Northwestern Energy Group, Inc. · NASDAQ:NWE
Northwestern Energy — Shareholder Meeting (April 2012)
20 slides from Northwestern Energy's shareholder meeting presentation, Apr 25, 2012
Slide 1: Annual Shareholders Meeting
Annual Shareholders Meeting Butte, Montana April 25, 2012
Slide 2: Forward looking statements
Forward looking statements During the course of this presentation, there will be forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often address our expected future business and financial
Slide 3: Outline
Who we are Financial update Investment opportunity outlook Outline
Slide 4: Who we are
Who we are ð Our Vision: Enriching lives through a safe, sustainable energy future ð Our Mission: Working together to deliver safe, reliable and innovative energy solutions ð Our Values: S afety E xcellence R espect V alue I ntegrity C ommunity E nvironment
Slide 5: Geographically positioned for success
Geographically positioned for success ð Our service territory covers some of the best wind regimes in the nation ð We have the opportunity to provide transmission services into two different markets (West and Midwest) Great wind profile Low unemployment rates ð A fully-regulated utility located in s
Slide 6: We are a fully-regulated utility
Weare a fully-regulated utility Eneray Sui Transmission Distribution Hlectric(MW) —_MI__SD___total_ 2011 Ixfor Others_MI__SD___total__ Demand mr ___So/NE__ total fone load coo 222 210-482 ‘lectric (GWh) 9,100 +100 9,200 Daily MWs 750 72 922 Otherresources 150 108 238 Notural Gas (Bcf) 18.3 183 Peak
Slide 7: With competitive customer rates
With competitive customer rates Typical Customer bills
Slide 8: One hundred years later….
One hundred years later…. After a hundred years, electricity is still a great value
Slide 9: Outline
Who we are Financial update Investment opportunity outlook Outline
Slide 10: A strong credit profile
A strong credit profile ð Long-term targeted total debt to capitalization of 50-55% with a current capitalization of 55.6% (1) ð Total liquidity of $136 million as of Dec 31, ’11 ð Refinanced nearly all debt in the last 2 years – Lowered average coupon on long-term debt by 1.2% and extended maturiti
Slide 11: Reaffirming 2012 earnings guidance
Reaffirming 2012 earning guidance Reaffirming 2012 guidance range of $2.35-$2.50 based upon, but not limited to, the following major assumptions and expectations: • A consolidated income tax rate of approximately 18% - 20% of pre-tax income;
Slide 12: 8.1% Cash From Operations, 6.5% Dividend Growth
8.1% Cash From Operations 6.5% Dividend Growth
Slide 13: A history of earnings and dividend growth
A history of earnings and dividend growth
Slide 14: Solid pension funding
Solid pension funding NorthWestern Energy’s Pension Assumptions ð Target allocation 50% equity and 50% fixed income ð Expected long-term rate of return of 7.00% ð Discount rate of 4.40 - 4.55%
Slide 15: Outline
Who we are Financial update Investment opportunity outlook Outline
Slide 16: Growing investment in our existing system
Growing investment in our existing system
Slide 17: Great investment growth opportunities
Great investment growth opportunities
Slide 18: Investment project summary
Investment project summary Note: Color / label indicate NorthWestern Energy's current probability of execution and timing of expenditures. Changed to Green with MPSC pre-approval granted Feb ‘12
Slide 19: Conclusion
Conclusion Realistic investment opportunities to invest Free Cash Flow Fully-regulated Financially Strong cash Attractive utility sound dividend
Slide 20: Questions?
Questions? Thank you from all of us at NorthWestern Energy.