AltaGas Ltd.

AltaGas Ltd.

AltaGas Ltd.

Overview
Date Founded

1993

Headquarters

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

Type of Company

Public

Employees (Worldwide)

1,632

Industries

Oil & Gas
Power & Utilities

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

President & Chief Executive Officer

Chief Financial Officer & Executive Vice President

Vice President & General Counsel

Chief Administrative Officer & Executive Vice President

President & Chief Operating Officer, Altagas Services (US) Inc

Executive Vice President

Executive Vice President, Commercial & Business Development

Senior Vice President, Organizational Development

Director

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Board of Directors

Counsel at Borden Ladner Gervais LLP

Director at AltaGas Ltd.

Former Chief Financial Officer at Pengrowth Corp.

Former President & Chief Executive Officer at Alliance Pipeline LP

Former Chief Financial Officer & Executive Vice President-Risk Management at Calgary Health Region

President at Knoll Energy, Inc.

President & Chief Executive Officer at AltaGas Ltd.

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Owners & Shareholders
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QV Investors (QVI) manages several pooled investment funds with varying objectives in order to meet clients' varying needs. The QV Funds are the models for the firm's bond, balanced and equity strategies.The Canadian Income Fund seeks to provide investors steady income, earned in Canadian dollars, with low risk to principal. The Fund invests in Canadian high or investment grade bonds and debentures, and to a lesser extent in corporate preferred and common shares. The bonds mature within 5 years. The benchmark is the FTSE TMX Short Term Bond Index.The Canadian Bond Fund seeks to provide investors with interest income and moderate capital appreciation over the long-term. The fund invests in investment grade Canadian fixed income securities, and does not hold preferred shares or equities. It may also invest in longer-term bonds and hold a larger exposure to corporate bonds and non-rated bonds. The benchmark is the FTSE TMX Canada Universe Bond Index.The Canadian Balanced Fund seeks to equal or exceed the average annual return on equity of Canadian companies. Canadian companies. The asset mix methodology is to weight by yield the asset class having the greatest surety. Equities are selected to reduce valuation, growth, credit, liquidity, and industry risks. Bonds are selected for their high quality and ability to offset the volatility found in equities.The QV Canadian Equity Fund invests in larger companies, typically with market-cap over $1 billion and listed on the TSX. The Fund seeks to exceed the average annual return on equity of Canadian companies, and to exceed the return on the S&P/TSX Composite Index and do so with lower volatility. QVI constructs the Fund to exhibit measurably better value, growth, dividend, and credit characteristics than the benchmark while maintaining broad industry diversification.The Canadian Small Cap Equity Fund invests in Canadian small and mid-cap companies, with market-cap above $100 million and up to two times the upper end of the BMO Small Cap Index. The Fund seeks to exceed the average annual return on equity of Canadian companies, to exceed the return on the BMO Small Cap Index, and do so with lower volatility. The Global Equity Fund invests in companies listed outside of Canada on the world's senior markets. It seeks to outperform the MSCI World Index with lower volatility. The Fund focuses on companies with market-cap, greater than $5 billion. The portfolio offers broad equity, industry and regional diversification.

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Sentry Investments seeks to preserve capital, maximize return, minimize risk and manage investment capital to generate a steady stream of income. Sentry Investments' approach is a combination of both a quantitative and a forward-looking intrinsic value approach. Their analysts use a proprietary model to review companies in each target sector and apply specific investment criteria to evaluate each company's historical performance. Sentry Investments then weighs these criteria to select the stocks with proven records of success and the best prospects for capital appreciation, looking forward. The firm's products include TSX-listed closed end funds, closed-end trusts, flow through limited partnerships, mutual funds and principal-protected notes covering a variety of domestic and global strategies.

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Guardian Capital offers balanced fund mandates, specialty Canadian equity, fixed-income expertise, and investment management for US, international and global mandates. The firm mainly uses exchange-listed securities, securities traded over-the-counter, foreign securities, warrants, corporate debt securities, commercial paper, municipal securities, mutual funds and US government securities, options contracts on securities, futures contracts on intangibles, interests in partnerships investing in real estate and oil & gas interests to accomplish client objectives. Research is conducted by all members of the Canadian Equity Team. They look for catalysts that will positively influence the fortunes of a company which have not yet been fully recognized by the marketplace. To allow for open discussion and exchange among all tem members, Guardian Capital does not allocate their research efforts on a sector or industry basis.

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Recent Transactions
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AltaGas Ltd. issued Subscription Receipts

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AltaGas Ltd. purchases WGL Holdings, Inc.

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AltaGas Ltd. issued Common Stock

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Clients

Edison International is a renewable energy company. The company through its subsidiaries, generates and distributes electric power, and invests in energy services and technologies, including renewable energy. Edison International was founded on April 20, 1987 and is headquartered in Rosemead, CA..

Birchcliff Energy Ltd. engages in the exploration, development and production of oil and natural gas. It produces and sells light crude oil, natural gas and natural gas liquids. 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.

