SaskEnergy Third Quarter Report - December 31, 2023

Financial and Operating Highlights

CONSOLIDATED FINANCIAL INFORMATION ($ millions)

Three months ended December 31,

Nine months ended December 31,

2023

2023

2022

2022

90 60

190 177

Delivery

102

202 177

Transportation and storage

59 22

8 4 7

28 10 18

Commodity margin

31 29 18

Asset optimization margin Customer capital contributions Total revenue and margins

8 8

169

423

199

457

28 53 35

82

Employee benefits

27 52 32

78

148 105

Operating and maintenance Depreciation and amortization

141

94 14

4

15

Saskatchewan taxes

3 4

(3)

(2)

(Recovery) impairment loss on trade and other receivables

5

21

59

Net finance expense Other losses (gains)

19

54

3

-

2

(1)

Total expenses

141

409

137

385

28

14

Income before unrealized market value adjustments

62

72

(24)

(38) (24)

Market value adjustments

(53)

(38)

CONSOLIDATED NET (LOSS) INCOME Cash provided by operating activities Cash used in investing activities

4

9

34

67

209

66

162

(85)

(196)

(62)

(161)

14

(19)

Cash (used in) provided by financing activities

(1)

10 38

5

15

Dividends declared

19

3,616 1,867 60.5%

Total assets Total net debt

3,602 1,851 59.9%

Debt ratio

OPERATING STATISTICS Distribution energy (petajoules) Residential/Farm

11 10 49 70

18 17

16 12 48 76

23 20

Commercial

139 174

Industrial

130 173

Total

15% warmer

16% warmer

Weather (compared to last 30 years) Transmission energy (petajoules) Domestic

12% colder

7% colder

104

271

109

266

2

11

Export

10

49

Total

106

282

119

315

Cash used in Investing Activities $ millions

Income before MVA $ millions

Cash from Operations $ millions

72

209

250

80

250

196

192

161

162

130

125

40

125

14

15

0

0

0

2023

2022

2021

2023

2022

2021

2023

2022

2021

3

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