RESOURCES Group, Inc . Second Quarter Earnings Conference Call August 4, 2015 Doran N. Schwartz Vice President & Chief Financial Officer
Company Management Dave Goodin President & CEO of MDU Resources RESOURCES Dave Barney President & CEO of Knife River Corporation Martin Fritz President & CEO of WBI Holdings Nicole Kivisto President & CEO of Montana-Dakota…
RESOURCES Group, Inc . David L. Goodin President & Chief Executive Officer
2015 Earnings per Share Guidance Adjusted 0.85 to 1.00 GAAP Loss (1.90) to (2.05) Note: As of August 3, 2015
Construction Materials & Services Highest second quarter earnings since Second Quarter Earnings (millions) 2007 for materials group Margins increased across all product lines 27.1 at materials group 24.9 Higher volumes for all…
Construction Outlook 1.3 billion combined work backlog as of June 30 Record construction materials group backlog of 833 million Construction services backlog 108 million higher than first quarter, positioning for stronger 2016…
Electric & Natural Gas Utilities Higher operation and maintenance expense Largely payroll and benefit-related and contract Second Quarter Earnings services including labor costs related to storm (millions) repairs and planned outage…
Utilities Outlook Record capital program - plan to invest approximately 1.7 billion during next 5 years Expect to grow rate base approx. 1.0 billion, 11% compounded annually over next 5 years Investments of approx. 60 million in 2015…
Pipeline & Energy Services Second Quarter Adjusted Earnings (millions) Operating loss at Dakota Prairie refinery 5.8 Mainly due to adverse market conditions Partially offset by: Higher transportation volumes 1.9 Higher…
Pipeline Outlook Record capital program - plan to invest approx. 1.1 billion during next 5 years Acquiring easements and filing application for Wind Ridge Pipeline; expected in-service in 2017 with an approx. project cost of 120…
Fidelity Exploration & Production Marketing process continues Assuming a sale transaction by year end 2015 Continuing focus on maximizing value of company and lowering cost structure General and administrative costs are 25% lower…
Record Capital Program Construction 3.8 B Pipeline Utility Increase Cap Ex 1.9 B 98% over next 5 years 2010-2014 2015-2019 Note: Excludes E&P capital expenditures. 14
Consolidated Outlook Positioned for long-term growth Focused on improving earnings and lowering operating costs Utility record approx. 1.7 billion 5-year capital program driven by RESOURCES customer and load growth Expect to grow…
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