Unitil Corporation · NYSE:UTL
Unitil — American Gas Association Financial Forum 2025
17 slides from Unitil's conference presentation, May 19, 2025
Slide 1: American Gas Association Financial Forum
American Gas Association Financial Forum Thomas P. Meissner Chairman and Chief Executive Officer May 19, 2025
Slide 2: Forward-Looking Statements and Use of Non-GAAP Measures
Forward-Looking Statements and Use of Non-GAAP Measures This presentation contains “forward-looking statements” including within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included in th
Slide 3: About Unitil
About Unitil Pure play regulated utility creating long-term sustainable value Local distributor of electricity and natural gas in attractive service areas along the New Hampshire and Maine Seacoast • Fully regulated electric and gas operations • Growing customer base supported by strong regional eco
Slide 4: Compelling Value Proposition
Compelling Value Proposition Driving sustainable growth through a disciplined, regulated strategy 5% - 7% 5% - 7% 8% - 10% Annual EPS Growth Annual Dividend Growth Annual Total Return(1) Long Term Guidance Aligned with EPS Growth Price Appreciation Plus Dividend $1 Billion 6.5% - 8.5% 17% - 19% 5-Ye
Slide 5: Delivering on our Commitments
Delivering on our Commitments Strong financial, operational and strategic execution Record Financial Results Operational Excellence Robust Long-Term Outlook Record Net Income of $47.1 million Top-ranked customer satisfaction Long-term guidance of 5% - 7% or $2.93 per share in the eastern
Slide 6: Exceptional Customer Service
Exceptional Customer Service Customer satisfaction remains well above regional and national peers 90 % OVERALL CUSTOMER SATISFACTION 2 ND OUT OF 118 UTILITIES Having Friendly Employees 1 ST OUT OF 8 NORTHEAST UTILITIES 4 TH OUT OF 121 UTILITIES Having Knowledgeable and Well-trained Employees 1 ST OU
Slide 7: Operational Excellence
Operational Excellence Consecutive years of outstanding electric reliability and gas emergency response Top Quartile Electric Reliability Three consecutive years of top quartile electric service reliability Best-in-Class Gas Emergency Response Ranked among the top companies in the nation for gas Ele
Slide 8: Corporate Sustainability
Corporate Sustainability Sustainability and Responsibility are core elements of Unitil’s Respect, Integrity, Stewardship, Excellence values Kingston Solar Array Climate Our solar facility in Kingston, New Hampshire is 2025 Project of the Year the largest solar energy project in the state of Energy C
Slide 9: Significant Organic Investment Opportunities
Significant Organic Investment Opportunities Increasing capital investment to expand, upgrade and modernize utility infrastructure Actual and Forecast Capital Investment Consolidated Rate Base(2) Five-year capital investment of approximately $1 billion $1,200 7.1% CAGR ~7.7% increase over previous 5
Slide 10: Maine Gas Acquisitions
Maine Gas Acquisitions Tuck-in acquisitions at attractive valuations complement existing gas operations in Maine Acquisition Rationale Maine has the highest percentage of homes heated with fuel oil in the nation Supports Long-Term Growth 2.8% • 15,000 new natural gas customers 8.1% 8.6% • Attractive
Slide 11: Aquarion Water Acquisition
Aquarion Water Acquisition Opportunity to expand into a complementary regulated utility service at an attractive valuation • Eversource Energy is selling 100% of the equity in Aquarion Company and its subsidiaries to the Aquarion Water Authority (AWA), a subdivision of the State of Connecticut and a
Slide 12: Strategic Rationale
Strategic Rationale Complementary utility operations add scale and diversification supporting long-term growth Opportunity to acquire high quality water systems at an attractive Expands valuation Utility Platform Complementary to existing utility operations and service company; opportunities for
Slide 13: Acquisitions Enhance Growth Profile
Acquisitions Enhance Growth Profile Recently announced acquisitions are expected to be earnings accretive over the long-term Long-Term Guidance Accelerating Rate Base Growth(2) EPS Growth 5.0% - 7.0% $2.0 Rate Base Growth 6.5% - 8.5% (1) Total Shareholder Return 8.0% - 10.0% $1.5 Billions 5-Year Out
Slide 14: Strong Credit Metrics Provide Financing Flexibility
Strong Credit Metrics Provide Financing Flexibility Financing plan will maintain investment grade credit ratings Financing Considerations Strong Credit Metrics • Strong credit metrics, well above downgrade thresholds, provide Peer Forward Looking flexibility for raising equity capital Unitil Average
Slide 15: Sustainable Dividend Growth
Sustainable Dividend Growth A sustainable and growing dividend is a key element of our investor proposition Earnings Per Share Growth Dividend Growth Aligned With EPS Annualized Dividend $1.80 Per Share Expected Earnings Expected Dividends Steady, Predictable Shareholder Return 5% - 7% 5% - 7% Per S
Slide 16: Key Elements of Unitil's Value Proposition
Key Elements of Unitil’s Value Proposition Delivering consistent results through a reliable, regulated strategy 8%-10% Expected Annual Total Shareholder Return (1) 5%-7% 6.5%-8.5% $980 million 55%-65% 17%-19% Cost Net Zero Expected Annual EPS Growth Expected Annual Utility Rate Base Growth Planned E
Slide 17: Thank You!
Unitil Corporation Thank You! 6 Liberty Lane West Hampton, NH 03842-1720 1-888-301-7700 www.unitil.com NYSE Ticker: UTL Investor Relations unitil.com/investors 800-999-6501 InvestorRelations@unitil.com SLIDE 17
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