SaskEnergy Fourth Quarter Report - December 31, 2015

FINANCIAL AND OPERATING HIGHLIGHTS

Three months ended December 31

Twelve months ended December 31

2015

2014

2015

2014

FINANCIAL HIGHLIGHTS ($ millions)

248 197 -

809 724

Total revenue

305 377

1,108 1,141

Total expenses

51

85

Consolidated net income (loss)

(72) (99)

(33) (80)

(6)

(3)

Market value adjustments

Income before unrealized market value adjustments

57

88

27

47

14 57 86

44

Dividends

3

17

260 214

Cash provided by operating activities

52

248 299

Capital expenditures

110

2,464 1,195 61.9%

Total assets

2,380 1,159 63.0%

Total net debt

Debt ratio

OPERATING HIGHLIGHTS

Distribution Volumes distributed (petajoules) Weather (compared to last 30 years)

55

186

56

184

13% warmer

6% warmer

2% warmer

9% colder

Transmission Volumes transported (petajoules)

83

300 1.34

83

282

Peak day natural gas flows (petajoules)

1.42

January 4

Date of peak flow

February 6

4

2015/2016 FOURTH QUARTER REPORT

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