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Company Conference Presentation – Dominion Resources, Inc.

Dominion Resources, Inc. · Feb 11, 2014 · 23 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Company Conference Presentation – Dominion Resources, Inc. – slide 1
    Investor Meetings February 2014
  2. Company Conference Presentation – Dominion Resources, Inc. – slide 2
    Todays Agenda 2014 Earnings Guidance Strategic Initiatives Dominion Growth Plan Cove Point LNG Export and MLP Investment Consideration Please refer to page 2 for risks and uncertainties related to projections and forward…
  3. Company Conference Presentation – Dominion Resources, Inc. – slide 3
    2014 Earnings Guidance 4
  4. Company Conference Presentation – Dominion Resources, Inc. – slide 4
    2014 Operating Earnings Guidance 3.65 4th Quarter 2014 Drivers Drivers Return to normal weather 3.35 0.10 hurt in 2013 3.25 Regulated electric sales and riders Lower effective tax rate Higher depreciation, O&M, and interest…
  5. Company Conference Presentation – Dominion Resources, Inc. – slide 5
    Financing Formed Dominion Gas Holdings, LLC 2014 Debt Plan Allows for financing on better terms 400m Plan to issue additional 1.0 billion in Dominion 2014 Resources Plan to issue 400m at DRI in 2014 750m 1.5b Recently issued…
  6. Company Conference Presentation – Dominion Resources, Inc. – slide 6
    Hedged Power Update Millstone Hedge 2014 2015 2016 Position 92% 81% 23% 65.72 59.67 56.80 53.66 54.09 52.03 51.50 49.29 /MWH 2013 2014 2015 2016 NEPOOL Baseload Avg. Hedge Price NEPOOL ATC Power Price 2014 Sensitivity to…
  7. Company Conference Presentation – Dominion Resources, Inc. – slide 7
    Strategic Initiatives 8
  8. Company Conference Presentation – Dominion Resources, Inc. – slide 8
    Strategic Initiatives Expect to grow portfolio of contracted solar projects by nearly 250 MWs In active discussions with multiple parties and expect projects to come on line in both 2014 and 2015 Builds on current portfolio of 42…
  9. Company Conference Presentation – Dominion Resources, Inc. – slide 9
    Growth Plan Update 10
  10. Company Conference Presentation – Dominion Resources, Inc. – slide 10
    Growth Plan Continues Planned growth capital (billions) 13.7 - 14.1 billion Diverse plan with growth across all business units Average annual spend of 3.4 - 3.8 2.8 billion 2.1 1.9 3.4 1.4 3.0 0.9 2.2 1.7 0.5 4.8 1.0 3.7…
  11. Company Conference Presentation – Dominion Resources, Inc. – slide 11
    Dominion Generation 2014 2018 2013 2014 2015 2016 2017 2018 Biomass Conversions 3.4 billion* planned growth Bremo Conversion capex 2014-2018 Warren County Brunswick County (artist rendering) Solar Projects Brunswick County…
  12. Company Conference Presentation – Dominion Resources, Inc. – slide 12
    Electric Transmission 2014 2018 2013 2014 2015 2016 2017 2018 Cannon Branch - Cloverhill Mt. Storm - Doubs 3.2 billion planned growth capex Dooms - Bremo 2014-2018 Cloverhill - Liberty Skiffes Creek 650m average annual growth…
  13. Company Conference Presentation – Dominion Resources, Inc. – slide 13
    Dominion Energy 2014 2018 2013 2014 2015 2016 2017 2018 Sabinsville to Morrisville Tioga Area Expansion 5.5 5.9 billion planned growth capex Marcellus Farmout 2014-2018 Allegheny Storage Western Access Producer Outlet…
  14. Company Conference Presentation – Dominion Resources, Inc. – slide 14
    Dominion Energy Producer Outlet Projects Incremental firm transportation services with shorter lead times and minimal capital investment Projects beginning in 2014 1. 10-year agreement with Gulfport Energy for 100,000 dth/d 2.…
  15. Company Conference Presentation – Dominion Resources, Inc. – slide 15
    Blue Racer JV 1,200 Natrium I repairs are complete Permitted Utica Well 1,000 Status Blue Racer has entered in to 800 of Wells long-term acreage dedications Drilled with many leading Utica 600 producers 400 Producing…
  16. Company Conference Presentation – Dominion Resources, Inc. – slide 16
    Cove Point LNG Export & MLP 17
  17. Company Conference Presentation – Dominion Resources, Inc. – slide 17
    Cove Point LNG Export Key Milestones Key Milestones Date Status DOE Export to FTA Countries October 2011 Approved FERC Pre-Filing June 2012 Completed Ruling in favor of Dominion; Declaratory Judgment with Sierra Club January…
  18. Company Conference Presentation – Dominion Resources, Inc. – slide 18
    MLP Update DRI Va. Power Dominion Gas MLP Dominion Hope** Dominion Cove Point Blue Racer JV* East Ohio Up to 1 billion of EBITDA Dominion Transmission Additional 1 billion of eligible EBITDA Iroquois Pipeline* *Dominions…
  19. Company Conference Presentation – Dominion Resources, Inc. – slide 19
    Investment Consideration 20
  20. Company Conference Presentation – Dominion Resources, Inc. – slide 20
    Growth in Dividends 7% increase for 2014 2.40 Target 2.25 1.97 2.11 payout of 1.83 65-70% of operating Dividend Per earnings Share 2010 2011 2012 2013 2014* 2015 and beyond * All dividend declarations are subject to…
  21. Company Conference Presentation – Dominion Resources, Inc. – slide 21
    Summary 2014 operating earnings guidance range of 3.35-3.65 per share supports 5-6% growth over 2013 14 billion infrastructure investment plan in place to support long- term earnings per share growth and annual dividend growth…
  22. Company Conference Presentation – Dominion Resources, Inc. – slide 22
    Visit our website at www.dom.com/investors.
  23. Company Conference Presentation – Dominion Resources, Inc. – slide 23
    GAAP Reconciliation 2013 Earnings Earnings Per Share (diluted) Reconciliation of measures prepared in accordance with Generally Accepted Accounting Principles (GAAP) versus non-GAAP measures The net effects of the following items, all…

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