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EAST COAST IDEAS CONFERENCE – South Jersey Industries Inc.

South Jersey Industries Inc. · Jun 3, 2015 · 25 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. EAST COAST IDEAS CONFERENCE – South Jersey Industries Inc. – slide 1
    EAST COAST IDEAS CONFERENCE South Jersey Industries June 3-4, 2015
  2. EAST COAST IDEAS CONFERENCE – South Jersey Industries Inc. – slide 2
    South Jersey Industries Strategic Focus Grow Economic Earnings Improve Quality of Earnings Strengthen Balance Sheet Maintain Low to Moderate Risk Profile 3
  3. EAST COAST IDEAS CONFERENCE – South Jersey Industries Inc. – slide 3
    Organization of Business South Jersey Industries Regulated Non-utility South Jersey South Jersey Gas SJI Midstream Energy Solutions Regulated Regulated Natural Gas SJ Energy SJ Energy Pipeline Utility Services Group Company…
  4. EAST COAST IDEAS CONFERENCE – South Jersey Industries Inc. – slide 4
    Management Team Walter M. Higgins III Chairman, SJI Board Michael J. Renna President & CEO Stephen H. Kenneth Jeffrey E. David Gregory M. Gina Kathleen A. Clark Lynch DuBois Robbins, Jr. Nuzzo Merritt-Epps, Esq. McEndy SVP…
  5. EAST COAST IDEAS CONFERENCE – South Jersey Industries Inc. – slide 5
    Earnings & Dividend Growth Growing Economic Earnings Growing the Annual Dividend* 120 1.1 104.0 1.01 100 97.1 1 93.3 87.0 0.95 81.0 80 0.9 0.89 0.81 60 0.8 0.73 40 0.7 20 0.6 0 0.5 2010 2011 2012 2013 2014 2010 2011…
  6. EAST COAST IDEAS CONFERENCE – South Jersey Industries Inc. – slide 6
    Q1 2015 Performance Economic Earnings ( in millions) Economic EPS 80 1.25 66.2 70 1.10 58.9 1.01 60 50 0.95 0.86 40 0.80 30 0.65 20 10 0.50 2014 2015 2014 2015 7
  7. EAST COAST IDEAS CONFERENCE – South Jersey Industries Inc. – slide 7
    YOY Commodity Business Impacts Economic Earnings 20 20 18.2 15 15 13.0 14.0 10 10 7.8 5 5 0 0 Q1 2014 Q1 2015 FY 2014 FY 2015 - Projected in millions 8
  8. EAST COAST IDEAS CONFERENCE – South Jersey Industries Inc. – slide 8
    Near Term Earnings Growth Utility Infrastructure Investments 2015 Utility Energy Economic Customer Production EPS Growth Growth of 2%-8% Transportation Assets/Fuel Management 9
  9. EAST COAST IDEAS CONFERENCE – South Jersey Industries Inc. – slide 9
    SOUTH JERSEY GAS 10
  10. EAST COAST IDEAS CONFERENCE – South Jersey Industries Inc. – slide 10
    Utility Growth Summary Aggregate Investment Incremental Benefit ( in millions) 2016 - 2020 AIRP 9.0 SHARP 9.0 Customer Growth 11.8 CNG/EET 4.8 BL England 3.4 Future Rate Case 15.0 Projected Offsets (includes estimates for (23.0)…
  11. EAST COAST IDEAS CONFERENCE – South Jersey Industries Inc. – slide 11
    Utility Infrastructure Investment Rate Case Completion Utility rate base increased to 1.2 billion Equity-to-capital ratio of 51.9% Return on equity of 9.75% Customer margin increase 265 to 293 Customer impact Current bills lower…
  12. EAST COAST IDEAS CONFERENCE – South Jersey Industries Inc. – slide 12
    Utility Infrastructure Investment 2015 Utility Projected Infrastructure Investment = 234 Million Regular Cap-Ex AIRP SHARP CNG Liquifier BL England 13
  13. EAST COAST IDEAS CONFERENCE – South Jersey Industries Inc. – slide 13
    2015 Utility Customer Growth YTD additions (3/31) 2,100 2/3 conversion, 1/3 new construction Full year net additions targeted 6,950 40% - 70% savings versus oil/propane or electric 14
  14. EAST COAST IDEAS CONFERENCE – South Jersey Industries Inc. – slide 14
    SJI MIDSTREAM 15
  15. EAST COAST IDEAS CONFERENCE – South Jersey Industries Inc. – slide 15
    PennEast Pipeline Project 200 million investment, with FERC level return projected 20% equity owner in 1 billion, 1 BCF, 105-mile interstate pipeline from Marcellus region of PA into NJ Late 2017 targeted in-service date Pull…
  16. EAST COAST IDEAS CONFERENCE – South Jersey Industries Inc. – slide 16
    PennEast Pipeline 17
  17. EAST COAST IDEAS CONFERENCE – South Jersey Industries Inc. – slide 17
    SJ ENERGY SOLUTIONS 18
  18. EAST COAST IDEAS CONFERENCE – South Jersey Industries Inc. – slide 18
    Non-Utility Growth Summary 2020 Business Line % Composition of Earnings Wholesale & Retail Commodity 11% - 14% Fuel Management 6% - 9% Energy Production 2% - 4% Other (HVAC, Meter Reading, SJEX) 1% - 2% Total Dollar Contribution by…
  19. EAST COAST IDEAS CONFERENCE – South Jersey Industries Inc. – slide 19
    Fuel Supply Management Facility Operational DTs per day Value Date contracted NextEra 50 mw, simple 2004 Evergreen, 80K cycle, PA based Dts per day LS Power 738 mw, combined 2014 15-year, 36K DTs cycle, NJ based per day Economic…
  20. EAST COAST IDEAS CONFERENCE – South Jersey Industries Inc. – slide 20
    Energy Production Assets CHP Operating assets continue to perform well SOLAR Selective project development Capitalize on lower development costs and improving SREC values LANDFILLS Addressing challenges at most problematic sites…
  21. EAST COAST IDEAS CONFERENCE – South Jersey Industries Inc. – slide 21
    Revel Update Revel Casino filed bankruptcy on June 19, 2014 2.4 billion casino/hotel complex sold to Florida development group Polo North, on April 7, 2015 for 82 million On-going negotiations aimed at long-term contract for ACR…
  22. EAST COAST IDEAS CONFERENCE – South Jersey Industries Inc. – slide 22
    LOOKING AHEAD 23
  23. EAST COAST IDEAS CONFERENCE – South Jersey Industries Inc. – slide 23
    Strategic Priorities Grow Economic Improve Quality of Earnings Earnings 150 Million Economic Earnings by 2020 Strengthen Balance Maintain Low to Sheet Moderate Risk Profile 24
  24. EAST COAST IDEAS CONFERENCE – South Jersey Industries Inc. – slide 24
    Executing on Strategic Priorities Grow earnings from operations Target 70%-80% earnings contribution from utility and midstream Achieve 50% equity-to-cap ratio with very minimal dilution Commitment to core, proven non-utility…
  25. EAST COAST IDEAS CONFERENCE – South Jersey Industries Inc. – slide 25
    Contribution to Economic Earnings Business Unit 2014 2020 Projected Utility 63% 64% - 70% Midstream --- 8% - 12% Energy Services 24% 2% - 5% Energy Group 13% 17% - 22% 26

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