Slide 1: Annual Meeting of Shareholders
Annual Meeting of Shareholders
Slide 2: About This Presentation
About This Presentation This presentation contains certain forward-looking statements that management believes to be reasonable as of today’s date only. Actual results may differ significantly because of risks and uncertainties that are difficult to predict and many of which are beyond management’s
Slide 3: A Very Strong Year
A Very Strong Year • Continuing to Deliver • Record Earnings Despite Challenging Weather • Positive Impact of Growth Investments UGI Corporation | Annual Meeting of Shareholders 3
Slide 4: A Stronger Business
A Stronger Business Comparable weather to 2012 64% higher Adjusted EPS1 in 2016 $2.50 $2.05 $2.00 $1.50 $1.25 $1.00 $0.50 $- FY12 FY16 Record Results Despite Very Warm Year 15.3% 1Adjusted EPS is a non-GAAP measure. See appendix for reconciliation. UGI Corporation | Annual Meeting of Shareholders 4
Slide 5: Superior Annualized Returns
Superior Annualized Returns One Year Ten Years (annualized) UGI 32.9% UGI 14.0% S&P 500 15.3% S&P 500 7.2% S&P 500 Utilities 17.3% S&P 500 Utilities 7.9% S&P 400 Midcap 15.3% S&P 400 Midcap 9.1% UGI Corporation | Annual Meeting of Shareholders 5
Slide 6: A Year of Recognition
A Year of Recognition Ranked by Barron’s Named by Platts as one Ranked by Public Utilities among the Barron’s 500 of “Top 250 Global Fortnightly among its “40 Best list of top performing Energy Companies” Energy Companies” companies UGI Corporation | Annual Meeting of Shareholders 6
Slide 7: A Very Productive Year
A Very Productive Year Midstream & Marketing Began construction of Sunbury Pipeline and Manning LNG liquefaction facility PennEast moving through regulatory process Making several investments to support LNG demand UGI Utilities Filed and concluded UGI Gas base rate case adding $27 million in
Slide 8: A Very Productive Year
A Very Productive Year AmeriGas Completed 6 acquisitions adding ~10 million gallons ACE program added one million cylinder sales annually National account team added over 2,000 locations Increased distribution for 12th consecutive year UGI International Strong performance despite warm wint
Slide 9: Clear Path to Growth
Clear Path to Growth Infrastructure gap driven by exceptional demand for natural gas continues to provide expansion opportunities Growing LNG demand – peaking and fuel for transportation, marine, and distributed generation Utility infrastructure replacement and expansion projects Geographic
Slide 10: Summary
Summary • 2016 was a dynamic year • Record Adjusted EPS for the year despite warm weather • Collective strength of diversified businesses • Progress on Marcellus build-out and Finagaz integration • Outlook is extremely positive • Strong cash flow and balance sheet • Growth opportunities across all o
Slide 11: Appendix
Appendix
Slide 12: Adjusted EPS Reconciliation
Adjusted EPS Reconciliation Year Ended September 30, (Million of dollars, except per share amounts) 2012 2016 NON-GAAP RECONCILIATION: Adjusted net income attributable to UGI Corporation: Net income attributable to UGI Corporation 210.2 $ 364.7 Net gains on commodity derivative instruments not assoc