Northwest Natural Holding Company · NYSE:NWN
Northwest Natural — Q4 2024 Earnings Presentation
14 slides from Northwest Natural's earnings presentation, Feb 28, 2025
Slide 1: NW Natural Holdings Q4 2024 Earnings Call
NW Natural Holdings Q4 2024 Earnings Call February 28, 2025
Slide 2: Investor Information
Investor Information Company FORWARD LOOKING STATEMENTS This and other presentations made by NW Natural Holdings from time to time, may contain forward-looking statements within the meaning of the U.S. Private Securities Litigation Information Reform Act of 1995. Forward-looking statements can be id
Slide 3: Leadership Presenting Today
Leadership Presenting Today Business Update • 2024 achievements • NW Natural Gas Company • SiEnergy David H. Anderson Chief Executive Officer Financial Update and Guidance • 2024 earnings drivers • Liquidity and financing • 2025 and long-term earnings guidance Ray J. Kaszuba Growth/Strategic Updates
Slide 4: 2024 Achievements
2024 Achievements • Achieved $2.33 adjusted EPS1 for 2024, at the upper end of guidance range • New rates effective Nov. 1, 2024 for NW Natural Gas Company • Announced SiEnergy acquisition in 2024; subsequently closed in early 2025 • Increased consolidated rate base growth projection from 5% - 7% to
Slide 5: NW Natural Gas Utility Rate Base Growth
NW Natural Gas Utility Rate Base Growth 2024 Completed Oregon General Rate Case • Received final order from Oregon Public Utility Commission on October Oregon & Washington Gas Utility 25, 2024, approving a $93.3 million revenue requirement increase for Rate Base Growth NW Natural Gas Company In thou
Slide 6: Closed Acquisition of SiEnergy
Closed Acquisition of SiEnergy Premier gas utility in high-growth, constructive market Positioned for Continued • One of the fastest growing natural gas utilities in Double-Digit Customer Growth the nation through organic customer additions In thousands 80-90 • Today serves 70,000 customers in the d
Slide 7: Annual 2024 Financial Results
Annual 2024 Financial Results FY 2024 FY 2023 Change In thousands, except per share data Amount Per Share Amount Per Share Amount Per Share Adjusted net income (loss)1: Natural Gas Distribution segment $87,196 $2.24 $94,042 $2.59 $(6,846) $(0.35) Other 3,430 0.09 (174) - 3,604 0.09 Consolidated NW N
Slide 8: Financial Outlook
Financial Outlook 2025 and Long-Term Targets • Initiated adjusted1 2025 EPS guidance in the range of $2.75 - $2.95 EARNINGS PER SHARE (EPS) • Expect SiEnergy and NW Natural Water to each provide about $0.25 - $0.30 annual adjusted 2025 EPS AND DIVIDENDS • Long-term EPS growth target of 4% - 6%2 from
Slide 9: SiEnergy and Water, Today and Tomorrow
SiEnergy and Water, Today and Tomorrow SiEnergy Rate Base NW Natural Water Rate Base1 In millions In millions $290 - $320 $210 - $230 20 - 25% CAGR 10 - 15% CAGR 2025 – 2027 2025 – 2027 1 Water rate base includes wastewater 2025E 2025E regulated and unregulated assets. SiEnergy Net Income NW Natural
Slide 10: Positioned for Near- and Long-Term Success
Positioned for Near- and Long-Term Success After a strong year of execution, NWN is well-positioned to deliver on its financial and strategic objectives in 2025 2025 Objectives Constructive Oregon Gas • Expect new customer rates in Oregon on Nov. 1, 2025 Rate Case Outcome • Allows for strong return
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Slide 12: Appendix
Appendix 12
Slide 13: Non-GAAP Information & Guidance Reconciliation
Non-GAAP Information & Guidance Reconciliation Management uses "adjusted net income" and "adjusted basis earnings per share," both of which are non-GAAP financial measures, when evaluating NW Natural Holdings' overall performance. Management believes that these non-GAAP measures provide meaningful i
Slide 14: Non-GAAP Adjusted EPS & Net Income Reconciliation
Non-GAAP Adjusted EPS & Net Income Reconciliation Twelve Months Ended December 31 2024 2023 In thousands, except per share data Amount Per Share Amount Per Share Consolidated GAAP net income $78,871 $2.03 $93,868 $2.59 Regulatory line extension disallowance 13,700 0.35 SiEnergy transaction costs 2,2
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