Uil Co. Ltd. · KRX:049520
Uil — Merger or Acquisition (March 2014)
11 slides from Uil's merger presentation, Mar 3, 2014
Slide 1: Acquisition of Philadelphia Gas Works Operations Investor Presentation
Exhibit 99.2 Acquisition of Philadelphia Gas Works Operations Investor Presentation March 3, 2014
Slide 2: Note To Investors
Note To Investors Certain statements contained herein, regarding matters that are not historical facts, are forward-looking statements (as defined in the Private Securities Litigation Reform Act of 1995). These include statements regarding management’s intentions, plans, beliefs, expectations or for
Slide 3: Transaction Details
Transaction Details Acquisition of assets and certain liabilities of Philadelphia Gas Works (“PGW Description Operations”) Purchase Total consideration of $1.86 billion; PGW Operations acquired on a cash-free Price and debt-free basis UIL intends to issue long-term debt and equity in amounts consist
Slide 4: Compelling Opportunity
Compelling Opportunity Builds on core strategy of owning regulated businesses with opportunity to invest in growth » UIL has proven experience integrating, operating, and managing regulated distribution systems with similar demographics » Opportunities for infrastructure investment » Provides regula
Slide 5: Philadelphia Gas Works Overview
Philadelphia Gas Works Overview PWG Positioning & Service Area PGW Operations Service Area Detail & Infrastructure City Detail See Insert Founded in February 1836, came under City ownership in 1841 Since December 1972, has been operated and managed by the Philadelphia Facilities Management Corporati
Slide 6: Committed to Building Stronger PGW Operations
Committed to Building Stronger PGW Operations UIL brings a proven operating track record to Philadelphia » Well known for investing in its local distribution companies to enhance system reliability » Leverages best practices across its utilities to deliver superior customer service » Committed to en
Slide 7: Combined Business Overview
Combined Business Overview Pro Forma Service Territory Pro Forma Statistics NH Current Customers Net PP&E (1) MA 317,000 $1,744 MM NY 188,000 $521 MM CT RI 169,000 $451 MM 39,000 $126 MM NJ (1) 500,000 $1,155 MM PA Total: 1,213,000 $3,997 MM Customers Net PP&E Map Legend (1) UIL Holdings Corporation
Slide 8: Experienced LDC Operator
Experienced LDC Operator UIL has experience operating and managing regulated distribution systems with similar demographics Development of the Marcellus and Utica shales has fueled rapid growth in Pennsylvania gas production Pennsylvania currently the nation’s third largest natural gas producer, beh
Slide 9: Financial Considerations
Financial Considerations Immediate operating and free cash flow accretion Long-term EPS accretion Initially earnings neutral and long-term earnings accretive to UIL Target efficiencies from combining existing systems, improved capital allocation, scale benefits related to fuel costs and/or other pro
Slide 10: Substantial Transaction Benefits
Substantial Transaction Benefits Growth Opportunities under UIL platform to drive long-term growth through Opportunities infrastructure investments Increased operational diversification improves business profile and Diversification profitability LDC Platform Leverage business expertise, processes an
Slide 11: Questions
Questions