Slide 1: Q2 2023 Earnings Call
Q2 2023 Earnings Call May 8, 2023
Slide 2: Forward-Looking Statements
Forward-Looking Statements ‘The statements in this presentation by RGC Resources, Inc. (the "Company") that are net 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 lncer
Slide 3: Agenda
Agenda Q Operational and Financial Highlights Q 2023 Outlook Q Questions
Slide 4: Customers and Infrastructure
Customers and Infrastructure Average Customers for 12 months ended March 31, QO 63,217 total 62,799 customers 62,800 = 62,600 Expansion 62,400 62,335 62,200 QO) 2.7 miles main en 61,800 QO 336 services 61,600. ag 61,400 61,200 ‘| 61,000 2020 2021 © -2022-—S 2023
Slide 5: Roanoke Gas RNG Facility
Roanoke Gas RNG Facility QO) Customer Billing March 2023 In-service March 2023
Slide 6: QTD Gas Volumes
QTD Gas Volumes DTHs Delivered mQ2 2023 maz 2022 2,000 $ 1,500 g 2 1,000 500 Residential Commercial Industrial Q2 2023 vs Q2 2022 Total Volumes (19%) _ Commercial & Industrial Volumes (17%) Heating Degree Days (22%)
Slide 7: YTD Gas Volumes
YTD Gas Volumes DTHs Delivered mQ2 2023 maz 2022 Residential ‘Commercial Industrial 2023 vs 2022 Total Volumes (2%) Commercial & Industrial Volumes (2%) pas Heating Degree Days (2%) _
Slide 8: Consolidated Financial Results
Consolidated Financial Results For the periods ended March 31, (Presented in thousands, except per share dato) Operating revenues $ in earnings of unconsolidated affiliate Impairment of unconsolidated affiliates Other income, net Interest expense Income (loss) before income taxes Income tax expense
Slide 9: Consolidated Underlying Financial Results
Consolidated Underlying Financial Results For the periods ended March 31, (Presented in thousands, except per share data) Twelve Months Ended | [ ‘Second Quarter l 2023 2022 2023, 2022 | Consolidated Net Income (Loss) $ 6342 $ (24,494) $ (1,224) $ (20,299) Non-cash Impairment, Net 29,572. 11,340 29,
Slide 10: Roanoke Gas YTD CapEx
Roanoke Gas YTD CapEx $24.0§, $ $12.0 $10.0 RNG Project Customer $34 Growth & System Expansion $2.4 $8.0 $6.0 Millions $4.0 $2.0 $0.0 $2.1million or 19.5% increase
Slide 11: 2023 Outlook
2023 Outlook Roanoke Gas Growth and Capital EPS
Slide 12: 2023 CapEx Forecast
2023 CapEx Forecast SAVE & Renewals Utility Maintenance Customer Growth & System Expansion RNG Facility Total
Slide 13: Earnings Per Share
Earnings Per Share $1.05 $1.01 $1.00 $0.95 $0.90 , Implied Dividend Payout Ratio: iad 86.8% 80 % 90.8% $0.75 $0.70 2022 Underlying 2023 Forecast a ) EPS Range
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