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Q2 2013 EARNINGS CALL – Nisource Inc.

Nisource Inc. · Jul 31, 2013 · 16 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. Q2 2013 EARNINGS CALL – Nisource Inc. – slide 1
    Supplemental Slides Second Quarter 2013 Earnings July 31, 2013
  2. Q2 2013 EARNINGS CALL – Nisource Inc. – slide 2
    Key Takeaways Second Quarter 2013 Continued Execution of NiSources Infrastructure Investment Strategy Results in line with expectations and 2013 earnings guidance Capital investment program enhanced to nearly 2 billion for 2013…
  3. Q2 2013 EARNINGS CALL – Nisource Inc. – slide 3
    Second Quarter 2013 Financial Highlights Financial Results in Line with 2013 Earnings Guidance Non-GAAP** Q2 2013* Q2 2012* Change* Net Operating Earnings 72.8 64.4 8.4 from Continuing Operations Net Operating Earnings Per…
  4. Q2 2013 EARNINGS CALL – Nisource Inc. – slide 4
    Second Quarter 2013 Financing Highlights Solid Liquidity & Financial Profile Solid liquidity position - 1.4B as of June 30, 2013 Ongoing financial strength supported by: Lower borrowing costs and extended debt maturity profile…
  5. Q2 2013 EARNINGS CALL – Nisource Inc. – slide 5
    Columbia Pipeline Group Second Quarter 2013 A Diverse Mix of Value-Adding Infrastructure Investment Investments Operating earnings 88.8M in Q2 2013 vs. 91.6M in Q2 2012* Big Pine Gathering System commenced service with XTO Energy;…
  6. Q2 2013 EARNINGS CALL – Nisource Inc. – slide 6
    Electric Operations Second Quarter 2013 Seven-Year Modernization Plan Supports Long-Term Infrastructure Investments Operating earnings 58.6M in Q2 2013 vs. 59.7M in Q2 2012* First utility in Indiana to file seven-year infrastructure…
  7. Q2 2013 EARNINGS CALL – Nisource Inc. – slide 7
    NiSource Gas Distribution Second Quarter 2013 10B Inventory of Long-Term Infrastructure Investments Operating earnings 51.8M in Q2 2013 vs. 51.1M in Q2 2012* New rates in effect in Pennsylvania starting July 1 (55M annual revenue…
  8. Q2 2013 EARNINGS CALL – Nisource Inc. – slide 8
    Appendix Second Quarter 2013 Earnings July 31, 2013
  9. Q2 2013 EARNINGS CALL – Nisource Inc. – slide 9
    Capital Expenditures (M) 2013 Forecasted CapEx 2.0B 40 760 434 766 2013 Gas Distribution Electric Pipeline Group Corporate 2013 Growth & Tracker 1,480M (74%) and Age & Condition 520M (26%) 10
  10. Q2 2013 EARNINGS CALL – Nisource Inc. – slide 10
    Capitalization (M) Total Debt to Capitalization 58.6% as of 6/30/13 Actual 6/30/2013 Actual 12/31/2012 Debt Equity Total Debt Equity Total Long-Term Debt 7,616.7 - 7,616.7 6,819.1 - 6,819.1 Short-Term Debt 117.6 - 117.6 543.6…
  11. Q2 2013 EARNINGS CALL – Nisource Inc. – slide 11
    Current Liquidity (M) Actual 6/30/13 Maturity Committed Credit Facility 1,500 May 2017 Less: Drawn on Credit Facility - Commercial Paper (118) Letters of Credit (21) Add: Cash & Equivalents 45 Net Available Liquidity…
  12. Q2 2013 EARNINGS CALL – Nisource Inc. – slide 12
    CPG Regulated Pipeline & Storage Growth Update 3B-4B Opportunity 1 Millennium 90M (NI: 45M) 2Q & 4Q 13 Marcellus: Deliver Marcellus supplies to multiple markets with expanded compression at Minisink (+150 MMcf/Day) and Hancock (+175…
  13. Q2 2013 EARNINGS CALL – Nisource Inc. – slide 13
    CPG Midstream & Minerals Growth Update 1B-1.5B Opportunity 10 Majorsville 85M 3Q 10 Marcellus: Gather wet Marcellus gas to processing facility and provide downstream pipeline market access with additional pipeline and compression…
  14. Q2 2013 EARNINGS CALL – Nisource Inc. – slide 14
    Electric Operations Infrastructure Investment Update Upgrade Generation Fleet 5,6 (700M - 1.4B Opportunity) 5,6 3,4 3,4 2 1 U14/15 FGDs 500M YE13/YE14 Environmental: ECRM (Environmental Cost Recovery Mechanism) Tracked FGD (Flue…
  15. Q2 2013 EARNINGS CALL – Nisource Inc. – slide 15
    NGD Infrastructure Investment Update Modernize Infrastructure (10B+ Opportunity) 3 9 Annual Investment 1 Columbia Gas of Ohio 150M - 200M 20+ Years Tracked: Execution of established Infrastructure Replacement Program; annual 2…
  16. Q2 2013 EARNINGS CALL – Nisource Inc. – slide 16
    Key Path Forward Markers 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 LT Debt Issuance of 750M (Term: 30 Years 4.8%) Liquidity / LT Debt Planned Issuance (Term: TBD) LT Debt Maturities: 420M (3/2013) & 500M (7/2014) DRIP: 45M/year…

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