First Quarter Earnings Conference Call Regulated May 2012 MDU Resources Group, Inc. E&P Doran N. Schwartz Vice President and CFO Building A Strong America Construction 1
Company Management Dave Goodin President & CEO of Montana-Dakota Utilities Utilities, Great Plains Natural Gas, Cascade Natural Gas & Intermountain Gas Steve Bietz President & CEO of WBI Holdings John Harp CEO of Knife River…
Regulated MDU Resources Group, Inc. E&P Terry D. Hildestad President and CEO Building A Strong America Construction 4
Consolidated Results First Quarter Consolidated Results (Millions) 42 8* 42.8 35.6 Performed att the th upper range of guidance 2011* 2012 2011* 2012 EPS 0.23 0.19 * Includes the effect of an approximate 4 million…
Exploration & Production First Quarter Earnings (millions) 32% lower average realized natural ggas pprices 15% decline in natural gas production 16.3 Increased depreciation, depletion and 12.9 amortization expense Partially offset…
Outlook Texas Exploration & Production Projecting j g 20% to 30% increase in oil pproduction in 2012 Expect to invest a minimum of 400 million this year in exciting plays to create increased oil exposure Primary Areas Bakken…
Electric & Natural Gas Utilities First Quarter Earnings (millions) 36.0 Decreased natural gas retail sales 33.0 volumes Warmer weather effect of 2.6 million Lower electric retail sales volumes Higher income taxes Absence of…
Outlook Electric & Natural Gas Utilities Rate base growth Plan to invest approx approx. 915 million during next 5 years Generating approx. 370 million additional rate base 85 million 88-MW simple cycle natural gas turbine in…
Pipeline & Energy Services First Quarter Earnings (millions) 6.9 Lower storage services revenue Lower gathering volumes Higher income taxes 2 8 2.8 Ab Absence off ffavorable bl ttax bbenefit fit off 500,000 from 2011 2011…
Outlook Pipeline & Energy Services Pursuing P i opportunities t iti to t provide id oilil andd natural t l gas gathering th i andd processing i services in oil plays Proposed Bakken diesel topping plant would process 20,000…
Construction Materials & Services First Quarter Earnings (millions) Decreased loss reflects a 6.8 million i earnings iincrease att services i group Higher workloads and margins in Central 2011 2012 and Western regions Higher…
Outlook Materials & Services Reorganization g and combination of construction businesses March 31 combined backlog of 865 million - Highway paving projects, airports, bridge work, reclamation, harbor expansion, substation and line…
Earnings per Earnings per Share Share Guidance Guidance Note: As of April 30, 2012 Note: As of April 30, 2012 2012 EPS by Quarter: 2nd Quarter: approx.15% 1.00 1.00 3rd Quarter: Q t approx. 35% to 1.25 4th Quarter:…
Capital Expenditures Growth 3 7B 3.7B 2.7B Increase Cap Ex 37% next 5 years 20072011 20122016 Regulated E&P Construction Note: Excludes acquisitions. Building A Strong America M D U 16
Superior Shareholder Returns Total Annualized Shareholder Returns 10Year YTD 5% 8% 8% 3 Year 15% 8% 10 Year 4% 20 Year 12% 0% 5% 10% 15% MDU S&P 500 S&P 400 Note: At March 31, 2012 M D U 17
Regulated MDU Resources Group, Inc. E&P Building A Strong America Construction 18
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