Notes
- All data represents management's estimate based on current information. There can be no assurance that the actual amounts may not vary significantly from the estimates provided.
- 2012 Guidance as presented reflects Veresen's expectation that the Hythe/Steeprock acquisition (the "Acquisition") will close on January 31, 2012.
- The low and high estimates applicable to each line item are not intended to be additive and therefore will not add to the low and high forecast distributable cash.
- Forecast distributable cash is based on Veresen's ownership interest in jointly held, majority controlled, and wholly-owned businesses.
Advisory:
The 2012 and 2011 guidance information contained herein relating to Veresen and its businesses constitutes forward-looking information under applicable securities laws. The following discussion is intended to identify certain factors, although not necessarily all factors, which could cause future outcomes to differ materially from those set forth in the forward-looking information. The risks and uncertainties that may affect the operations, performance, development and results of our businesses include, but are not limited to, the following factors: the ability of Veresen to complete the Hythe/Steeprock acquisition and the timing thereof; the ability of Veresen to successfully implement its strategic initiatives and achieve expected benefits; the status, credit risk and continued existence of contracted customers; the availability and price of energy commodities; fluctuations in foreign exchange and interest rates; the regulatory environment; competitive factors in the pipeline, NGL and power industries; and the prevailing economic conditions in North America. The reader is cautioned that these factors and risks are difficult to predict and that the assumptions used in the preparation of such information, although considered reasonably accurate by Veresen at the time of preparation, may prove to be incorrect or may not occur. Accordingly, readers are cautioned that the actual results achieved will vary from the information provided herein and the variations may be material. Readers are also cautioned that the foregoing list of factors and risks is not exhaustive. Additional information on these and other risks, uncertainties and factors that could affect Veresen's operations or financial results are included in our filings with the securities commissions or similar authorities in each of the provinces of Canada, as may be updated from time to time. There is no representation by Veresen that actual results achieved will be the same in whole or in part as those set out in the forward-looking information. Furthermore, the forward-looking statements contained herein are made as of the date hereof, and Veresen does not undertake any obligation to update publicly or to revise any forward-looking information, whether as a result of new information, future events or otherwise. Any forward-looking information contained herein is expressly qualified by this cautionary statement.
Certain financial information contained herein may not be standard measures under Generally Accepted Accounting Principles ("GAAP") in Canada and may not be comparable to similar measures presented by other entities. These measures are considered to be important measures used by the investment community and should be used to supplement other performance measures prepared in accordance with GAAP in Canada. For further information on non-GAAP financial measures used by Veresen see Management’s Discussion and Analysis, in particular, the section entitled “Non-GAAP Financial Measures” contained in the annual Management Discussion and Analysis, filed by Veresen with Canadian securities regulators.
Veresen Inc.
TSX - VSN
Web site: www.vereseninc.com
Email: investor_relations@vereseninc.com
Tel. (403) 213-3633
Approved by the Board of Directors December 7, 2011
