Slide 1: Q3 2023 Earnings Call
Q3 2023 Earnings Call August 7, 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 Uncert
Slide 3: Agenda
Agenda Q Operational and Financial Highlights Q 2023 Outlook Q Questions
Slide 4: Customers and Infrastructure
Customers and Infrastructure Expansion Average Customers for 12 months Q 3.1 miles main ended June 30, F 63,000 Q) 464 services on 62,800 62,682 een 62,600 62,484 62,571 total customers 62,400 62,200 Collections «62.000 Q Bad Debt: $223k YTD e560 improvement vs. 2022 i 61,638 61,600 Q)_Processes and
Slide 5: QTD Gas Volumes
Thousands QTD Gas Volumes DTHs Delivered Q3 2023 WO3 2022 1,200 1,000 800 600 400 a_i. Residential Commercial Industrial Q3 2023 vs Q3 2022 Total Volumes (3%) Commercial & Industrial Volumes (3%) pa Heating Degree Days (6%) _
Slide 6: YTD Gas Volumes
Thousands YTD Gas Volumes DTHs Delivered ™Q32023 mQ3 2022 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500 : Residential Commercial Industrial 2023 vs 2022 Total Volumes (3%) Commercial & Industrial Volumes (2%) Heating Degree Days (3%)
Slide 7: Consolidated Financial Results
Consolidated Financial Results For the periods ended June 30, (Presented in thousands, except per share data) Operating revenues Operating expenses Operating income Equity in earnings of unconsolidated affiliate Impairment of unconsolidated affiliates Other income, net Interest expense Income (loss)
Slide 8: Consolidated Underlying Financial Results
Consolidated Underlying Financial Results For the periods ended June 30, (Presented in thousands, except per share data) Consolidated Net Income (Loss) $ Non-cash Impairment, Net lUnderlying Net Income Increase Underlying Earnings Per Share $ Third Quarter Twelve Months Ended 2023 2022 2023 2022 687
Slide 9: Roanoke Gas YTD CapEx
Roanoke Gas YTD CapEx $25.0 $20.0 $15.0 Millions $10.0 $5.0 $0.0 $1.9 million or 11.1% increase RNG Customer Project ‘Growth & System $4.2 Expansion $3.4 Other Capital SAVE & $4.9 Renewals $6.6
Slide 10: 2023 Outlook
2023 Outlook Roanoke Gas Growth and Capital MVP EPS
Slide 11: 2023 CapEx Forecast
2023 CapEx Forecast SAVE & Renewals $7.8 Utility Maintenance 6.4 Customer Growth & 5.5 System Expansion RNG Facility 4.2 Total $23.9 10
Slide 12: RGC Midstream, LLC
RGC Midstream, LLC Actual Forecast 2022 2023 2024 Net Loss $ (42,169) $ (657) $ (112) Non-cash Impairment, Net 40,912 Underlying Net Loss (1,257) (657) $ Increase 600 $ Underlying Earnings Per Share $ (0.14) (0.07) $
Slide 13: Earnings Per Share
Earnings Per Share $1.08 $1.07 $1.04 Implied Dividend $1.01 Payout Ratio: a 73.8% $0.94 79.8% $0.87 | $0.80 2023 Forecast 2024 Forecast pad EPS Range
Slide 14: G
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