RESOURCES Group, Inc . 2014 Earnings and 2015 Guidance Conference Call February 2015 Doran N. Schwartz Vice President & Chief Financial Officer
Company Management Dave Goodin President & CEO of MDU Resources Dave Barney RESOURCES President & CEO of Knife River Corporation Steve Bietz President & CEO of WBI Energy Nicole Kivisto President & CEO of MontanaDakota…
RESOURCES Group, Inc . David L. Goodin President & Chief Executive Officer
2015 Earnings per Share Guidance Adjusted* * Excludes E&P 1.05 to 1.20 GAAP** 0.80 to 0.95 ** Excludes potential ceiling test impairments Note: As of Feb. 2, 2015
Construction Materials & Services Record annual earnings at Services Annual Adjusted Earnings (millions) Higher asphalt margins, readymixed 114.4 concrete and aggregate volumes and 103.1 margins at Materials Higher electrical…
Outlook 743 million combined work backlog as of Dec. 31 Combined revenue guidance of 2.8 billion to 3.2 billion for 2015 Strengthening markets in key areas Capturing additional market share and expanding into new markets Construction…
Electric & Natural Gas Utilities Increased electric retail sales margins Annual Earnings (millions) Primarily due to rate recovery on electric environmental upgrades and increased electric 72.5 retail sales volumes 67.2 More…
Outlook Record capital program plan to invest approximately 1.8 billion during next 5 years Expect to grow rate base by approximately 1.0 billion, 11% compounded annually over next 5 years Signed agreement to purchase 200 million,…
Pipeline & Energy Services Annual Adjusted Earnings Higher transportation rates (millions) Primarily result of rate case 22.6 settlement Higher earnings from Pronghorn 15.1 natural gas and oil midstream assets Favorable…
Outlook Record capital program plan to invest approximately 1.1 billion during next 5 years Liquidrich midstream and refining opportunities Construction of joint venture 20,000 BOPD Dakota Prairie Refinery; expected online second…
Exploration & Production Annual Earnings (millions) Higher average realized gas prices Unrealized commodity derivatives 96.8 94.5 gain in 2014 Compared to a loss in 2013 Increased oil production Favorable income tax changes…
Outlook Plan to market 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…
Record Capital Program Construction 3.9 B Pipeline Utility Increase Cap Ex 1.9 B 105% over next 5 years 20102014 20152019 Note: Excludes E&P capital expenditures. 16
Funding Plan for 2015 Based on current estimates, the companys plan to fund gross capital expenditures of 778 million and dividends includes the following sources: Funding Sources Estimates Operating cash flows 650M 700M Debt…
Outlook Strong performance positioned for growth Plans to market Fidelity E&P company when time is right Allow funding of substantial opportunities at other lines of business including RESOURCES organic projects and acquisitions…
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