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Q1 2016 Earnings Conference Call – MDU Resources Group Inc.

MDU Resources Group Inc. · May 4, 2016 · 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. Q1 2016 Earnings Conference Call – MDU Resources Group Inc. – slide 1
    First Quarter Earnings Conference Doran N. Schwartz Call May 4, 2016 Vice President & Chief Financial Officer BUILDING A STRONG AMERICA
  2. Q1 2016 Earnings Conference Call – MDU Resources Group Inc. – slide 2
    Company Management Dave Goodin President & CEO of MDU Resources Dave Barney President & CEO of Knife River Corporation Martin Fritz President & CEO of WBI Energy Nicole Kivisto President & CEO of Montana-Dakota Utilities, Great Plains…
  3. Q1 2016 Earnings Conference Call – MDU Resources Group Inc. – slide 3
    First Quarter Earnings Conference David L. Goodin Call May 4, 2016 President & Chief Executive Officer BUILDING A STRONG AMERICA
  4. Q1 2016 Earnings Conference Call – MDU Resources Group Inc. – slide 4
    Consolidated Results GAAP Earnings (loss) EPS 50 0.20 0.13 24.7 0.00 0 -0.20 -50 -0.40 -100 -0.60 millions -150 -0.80 -1.00 -200 -1.20 -250 -1.40 (306.1) (1.57) -300 -1.60 -350 -1.80 2015 2016 2015 2016…
  5. Q1 2016 Earnings Conference Call – MDU Resources Group Inc. – slide 5
    Consolidated Results Adjusted Adjusted Earnings Adjusted EPS 35 0.18 30 0.17 32.6 0.15 25 0.12 millions 20 15 20.9 0.09 0.11 0.06 10 5 0.03 0 0.00 2015 2016 2015 2016 Reconciliation 2015 2016 GAAP earnings (loss)…
  6. Q1 2016 Earnings Conference Call – MDU Resources Group Inc. – slide 6
    First Quarter Highlights Utility: 22 percent earnings increase Electric utility: Record first quarter Construction materials: Strongest start in 9 years Construction businesses: Approx. 1.4B backlog, up 38 percent Pipeline: Record…
  7. Q1 2016 Earnings Conference Call – MDU Resources Group Inc. – slide 7
    Utility Electric & Natural Gas Seeing benefits of investments GAAP Earnings 73.2 million implemented in final and interim 40 rates since Jan. 1, 2015 35 Pending: 37.3 million in implemented interim, 36.3 12.4 million in additional…
  8. Q1 2016 Earnings Conference Call – MDU Resources Group Inc. – slide 8
    Utility Outlook Customer base expected to continue growing by 1.5 2 percent annually 1.5 billion capital program over next 5 years Expect 7 percent rate base growth over next 5 years (compounded annually) 160-mile, 345-kV…
  9. Q1 2016 Earnings Conference Call – MDU Resources Group Inc. – slide 9
    Pipeline & Midstream Lower Pronghorn gathering and GAAP Earnings processing volumes 7 Lower gathering volumes due to sale of non-strategic gathering assets 6 6.4 Lower DD&A, O&M 5 Total transportation up 11 percent 5.3 4 to…
  10. Q1 2016 Earnings Conference Call – MDU Resources Group Inc. – slide 10
    Pipeline & Midstream Outlook Signed agreements for three expansion projects North Badlands: 4-mile loop of Garden Creek pipeline and ancillary facilities; sold 70,000 dk/day of capacity; in-service fall of 2016 Northwest North…
  11. Q1 2016 Earnings Conference Call – MDU Resources Group Inc. – slide 11
    Construction Materials Higher construction revenues GAAP Loss and margins 0 2015 2016 Partially offset by: -2 Lower aggregate margins -4 Effects of large precast project in 2015 Record first quarter backlog of -6 millions…
  12. Q1 2016 Earnings Conference Call – MDU Resources Group Inc. – slide 12
    Construction Services Higher inside construction workloads GAAP Earnings and margins 7 Partially offset by: 6 Lower equipment sales and rental margins 6.0 Lower industrial construction workloads and 5 margins 4.8 Successfully…
  13. Q1 2016 Earnings Conference Call – MDU Resources Group Inc. – slide 13
    Construction Materials & Services Outlook Approximately 1.4 billion combined backlog, up 38 percent Construction materials has added major jobs 63.4M I-29 in Iowa 30.5M bypass in Oregon 25M I-35 in Minnesota Construction services…
  14. Q1 2016 Earnings Conference Call – MDU Resources Group Inc. – slide 14
    Refining Loss of 7.2 million (MDU Resources share) Continuing economic challenges from: Low Bakken differentials vs. WTI Lower demand for diesel, naphtha Company assessing ownership interest options Impairment potential if…
  15. Q1 2016 Earnings Conference Call – MDU Resources Group Inc. – slide 15
    Reaffirming 2016 EPS Guidance 0.85 1.10 GAAP to Adjusted 1.00 to 1.15 Note: As of May 3, 2016 Low High Adjusted earnings per share 1.00 1.15 Adjustments: Refining (.14) (.06) Discontinued operations (.01) .01 GAAP earnings per…
  16. Q1 2016 Earnings Conference Call – MDU Resources Group Inc. – slide 16
    Summary Continue focusing on improving earnings, growing business Approximately 1.4 billion backlog at construction businesses, up 38 percent Utility rate relief: 73.2 million implemented, 49.7 million in pending cases (37.3 million…

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