Uil Co. Ltd. · KRX:049520
Uil — Q3 2012 Earnings Presentation
12 slides from Uil's earnings presentation, Nov 5, 2012
Slide 1: 3Q 2012 Earnings Presentation
Exhibit 99.2 3Q 2012 Earnings Presentation November 6, 2012
Slide 2: Note to Investors
Note to Investors Certain statements contained herein, regarding matters that are not historical facts, are forward-looking statements (as defined in the Private Securities Litigation Reform Act of 1995). These include statements regarding management’s intentions, plans, beliefs, expectations or for
Slide 3: 2012 Earnings Highlights
2012 Earnings Highlights q 3Q ‘12 net income of $15.7M - 29% increase compared to 3Q ’11; YTD ‘12 net income of $74.8M was below YTD ‘11 levels mainly due to warmer weather in the first six months of ‘12 q YTD ‘12 pre-tax earnings from UI’s equity investment in GenConn of $11.8M, compared to $8.2M Y
Slide 4: Gas Conversions
Gas Conversions q Converted 8,919 customers YTD Oct. ’12, compared to 5,740 YTD Oct. ‘11 - a 55% increase over the same period in ‘11 q 2011-2013 target is to convert 30,000-35,000 heating customers to gas § 2012 goal is to convert approximately 10,200 customers § Converted approximately 8,300 custo
Slide 5: Gas Conversions - cont.
Gas Conversions - cont. q Consumer interest in converting remains strong § Financing options have been expanded to assist customers with up-front conversion costs § Natural gas supply prices are low and projected to remain low for the foreseeable future § Delivered natural gas price for heating cust
Slide 6: Service Territory Economic Update
Service Territory Economic Update q Seasonally adjusted unemployment rates as of September 2012(1) § CT - 8.9% § MA - 6.5% § National - 7.8% q Unemployment rates in the largest service areas and cities as of September 2012(2) § Bridgeport labor market areas (LMAs) 7.6%, (City of Bridgeport 12.3%) §
Slide 7: 3Q & YTD 2012 Financial Results by Business
3Q & YTD 2012 Financial Results by Business Net Income ($M) 3Q ‘12 vs. 3Q ‘11 YTD ‘12 vs. YTD ‘11 7
Slide 8: 3Q & YTD 2012 Financial Results - Details
3Q & YTD 2012 Financial Results - Details q 3Q ‘12 consolidated earnings of $15.7M or $0.31 per diluted share, compared to 3Q ‘11 earnings of $12.2M or $0.24 per diluted share - an increase of $3.5M or 29% q YTD ‘12 consolidated earnings of $74.8M or $1.46 per diluted share, compared to YTD ‘11 earn
Slide 9: 3Q & YTD 2012 Financial Results - Details
3Q & YTD 2012 Financial Results - Details Gas distribution q 18% decrease in net income for the 3Q ’12, compared to 3Q ‘11; 40% decrease in net income YTD ’12, compared to YTD ‘11 § The decrease in net income for the 3Q ‘12 was primarily due to higher uncollectible expense, partially offset by highe
Slide 10: Debt Maturities, Liquidity & Credit Ratings
1Q ‘12 Earnings Debt Maturities, Liquidity & Credit Ratings * Issuer S&P Moody’s UIL Holdings BBB (Stable) Baa3 (Stable) United Illuminating BBB (Stable) Baa2 (Stable) SCG BBB (Stable) Baa2 (Stable) CNG BBB (Stable) Baa1 (Stable) Berkshire BBB (Stable) Baa2 (Stable) Evaluating the impact of DEEP’s C
Slide 11: Reaffirming 2012 Consolidated Earnings Guidance
Reaffirming 2012 Consolidated Earnings Guidance q Reflects YTD 3Q ‘12 financial results q ‘12 goal of converting 10,200 customers to natural gas heat q Execution of capital expenditure plan at each of our regulated businesses q Focused short-term O&M cost controls at each of our regulated businesses
Slide 12: Q&A
Q&A OIL UIL HOLDINGS CORPORATION