diversified earnings -...
TRANSCRIPT
2012 Fact Sheet
INVESTMENT HIGHLIGHTS ● A fundamentally related yet diversified set of businesses mitigate risk, diversify income, and provide unique growth opportunities ● Proven strategy for achieving explicit financial goals through operational excellence, organic growth, and acquisitions ● Significant cash generation offers balanced growth and income through dividend increases and above-average earnings growth ● An unparalleled dividend track record: UGI has made uninterrupted dividend payments for 128 years and dividend increases for the past 25 consecutive years
NYSE: UGIFounded: 1882Employees: 13,300Annual dividend rate: $1.08
UGI is a distributor and marketer of energy products and services.
Regulated26%
Unregulated74%
CATEGORY
GEOGRAPHY
Europe17%
USA83%
COMMODITIES
Gas & Electric56%
Propane44%
BUSINESSESMidstream, Marketing & Generation30%
Utilities26%
InternationalPropane17%
AmeriGas Propane27%
Through subsidiaries, UGI operates natural gas and electric utilities in Pennsylvania, distributes propane both domestically and internationally, manages midstream energy and electric generation assets in Pennsylvania, and engages in energy marketing in the Mid-Atlantic region. UGI, through subsidiaries, is the sole General Partner and owns 26% of AmeriGas Partners, L.P. (NYSE:APU), the nation’s largest retail propane distributor.
EXPLICIT FINANCIAL GOALS
● Grow EPS 6% to 10% on average● Increase dividends 4% per year● Generate $100MM+ of investable cash● Maintain dividend payout ratio in the range of 35% to 45%
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UGIC O R P O R AT I O N
$2.50
$2.00
$1.50
$1.00
$0.50
$0.00FY03
FY04
EPS Div/sh
13.0%10 Yr CAGR
7.3%10 Yr CAGR
LONG - TERM TRACK RECORD
FY05
FY06
FY07
FY08
FY09
FY10
DIVERSIFIED EARNINGS
UGI has paid dividends for 128 years and has 25 consecutive years of dividend increases.
FY11
FY02
UGI Corporation ● PO Box 858, Valley Forge, PA 19482 ● Simon Bowman, Manager, Investor Relations & Treasury ● (610) 768-3645 ● [email protected]
GAS & ELECTRICPROPANE
Regulated Utilities
• Pennsylvania’s largest gas utility serving 45 of Pennsylvania’s 67 counties
• Attractive and growing service area (customer growth of 1-2% annually)
• Positioned to benefit from Marcellus Shale supply developments
Midstream & Marketing
• Commodity marketing business supplying over 100 bcf of gas and 2 MM MWhrs of power to 40,000 commercial and industrial users throughout the Mid-Atlantic region
• Midstream business includes natural gas peaking facilities, storage assets, and pipelines
• Electric generation assets include coal, natural gas, landfill gas, and solar power
• Key projects include over $300 million in natural gas storage and transportation assets to leverage UGI’s existing infrastructure and build a significant midstream business in the Marcellus Shale area
Domestic
International
Diversified Businesses Contribute to Earnings and Cash Flow Generation While Mitigating Risk
U T I L I T I E S , I N C .
• The nation’s largest retail propane marketer, serving over two million customers in all 50 states from over 2,000 locations.
• Leading provider in a highly fragmented market provides unmatched geographic coverage, end-use diversity, and purchasing advantage
• Strong track record of acquisition integration and distribution increases
• Leading LPG distributor in Central, Eastern and Northern Europe
• Operations in 11 countries
UGI Corporation ● PO Box 858, Valley Forge, PA 19482 ● Simon Bowman, Manager, Investor Relations & Treasury ● (610) 768-3645 ● [email protected]
• Leading retail LPG distributor in France with a market share greater than 20%
• Market leader in Belgium, Luxembourg, and Netherlands
• Leading LPG distributor in the U.K.
• Established in 2011 through the acquisition of Shell Gas UK (LPG)