RESOURCES Group, Inc . Third Quarter Earnings Conference Call November 2014 Doran N. Schwartz Vice President & Chief Financial Officer
Company Management Dave Goodin President & CEO of MDU Resources RESOURCES Dave Barney President & CEO of Knife River Corporation Steve Bietz President & CEO of WBI Energy Frank Morehouse President & CEO of MontanaDakota…
RESOURCES Group, Inc . David L. Goodin President & Chief Executive Officer
Construction Materials & Services Record quarterly earnings at Materials Third Quarter Earnings (millions) Higher construction workloads and 65.1 margins, readymixed concrete margins 61.4 and volumes, and higher asphalt margins…
Outlook 824 million combined work backlog as of Sept. 30 Bidding opportunities strong and additional backlog has been secured since Sept. 30 Strengthening markets in key areas Capturing additional market share and expanding into…
Electric & Natural Gas Utilities Natural gas retail rate increases effective in late 2013 Third Quarter Earnings (millions) Rate recovery on electric environmental upgrades 0.2 (3.1) Increased natural gas retail sales volumes…
Outlook Record capital program plan to invest approximately 1.3 billion during next 5 years Expect to grow rate base by approximately 700 million, 9% compounded annually over next 5 years Expect to build 160mile, 345kV transmission…
Pipeline & Energy Services Third Quarter Earnings (millions) Higher transportation rates 5.3 5.1 Primarily result of rate case settlement Higher earnings from Pronghorn natural gas and oil midstream assets More than…
Outlook Liquid based midstream opportunities Construction of joint venture 20,000 BOPD Dakota Prairie Refinery on schedule to go online end of this year Evaluating second diesel refinery in North Dakota Anticipate increasing…
Exploration & Production Third Quarter Adjusted Earnings (millions) Increase in realized commodity derivatives 25.3 Higher income tax benefits 16.6 11% higher averaged realized gas prices More than offset by: 12% lower…
Outlook Marketing Fidelity Exploration & Production Company Continue to see attractive investment opportunities; however capital required to grow the business would compromise ability to fund the substantial opportunities at other…
Record Capital Program 4.6B 3.2B Increase Cap Ex Construction E&P 43% Regulated over next 5 years 20092013 20142018 Note: Excludes unidentified acquisitions and proposed 375mile pipeline.
Shareholder Returns Total Annualized Shareholder Returns MDU 1 Year 2% 3 Year 16% 5 Year 9% 10 Year 7% 20 Year 12% Note: At Sept. 30, 2014 RESOURCES Group, Inc . 15
2014 Earnings per Share Guidance* 1.40 to 1.50 *On Adjusted and GAAP basis as of Nov. 3, 2014
Outlook Strong performance positioned for growth Plans to market Fidelity E&P company Allow company to fund substantial opportunities at other lines of business RESOURCES including organic projects and acquisitions Pursue growth…
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