Rgc Resources Inc. · NASDAQ:RGCO

Rgc Resources — Q3 2018 Earnings Presentation

13 slides from Rgc Resources's earnings presentation, Aug 3, 2018

  1. Slide 1: Third Quarter 2018 Earnings Conference Call

    Third Quarter 2018 John S. D’Orazio, CEO Earnings conference call Paul W. Nester, CFO

  2. 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

  3. Slide 3: Agenda

    Agenda  Key Operational and Financial Highlights  2018 Outlook  Questions 3

  4. Slide 4: Key Highlights

    Key Highlights  Earnings per Share (EPS):  Year-to-date ended June 30: 2018 2017 Basic: $0.88 $0.84 Diluted: $0.87 $0.84 4

  5. Slide 5: Roanoke Gas Q3 Capital Expenditures

    Roanoke Gas Q3 Capital Expenditures Other Capital $0.2 $7.5 $6.5 Millions $5.5 SAVE Rider $4.5 $1.9 $3.5 2018 $2.5 2017 Customer Growth & System $1.5 Expansion $4.9 $0.5 Total Capital Expenditures $2.0 million, or 40% increase in capital spending 5

  6. Slide 6: Roanoke Gas YTD Capital Expenditures

    Roanoke Gas YTD Capital Expenditures $18.5 $16.5 $14.5 Millions Other Capital $12.5 $2.8 $10.5 SAVE Rider $8.5 2017 2018 $6.9 $6.5 Customer $4.5 Growth & System $2.5 Expansion $0.5 $7.8 Total Capital Expenditures $1.0 million, or 5% increase in capital spending 6

  7. Slide 7: Customer Growth

    Customer Growth Average Customers (twelve-months ended June 30) 60,800 60,600 60,400 60,200 60,000 59,800 59,600 59,400 59,200 59,000 58,800 58,600 2015 2016 2017 2018  Consistent customer growth year over year since 2015  129 new customers in the third fiscal quarter  489 total new customers YTD

  8. Slide 8: Q3 Volume Growth

    Q3 Volume Growth Volumes Sold (DTH) 700 600 500 Thousands 400 300 200 100 - Residential Commercial Industrial Q3 2017 Q3 2018 2018 vs 2017 Residential 35% C&I 13% 8

  9. Slide 9: YTD Volume Growth

    YTD Volume Growth Volumes Sold (DTH) 4,000 3,500 3,000 2,500 Thousands 2,000 1,500 1,000 500 - Residential Commercial Industrial YTD 2017 YTD 2018 2018 vs 2017 Commercial 20% Industrial 4% Top 10 Customers 9% 9

  10. Slide 10: MVP Southgate Update

    Update . RGC Midstream investment up to $37 million . FERC approved and construction in progress . Targeted in-service first quarter 2019 . MVP Southgate Project RGC Midstream CapEx $20 $17 $15 $15 $10 $5 ($mm) $5 $0 2017A 2018E 2019E 10

  11. Slide 11: Consolidated Financial Results

    Consolidated Financial Results 11

  12. Slide 12: 2018 Outlook

    2018 Outlook Roanoke Gas Fiscal 2018  CapEx Plan Capital Spend 14%  40% MVP Investment 46%  Earnings SAVE Rider & Station Replacement $ 9.0 Customer Growth & System Expansion 10.5 Utility Maintenance 3.1 Total $22.6 12

  13. Slide 13: (Gus |

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