Unitil Corporation · NYSE:UTL
Unitil — Shareholder Meeting (April 2023)
14 slides from Unitil's shareholder meeting presentation, Apr 26, 2023
Slide 1: Annual Meeting of Shareholders April 26, 2023
Annual Meeting of Shareholders April 26, 2023 Exhibit 99.1
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains “forward-looking statements” made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements regarding Unitil Corporation’s (“Unitil”) financial condition, r
Slide 3: About Unitil
About Unitil Pure-play New England utility creating long-term sustainable value Providing local electric and natural gas service in attractive service areas along the New Hampshire and Maine Seacoast Growing customer base supported by ongoing conversions from other fuels Service areas well positione
Slide 4: 2022 Results and Highlights
PAGE 2022 Results and Highlights Delivering On Our Commitments Record Financial Results 2022 Net Income of $41.4 million or $2.59 per share $0.24 per share increase compared to 2021; 10.2% year-over-year EPS growth Long-Term EPS Growth of 5% - 7% Solid investment outlook including utility-scale sola
Slide 5: Exceptional Customer Service
Exceptional Customer Service Customer satisfaction remains well above regional and national peers PAGE Exceeding Regional and National Peers 90% Customer Satisfaction Overall satisfaction with service received from Unitil Top-Ranked in the Northeast Ranked first out of eight utilities 1st
Slide 6: Record Setting Reliability and Emergency Response
Record Setting Reliability and Emergency Response Unitil’s best year ever for electric reliability and gas emergency response time PAGE Electric Reliability (Average annual outage time in minutes) Gas Emergency Response (Average response time in minutes) Top Quartile Electric Reliability 50% lower s
Slide 7: Engaged Employees
Engaged Employees Unitil has established itself as a highly desirable “workplace of choice” PAGE High Levels of Pride and Engagement “Unitil University” Development Programs Diversity, Equity & Inclusion Outstanding Benefits Flexible Workplace Robust Succession Planning
Slide 8: Corporate Sustainability and Responsibility
Corporate Sustainability and Responsibility Advancing the clean energy transition and ensuring the long-term sustainability of our company PAGE Energy and the Environment We are committed to environmental stewardship and minimizing our impact on the environment while supporting the transition to a c
Slide 9: Durable Long-Term Strategies
Durable Long-Term Strategies Our strategies benefit customers and advance the clean energy transition PAGE Transforming Customer Service and Energy Offerings Connecting customers with value adding products and services Accelerating customer adoption of clean energy technologies Promoting adoption of
Slide 10: The energy transition offers robust long-term investment opportunities
The energy transition offers robust long-term investment opportunities Strategic Investment Opportunities Forecast investment includes capitalized non-service retirement benefit costs which aren’t reflected as investing activity for GAAP Rate Base figures include estimates and approximations that ar
Slide 11: Disciplined Capital Allocation
Disciplined Capital Allocation Investments funded by internal cash flow and sustainable external financing PAGE Responsible Financing Plan Capital investments funded principally by Cash Flow From Operations Lowering dividend payout has significantly reduced external equity needs; no external equity
Slide 12: Sustainable Dividend Growth
Sustainable Dividend Growth A sustainable growing dividend is a key element of Unitil’s investor proposition Sustainable Return of Capital Excludes one-time gain of $0.66 per share from Usource divestiture Quarterly dividends are subject to approval by Unitil’s Board of Directors Reflects 2022 annua
Slide 13: Creating Long-Term Sustainable Value
PAGE Attractive risk-adjusted long-term total shareholder return ~ 5 -7% Long-Term EPS Growth ~ 3% Dividend Yield ~ 8-10% Total Shareholder Return (1) (1) Total Shareholder Return proposition at constant Price-to-Earnings ratio Creating Long-Term Sustainable Value Expected Long-Term EPS Growth of 5%
Slide 14: © Unitil ; PAGE
© Unitil ; 7 PAGE 14