National Fuel Gas Company · NYSE:NFG
National Fuel Gas — Investor Presentation (September 2008)
28 slides from National Fuel Gas's investor presentation, Sep 18, 2008
Slide 1: Financial Professional Presentation, Erie, Pennsylvania
Erie, Pennsylvania Financial Professional Presentation September 18th, 2008
Slide 2: Safe Harbor For Forward Looking Statements
Safe Harbor For Forward Looking Statements This presentation may contain "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995, including statements regarding future prospects, plans, performance and capital structure, anticipated capital expenditures and co
Slide 3: Important Takeaways
National Fuel Gas Company Important Takeaways Important Takeaways 5 Consistent Dividend Growth History Shareholder Return: Risk-Reward Balance Long-Term Share Price Appreciation
Slide 4: Corporate Overview
National Fuel Gas Company Corporate Overview 7
Slide 5: Business Segment Reporting
National Fuel Gas Company Business Segment Reporting 9
Slide 6: Net Plant by Segment
National Fuel Gas Company Net Plant by Segment Projected Net Plant As of September 30th, 2008 11
Slide 7: Expenditures for Long-Lived Assets
National Fuel Gas Company Expenditures for Long-Lived Assets Total includes an Elimination of $(2.4) Million of capital expenditures included in the East division of the E&P segment for the purchase of storage facilities, buildings, and base gas from the P&S segment during the quarter ended June 30,
Slide 8: Capitalization
15 National Fuel Gas Company Capitalization * Long-Term Debt includes the Current Portion of Long-Term Debt
Slide 9: Share Price Appreciation
17 National Fuel Gas Company Share Price Appreciation Price as of 8/31/08: $47.31
Slide 10: Dividend Growth
National Fuel Gas Company Dividend Growth 19 $1.30 $0.19
Slide 11: Strategic Risk-Return Balance
21 National Fuel Gas Company Strategic Risk-Return Balance NFG E&P Return Risk P&S Utility
Slide 12: Total Shareholder Return
National Fuel Gas Company Total Shareholder Return 23 Since Oil $145 July 3rd, 2008 1-Year Return 3-Year Return National Fuel Gas Company -17.89% 9.46% 71.79% E&P Comparative Group (1) -18.80% 42.39% 62.19% Utility Comparative Group (2) 3.66% 7.72% 35.69% Diversified NG Comparative Group (3) -12.78%
Slide 13: Analyst Estimates
25 National Fuel Gas Company Analyst Estimates (1) 5 - Sell Strong Buy Mean Recommendation: 2.2 (1) Mean, Low and High EPS Guidance Provided by Thomson Financial, and the 12-month average price target taken from Yahoo! Finance. This information is presented for informational purposes only, and Natio
Slide 14: Public Utilities Fortnightly Ranking
27 National Fuel Gas Company Public Utilities Fortnightly Ranked the 3rd best energy company in 2008 Based on the 3-year averages of: Profit Margin Dividend Yield FCF, ROE, ROA Sustainable Growth Consistently in the Top 10 best energy companies (2006-2008) "National Fuel Gas ... strongly positioned
Slide 15: Pipeline & Storage Segment
Pipeline & Storage Segment National Fuel Gas Supply Corporation Empire State Pipeline 29
Slide 16: Empire Connector and Storage Expansion
31 Empire Connector Expected in-service date of Nov. 1, 2008 West to East Proposed pipeline project Storage Expansion Increase Storage Capacity by 8.5 Bcf
Slide 17: Pipeline & Storage Segment Overview
Pipeline & Storage Segment Segment Overview (1) Excludes reversal of reserve for preliminary project costs of $0.06, and Discontinuance of Hedge Accounting of $0.02 33
Slide 18: Pipeline & Storage Segment Future Outlook
Pipeline & Storage Segment Future Outlook 35
Slide 19: Exploration & Production Segment
Exploration & Production Segment Seneca Resources Corporation 37
Slide 20: E&P Reserves by Region
39 West - California Provides Operating Cash Flow Reserves: 347 BCFE (71%) Gulf of Mexico Provides Short Cycle Upside Reserves: 34 BCFE (7%) 5 Recent Discoveries East - Appalachia Provides Growth Opportunities Reserves: 110 BCFE (22%) Marcellus Shale
Slide 21: Exploration & Production Segment Overview
Exploration & Production Segment Segment Overview 41 (1) Excludes gain on disposal of discontinued operations of +$1.41 and earnings from discontinued operations of +$0.18
Slide 22: Exploration & Production Segment Future Outlook
Exploration & Production Segment Future Outlook 43
Slide 23: Utility Segment
Utility Segment National Fuel Gas Distribution Corporation 45
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Slide 25: Utility Segment Overview
49 Utility Segment Segment Overview
Slide 26: Utility Segment Keys to Continued Success
51 Utility Segment Keys to Continued Success Conservation Incentive Program
Slide 27: Net Income
National Fuel Gas Company 53 Net Income: $383.2 Million 12 Months Ended June 30th, 2008
Slide 28: Contact: Investor Relations
55 National Fuel Gas Company FOR ANY FURTHER QUESTIONS OR REQUESTS, PLEASE CONTACT: James C. Welch Director, Investor Relations Phone: (716) 857-6987 E-Mail: WelchJ@natfuel.com Thank You! Reconciliation of Segment Diluted Earnings per Share to Consolidated Diluted Earnings per Share Fiscal Year 2007
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