Slide 1: Annual Meeting of Shareholders April 27, 2022
Annual Meeting of Shareholders April 27, 2022 Exhibit 99.1
Slide 2: Safe Harbor Provision
Safe Harbor Provision This presentation contains “forward-looking statements” made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements regarding Unitil Corporation’s (“Unitil”) financial condition, result
Slide 3: About Unitil
About Unitil Pure-play New England utility creating long-term sustainable value Providing local electric and natural gas service in attractive service areas along the New Hampshire and Maine Seacoast Growing customer base supported by ongoing conversions from other fuels Service areas well positione
Slide 4: 2021 Results and Highlights
2021 Results and Highlights Strong operational and financial results; continued execution of key strategies Strong Financial Results 2021 Net Income of $36.1 million or $2.35 per share $0.20 per share increase Expected Long-Term EPS Growth Rate of 5% - 7% Achieved 9.3% EPS growth over 2020 EPS growt
Slide 5: Exceeding Customer Expectations
Exceeding Customer Expectations Delivering exceptional service is our top priority Customer Satisfaction Exceeding regional and national benchmarks 92% Top-Ranked in the Northeast Ranked first out of eight utilities 1st National customer satisfaction ranking Ranked 18th out of 113 utilities 1st Quar
Slide 6: Operational Excellence
Operational Excellence Striving for industry leading performance in safety and reliability Awarded the Edison Electric Institute’s Emergency Response Award for the fourth time in five years Selected as a Leading Practice Company by the American Gas Association, recognizing superior emergency respons
Slide 7: Robust Economic Development
Construction Employment (2) (thousands) Robust Economic Development Approximately $8.0 Billion of development projects within our service areas will add thousands of new customers Service Area State New Development (1) Massachusetts $0.2 Billion New Hampshire $2.5 Billion Maine $5.3 Billion Total $8
Slide 8: Abundant Conversion Opportunities
Recent Energy Prices (MA, ME, NH) Natural Gas $26.00 per MMBtu Fuel Oil $51.00 per MMBtu Propane $60.00 per MMBtu Abundant Conversion Opportunities PAGE Maine New Hampshire Maine has the highest percentage of homes heated with fuel oil in the nation New Hampshire has the second highest percentage of
Slide 9: Significant Investment Opportunities
Significant Investment Opportunities Increasing capital investment to support, expand, and modernize the utility system Diversified Five-Year Investment Plan Approximately $757 Million Disciplined investment plan supporting continued rate base growth in line with historical growth of 6.5% to 8.5% Ro
Slide 10: Transforming Customer Services and Energy Offerings
Transforming Customer Services and Energy Offerings PAGE Modernizing Electric and Natural Gas Infrastructure Accelerating the Clean Energy Transition The energy transition offers robust long-term investment opportunities ~ 3% Dividend Yield 6.5% - 8.5% Expected Long-Term Rate Base Growth 55% - 65% T
Slide 11: Strategic Update
Strategic Update Supporting the transition to a low-carbon future
Slide 12: National Context – Carbon Intensity vs Affordability
National Context – Carbon Intensity vs Affordability Per capita energy-related carbon dioxide emissions and average electricity costs by state Sources: U.S. Energy Information Administration (EIA), Table 4. Per capita energy-related carbon dioxide emissions by state (1970–2019) https://www.eia.gov/e
Slide 13: Strategies for Reducing Emissions
Strategies for Reducing Emissions Four key pillars of decarbonization PAGE Source: Massachusetts 2050 Decarbonization Roadmap
Slide 14: End-Use Electrification
End-Use Electrification Converting vehicles and buildings to electricity is a key policy focus Electric Vehicles Electric Heat Pumps PAGE Electrification is the replacement of fossil fuel technologies with technologies that use electricity as a source of energy. A form of fuel switching, it refers t
Slide 15: Clean Transportation
Clean Transportation Unitil is focused on vehicle conversions from gasoline and diesel to electricity and natural gas Implementing programs to encourage adoption of EVs Time-of-use rates to encourage off-peak charging at attractive rates Incentives/rebates for electric vehicle charging equipment New
Slide 16: Clean Alternatives for Home Heating
Clean Alternatives for Home Heating Hybrid heating solutions using electricity and natural gas are cleaner and more affordable Average Minimum Temperatures (Winter) PAGE Heating System Costs of Operation ($ per MMBtu) Propane ($3.81) Fuel Oil ($4.83) Nat Gas ($2.00) Heat Pump(1) ($0.215 per kWh) (1)
Slide 17: Optimizing Infrastructure
Optimizing Infrastructure Minimizing infrastructure costs will be important to maintain affordability PAGE Nuclear Natural Gas Hydro Renewables Solar Wind Annually 7X 4X 10X 86,600 Cold Winter Month Peak Winter Day Natural gas customers Electric customers Energy delivered by natural gas in compariso
Slide 18: Long-Term Growth Supported By Fuel Conversion Opportunities
Long-Term Growth Supported By Fuel Conversion Opportunities Unitil’s diverse customer base paired with the transition to lower carbon fuels presents long-term growth opportunities PAGE Residential and Transportation Energy Consumption, by Fuel Unitil Customer Mix 65% % of customers with Unitil as el
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