SaskEnergy First Quarter Report - June 30, 2016

FINANCIAL AND OPERATING HIGHLIGHTS

Three months ended June 30, 2016

2016

2015

FINANCIAL HIGHLIGHTS ($ millions)

Total revenue

118

145

-

Total expenses

64

146

Consolidated net income (loss)

54

(1)

Market value adjustments

57

4

Income before unrealized market value adjustments

(3)

(5)

Dividends

-

10

Cash provided by operating activities

54

80

Capital expenditures

29

41

Total assets

2,451

2,331

Total net debt

1,163

1,102

Debt ratio

59.4%

60.2%

OPERATING HIGHLIGHTS

Distribution Volumes distributed (petajoules) Residential/Farm

4 4

4 4

Commercial

Industrial

30 38

28 36

Total

Percentage warmer (colder) than normal (compared to last 30 years)

17% warmer

5% warmer

Transmission Volumes transported (petajoules) Domestic

64

58

Export

1

4

Total

65

62

4

2016-17 FIRST QUARTER REPORT

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