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 Operational and Financial Highlights 2023 Outlook Questions 2
Slide 4: Customer Growth
Customer Growth 62,000 total customers 6.9 miles main 664 services 3
Slide 5: Q4 Gas Volumes
Q4 Gas Volumes DTH Delivered 1,000 Q4 2022 Q4 2021 800 Thousands 600 400 200 - Residential Commercial Industrial 2022 vs 2021 Total Volumes 14% Commercial & Industrial Volumes 17% 4
Slide 6: YTD Gas Volumes
YTD Gas Volumes DTH Delivered 3,900 YTD 2022 YTD 2021 3,700 Thousands 3,500 3,300 3,100 2,900 2,700 Residential Commercial Industrial 2022 vs 2021 Total Volumes 4% Residential (5%) Commercial & Industrial 10% Heating Degree Days (6%) 5
Slide 7: Consolidated Financial Results
Consolidated Financial Results 6
Slide 8: Consolidated Underlying Financial Results
Consolidated Underlying Financial Results 7
Slide 9: Roanoke Gas YTD CapEx
Roanoke Gas YTD CapEx $30.0 $25.0 Customer $20.0 Growth & System Expansion $7.2 RNG Millions $15.0 Project 2022 $3.4 $10.0 2021 Other SAVE Rider $5.0 Capital $10.9 $4.0 $0.0 $5.5 million or 27.5% increase 8
Slide 10: 2023 Outlook
2023 Outlook RNG Rate Case Capital Earnings 9
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
Slide 12: 2023 CapEx Forecast
2023 CapEx Forecast 25% 15% SAVE Infrastructure Rider $ 6.6 Utility Maintenance 6.3 Customer Growth & 31% 5.5 29% System Expansion RNG Project 3.2 Total $21.6 11
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: $0.85 86.8% $0.80 $0.87 90.8% $0.75 $0.70 2022 Underlying 2023 Forecast EPS Range 12
Slide 14: MC CSOUIrCES
CO. MC CSOUIrCES ——= 2