SaskEnergy First Quarter Report June 30, 2024

Financial and Operating Highlights

Three months ended June 30,

2024

CONSOLIDATED FINANCIAL INFORMATION ($ millions)

2023

61 62

Delivery

57 59 15

Transportation and storage Realized commodity margin

6 1 3

Realized asset optimization margin Customer capital contributions Total revenue and margins

1 4

133

136

32 49 34

Employee benefits

28 48 35

Operating and maintenance Depreciation and amortization

5

Saskatchewan taxes Net finance expense

5

19

19

-

Other net losses Total expenses

1

139

136

(6) (4)

Net loss before unrealized market value adjustments

-

Market value adjustments CONSOLIDATED NET LOSS

(17) (17)

(10)

79 36 61

86 32 35

Cash provided by operating activities Cash used in investing activities Cash used in financing activities

4

Dividends declared

4

3,571 1,822 59.4%

Total assets Total net debt

3,513 1,781 59.0%

Debt/Equity ratio

OPERATING STATISTICS Distribution energy (petajoules) Residential/Farm

5 5

5 5

Commercial

45 55

45 55

Industrial

Total

4% warmer 13% warmer

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

82

85

-

Export

4

Total

82

89

Cash used in Investing Activities $ millions

(Loss) Income before MVA $ millions

Cash from Operations $ millions

50

10

100

86

79

73

36

32

3

28

0

25

0

50

(6)

0

(10)

0

2024

2023

2022

2024

2023

2022

2024

2023

2022

3

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