AltaGas Ltd T.ALA

ALA Growth since 2018

[bossu]

Closing WGL acquisition July 3 2018

Numbers since 2018
..................................2018 ...........2019......2020......2021
Top line revenue   $ 4 257 M  $ 5 495 M  $ 5 587  6 400 M (note)
EBITDA...............$ 1 009 M  $ 1 271M$ $ 1 310    1 500 M (Guidance)
..................................23 %........23.%..........23..% .........23
.........
With the Petrogas acquisition that is bugeted to add   $ 225 M to the EBITDA numbers but the top line revenu from Petrogas acquisition is not published !
This look to me that the top line revenu at the end of 2021 will be a 14 % growth in revenue from 2020 This is all accredutuve to Randy and his team!
So grow in the top line and at the end bottom line as per Randy :
«

• The company has a 2021 normalized EPS (earnings per share) guidance of $1.45 to $1.55 per share, which represents approximately 20 per cent year-over-year growth using midpoint guidance numbers. AltaGas is acutely focused on growing earnings per share and creating earnings durability in the years ahead.

[bossu]

To give you some more explanation on the Projected revenue ( top line) for Petrogas  You have noted that the contribution on the top line revenue for ALA has been 33 % in 2018 2019 2020  Applying the same 33 % for 2021 would need $ 6 400 M on the top line revenue to keep the contribution to 33 % . So to establish Petrogas top line revenue for 2021  is of course  $ 6 400 M less

[bossu]

Sorry guys you shoud read a contribution of 23 % not 33 % from 2018  to 2020 the rest is correct.Miss print. To give you some more explanation on the Projected revenue ( top line) for Petrogas  You have noted that the contribution on the top line revenue for ALA has been 33 % in 2018 2019 2020  Applying the same 23 % for 2021 would need $ 6 400 M on the top line revenue to keep