Rgc Resources Inc. · NASDAQ:RGCO
Rgc Resources — Q3 2024 Earnings Presentation
17 slides from Rgc Resources's earnings presentation, Aug 7, 2024
Slide 1: Q3 2024 Earnings Call
Q3 2024 Earnings Call August 7, 2024
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 Q Operational and Financial Highlights OQ MVP Q Fiscal 2024 Q Rate Case Q Outlook Q Questions
Slide 4: MVP
MVP Q June in service Q Q Completing restoration Both Roanoke Gas interconnects are operational Gas flowing in Franklin County; first customer to be connected soon
Slide 5: MVP
Slide 6: MVP LaFayette Interconnect
MVP LaFayette Interconnect
Slide 7: Customer and Infrastructure Growth
Customer and Infrastructure Growth YTD Expansion YTD Renewal 1.5 miles main 3.1 miles main 478 services 319 services
Slide 8: QTD Gas Volumes
QTD Gas Volumes DTHs Delivered 032024 = mQ3 2023, ‘Thousands Residential Commercial Industrial Q3 2024 vs Q3 2023 Total Volumes (6%) Commercial & Industrial Volumes (3%) Heating Degree Days (39%)
Slide 9: YTD Gas Volumes
YTD Gas Volumes DTHs Delivered YTD 032024 MYTD Q3 2023 Residential Commercial Industrial Q2 2024 vs Q2 2023 Total Volumes (1%) Commercial & Industrial Volumes 1% Heating Degree Days (6%)
Slide 10: Roanoke Gas YTD CapEx
Roanoke Gas YTD CapEx $25.0 $20.0 Customer $15.0 Growth & System e Expansion 2 $3.9 = $10.0 SAVE Rider oe A ipgrades $5.0 % $2.7 $0.0 $2.8 million or 14.4% decrease
Slide 11: Consolidated Financial Results
Consolidated Financial Results For the periods ended June 30, (Presented in thousands, except per share data) [three Months Ended Year to Date | 2024 | 2023 2024 [| —2023—S «=| Operating revenues $ 14458 $ 13,660]$ 71,537 $ 84,972 Operating expenses 12,901 11,862 54,698 68,038 Operating income 1,557
Slide 12: Regulatory Update
Regulatory Update Rate Case Q _$4.33M additional revenue (annual) began in July, subject to refund Q Proposed 10.35% ROE, with a 59% equity ratio Q 5-year Depreciation Study complete Q Expect resolution in Q2 of fiscal 2025 Riders Q SAVE Rider Q_ RNG Rider Qa Expect resolution in September 2024
Slide 13: Outlook
Outlook Q Roanoke Gas Capital Q EPS 2024 Q Preliminary 2025
Slide 14: 2024 CapEx Forecast
2024 CapEx Forecast SAVE & Renewals Utility Upgrades Customer Growth & System Expansion MVP Growth Total <q
Slide 15: Earnings Per Share
Earnings Per Share $1.20 $1.16 $1.14 1.14 2 Dividend Payout Ratio: $1.08 69% $1.02 $1.12 71% $0.96 $0.90 2023 Actual 2024 Forecast WEPS Range
Slide 16: 2025 Drivers
2025 Drivers Rate case Expect to manage costs Interest rates trending favorably Expect RGC Midstream to contribute slightly to income Q Cap Ex similar to 2024 Q Consistent dividend payout ratio Pee ec Oo
Slide 17: —-) GO
—-) GO