Slide 1: First Quarter Fiscal 2023 Results
1 First Quarter Fiscal 2023 Results Roger Perreault President and CEO, UGI Corporation Te d J . J a s t r ze b s k i Chief Financial Officer, UGI Corporation R o b e r t F. B e a r d Chief Operations Officer, UGI Corporation 1 1
Slide 2: About This Presentation
About This Presentation This presentation contains statements, estimates and projections that are forward-looking statements (as defined in Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended). Such statements use forward-looking
Slide 3: UGI Supplemental Footnotes
UGI Supplemental Footnotes Management uses "adjusted net income attributable to UGI Corporation" and "adjusted diluted earnings per share," both of which are non-GAAP financial measures, when evaluating UGI's overall performance. Management believes that these non-GAAP measures provide meaningful in
Slide 4: First Quarter FY23 Summary
First Quarter FY23 Summary Roger Perreault President and CEO, UGI Corporation 4 4
Slide 5: Q1 FY23 Financial Overview
Q1 FY23 Financial Overview • Q1 FY23 GAAP diluted EPS of ($4.54) vs. ($0.46) in Q1 FY22 Reportable Segments EBIT Adjusted Diluted EPS1 ($ in Millions)3 • Adjusted diluted EPS1 of $1.142 in $1.14 Q1 FY23 vs. $0.932 in Q1 FY22 $411 $0.93 • Solid performance from our $348 reportable segments • Natural
Slide 6: Recent Accomplishments
Recent Accomplishments • Deployed $117 million of capital at the Utilities; Added 4,500+ customers • Higher gas base rates at UGI Utilities that went into effect at the end of October 2022 Reliable • Benefits from disciplined margin management and expense control actions, despite elevated Earnings i
Slide 7: First Quarter FY23 Financial Review
First Quarter FY23 Financial Review Ted J. Jastrzebski Chief Financial Officer, UGI Corporation 7 7
Slide 8: Q1 FY23 Adjusted Diluted Earnings per Share
Q1 FY23 Adjusted Diluted Earnings per Share Q1 FY23 Q1 FY22 AmeriGas Propane $0.23 $0.16 UGI International 0.21 0.26 Midstream & Marketing 0.35 0.24 Utilities 0.38 0.29 Corporate & Other (a) (5.71) (1.41) Loss per share – diluted (b) (4.54) (0.46) Net losses on commodity derivative instruments not a
Slide 9: Q1 FY23 Results Recap
Q1 FY23 Results Recap Q1 FY23 GAAP diluted EPS of ($4.54) compared to ($0.46) in Q1 FY22 Q1 FY23 Adjusted Diluted EPS1 – Comparison with Q1 FY22 Q1 FY23 Adjusted Diluted EPS1 – Segment Split $1.143 $0.932 ($0.05) $0.38 Utilities $0.29 Midstream & Marketing $0.35 $0.24 UGI 4 International $0.214 $0.2
Slide 10: Financial Results – AmeriGas Propane
Financial Results – AmeriGas Propane Q1 FY23 EBIT - Comparison with Q1 FY22 Weather versus normal (Millions of dollars) Q1 FY22 Q1 FY23 Earnings Before Interest Expense & Income Taxes $86 Total Margin 20 Operating and Administrative Expenses 5 6.2% Other Income and Expense, net (1) Earnings Before I
Slide 11: Financial Results – UGI International
Financial Results – UGI International Q1 FY23 EBIT - Comparison with Q1 FY22 Weather versus normal (Millions of dollars) Q1 FY22 Q1 FY23 Earnings Before Interest Expense & Income Taxes $82 Total Margin (41) Operating and Administrative Expenses 18 Depreciation and Amortization 3 5.0% Realized FX Gai
Slide 12: Financial Results – Midstream & Marketing
Financial Results – Midstream & Marketing Q1 FY23 EBIT - Comparison with Q1 FY22 Weather versus normal (Millions of dollars) Q1 FY22 Q1 FY23 Earnings Before Interest Expense & Income Taxes $82 Total Margin 33 Depreciation and Amortization (2) Other Income and Expense, net (6) Q1 FY22 Q1 FY23 Earning
Slide 13: Financial Results – Utilities
Financial Results – Utilities Q1 FY23 EBIT - Comparison with Q1 FY22 Weather versus normal (Millions of dollars) Q1 FY22 Q1 FY23 Earnings Before Interest Expense & Income Taxes $98 Total Margin 43 Operating and Administrative Expenses (11) Depreciation (2) Earnings Before Interest Expense & Income T
Slide 14: Liquidity Update
Liquidity Update Available Liquidity ($ in Billion) • Strong balance sheet position: • $1.2 Billion in available liquidity1 as of December 31, 2022 $1.5 $1.5 • On February 1, 2023, our Board of Directors approved a $1.2 quarterly dividend of $0.36 per share Q1 FY21 Q1 FY22 Q1 FY23 14 1. Defined as c
Slide 15: Conclusion
Conclusion Roger Perreault President and CEO, UGI Corporation 15 15
Slide 16: A Differentiated and Resilient Portfolio
A Differentiated and Resilient Portfolio Our diversified core business is well-positioned to meet our long-term financial commitments of 6-10% EPS growth and 4% dividend growth, and to continue creating shareholder value Essential solutions Global presence Robust supply that meet consumers’ providin
Slide 17: Q & A
Q Q & A 17 17
Slide 18: Appendix
Appendix 18 18
Slide 19: Q1 FY23 Adjusted Net Income
Q1 FY23 Adjusted Net Income ($ in Million) Q1 FY23 Q1 FY22 AmeriGas Propane $49 $34 UGI International 45 57 Midstream & Marketing 77 51 Utilities 81 63 Corporate & Other (a) (1,206) (302) Net loss attributable to UGI Corporation (954) (97) Net losses on commodity derivative instruments not associate
Slide 20: Q1 FY23 Segment Reconciliation (GAAP)
Q1 FY23 Segment Reconciliation (GAAP) ($ in Million) AmeriGas UGI Midstream & Corp & Total Propane International Marketing Utilities Other Revenues $2,759 $766 $877 $669 $592 $(145) Cost of sales (3,106) (386) (662) (514) (329) (1,215) Total margin (347) 380 215 155 2631 (1,360) 1 Operating and admi
Slide 21: Investor Relations
Investor Relations: Tameka Morris Arnab Mukherjee 610-456-6297 610-768-7498 morrista@ugicorp.com mukherjeea@ugicorp.com 21 21