Second Quarter Earnings Conference Call August g 2011 Building A Strong America Doran N. Schwartz Vice President & Chief Financial Officer 1
Steve Bietz President & CEO of WBI Holdings Dave Goodin Company p y President & CEO of Montana Montana-Dakota Dakota Utilities Utilities, Great Plains Management Natural Gas, Cascade Natural Gas & Intermountain Gas John Harp…
Building A Strong America Terry D. Hildestad President and CEO 4
Second Quarter Consolidated Results (Milli (Millions)) 48.8 44.9 2010 2011 Diversified 2010 2011 earnings mix EPS .26 .24 MDU Resources Group, Inc. Building A Strong America 5
NATURAL GAS & OIL 12% lower natural gas production PRODUCTION - Largely related to weather and normal SECOND QUARTER production declines EARNINGS 9% decline in average realized (Millions) natural gas prices 24.0 Increased lease…
Outlook Natural Gas & Oil Production Investing in exciting exploratory plays to create more oil exposure Bakken B kk Approx. A 90,000 90 000 nett acres Added second drilling rig early in second quarter Added 20,000 net acres of…
PIPELINE & ENERGY SERVICES Lower volumes transported to SECOND QUARTER storage EARNINGS Decreased storage services (Millions) revenue Lower gathering volumes 9.5 4.8 2010 2011 MDU Resources Group, Inc. Regulated Building A…
Outlook Pipeline & Energy Services Bakken Opportunities Construction of natural gas pipeline expansion is underway 27 MMcf/d increase to existing infrastructure Target in-service date late in third quarter Adding 12 miles of high…
11% increase in natural gas sales ELECTRIC & NATURAL GAS volumes UTILITY Higher electric retail sales margins SECOND QUARTER EARNINGS Lower income taxes (Millions) Partially offset by: - Higher operation and maintenance 6.7 expense -…
Outlook Electric & Natural Gas Utilities Rate base growth Filed an advance determination of pprudence with NDPSC to construct,, own and operate an 88-MW simple cycle natural gas turbine Pursuing opportunities associated with…
CONSTRUCTION MATERIALS & CONTRACTING Lower ready-mixed concrete margins SECOND QUARTER and volumes EARNINGS (Millions) Lo er margins from other product Lower prod ct lines 5.7 Lower gains from property sales 5.0 Partially offset…
Outlook Construction Materials & Contracting June 30 backlog 649 million - Includes several highway paving projects, airports, bridge work, reclamation and harbor expansion projects Fully operational in aggregate, ready-mix, asphalt…
CONSTRUCTION SERVICES SECOND QUARTER Higher construction workloads and margins in the Western region EARNINGS (Millions) Increased equipment and electrical supply sales Partially offset by: 6.1 - Lower construction workloads and…
Outlook Construction Services SG&A expenses down more than 30% for the trailing 12-months 12 months ended June 30, 30 compared to 2008 annual expenses, the peak earnings year June 30 backlog at 364 million - Includes variety of…
Total Annualized Shareholder Returns At June 30, 2011 YeartoDate Returns 1 Year 29% 13% 5 Year 1% 9% 10 Year 8% 6% 20 Year 13% 4% 0% 10% 20% 30% MDU S&P 500 S&P 400 Peers Resources Group, Inc. Building A Strong…
Indicated Annualized Consecutive quarterly dividend Dividend payments for 5-YEAR CAGR 5% 73 years 0.65 0.54 2006 2007 2008 2009 2010 Dividend increased November 2010, marking 20 consecutive years of increases Committed to…
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