TC Energy(TRP) - 2021 Q1 - Earnings Call Presentation

Financial Performance - Comparable earnings per common share decreased from $1.18 in Q1 2020 to $1.16 in Q1 2021[8] - Comparable EBITDA decreased from $2,535 million in Q1 2020 to $2,492 million in Q1 2021[8] - Comparable funds generated from operations decreased from $2,094 million in Q1 2020 to $2,023 million in Q1 2021[8] - Net loss attributable to common shares was $1,057 million in Q1 2021, compared to net income of $1,148 million in Q1 2020[21] Keystone XL Pipeline - A $2.2 billion after-tax asset impairment charge was recognized in the first quarter 2021 results due to the Keystone XL project suspension[11] - The net financial exposure related to Keystone XL was approximately $1.0 billion as of March 31, 2021, inclusive of Government of Alberta investment and guarantees[11] Capital Program and Growth - The company is advancing a $20 billion secured capital program through 2024, focused on critical energy infrastructure[12] - $4.1 billion of projects are expected to be completed in 2021[12] - The company anticipates a 5-7% expected future dividend growth per annum[18] Financial Strategy - The company issued $500 million of Junior Subordinated Notes at a coupon of 4.20 per cent[28] - The finance plan supports funding the $20 billion secured capital program without the need for common equity[28]