Slide 1: Annual Meeting of Shareholders
April 22, 2015 Annual Meeting of Shareholders Presentation by Robert G. Schoenberger Chairman, Chief Executive Officer & President Exhibit 99.1
Slide 2: Unitil Corporation
Unitil Corporation Unitil Corporation is a Public Utility Holding Company with utility operations in Maine, New Hampshire and Massachusetts serving 180,000 gas and electric customers
Slide 3: Generating Financial Results Earnings Per Share
Generating Financial Results Earnings Per Share 12% CAGR Earnings per share has grown at a 12% annual rate since 2012 $1.43 $1.57 $1.79
Slide 4: Market Outperformance 5-Year Total Return
Market Outperformance 5-Year Total Return Unitil 5-year total return of 106% versus 105% for S&P 500 and 87% for S&P Utility -20% 0% 20% 40% 60% 80% 100% 120% Unitil S&P 500 S&P Utility Index 140%
Slide 5: Worldwide Electricity Prices
Worldwide Electricity Prices Worldwide Electricity Prices Electricity prices in the USA remain very competitive compared to worldwide electricity prices 2014 prices in US $/kWh Source: IEA $0.00 $0.10 $0.20 $0.30 $0.40 $0.50
Slide 6: Worldwide Natural Gas Prices
Worldwide Natural Gas Prices LNG/natural gas prices in the USA are well below worldwide LNG/natural gas prices April 2015 LNG prices in US $/MMBtu Source: FERC.gov
Slide 7: U.S. Shale Plays Domestic Natural Resources
U.S. Shale Plays Domestic Natural Resources Approximately 100+ years of domestic natural gas supply The United States ranks first in oil and gas production worldwide
Slide 8: U.S. Electricity Prices
U.S. Electricity Prices December 2014 prices in US cents/kWh Source: EIA
Slide 9: Gas Growth Potential
Gas Growth Potential Only 60% penetration on existing distribution system means more room to grow Expansion into adjacent service areas provides new opportunities for growth each year Convenient, clean, efficient and low cost natural gas is attracting more and more commercial and industrial high vol
Slide 10: New Service Areas Gas Expansion Opportunities
New Service Areas Gas Expansion Opportunities Provide Years of Above Industry Average Customer Growth 1 Poland New Service Area 2 Wells Extension 3 Lewiston Extension 4 Brentwood New Service Area 5 Dover Extension 6 Hampton Extension
Slide 11: Gas Sales Growth Weather-Normalized Gas Sales
Gas Sales Growth Weather-Normalized Gas Sales* Weather-normalized gas unit sales have grown at a 5% annual rate since (therms, in millions) *Excludes decoupled gas sales
Slide 12: Gas Customer Growth Gas Customer Additions
Gas Customer Growth Gas Customer Additions The total number of gas customers served grew 3% in 2014 - triple the New England peer group average growth 1% 3% 0% 1% 2% 3% 4% 5% New England Peer Average Unitil
Slide 13: Infrastructure Replacement Cast Iron / Bare Steel Miles Replaced
Infrastructure Replacement Cast Iron / Bare Steel Miles Replaced 2015 F 2016 F 2017 F ME NH MA • Modern gas infrastructure – Approximately 70% of gas mains are contemporary materials - polyethylene plastic and protected steel • Replacing ~14 miles of remaining older leak prone mains annually across
Slide 14: Substation Projects
Substation Projects Construction of two major electric distribution substations in New Hampshire began in 2014 Provides capacity to meet forecasted load growth in New Hampshire Enhances reliability and addresses capacity constraints at existing substations Kingston Project: Kingston, NH (Seacoast Re
Slide 15: Utility Rate Base Growth
Utility Rate Base Growth Gas Rate Base Electric Rate Base Gas rate base growing at an annual rate of 10% Electric rate base growing at an annual rate of 4% ($ in millions) ($ in millions) $257 $286 $313 $200 $208 $215
Slide 16: Constructive Regulation Return on Equity
Constructive Regulation Return on Equity Sales and customer growth combined with constructive rate case results and cost trackers continue to drive increases in return on equity Achieved ~$60 million (~50% increase to sales margin) in rate relief since 8.0% 8.2% 9.2%
Slide 17: Usource Competitive Energy Markets Customers
Usource Competitive Energy Markets Customers • Manages over $500 million in electric and gas energy contracts in 18 states • Serves over 1,200 customers • $5.7 million of revenue in 2014 • $9.1 million forward book of revenue as of December 31, 2014 • Positioned for sustainable profit growth • 16% p
Slide 18: Dividend Strength
Dividend Strength Recently increased dividend in Q1 2015 Current quarterly dividend of $0.35 (annual dividend of $1.40 per share) Current dividend yield of ~4% Since incorporation in 1984, Unitil has continuously paid quarterly dividends and has never reduced its dividend rate
Slide 19: Key Investment Highlights
Key Investment Highlights Regulated local distribution utility business model Diversified natural gas and electric sales Growing operations and customer base Regulated rate base growth Strong natural gas system expansion Constructive rate plans and cost trackers Dividend strength Experienced managem