Slide 1: Annual Meeting of Shareholders
Exhibit 99.1 Annual Meeting of Shareholders Presentation by Robert G. Schoenberger Chairman, Chief Executive Officer & President April 22, 2014
Slide 2: Safe Harbor Provision
Safe Harbor Provision This presentation contains “forward-looking statements” made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements regarding Unitil Corporation’s (“Unitil”) financial condition, result
Slide 3: Our mission is to provide energy for life
Our mission is to provide energy for life—safely, reliably, cost- effectively and responsibly—to a growing number of customers with a high-performing workforce 2
Slide 4: Unitil Overview
Unitil Overview • Natural gas and electric utility with Unitil Service Areas operations in Maine, New Hampshire and Massachusetts • Serving approximately 180,000 gas and electric customers • Sales margin split evenly between gas and electric utility operations • Regulated T&D utility business model
Slide 5: Financial Highlights
Financial Highlights Gas & Electric Sales Margin • Robust business fundamentals ($ in millions) • Favorable natural gas prices $200 • Improving economy 10% $161 • Strong demand for natural gas $160 $148 $136 $120 $110 $117 • Gas distribution system growth $80 • Gas expansion plan • Infrastructure re
Slide 6: Stock Performance
Stock Performance • Unitil has had a total return of 22% versus S&P 500 at 19% and Dow Jones Utilities at 5% in the last twelve months ended March 31, 2014 • Current annual dividend of $1.38 or 4.2% yield Total Return (Last Twelve Months) 30% 20% 10% 0% -10% Mar-13 Jun-13 Sep-13 Dec-13 Mar-14 Pricin
Slide 7: Rate Relief Overview
Rate Relief Overview • Approximately $37 million of rate relief achieved through end of 2013 • Achieved additional rate relief from gas base rate cases for Northern Maine and New Hampshire divisions of $3.8 million and $4.6 million, respectively • Favorable cost tracker mechanisms will result in ong
Slide 8: Capital Budget and Rate Base
Capital Budget and Rate Base • Total capital budget of $91 million 2014 Capital Budget $91 million in 2014 ($ in millions) Gas Distribution • Expect to double gas distribution Expansion $23 Electric Distribution rate base Expansion $12 • Plan to grow gas rate base to Gas & Electric Other Information
Slide 9: Gas Advantage
Gas Advantage • Natural gas offers customers best choice of value in terms of efficiency, convenience and cost • On a retail-delivered basis, natural gas is approximately 50% the cost of retail fuel oil • Typical residential customer saves on average ~$1,500 / year with natural gas • Serving 76,000
Slide 10: Gas Growth
Gas Growth • Identified more than 50,000 potential new customers who are “on-the-main”, but not currently taking gas service • On-the-main penetration rate of under 60% • Gas customer additions significantly increasing since 2008 acquisition of Northern Utilities • Added and converted 8,200 natural
Slide 11: Infrastructure Replacement
Infrastructure Replacement • Expected to replace and upgrade ~13 miles of pipe annually through 2017 • Approximately 7 miles annually thereafter (2018-2024) • New Hampshire replacement and upgrades completed by 2017 • Majority of infrastructure replacement and upgrades recovered annually through cap
Slide 12: Storm Resiliency
Storm Resiliency • Making substantial investments in electric distribution system to meet customers’ growing needs for reliable electric energy • Since 2010, vegetation management spending has increased five-fold to over $6 million annually • Developed industry leading storm resiliency program to he
Slide 13: Substation Projects
Substation Projects • Construction of two major substations in New Hampshire beginning in 2014 • Provides capacity to meet forecasted load growth in New Hampshire • Enhances reliability and addresses capacity constraints at existing substations • Kingston Project • Kingston, NH (Seacoast Region) • C
Slide 14: Usource
Usource • Manages over $660 million annually in Competitive Energy Markets electric and gas energy contracts in 18 Connecticut Minnesota states Delaware New Hampshire Florida New Jersey • Serves over 1,200 customers Georgia New York • High customer retention rates Illinois Indiana Ohio Oklahoma • 20
Slide 15: Liquidity Profile
Liquidity Profile • Entered into new credit facility effective Capitalization October 4, 2013 ($ in millions) December 31, • Increased borrowing availability from $60 2013 million to $120 million Long-Term Debt, Less Current Portion $284.8 Preferred Equity 0.2 • Five year term Common Equity 265.0 •
Slide 16: Key Investment Highlights
Key Investment Highlights • Regulated local distribution utility business model • Diversified natural gas and electric sales • Growing operations and customer base • Regulated rate base growth • Strong natural gas system expansion • Growing Usource contribution • Historic dividend stability • Experi