Rgc Resources Inc. · NASDAQ:RGCO
Rgc Resources — Q4 2018 Earnings Presentation
13 slides from Rgc Resources's earnings presentation, Dec 4, 2018
Slide 1: Fourth Quarter 2018 Earnings Conference Call
Fourth Quarter 2018 John S. D’Orazio, CEO Earnings conference call Paul W. Nester, CFO
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 Key Operational and Financial Highlights 2019 Outlook Questions 2
Slide 4: Key Highlights
Key Highlights Earnings per Share (EPS): Fiscal year ended September 30: 2018 2017 Basic: $0.95 $0.86 Diluted: $0.95 $0.86 3
Slide 5: Roanoke Gas Q4 Capital Expenditures
Roanoke Gas Q4 Capital Expenditures $6.5 Other $5.5 Capital Millions $4.5 $0.5 SAVE Rider $3.5 $1.8 2018 $2.5 2017 Customer Growth & $1.5 System Expansion $0.5 $3.5 Total Capital Expenditures $1.5 million or 35% increase 4
Slide 6: Roanoke Gas Fiscal Year Capital Expenditures
Roanoke Gas Fiscal Year Capital Expenditures $25.5 $20.5 Millions Other Capital $3.6 $15.5 SAVE Rider 2018 $8.6 $10.5 2017 Customer $5.5 Growth & System Expansion $0.5 $11.1 Total Capital Expenditures $2.5 million or 12% increase 5
Slide 7: Customer Growth
Customer Growth Average Customers (twelve-months ended September 30) 60,800 60,600 60,400 60,200 60,000 59,800 59,600 59,400 59,200 59,000 58,800 2015 2016 2017 2018 Consistent customer growth year over year since 2015 108 new customers in fiscal Q4 597 total new customers fiscal year ended Se
Slide 8: Q4 Volume Growth
Q4 Volume Growth Volumes Sold (DTH) 700 600 500 Thousands 400 300 200 100 - Residential Commercial Industrial Q4 2017 Q4 2018 2018 vs 2017 Total Volumes 3% C&I 4% 7
Slide 9: Fiscal Year Volume Growth
Fiscal Year Volume Growth Volumes Sold (DTH) 5,000 4,000 3,000 Thousands 2,000 1,000 - Residential Commercial Industrial 2017 2018 2018 vs 2017 Commercial 20% Industrial 4% Top 10 Customers 7% 8
Slide 10: MVP Southgate Project Update
Update . RGC Midstream investment up to $46 million . FERC approved and construction in progress . Targeted in-service late calendar 2019 . MVP Southgate Project RGC Midstream CapEx $30 $20 $23 ($mm) $10 $17 $6 $0 Thru 2018A 2019E 2020E 9
Slide 11: Consolidated Financial Results
Consolidated Financial Results 10
Slide 12: 2019 Outlook
2019 Outlook Roanoke Gas Fiscal 2019 Capital Budget Capital Spend 24% 29% Rate Case 47% MVP Investment Earnings SAVE Infrastructure Rider $ 6.3 Customer Growth & System Expansion 10.3 Utility Maintenance and LNG Upgrades 5.4 Total $22.0 11
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