Rgc Resources Inc. · NASDAQ:RGCO

Rgc Resources — Q1 2019 Earnings Presentation

11 slides from Rgc Resources's earnings presentation, Feb 11, 2019

  1. Slide 1: First Quarter 2019 Earnings Conference Call

    First Quarter 2019 Earnings conference call John S. D’Orazio, CEO Paul W. Nester, CFO

  2. 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

  3. Slide 3: Agenda

    Agenda  Key Operational and Financial Highlights  2019 Outlook  Questions 2

  4. Slide 4: Key Highlights

    Key Highlights  Earnings per Share (EPS):  Fiscal Q1 ended December 31: 2018 2017 Basic: $0.30 $0.28 Diluted: $0.30 $0.28 3

  5. Slide 5: Roanoke Gas Q1 Capital Expenditures

    Roanoke Gas Q1 Capital Expenditures $6.5 $5.5 Millions $4.5 Other $3.5 Capital $1.4 SAVE Rider 2018 2019 $1.4 $2.5 $1.5 Customer Growth & System $0.5 Expansion Total Capital Expenditures $2.9 $0.3 million or 6% increase 4

  6. Slide 6: Customer Growth

    Customer Growth  Over 61,600 total customers  213 new customers added Q1 2019  2.1% growth since 2015 Note: Total customers as of December 31, 2018. New customers added include 58 reactivated premises. 5

  7. Slide 7: Q1 Volume Growth

    Q1 Volume Growth Volumes Sold (DTH) 1,600 1,400 1,200 1,000 Thousands 800 600 400 200 - Residential Commercial Industrial Q1 2018 Q1 2019 2019 vs 2018 Total Volumes 5% C&I 4% 6

  8. Slide 8: Update RGC Midstream CapEx

    Update RGC Midstream CapEx  Project over 70% complete calendar $30 2018  $20 Cash investment up to $46 million  Targeted in-service late calendar 2019 ($mm) $10 $23 $17  MVP Southgate Project $6 $0 Thru 2018A 2019E 2020E Fiscal Year 7

  9. Slide 9: Consolidated Financial Results

    Consolidated Financial Results 8

  10. Slide 10: 2019 Outlook

    2019 Outlook Roanoke Gas Fiscal 2019  Capital Budget Capital Spend  24% 28% Rate Case  48% MVP Investment  Earnings SAVE Infrastructure Rider $ 6.1 Customer Growth & System Expansion 10.5 Utility Maintenance and LNG Upgrades 5.4 Total $22.0 9

  11. Slide 11: 10

    10

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