The York Water Company · NASDAQ:YORW
The York Water — York Water — Investor Presentation (March 2022)
27 slides from The York Water's investor presentation, Mar 31, 2022
Slide 1: The York Water Company Investor Presentation Spring 2022
The York Water CompanyInvestor Presentation Spring 2022
Slide 2: Presenters: JT Hand and Matthew E. Poff
JT Hand,President and Chief Executive Officer Matthew E. Poff,Chief Financial Officer 2
Slide 3: Matthew E. Poff, Chief Financial Officer
Matthew E. Poff, Chief Financial Officer 3
Slide 4: Forward-looking statements
4 Certain statements contained in this investor presentation constitute “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934 and Section 27A of the Securities Act of 1933. Words such as "may," "should," "believe," "anticipate," "estimate," "expect," "
Slide 5: The York Water Company Profile and Key Metrics
The York Water Company PROFILE(1)Established February 23, 1816, Oldest Investor- Owned Utility in the United StatesEstimated Population Served 204,000Customers (Connections) 73,144Employees 110Nasdaq Global Select Market YORWConsecutive Dividends 206 Years KEY METRICS(2)as of March 25, 2022Stock Pri
Slide 6: Current Footprint
Current FootprintYork County, PAAdams County, PAFranklin County, PA 6
Slide 7: Customers
Customers 7 Source: Company SEC Filings – 10-K
Slide 8: Operating Revenues (in Millions)
Operating Revenues (in Millions) 8 Source: Company SEC Filings – 10-K
Slide 9: Revenues by Class (in Thousands)
Revenues by Class(in Thousands) 9 $51,578 $53,852 $55,119 Source: Company SEC Filings – 10-K
Slide 10: Net Income (in Millions)
Net Income(in Millions) 10 Source: Company SEC Filings – 10-K
Slide 11: Construction Expenditures (in Millions)
Construction Expenditures(in Millions) hi 11 Source: Company SEC Filings – 10-K
Slide 12: JT Hand, President and Chief Executive Officer
JT Hand,President and Chief Executive Officer 12
Slide 13: Construction expenditures in 2021
Construction expenditures in 2021 included routine items, an upgrade to the enterprise software system, and an elevated water tank, as well as various replacements and improvements to infrastructure 13 Source: Company SEC Filings – 10-K Current Future Renderings 14 Source: Company SEC Filings – 10-K
Slide 14: Sha:
ty Sha: TE ee ee, Source: Company SEC Filings - 10-K
Slide 15: Lake Williams Dam Renovation Project
Lake Williams Dam Renovation ProjectPreliminary Site Construction Activities for Access Road 15
Slide 16: Board Leadership Transition
“I’m very excited, and very honored, to be leading the board. I think it’s great to have a woman at the helm. But, it’s equally important to me that I am judged by my abilities and not just the fact that I am female.” – Cynthia Dotzel, CPA Board Leadership Transition 16
Slide 17: The York Water Company's Board of Directors
The York Water Company’s Board of Directors Nasdaq reviewed dozens of empirical studies and found that an extensive body of academic research demonstrates that diverse boards are positively associated with improved corporate governance and financial performance.
Slide 18: Shareholder Value
Shareholder Value January 24, 2022The York Water Company’s 605th Dividend Declared Over 200 years of consecutive dividends.Dividends increased for 25 consecutive years.Celebrating over 21 years listed on NASDAQ. Photo courtesy of NASDAQ. Earnings Per Share Common Stock Dividends 18 Source: Company S
Slide 19: Growth and Acquisition Landscape
Growth and Acquisition Landscape 19
Slide 20: Amblebrook Water and Wastewater Systems
“In York Water, we have found a top-rated utility provider that understands the business of water and wastewater operations,” said Pete Martin, Community Development Manager for CCD Rock Creek. “It was important that we found an owner with a longstanding reputation of stable rates, quality and a pro
Slide 21: Letterkenny Township Wastewater System
Letterkenny Township Wastewater SystemFranklin County Letterkenny Township Municipal Authority Chairman Charles Myers acknowledged the collaborative relationship between the Authority and York Water. “From the outset of our discussions, we knew that York Water was the right partner for Letterkenny T
Slide 22: West Manheim Township wastewater acquisition
22 “While I joined West Manheim Township midway through this transaction, I’ve been impressed with York Water’s advocacy for the township’s residents, and in particular addressing the surcharge assessed by Penn Township on West Manheim residents. We’re experiencing continued growth in the township,
Slide 23: Geographic Expansion and Future Acquisitions
Geographic Expansion and Future Acquisitions 23 The York Water Company is continuously pursuing water and wastewater acquisitions in and around its service territory to grow its business. We expect to acquire three water systems and four wastewater systems in 2022 contingent upon receiving approval
Slide 24: Climate-ready utility
Climate-ready utility 2018 CREAT Exercise Sampling completedInvolved in organizations that monitor guidelines and requirements regarding these contaminants. Contaminants of Concern 24
Slide 25: Customer/Community Assistance During a Global Pandemic
Customer/Community Assistance During a Global Pandemic York Water Cares Program (YWC)YWC is a program which provides limited funding, which is payable through community agencies, to those who need help paying their York Water Company water bill. $60,000 has gone to customers in need over the last th
Slide 26: Questions and key metric definitions
We will now take the time to answer any questions. 26 27 Debt / Equity Ratio: The Company’s total long-term debt as a percentage of the total capitalization, defined as total common stockholders’ equity plus total long-term debt as of December 31, 2021.Return on Equity: The Company’s net income for
Slide 27: Exhibit: Reconciliation of Key Statistics
Exhibit: Reconciliation of Key Statistics Debt / Equity Ratio: The Company's total long-term debt as a percentage of the total capitalization, defined as total common stockholders’ equity plus total long-term debt as of December 31, 2021. Return on Equity: The Company’s net income for the year ended