TransAlta Corporation (NYSE:TAC) Q2 2021 Earnings Conference Call August 10, 2021 11:00 AM ET Company Participants Chiara Valentini – Managing Director-Strategic Finance and Investor Relations John Kousinioris – President, Chief Executive Officer and Corporate Director Todd Stack – Chief Financial Officer, Executive Vice President-Finance and President-TransAlta Renewables Kerry Wilks – Executive Vice President-Legal, Commercial and External Affairs Conference Call Participants Mark Jarvi – CIBC Capital Mar ...

Trans/Alta" 1 Q1 2021 Results May 13, 2021 TransAlta Corporation Forward-Looking Statements This presentation includes forward-looking statements or information (collectively referred to herein as "forward-looking statements") within the meaning of applicable securities legislation. All forward-looking statements are based on our beliefs as well as assumptions based on available information and on management's experience and perception of historical trends, current conditions, and expected future developmen ...

Financial Data and Key Metrics Changes - The company reported a 41% increase in comparable EBITDA, reaching CAD 310 million, and a 23% increase in free cash flow per share, amounting to CAD 0.48, compared to Q1 2020 [10][26][27] - Cash flow from the hydro fleet increased significantly from CAD 23 million to CAD 72 million due to the elimination of PPA obligation payments [28] - Free cash flow for the quarter was CAD 129 million, approximately 20% higher than the previous year [27] Business Line Data and Key Metrics Changes - The Alberta Hydro segment benefited from strong pricing, achieving an average realized price of CAD 122 per megawatt hour, a 28% premium over the average spot price [41] - The Energy Marketing segment delivered CAD 45 million in cash flow, capitalizing on favorable trading conditions [31] - The Wind and Solar segment's cash flow was down modestly due to line loss provisions, but higher realized pricing and the addition of the Skookumchuck facility partially offset this [29] Market Data and Key Metrics Changes - The average pool price for Q1 settled at CAD 95 per megawatt hour, influenced by extreme cold weather in February [40] - Power prices in Alberta are expected to settle at the higher end of the guidance range, around CAD 65 to CAD 70 per megawatt hour for the remainder of the year [42] Company Strategy and Development Direction - The company aims to be the supplier of choice for customers focused on sustainable growth and decarbonization, with a focus on advancing its three core operating pillars: TransAlta Renewables, Alberta Hydro, and Thermal Generation [19][20] - The company is actively pursuing growth opportunities, including the Garden Plain wind project and additional wind projects in its U.S. portfolio [23][24] - The company is committed to maintaining liquidity in excess of CAD 2 billion to support its growth initiatives and coal-to-gas conversion projects [17] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the Alberta power market, expecting pricing to remain stable and supportive of the company's financial performance [65] - The company anticipates strong cash flow performance for the remainder of the year, with EBITDA and free cash flow expected to be at the upper end of guidance [44] - Management highlighted the importance of flexibility in operations, particularly in light of increasing renewable energy in the market [68] Other Important Information - The company announced it would not proceed with the Kaybob cogeneration facility and has initiated arbitration against Energy Transfer Canada for wrongful termination of the agreement [18] - The company is exploring carbon capture and storage solutions for future adoption [16][100] Q&A Session Summary Question: Discussion on the Garden Plain wind project and contracting plans - Management is actively marketing the remaining 30 megawatts of the Garden Plain project and is optimistic about contracting opportunities [58] - The estimated CAD 17 million EBITDA is based on the current contract and various scenarios, including potential contracting of the remaining capacity [60] Question: Alberta power market pricing outlook - Management expects current pricing levels to continue, with a forecast of CAD 65 to CAD 70 per megawatt hour for the balance of the year [65] Question: Updates on Sundance Unit 5 and cost changes - The increase in costs is due to more precise estimates and the need for greater operational flexibility, which is seen as beneficial for the project [66][68] Question: Hydro segment performance and ancillary revenue - The hydro segment's performance was in line with expectations, and ancillary revenue was competitive despite some market challenges [73][75] Question: Future growth opportunities in Australia - The company is assessing renewable opportunities in Australia, focusing on solar and wind projects [88] Question: CCS and hydrogen integration into Sundance 5 - Management is considering CCS strategies for Sundance 5 but acknowledges the high costs associated with such technologies [99][100]

TransAlta Q4 and Annual 2020 Results March 3, 2021 TransAlta Corporation Forward Looking Statements This presentation includes forward-looking statements or information (collectively referred to herein as "forward-looking statements") within the meaning of applicable securities legislation. All forward-looking statements are based on our beliefs as well as assumptions based on available information and on management's experience and perception of historical trends, current conditions, and expected future de ...

