Rgc Resources Inc. · NASDAQ:RGCO
Rgc Resources — Q4 2023 Earnings Presentation
15 slides from Rgc Resources's earnings presentation, Dec 4, 2023
Slide 1: Q4 2023 Earnings Call
Q4 2023 Earnings Call December 4, 2023
Slide 2: Forward-Looking Statements
Forward-Looking Statements The statements in this presentation by RGC Resources, Inc. (the "Company") that are not historical facts constitute “forward: looking statements” made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995 that involve risks and uncer
Slide 3: Agenda
Agenda Q Operational and Financial Highlights Q 2024 Outlook Q Questions
Slide 4: Customers and Infrastructure
Customers and Infrastructure Expansion Average Customers for 12 months QO 4miles of new main ended September 30, 63,000 Q 552 customers 62,740 62,800 62,650 62,639 enannnnnne: 62,600 RRHA Partnership ann Renewal of Housing © Complexes 2000 a 61,800 v Hunt Manor 61,600 v_ Indian Rock Village say v Bl
Slide 5: Regulatory Update
Regulatory Update Q RNG Rider Q SAVE Rider Q Rate Case Q Franklin County CPCN
Slide 6: QTD Gas Volumes
QTD Gas Volumes DTHs Delivered WQ4 2023 BA4 2022 1,200 » 1,000 2 § 800 3 = 600 400 ° i : Residential Commercial Industrial Q4 2023 vs Q4 2022 Total Volumes 7% Commercial & Industrial Volumes 8% Heating Degree Days (74%)
Slide 7: YTD Gas Volumes
YTD Gas Volumes DTHs Delivered @YTD 2023 BYTD 2022 4,000 3,500 3 3,000 3 2,500 3 = 2,000 1,500 1,000 500 Residential Commercial Industrial 2023 vs 2022 Total Volumes (1%) Commercial & Industrial Volumes 0% Heating Degree Days (3%)
Slide 8: Roanoke Gas 2023 CapEx
Roanoke Gas 2023 CapEx ‘Customer RNG Growth & System | Project Expansion $4.1 $4.4 Other Capital $6.7 Renewals $10.4
Slide 9: Consolidated Financial Results
Consolidated Financial Results For the periods ended September 30, (Presented in thousands, except per share data) { Fourth Quarter Fiscal ] [2023 | _2022 2023, | ~—2022—«| Operating revenues S$ 12468 $ 1411315 97,440 $ 84,165 Operating expenses 11,723 13,658 79,761 69,249 Operating income 745 455 1
Slide 10: Consolidated Underlying Financial Results
Consolidated Underlying Financial Results For the periods ended September 30, (Presented in thousands, except per share data) FourthQuarter _|[ Fiscal ] [2023 [| 2022‘ |[ 2023, [| —2022_—«*YY: Consolidated Net Income (Loss) $ 1,014 $ (11,415) $ 11,299 § (31,733) Non-cash Impairment, Net - 11,340 - 4
Slide 11: 2024 Outlook
2024 Outlook Q Roanoke Gas Growth and Capital Q MVP Q EPS
Slide 12: 2024 CapEx Forecast
2024 CapEx Forecast SAVE & Renewals Utility Upgrades Customer Growth & System Expansion MVP Growth Total
Slide 13: MVP
MVP Q Project Status Q Roanoke Gas Interconnects OQ Midstream EPS
Slide 14: Earnings Per Share
Earnings Per Share $1.20 $1.16 $1.14 yl $1.14 Dividend Payout Ratio: $1.08 - 69% $1.02 $1.10 73% $0.96 $0.90 2023 Actual 2024 Forecast @EPS Range
Slide 15: MA CSOLUI'CES
BC” MA CSOLUI'CES i