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    RNW   CA8934631091

TRANSALTA RENEWABLES INC.

(RNW)
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Delayed Toronto Stock Exchange  -  05/25 12:52:05 pm EDT
17.54 CAD   +0.23%
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Media Advisory: TransAlta and TransAlta Renewables Fourth Quarter 2021 Results and Conference Call

01/24/2022 | 11:30am EDT

CALGARY, AB, Jan. 24, 2022 /CNW/ - TransAlta Corporation ("TransAlta") (TSX: TA) (NYSE: TAC) will release its fourth quarter 2021 results before markets open on Thursday, February 24, 2022. A conference call and webcast to discuss the results will be held for investors, analysts, members of the media and other interested parties the same day beginning at 9:00 a.m. Mountain Time (11:00 a.m. ET). The media will be invited to ask questions following analysts.

TransAlta Renewables Inc. ("TransAlta Renewables") (TSX: RNW) will release its fourth quarter 2021 results before markets on Thursday, February 24, 2022. Any questions regarding TransAlta Renewables may be asked on the TransAlta conference call.

Please contact the conference operator five minutes prior to the call, noting "TransAlta Corporation" as the company.

Fourth Quarter 2021 Conference Call:
Toll-free North American participants call: 1-888-664-6392
Webcast link: https://produceredition.webcasts.com/starthere.jsp?ei=1525768&tp_key=5fe076820e

Related materials will be available on the Investor Centre section of TransAlta's website at http://www.transalta.com/investors/events-and-presentations. If you are unable to participate in the call, the instant replay is accessible at 1-888-390-0541 (Canada and USA toll free) with TransAlta pass code 983771 followed by the # sign. A transcript of the broadcast will be posted on TransAlta's website once it becomes available.

About TransAlta Corporation:

TransAlta owns, operates and develops a diverse fleet of electrical power generation assets in Canada, the United States and Australia with a focus on long-term shareholder value. TransAlta provides municipalities, medium and large industries, businesses and utility customers clean, affordable, energy efficient, and reliable power. Today, TransAlta is one of Canada's largest producers of wind power and Alberta's largest producer of hydroelectric power. For over 100 years, TransAlta has been a responsible operator and a proud community-member where its employees work and live. TransAlta aligns its corporate goals with the UN Sustainable Development Goals.

For more information about TransAlta, visit our web site at transalta.com.

About TransAlta Renewables Inc.:

TransAlta Renewables is among the largest of any publicly traded renewable independent power producers ("IPP") in Canada. Our asset platform and economic interests are diversified in terms of geography, generation and counterparties and consist of interests in 27 wind facilities, 13 hydroelectric facilities, eight natural gas generation facilities, two solar facilities, one natural gas pipeline, and one battery storage project, representing an ownership interest of 2,966 megawatts of owned generating capacity, located in the provinces of British Columbia, Alberta, Ontario, Québec, New Brunswick, the States of Pennsylvania, New Hampshire, Wyoming, Massachusetts, Michigan, Minnesota, North Carolina, Washington and the State of Western Australia. Our objectives are to (i) provide stable, consistent returns for investors through the ownership of, and investment in, highly contracted renewable and natural gas power generation and other infrastructure assets that provide stable cash flow primarily through long-term contracts with strong counterparties; (ii) pursue and capitalize on strategic growth opportunities in the renewable and natural gas power generation and other infrastructure sectors; (iii) maintain diversity in terms of geography, generation and counterparties; and (iv) pay out 80 to 85 per cent of cash available for distribution to the shareholders of the Company on an annual basis.

For more information about TransAlta Renewables, visit its web site at transaltarenewables.com.

Cision
View original content:https://www.prnewswire.com/news-releases/media-advisory-transalta-and-transalta-renewables-fourth-quarter-2021-results-and-conference-call-301466633.html

SOURCE TransAlta Corporation

© Canada Newswire, source Canada Newswire English

Stocks mentioned in the article
ChangeLast1st jan.
TRANSALTA CORPORATION -0.76% 14.45 Delayed Quote.3.63%
TRANSALTA RENEWABLES INC. 0.29% 17.54 Delayed Quote.-6.67%
All news about TRANSALTA RENEWABLES INC.
05/24TransAlta Announces TSX Acceptance of Normal Course Issuer Bid
MT
05/24TRANSALTA BRIEF : Announces TSX Acceptance of Normal Course Issuer Bid
MT
05/12Fortescue to Assess Shuttered U.S. Coal Mine Site for Green Hydrogen Plant
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05/09Scotiabank Analysts Remain Neutral on TransAlta's Q1 Results
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05/06TransAlta Swings To Q1 Earnings Year Over Year
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Analyst Recommendations on TRANSALTA RENEWABLES INC.
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Financials
Sales 2022 516 M 401 M 401 M
Net income 2022 171 M 133 M 133 M
Net Debt 2022 1 148 M 892 M 892 M
P/E ratio 2022 27,9x
Yield 2022 5,37%
Capitalization 4 670 M 3 632 M 3 632 M
EV / Sales 2022 11,3x
EV / Sales 2023 11,0x
Nbr of Employees -
Free-Float 39,9%
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Mean consensus HOLD
Number of Analysts 13
Last Close Price 17,50 CAD
Average target price 18,54 CAD
Spread / Average Target 5,93%
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Managers and Directors
Todd J. Stack President, Chief Executive Officer & Director
Brent Ward Chief Financial Officer
David William Drinkwater Chairman
Allen R. Hagerman Independent Director
Susan Mary Ward Independent Director