Vectren Annual Shareholders Meeting May 12, 2015 Carl Chapman Chairman, President & Chief Executive Officer 1
2 Best Wishes, Niel Niel Ellerbrook Total service of 35 years Vectrens first CEO Set the tone for success Community-minded leader
3 Retirements Jerry Benkert, Executive Vice President & Chief Administrative Officer Robert Goocher, Treasurer and Vice President- Investor Relations
Vectren Annual Shareholders Meeting May 12, 2015 Carl Chapman Chairman, President & Chief Executive Officer 4
5 Ellerbrook Spirit of Community Award 2014 winner: Ashley Jones, Process Improvement Analyst III
7 Agenda Corporate Overview 2014 Full-Year and Early 2015 Highlights Executing the Vectren Strategy
8 Vectren Today NYSE Symbol: VVC 3.5+ billion market cap Total shareholder return goal of 9-11% annually (raised from 8-10% in Nov 14) 55 consecutive years of increasing dividends paid (5.6% increase in Dec 14) 1.1 million…
9 Vectren in 2015 & Beyond Infrastructure Opportunities Leading the Way Over the last four years, Vectren has developed a utility growth strategy focused on gas system investment and narrowed its nonutility business mix Utility…
10 Vectrens Compelling Business Mix Vectren Vectren Utility Nonutility Indiana - Vectren Distribution & North (Gas) Infrastructure Transmission Pipeline 585,000 Customers Services Construction 1.1 million total utility…
11 2014 Marked Another Successful Year Consolidated Results* 2014 EPS of 2.28, up 7.5% vs. 2013 EPS of 2.12 Consistent earnings growth trend continues, anchored by solid Utility results Utility Group Achieved earnings of 1.80…
12 1st Quarter Results Great Start to 2015 Consolidated Results* Strong start to 2015 1st qtr. EPS of 0.69; slightly above plan & well ahead of 0.63 in 2014 Earnings anchored by solid Utility results in addition to improved…
13 Long Record of Dividend Growth Continued in 2014 Growing EPS and Declining Payout Ratio Positioned Vectren to Significantly Increase the Dividend Growth Rate Executing on our plan and confidence in our future strategy enabled…
14 Excellent Shareholder Returns Vectrens achievement of consistent earnings growth over the last five years has driven excellent shareholder returns We believe our strategy of focusing on our core, premier utility business and…
Executing the Vectren Strategy system safety and reliability sustainable communities performance improvement positive outlook for natural gas 15
16 Gas Safety & Reliability Modernizing Vectrens gas utility infrastructure 1.1 billion in infrastructure upgrades approved Maintaining safety, reliability Complying with existing and expected regulations Communicating the…
17 Electric Safety & Reliability Approval in January 2015 to move forward with compliance investments related to existing and new Environmental Protection Agency rules 80 to 90 million for various EPA mandated upgrades,…
18 Named Top Ranked Midsize Utility in the Nation for Electric Reliability Decrease in electric outages of 35%+ since 2011 Average length of customer outages improved by 20% since 2011 Places Vectren in the top 5% nationwide as…
19 Sustainable Communities Customers adoption of energy efficiency programs remains strong Energy efficiency programs remain a part of our long-term strategy to help customers use energy wisely Catalyst for Monroe County, IN…
20 Vectren Infrastructure Services (VISCO) Distribution & Transmission Pipeline Construction Capitalize on demand from the very long construction cycle in the gas distribution, gas and oil transmission, and water/wastewater…
22 Vectren Energy Services (VESCO) Sustainable Infrastructure & Energy Efficiency Focus on continuing to win projects in the growing federal market Expand the public sector business as demand for energy efficiency projects…
23 Positive Outlook for Natural Gas Price favorability for the long-term Supply sufficient to meet increasing demand Customer bills to remain affordable Abundant opportunities for growth Rural expansion and fuel conversion…
24 Track Record for Consistent Earnings and Dividend Growth Continues Vectren positioned for greater stability and higher, consistent earnings growth Premier utility franchise remains our core and gas infrastructure investment is…
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