SaskEnergy First Quarter Report - June 30, 2022

Financial and Operating Highlights

CONSOLIDATED FINANCIAL INFORMATION ($ millions)

Three months ended June 30,

2022

2021

57 57

Delivery

54 49

Transportation and storage

2 6 5

Commodity margin

1 1 4

Asset optimization margin Customer capital contributions Total revenue and margins

127

109

27 45 31

Employee benefits

27 41 30

Operating and maintenance Depreciation and amortization

4

Saskatchewan taxes

3

-

Recovery on trade and other receivables

(2)

17

Net finance expense

15

Total expenses

124

114

3

Income (loss) before unrealized market value adjustments

(5)

(2)

15 10 64 33 30

Market value adjustments

CONSOLIDATED NET INCOME Cash provided by operating activities Cash used in investing activities Cash used in financing activities

1

73 28 36

6

4

Dividends declared

3,453 1,754 58.6%

Total assets Total net debt

3,277 1,630 58.3%

Debt ratio

OPERATING STATISTICS Distribution energy (petajoules) Residential/Farm

5 6

4 6

Commercial

43 54

Industrial

41 51

Total

8% colder

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

Normal

82 14 96

79

2

Export

Total

81

Cash from Operations $ millions

Cash used in Investing Activities $ millions

Income before MVA $ millions

90

9

60

73

64

42

56

3

33

28

30

0

45

(5)

(4)

0

(9)

0

2022 2021 2020

2022 2021 2020

2022 2021 2020

3

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