Unitil Corporation · NYSE:UTL
Unitil — Shareholder Meeting (April 2025)
17 slides from Unitil's shareholder meeting presentation, Apr 30, 2025
Slide 1: Annual Meeting of Shareholders
Annual Meeting of Shareholders April 30, 2025
Slide 2: Forward-Looking Statements and Use of Non-GAAP Measures
Forward-Looking Statements and Use of Non-GAAP Measures This presentation contains “forward-looking statements” including within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included in th
Slide 3: About Unitil
About Unitil Pure play regulated utility creating long-term sustainable value Local distributor of electricity and natural gas in attractive service areas along the New Hampshire and Maine Seacoast • Fully regulated electric and gas operations • Growing customer base supported by strong regional eco
Slide 4: Delivering on Our Commitments
Delivering on Our Commitments Strong financial, operational and strategic execution Record Financial Results Operational Excellence Robust Long-Term Outlook Record Net Income of $47.1 million Top-ranked customer satisfaction Long-term guidance of 5% - 7% or $2.93 per share in the eastern
Slide 5: Exceptional Customer Service
Exceptional Customer Service Customer satisfaction remains well above regional and national peers 90 % OVERALL CUSTOMER SATISFACTION 2 ND OUT OF 118 UTILITIES Having Friendly Employees 1 ST OUT OF 8 NORTHEAST UTILITIES 4 TH OUT OF 121 UTILITIES Having Knowledgeable and Well-trained Employees 1 ST OU
Slide 6: Operational Excellence
Operational Excellence Consecutive years of outstanding electric reliability and gas emergency response Top Quartile Electric Reliability Three consecutive years of top quartile electric service reliability Best-in-Class Gas Emergency Response Ranked among the top Electric Reliability Gas Emergency
Slide 7: Corporate Sustainability
Corporate Sustainability Sustainability and Responsibility are core elements of Unitil’s Respect, Integrity, Stewardship, Excellence values Kingston Solar Array Climate Our solar facility in Kingston, New Hampshire, is 2024 Climate and Energy Award New Hampshire Businesses for Social Responsibility
Slide 8: Significant Organic Investment Opportunities
Significant Organic Investment Opportunities Increasing capital investment to expand, upgrade and modernize utility infrastructure Actual and Forecast Capital Investment Consolidated Rate Base(2) Five-year capital investment of approximately $1 billion $1,200 7.1% CAGR ~7.7% increase over previous 5
Slide 9: Natural Gas Acquisitions
Natural Gas Acquisitions Tuck-in acquisitions at attractive valuations complement existing gas operations in Maine Acquisition Highlights Maine has the highest percentage of homes heated with fuel oil in the nation • Fully regulated local distribution companies 2.8% • 15,000 new natural gas customer
Slide 10: Acquisitions Enhance Growth Profile
Acquisitions Enhance Growth Profile BNG and MNG acquisitions are expected to be earnings accretive over the long-term Long-Term Guidance Accelerating Rate Base Growth EPS Growth 5.0% - 7.0% $2.00 Rate Base Growth 6.5% - 8.5% $1.75 Total Shareholder Return 8.0% - 10.0%(1) $1.50 $1.25 Billions Acquisi
Slide 11: Financial Discipline
Financial Discipline Maintaining our strong balance sheet is a core objective Responsible Financing Plan Long-Term Financing Sources • Capital investments funded principally by Cash Flow From Operations • Limited refinancing risk and no variable rate long-term debt Investment Grade Rating Equity, •
Slide 12: Sustainable Dividend Growth
Sustainable Dividend Growth A sustainable and growing dividend is a key element of our investor proposition Earnings Per Share Growth Dividend Growth Aligned With EPS Annualized Dividend $1.80 Per Share Expected Earnings Expected Dividends Steady, Predictable Shareholder Return 5% - 7% 5% - 7% Per S
Slide 13: Recapping Long-Term Financial Performance
Recapping Long-Term Financial Performance Historical earnings growth at midpoint of long-term guidance Performance Over Last 11 Years Historical Earnings per Share(1)(2) 7.5% Net Income 2.2x Net Income $3.00 Annual Growth Compared to 2013 $2.50 6.0% Earnings Per Share 1.9x EPS $2.00 Annual Growth Co
Slide 14: Compelling Value Proposition
Compelling Value Proposition Driving sustainable growth through a disciplined, regulated strategy 5% - 7% 5% - 7% 8% - 10% Annual EPS Growth Annual Dividend Growth Annual Total Return(1) Long Term Guidance Aligned with EPS Growth Price Appreciation Plus Dividend $1 Billion 6.5% - 8.5% 17% - 19% 5-Ye
Slide 15: Thank You!
Unitil Corporation Thank You! 6 Liberty Lane West Hampton, NH 03842-1720 1-888-301-7700 www.unitil.com NYSE Ticker: UTL Investor Relations unitil.com/investors 800-999-6501 InvestorRelations@unitil.com
Slide 16: Appendix
Appendix 86,600 Natural Gas Customers SLIDE 16
Slide 17: GAAP Reconciliation of Adjusted Earnings
GAAP Reconciliation of Adjusted Earnings Twelve Months Ended December 31, 2024 SLIDE 17