. Their systematic approach to security selection and portfolio construction underlies all their investment solutions, regardless of investment type or geographic mandate. For every strategy, they employ the use of leading technology, fundamental research, credit analysis and sophisticated risk controls to maximize risk-adjusted return potential for their clients. Some of Picton Mahoney's general investment strategies include: long investing, short selling, pairs trading, private placements and IPOs, long/short investing, derivatives, and leverage. The allocation for a typical balanced portfolio in Canada is 60% equities and 40% fixed income and cash, but has over 93% exposure to equity risk.

Recent Transactions
Details Hidden

Ormat Technologies, Inc. purchases Altagas Ltd. /Pomona 20mw Battery Storage Facility from AltaGas Ltd.

Details Hidden

Idemitsu Kosan Co., Ltd., AltaGas Ltd., Altagas Idemitsu Joint Venture LP purchase Petrogas Energy Corp.

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Atlantic Power Corp. purchases Grayling Generating Station LP from AltaGas Ltd.

Transaction Advisors
Underwriter

Advised onAltaGas Ltd. issued CAD Subscription Receipt - Bought Deal

Underwriter

Advised onAltaGas Ltd. issued CAD Subscription Receipt - Bought Deal

Auditor

Advised onAltaGas Ltd. issued CAD Subscription Receipt - Bought Deal

Manager

Advised onAltaGas Ltd. issued CAD Common Stock

Manager

Advised onAltaGas Ltd. issued CAD Common Stock

Managing Director, Investment Banking

Advised onAltaGas Ltd. issued CAD Subscription Receipts

Clients

Edison International is a renewable energy company, which through its subsidiaries, generates and distributes electric power, and invests in energy services and technologies. The company was founded on July 4, 1886 and is headquartered in Rosemead, CA.

PG&E Corp. is a holding company, which engages in generation, transmission, and distribution of electricity and natural gas to customers. It specializes in energy, utility, power, gas, electricity, solar and sustainability. The company was founded in 1995 and is headquartered in San Francisco, CA.

Birchcliff Energy Ltd. engages in the exploration, development, production, and acquisition of petroleum and natural gas reserves. Its properties include Peace River Arch and Montney/Doig Resource Play. The company was founded by Myles R. Bosman, Gordon W. Cameron, Bruno P. Geremia, Laurence A. Shaw, Werner A. Siemens, James W. Surbey, and A. Jeffery Tonken on July 6, 2004 and is headquartered in Calgary, Canada.

Key Stats and Financials As of 2019
Market Capitalization
$4.17B
Total Enterprise Value
$10.5B
Earnings Per Share
$2.03
EBITDAMargin
10.77%
Enterprise Value / Sales
2.6x
Enterprise Value EBITDAOperating
23.85x
TEVNet Income
17.19x
Debt TEV
0.52x
Three Year Compounded Annual Growth Rate Of Revenue
35.74%
Revenue
$4.03B
Net Profit
$610M
EBITDA
$434M
Total Debt
$5.48B
Total Equity
$5.4B
Non-Profit Donations & Grants
$25K - $50K
2018
$10K - $25K
2017
$1,000 - $10K
2017
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