Rgc Resources Inc. · NASDAQ:RGCO

Rgc Resources — Q1 2021 Earnings Presentation

13 slides from Rgc Resources's earnings presentation, Feb 12, 2021

  1. Slide 1: Q1 2021 Earnings Call

    Q1 2021 Earnings Call February 12, 2021

  2. 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

  3. Slide 3: Agenda

    Agenda  Operational and Financial Highlights  2021 Outlook  Questions 2

  4. Slide 4: Customer Growth

    Customer Growth  62,600 total customers 3  1.6 miles main  170 services

  5. Slide 5: Q1 Gas Volumes

    - 200 400 600 800 1,000 1,200 1,400 Residential Commercial Industrial T h o u sa n d s Volumes Delivered (DTH) Q1 2020 Q1 2021 Q1 Gas Volumes 4 2021 vs 2020 Total Volumes (8)% Commercial and Industrial Volumes (6)% HDD (Unofficial) (13)%

  6. Slide 6: Total Capital Expenditures

    5 SAVE Rider $2.2 Customer Growth & System Expansion $1.8 Other Capital $1.3 Q1 2020 Q1 2021 $0.5 $1.5 $2.5 $3.5 $4.5 $5.5 $6.5 Total Capital Expenditures M il li o n s $0.5 million or 9% decrease Roanoke Gas Fiscal CapEx

  7. Slide 7: Earnings Per Share

    Earnings Per Share Fiscal Q1 ended December 31: 2020 2019 Basic: $0.58 $0.50 Diluted: $0.58 $0.49 6 Environmental Social Governance www.rgcresources.com/ESG

  8. Slide 8: Consolidated Financial Results

    Consolidated Financial Results 7

  9. Slide 9: 2021 Outlook

    8  Capital  MVP  EPS 2021 Outlook

  10. Slide 10: Roanoke Gas Fiscal 2021 Capital Forecast

    9 Roanoke Gas CapEx 43% 33% 24% Roanoke Gas Fiscal 2021 Capital Forecast SAVE Infrastructure Rider $ 9.1 Customer Growth & System Expansion 6.9 Utility Maintenance and LNG Upgrades 5.1 Total $21.1

  11. Slide 11: Mountain Valley Pipeline Investment

    10  Project 92% complete  $60 to $62 million projected cash investment  Target late calendar 2021 Update $17 $21 $8 $15 $0 $10 $20 $30 Thru 2018 Actual 2019 Actual 2020 Actual Forecast to Complete ($ m m ) Fiscal Year RGC Midstream Cash Investment Workers for the Mountain Valley Pipeline weld tog

  12. Slide 12: EPS Analysis

    EPS Analysis 11 $0.90 $0.93 $1.01 $1.08 $0.05 $0.15 $0.29 $0.95 $1.08 $1.30 $1.12 $0.70 $0.80 $0.90 $1.00 $1.10 $1.20 $1.30 $1.40 2018 Actual 2019 Actual 2020 Actual 2021 Forecast EPS (net Midstream) Midstream EPS Range Implied Dividend Payout Ratio: 66.1% 68.5%

  13. Slide 13: A

    A 3

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