Black Hills Corp. is a diversified energy company. It operates through two business groups: Utilities and Non-Regulated Energy. The Utilities group is comprised of the company's Regulated Electric Utilities and Regulated Gas Utilities segments. The Non-Regulated Energy group is comprised of The Power Generation segment produces electric power from the company's generating plants and sells the electric capacity and energy primarily under long-term contracts, Oil & Gas, and Coal Mining. The Regulated Electric Utilities segment generates, transmits and distributes electricity to customers in South Dakota, Wyoming, Colorado and Montana and includes the operations of Cheyenne Light, a combination electric and gas utility. The Regulated Gas Utilities segment serves natural gas utility customers in Colorado, Nebraska, Iowa and Kansas. The Power Generation segment produces electric power from the company's generating plants and sells the electric capacity and energy primarily under long-term contracts. The Oil and Gas segment engages in the exploration, development and production of crude oil and natural gas, primarily in the Rocky Mountain region. The Coal Mining segment produces coal at the company's coal mine near Gillette, Wyoming. The company was founded in 1883 and is headquartered in Rapid City, SD.

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Key Stats and Financials As of 2016
Market Capitalization
$4.55B
Total Enterprise Value
$10.2B
Earnings Per Share
$0.99
Revenue
$2.2B
Net Profit
$204M
EBITDA
$670M
EBITDAMargin
30.43%
Total Debt
$3.88B
Total Equity
$4.62B
Enterprise Value Sales
4.63x
Enterprise Value EBITDAOperating
15.2x
TEVNet Income
50.04x
Debt TEV
0.38x
Three Year Compounded Annual Growth Rate Of Revenue
2.36%
Five Year Compounded Annual Growth Rate Of Revenue
6.84%
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Suppliers
Macro Enterprises, Inc. Oil & Gas | Vancouver, BC

Macro Enterprises, Inc. engages in the construction and maintenance of pipeline and facilities for the oil, and gas industry. The company was founded on January 30, 2006 and is headquartered in Fort St. John, Canada.

Siemens AG Electrical Products | Cedar Rapids, Iowa

Siemens is a global powerhouse focusing on the areas of electrification, automation and digitalization. One of the world’s largest producers of energy-efficient, resource-saving technologies, Siemens is a leading supplier of systems for power generation and transmission as well as medical diagnosis. In infrastructure and industry solutions the company plays a pioneering role. As of September 30, 2015, we had around 348,000 employees in more than 200 countries. In fiscal 2015, they generated revenues of €75.6 billion.

Vectren Corporation Power & Utilities | Evansville, IN

Vectren Corporation is an energy holding company headquartered in Evansville, Indiana. Vectren's energy delivery subsidiaries provide gas and/or electricity to more than one million customers in adjoining service territories that cover nearly two-thirds of Indiana and west central Ohio. Vectren's nonutility subsidiaries and affiliates currently offer energy-related products and services to customers throughout the U.S. These include infrastructure services, energy services, coal mining and energy marketing.

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Competitors
Canadian Utilities Ltd. Power & Utilities - Edmonton, AB

Canadian Utilities Ltd. engages in the provision of business solutions to companies in the utilities, energy, structures and logistics, and technologies sector. It operates through the following business units: Electricity, Pipelines & Liquids, Structures & Logistics and Retail Energy. The Electricity Global business unit provides regulated electricity distribution, transmission and distributed generation and supply of electricity and cogeneration steam. The Pipelines and Liquids business unit offers regulated natural gas distribution and transmission non-regulated natural gas transmission; and industrial water services, non-regulated natural gas storage, processing and transmission, natural gas liquids extraction, and hydrocarbon storage. The Structures and Logistics units consists of relocatable structures, permanent structures and site services. The Retail Energy unit consists of retail electricity and natural gas. The company was founded on May 18, 1927 and is headquartered in Calgary, Canada.

Brookfield Renewable Partners LP Power & Utilities - Hamilton, HA

Brookfield Renewable Partners LP owns, operates and develops renewable power generation facilities across North and South America. It operates through following segments: Hydroelectric, Wind and Other. The Hydroelectric segment provides facilities in the United States, Canada and Brazil. The Wind segment provides facilities in the United States, Canada and Europe. The Other segment includes biomass and co-gen. The company was founded on June 27, 2011 and is headquartered in Hamilton, Bermuda.

Keyera Corp. Oil & Gas - Calgary, AB

Keyera is one of the largest independent natural gas and natural gas liquids midstream businesses in western Canada. Our operating businesses provide a range of gathering, processing, fractionation, storage, transportation and marketing services to the oil and gas industry. As a “midstream” business, Keyera is not engaged in exploration and production; rather we focus on providing essential services to producers and delivering natural gas liquids and other related products to key markets across North America. We provide these services through our two integrated business lines: Gathering and Processing, and the Liquids Business Unit. The Liquids Business Unit consists of the NGL Infrastructure and Marketing segments. Since 1998, Keyera has developed a strong reputation for our expertise in operating complex energy processing facilities safely and responsibly, in a manner that demonstrates respect for our employees and the communities we call home. We are committed to continuing our record of conducting our business ethically, safely and in an environmentally and financially responsible manner. Under the guidance of our dedicated management team, together with our experienced and innovative employees, we have proven our ability to deliver financial and operational results. We are very proud of our track record and plan to continue to pursue our goal of delivering steady value growth based on sustainable, competitive energy facilities.