TransAlta (US:TAC)2023-02-23 21:54Financial Performance & Outlook - TransAlta achieved an Adjusted EBITDA of $1634 million in 2022 [31], and projects an Adjusted EBITDA of $1200 to $1320 million for 2023 [3, 20] - The company aims to deliver Free Cash Flow (FCF) between $560 to $660 million in 2023 [51] - 54% of TransAlta's generation EBITDA came from renewable sources [27] - TransAlta Renewables projects an Adjusted EBITDA of $230 to $270 million and CAFD of $495 to $535 million for 2023 [38] Development & Growth - TransAlta plans to expand its development pipeline by adding 1,500 MW of development sites [3] - The company has projects under construction totaling approximately $14 billion [18] - TransAlta is targeting 40% female employees by 2030 [3, 43] - The company is targeting $315 million EBITDA from projects under construction [48] Emissions Reduction - TransAlta aims to accelerate CO2 emissions reduction to 75% from 2015 levels by 2026 [10, 51] and achieve net-zero emissions by 2045 [10]