AltaGas : Q4 and Full Year 2021 Conference Call Final Transcript

FINAL TRANSCRIPT

AltaGas Ltd.

Fourth Quarter & Full Year 2021 Financial Results

March 4, 2022 - 9:00 a.m. M.T.

Length: 53 minutes

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CORPORATE PARTICIPANTS

Adam McKnight

AltaGas Ltd. - Director, Investor Relations

Randy Crawford

AltaGas Ltd. - President & Chief Executive Officer

James Harbilas

AltaGas Ltd. - Executive Vice President & Chief Financial Officer

Blue Jenkins

AltaGas Ltd. - Executive Vice President & President, Utilities

Randy Toone

AltaGas Ltd. - Executive Vice President & President, Midstream

CONFERENCE CALL PARTICIPANTS

Linda Ezergailis

TD Securities - Analyst

Dariusz Lozny

Bank of America Securities - Analyst

Robert Catellier

CIBC Capital Markets - Analyst

Robert Kwan

RBC Capital Markets - Analyst

Stephen McGee

J.P. Morgan

Rob Hope

Scotiabank - Analyst

Ben Pham

BMO Capital Markets - Analyst

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Andrew Kuske

Credit Suisse - Analyst

Patrick Kenny

National Bank Financial - Analyst

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PRESENTATION

Operator

Welcome to AltaGas Fourth Quarter 2021 Financial Results Conference Call. My name is Michelle and I will be your operator for today's call. All lines have been placed on mute to prevent any background noise; however, if you have any difficulties hearing this conference, please press star zero for operator assistance at any time. After the speakers' remarks, there will be a question-and-answer session. I'd like to remind everyone this conference call is being broadcast live on the Internet and recorded.

I would now like to turn the call over to Mr. Adam McKnight, Director of Investor Relations. Please go ahead, Mr. McKnight.

Adam McKnight - Director, Investor Relations, AltaGas Ltd.

Thanks, Michelle, and good morning, everyone. Thank you for joining us today for AltaGas' fourth quarter and full year 2021 financial results conference call.

Speaking on the call this morning will be Randy Crawford, President and Chief Executive Officer, and James Harbilas, Executive Vice President and Chief Financial Officer. We're also joined here this morning by Randy Toone, Executive Vice President and President of our Midstream Business; Blue Jenkins, Executive Vice President and President of our Utilities Business; and Jon Morrison, Senior Vice President, Investor Relations and Corporate Development.

We'll proceed on the basis that everyone has taken the opportunity to review the press release and our fourth quarter results and, similar to previous quarters, we've published an earnings summary

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presentation that you can find on our website. This presentation walks through the quarter and highlights some of the key variances and non-recurring items that we would assume will be helpful for the market to understand.

As always, today's prepared remarks will be followed by an analyst question-and-answer period and I'll remind everyone that we will be available after the call for any follow-up or detailed modelling questions that you might have.

As for the structure of the call, we'll start with Randy Crawford providing some comments on our financial performance and progress on our strategic priorities, followed by James Harbilas providing a more detailed walk-through of the fourth quarter financial results, near-term outlook, and 2022 guidance, and then we'll leave plenty of time at the end for Q&A.

So, just before we begin, we'll also remind everyone that we will refer to forward-looking information on today's call. This information is subject to certain risks and uncertainties as outlined in the forward-looking information disclosure on slide two of our investor presentation, which can be found on our website, and more fully within our public disclosure filings on both the SEDAR and EDGAR.

And with that, I'll now turn the call over to Randy.

Randy Crawford - President & Chief Executive Officer, AltaGas Ltd.

Thank you, Adam, and good morning, everyone.

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