2015-16 SaskEnergy Annual Report

FINANCIAL AND OPERATING HIGHLIGHTS

CONSOLIDATED FINANCIAL INFORMATION

2015-16 1

2015 2

2014 2

2013

2012

2011

($ millions) Delivery

215 119

232

217

194

187

289 151

Transportation and storage Commodity margin Gas marketing margin Customer contributions

98

92 18 32 24 12

85

77 10 41 43 12

40 19 37 12

9

(2)

47 24 61 14

14 33 16

47 29 12

Other revenue

Total revenue (net of cost of gas)

586 115 152 110

442

402

395

365

370

Employee benefits

91

92

89 97 77 11 40

85 85 73 10 39

82 83 68 10 35

Operating and maintenance Depreciation and amortization

118

126

87 12 46

83 11 44

Saskatchewan taxes Net finance expense Other losses (gains)

15 56

(1)

2

8

3

Total expenses

451 135

354

355

316

292

286

Income before unrealized market value adjustments

88

47

79

73 34

84

Market value adjustments

(3)

(80) (33)

(58)

(24)

CONSOLIDATED NET INCOME (LOSS)

111

85 44

79 30

107

26 39

Dividends declared

17

27

65

Total assets

2,464

2,380

2,207

2,037

1,924

2,450

Cash provided by operating activities Cash used in investing activities

260

248

244

172

195

347

(215)

(283)

(221)

(181)

(150)

(241) (100)

Cash (used in) provided by financing activities

(47)

40

(25)

(10)

(25)

Capital expenditures

214

299

224

187

172 935

244

Total net debt

1,195 62/38

1,159 63/37

1,064 59/41

1,009 59/41

1,156 61/39 18.8%

Debt/Equity ratio

60/40

Rate of return on equity

12.3% 6.5% 11.0% 11.0% 13.6%

OPERATING STATISTICS Distribution volumes (petajoules) Residential/Farm

34 29

39 34

37 33

34 29 90

34 29 82

47 41

Commercial

Industrial

123 186

111 184

108 178

159 247

153

145

TOTAL

Transmission volumes (petajoules) Domestic

277

275

265

237

226

366

Export

23

7

3

4

5

28

300

282

268

241

231

TOTAL

394

Number of customers Distribution

385,858 380,768 373,436 365,749 358,363

386,886

Transmission

133

153

153

148

137

133

1  On November 30, 2015, the Government of Saskatchewan announced a change in the year end for CIC and its subsidiaries from December 31 to March 31, commencing with the 2015-16 fiscal year. Accordingly, for the 2015-16 fiscal year the Corporation reported a 15-month fiscal period ended March 31, 2016, shown here compared to 12-month fiscal periods ended December 31. 2 Certain comparative amounts have been reclassified to conform with the current fiscal year’s presentation.

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2015-16 ANNUAL REPORT SASKENERGY

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