TransAlta Corporation (NYSE:TAC) Q4 2020 Earnings Conference Call March 3, 2021 11:00 AM ET Company Participants Chiara Valentini - MD, Strategic Finance and IR Dawn Farrell - President and CEO Todd Stack - EVP of Finance and CFO John Kousinioris - COO Kerry O'Reilly Wilks - EVP, Legal, Commercial and External Affairs Conference Call Participants Rob Hope - Scotiabank Ben Pham - BMO Mark Jarvi - CIBC Capital Markets Patrick Kenney - National Bank John Mould - TD Securities Maurice Choy - RBC Capital Markets ...

TransAlta Corporation (NYSE:TAC) Q3 2020 Earnings Conference Call November 4, 2020 10:00 AM ET Company Participants Chiara Valentini - Managing Director, Strategic Finance and IR Dawn Farrell - President and CEO Todd Stack - CFO John Kousinioris - COO Brett Gellner - Chief Development Officer Kerry OÂ'Reilly Wilks - Chief Legal, Regulatory and External Affairs Officer Conference Call Participants Maurice Choy - RBC Capital Markets Rob Hope - Scotiabank Mark Jarvi - CIBC Capital Markets Ben Pham - BMO Andrew ...

Third Quarter 2020 Results November 4, 2020 TransAlta Corporation TransAlta Powering Economies and Communities 1 Forward Looking Statements This presentation includes forward-looking statements or information (collectively referred to herein as "forward-looking statements") within the meaning of applicable securities legislation. All forward-looking statements are based on our beliefs as well as assumptions based on available information and on management's experience and perception of historical trends, cu ...

TransAlta Corporation (NYSE:TAC) Q2 2020 Earnings Conference Call July 31, 2020 11:00 AM ET Company Participants Chiara Valentini - Managing Director, Strategic Finance and Investor Relations Dawn Farrell - President and Chief Executive Officer Todd Stack - Chief Financial Officer John Kousinioris - Chief Operating Officer Kerry OÂ'Reilly Wilks - Chief Legal, Regulatory and External Affairs Officer Conference Call Participants Rob Hope - Scotiabank Patrick Kenny - National Bank Financial. Ben Pham - BMO Mau ...

Financial Performance - Free cash flow was $91 million, or $0.33 per share, a 94% increase compared to the prior year quarter[5, 12, 13] - The company maintains a strong financial position with $1.6 billion in liquidity, including approximately $250 million in cash[5, 21] - Approximately 90% to 95% of 2020 EBITDA is expected to be generated through long-term contracts, hedges, and actual results[27] Strategic Initiatives - The company is on track to complete the Sun 6 coal-to-gas conversion in 2020, and K2 and K3 in 2021[6] - The company has secured long-term gas delivery access to the NGTL gas network and is advancing the Sundance 5 repowering project[6] - The company is progressing with construction on renewables and cogeneration projects[6] Growth Projects - Capital investment for Skookumchuck Wind is expected to be between $150 million and $160 million, with commercial operation date (COD) in H2 2020[9] - Capital investment for Windrise Wind is expected to be between $270 million and $285 million, with COD in H2 2021[9] - Capital investment for WindCharger Battery is expected to be between $7 million and $8 million, with COD expected in August 2020[9] Market Conditions - Alberta's hedged price is $53/MWh, with a balance of year forward price of $51/MWh[25]

TransAlta Corporation (NYSE:TAC) Q1 2020 Results Earnings Conference Call May 12, 2020 11:00 AM ET Company Participants Chiara Valentini - Managing Director, Strategic Finance, Investor Relations Dawn Farrell - President, Chief Executive Officer, Corporate Director Todd Stack - Chief Financial Officer Conference Call Participants Maurice Choy - RBC Capital Markets Rob Hope - Scotiabank Patrick Kenny - National Bank Financial Ben Pham - BMO Ollie Primak - CIBC Andrew Kuske - Credit Suisse Charles Fishman - M ...