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Q3 2015 Earnings Call – Dominion Resources, Inc.

Dominion Resources, Inc. · Nov 2, 2015 · 14 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. Q3 2015 Earnings Call – Dominion Resources, Inc. – slide 1
    Third Quarter 2015 Earnings Call November 2, 2015
  2. Q3 2015 Earnings Call – Dominion Resources, Inc. – slide 2
    Operating Earnings Summary Third Quarter 2015 Versus Guidance 1.10 1.03 3rd Quarter Drivers 0.95 Higher merchant margins Lower operating expenses Delay in strategic undergrounding Guidance Actual Range Operating EPS*…
  3. Q3 2015 Earnings Call – Dominion Resources, Inc. – slide 3
    Operating EBITDA Summary Third Quarter 2015 Versus Guidance (in millions) Operating Guidance Actual Drivers Segment EBITDA EBITDA Dominion Virginia Delay in Strategic 390 - 410 388 Power Undergrounding Dominion Higher…
  4. Q3 2015 Earnings Call – Dominion Resources, Inc. – slide 4
    Dominion Midstream Partners (DM) Third Quarter 2015 Earnings and Distribution Financial Results in line with Management expectations Net Income 18.0 million Adjusted EBITDA 20.3 million* Distributable Cash Flow 19.8 million*…
  5. Q3 2015 Earnings Call – Dominion Resources, Inc. – slide 5
    Cash Flow and Financing Activities Third Quarter 2015 Cash Flow & Liquidity 3.4 billion in funds from operations for the first 9 months of the year 2.6 billion in commercial paper and letters of credit outstanding 4.5 billion of…
  6. Q3 2015 Earnings Call – Dominion Resources, Inc. – slide 6
    Operating Earnings Guidance Fourth Quarter 2015 0.95 4th Quarter Drivers 0.84 0.85 Growth projects Higher merchant margins Lower capacity payments Lower farmout earnings Share dilution 4Q 2014 4Q 2015 EPS* Guidance* *See…
  7. Q3 2015 Earnings Call – Dominion Resources, Inc. – slide 7
    Hedged Power Update Millstone Hedge Position 99% Hedged 83% Hedged 65.06 56.98 52.43 51.93 46.59 45.52 2014 2015 2016 NEPOOL Baseload Avg Hedge Position NEPOOL ATC Power Price 2015-2016 forward curves as of October 21,…
  8. Q3 2015 Earnings Call – Dominion Resources, Inc. – slide 8
    Dominion Generation Growth Projects Update Brunswick County Greensville County 90% complete On Time, On Budget Construction of a 1,588 Expect in service mid-2016 MW natural gas fired plant Estimated Costs of 1.3 billion Filed…
  9. Q3 2015 Earnings Call – Dominion Resources, Inc. – slide 9
    Contracted Solar Strategy Recycle Capital through Joint Venture Joint Venture Announced in September Agreement to sell 33% ownership in 425 MW from 13, 14, & 15 projects 300M consideration from SunEdison Benefits: Immediately…
  10. Q3 2015 Earnings Call – Dominion Resources, Inc. – slide 10
    Dominion Energy Growth Projects Update First Utica lease agreement closed in September Conveyed approximately 16,000 acres of development rights Atlantic Coast Pipeline & Supply Header (1.5 Bcf/day each) Pipeline surveying over…
  11. Q3 2015 Earnings Call – Dominion Resources, Inc. – slide 11
    Dominion Energy Cove Point Liquefaction Project is 47% complete Engineering is 95% complete Procurement of engineered equipment is 95% complete Main cryogenic heat exchanger delivered in October All 34 FERC construction…
  12. Q3 2015 Earnings Call – Dominion Resources, Inc. – slide 12
    Gas Infrastructure Demand Driven Growth Focus on demand-driven projects moving gas to end use customers Cove Point Export 3 Bcf/day of Atlantic Coast Pipeline Growth DTI Supply Header Projects Underway Nine Market Access…
  13. Q3 2015 Earnings Call – Dominion Resources, Inc. – slide 13
    Key Takeaways Third Quarter 2015 Highlights Executing the growth plan and delivering on guidance Dominion Operating earnings of 1.03 per share at midpoint of third quarter guidance range* Strong operating and safety performance…
  14. Q3 2015 Earnings Call – Dominion Resources, Inc. – slide 14
    Third Quarter 2015 15

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