UGI Corporation · NYSE:UGI
UGI — Shareholder Meeting (January 2021)
14 slides from UGI's shareholder meeting presentation, Jan 29, 2021
Slide 1: Annual Shareholder Meeting
ANNUAL SHAREHOLDER MEETING JANUARY 29, 2021
Slide 2: Our Agenda Today
Our Agenda Today UGI Corporation Major Achievements in FY 2020 Financial Performance and Stability Renewable Energy Solutions Mountaineer Gas Company Our Way Forward Q Q&A 2
Slide 3: About This Presentation
About This Presentation UGI Corporation This presentation contains statements, estimates and projections that are forward-looking statements (as defined in Section 21E of the Securities and Exchange Act of 1934, as amended). Management believes that these are reasonable as of today’s date only. Actu
Slide 4: Major Achievements in FY 2020
Major Achievements in FY 2020 UGI Corporation Strengthened Maintained Expanding Foundations Momentum ESG Activities • Completed acquisitions • EPS / Dividend • Continuing to build our portfolio of Positioned as a complementing our commitments renewable solutions: Differentiated growth plan: • GHI –
Slide 5: FY 2020 Financial Results
FY 2020 Financial Results UGI Corporation FY20 GAAP EPS of $2.54 compared to GAAP EPS of $1.41 in the prior-year. Adjusted EPS1 – Comparison with 2019 Adjusted EPS1 – Segment Split 0.02 0.01 (0.09) 0.09 $2.673 0.36 $2.282 UGI $0.65 Utilities $0.74 $0.44 Midstream $0.43 & $ 2.67 Marketing $0.82 4.6%
Slide 6: History of Meeting EPS and Dividend Commitments
History of Meeting EPS and Dividend Commitments UGI Corporation Long-Term Commitments • EPS Growth: 6 – 10% • Dividend Growth: 4% 2.95 EPS 2.74 10-year CAGR2 Adjusted Earnings Per Share1 ($) 2.67 2.65 7.1% 2.29 2.28 2.02 2.01 2.05 1.61 1.46 1.41 1.25 Dividend 10-year CAGR 6.9% 1.30 1.31 0.87 0.91 0.
Slide 7: Performance and Stability
Performance and Stability UGI Corporation A Total Shareholder Return of 13%+ over the last 20 years exceeds that of the S&P Performance 500 over the same period1 Cash flow stability and growth remains a key differentiator for UGI. Focus on Stability liquidity provides resilience against macro risks
Slide 8: The Next Opportunity – Renewable Energy Solutions
The Next Opportunity – Renewable Energy Solutions UGI Corporation 2015-19 2020 2021-25 Renewable Solutions team Acquired GHI, Potential Renewable Solutions which will serve as opportunities of up to $1 billion Began marketing Bio-LPG in parts of Northern Europe a strong over the next five ye
Slide 9: Mountaineer Gas Company – A Meaningful Portfolio Addition
Mountaineer Gas Company – A Meaningful Portfolio Addition UGI Corporation Largest LDC in West Virginia, serving ~215,000 customers (90% residential) across 50 of WV’s 55 counties. • Fully rate-regulated business with $378 million rate base1 • West Virginia has a constructive regulatory and political
Slide 10: Our Way Forward
Our Way Forward UGI Corporation We continue to remain well-positioned to deliver on our long-term commitments to shareholders of 6-10% annual EPS growth and 4% dividend growth and position UGI as a leader of a renewable energy future. We will continue to: We will accelerate: • Build a more weath
Slide 11: UGI Corporation
CORPORATION uonesodio |9N
Slide 12: Appendix
12 UGI Corporation Appendix
Slide 13: UGI Corp Adjusted Net Income and Adjusted Earnings Per Share
UGI Corp Adjusted Net Income and Adjusted Earnings Per Share UGI Corporation (Millions of dollars, except per share amounts) Year Ended September 30, 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 NON-GAAP RECONCILIATION: Adjusted net income attributable to UGI Corporation: Net income attrib
Slide 14: UGI Corporation Free Cash Flow
UGI Corporation Free Cash Flow UGI Corporation ($ in millions) Year Ended September 30, 2011 2012 2013 2014 2015 Net Cash Provided By Operating Activities $555 $708 $802 $1,005 $1,164 Less: Expenditures for property, plant, and equipment (361) (339) (486) (457) (491) Less: Dividends (114) (119) (126