UGI Corporation · NYSE:UGI
UGI — Shareholder Meeting (January 2018)
11 slides from UGI's shareholder meeting presentation, Jan 25, 2018
Slide 1: Annual Meeting of Shareholders
Annual Meeting of Shareholders January 25, 2018
Slide 2: A Year of Recognition
A Year of Recognition ✓ Ranked among Fortune 500 for 13th time ✓ Top 15% in 10-year total shareholder return ✓ Top 10% among 54 energy companies in 10-year total shareholder return ANNUAL MEETING | JANUARY 25, 2018 2
Slide 3: A Year of Record Results
A Year of Record Results ✓ Record GAAP EPS ✓ Record Adjusted EPS1 ✓ Record capital expenditures $2.29 $2.01 $1.61 Adjusted EPS1 2013 2015 2017 1 Adjusted EPS is a Non-GAAP financial measure. See Item 6 of the UGI Corporation Annual Report on Form 10-K for the ANNUAL MEETING | JANUARY 25, 2018 fiscal
Slide 4: Executing Our Strategy
Executing Our Strategy Strategy Execution 1. Be the preferred provider in all Adding customers, focusing on the customer markets experience, enhancing our brands 2. Capitalize on synergies and leverage Expanding into gas and power marketing in strengths Europe, investing in technology, growing fee-
Slide 5: A Year of Accomplishment: Midstream & Marketing
A Year of Accomplishment Midstream & Marketing ✓ Completed construction of Sunbury pipeline under budget and ahead of schedule ✓ Completed construction of Manning LNG facility; placed into service in July ✓ Began construction of Steelton LNG vaporization and storage facility ✓ PennEast received FERC
Slide 6: A Year of Accomplishment: UGI Utilities
A Year of Accomplishment UGI Utilities ✓ Executed a record $318 million of capital investment ✓ Added over 14,000 residential heating and commercial customers ✓ Successfully concluded rate case for PNG ✓ Implemented new CIS system that will improve customer service ✓ Began construction on pipeline t
Slide 7: A Year of Accomplishment: AmeriGas Propane
A Year of Accomplishment AmeriGas Propane ✓ Increased distribution for the 13th consecutive year ✓ ACE and National Accounts programs delivered record operating results ✓ Completed five tuck-in acquisitions ✓ Extended average maturities and lowered average -6.1% rates on long-term debt by more than
Slide 8: A Year of Accomplishment: UGI International
A Year of Accomplishment UGI International ✓ Adjusted EPS1 up 159% over past three years ✓ Acquired energy marketer DVEP in the Netherlands ✓ Continued to build-out marketing business in France, Belgium, and the U.K. ✓ Entered Italian market with UniverGas acquisition -6.1% -11.7% -13.7% -30.0% -21.
Slide 9: Investment Yielding Results
Investment Yielding Results 20% 5 Year Total Return 15% • Successfully invested $9.1 billion from 2000-2017 to build 10% 5% our current business portfolio 0% • Expanded legacy Utility and AmeriGas businesses UGI S&P 500 S&P 400 S&P 500 Utilities Midcap • Rapidly grew Energy Services and UGI Internat
Slide 10: Positioned for Continued Growth
Positioned for Continued Growth • Marcellus infrastructure gap driving Midstream & Marketing Investment • UGI LNG capacity doubled in past 3 years • Texas Creek gathering system is natural extension of our existing midstream assets • Fee-based margin growing • $1.2 billion Utility capital investment
Slide 11: Thank you
Thank you