Rgc Resources Inc. · NASDAQ:RGCO
Rgc Resources — Q4 2022 Earnings Presentation
14 slides from Rgc Resources's earnings presentation, Dec 5, 2022
Slide 1: Q4 2022 Earnings Call
Q4 2022 Earnings Call December 5, 2022
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 Q Operational and Financial Highlights Q 2023 Outlook Q Questions
Slide 4: Customer Growth
Customer Growth L) 62,000 total CUSremiess a nn errr U 6.9 miles main O 664 services
Slide 5: Q4 Gas Volumes
Q4 Gas Volumes DTH Delivered 1,000 2.942022 maQ42021 8 800 2 3 600 & 400 ” En UU : Residential Commercial Industrial 2022 vs 2021 Total Volumes 14% Commercial & Industrial Volumes 17%
Slide 6: YTD Gas Volumes
YTD Gas Volumes Thousands eo ® wud. 8s 8 8 » DTH Delivered WyYTD 2022 _ wYTD 2021 Residential Commercial 2022 vs 2021 Industrial Total Volumes Residential Commercial & Industrial Heating Degree Days
Slide 7: Consolidated Financial Results
Consolidated Financial Results For the periods ended September 30, (Presented in thousands, except per share data) Fourth Quarter Fiscal [2022] 202 2022 | 2021, Operating revenues $ 14113 $ 13,355]$ 84,165 $ 75,175 Operating expenses 13,658 12,800 69,249 60,396 Operating income 455 555 14,916 14,779
Slide 8: Consolidated Underlying Financial Results
Consolidated Underlying Financial Results For the periods ended September 30, (Presented in thousands, except per share data) [Three Months Ended Twelve Months Ended [2022 [__2021 2022 | 2021 Consolidated Net Income/(Loss) $ (11,415) $ - Bs (31,733) 10,102 Non-cash Impairment, Net 11,340 - 40,912 :
Slide 9: Roanoke Gas YTD CapEx
Roanoke Gas YTD CapEx $30.0 $25.0 $20.0 $15.0 Millions $10.0 $5.0 $0.0 $5.5 million or 27.5% increase Customer Growth & System Expansion $7.2 SAVE Rider $10.9 RNG Project $3.4 Other Capital $4.0
Slide 10: 2023 Outlook
2023 Outlook L) RNG L) Rate Case L) Capital L) Earnings
Slide 11: Roanoke Gas RNG Facility
Roanoke Gas RNG Facility RAC application update o $7.7 million rate base; 100bp ROE adder o Hearing completed o Final order expected January 2023 o In-service completion - fiscal second quarter Emissions reduction: 13,700 metric tons Additional supply: up to 500 dth/day—— —_ Note: Amounts on this sl
Slide 12: 2023 CapEx Forecast
2023 CapEx Forecast SAVE Infrastructure Rider $ 6.6 Utility Maintenance 6.3 Customer Growth & 55 System Expansion . RNG Project 3.2 Total $21.6
Slide 13: Earnings Per Share Analysis
Earnings Per Share Analysis $1.05 $1.01 $1.00 $0.95 $0.91 $0.90 Implied Dividend Payout Ratio: 08s 86.8% $0.80 $0.87 fa 90.8% $0.75 $0.70 2022 Underlying 2023 Forecast a mEPS Range —_
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