Fiscal 2020 Second Quarter Results John L. Walsh President & CEO, UGI Corporation Ted J. Jastrzebski Chief Financial Officer, UGI Corporation Robert F. Beard Executive Vice President Natural Gas, UGI Corporation Roger…
About This Presentation This presentation contains statements, estimates and projections which are forward-looking statements (as defined in Section 21E of the Securities and Exchange Act of 1934, as amended). Management believes that…
Second Quarter Recap 3 John L. Walsh President & CEO, UGI
Second Quarter Earnings Recap GAAP EPS of 1.07 and Adjusted EPS1 of 1.56 Historically warm weather YTD GAAP EPS and YTD Adjusted EPS1 increased 20% and 22%, respectively, versus the prior-year period Q2 2020 Weather Versus: Normal…
UGIs COVID 19 Response Employees Customers Communities Implemented working Provided uninterrupted Provided critical services to from home procedures essential service to our 3 hundreds of healthcare across the organization for…
Natural Gas Business Update Natural Gas businesses exceeded expectations given the headwind of weather COVID-19 Impact Minimal disruption on volumes and associated margin PA PUC moratorium on service terminations began in March…
Global LPG Business Update Business Transformation Update Remain on track; reaffirm cost savings projections for FY20 30M in cost savings for AmeriGas 5M in savings for UGI International Adaptation to COVID-19 protocols validated…
FY 2020 Guidance Update Updated fiscal year 2020 adjusted EPS guidance to a range of 2.45 - 2.551 per share, excluding the COVID-19 impact COVID-19 pandemic could negatively impact earnings by an additional 0.20 - 0.30 per share…
Second Quarter Financial Review Ted J. Jastrzebski Chief Financial Officer, UGI
Liquidity Update Total available liquidity as of 3/31/20: 1.2 billion Natural Gas and Global LPG businesses have access to capital, as available financing capacity is evenly distributed Lower working capital requirements in Q1 and…
Second Quarter Adjusted Earnings 11 UGI Corporation Fiscal 2020 Second Quarter Results
Financial Results - AmeriGas (Millions of dollars) Q2 FY 2019 Q2 FY 2020 Weather versus normal Earnings Before Interest Expense & Income Taxes 247.3 Total Margin (60.0) Operating and Administrative Expenses 20.0 4.4% Depreciation…
Financial Results UGI International (Millions of dollars) Q2 FY 2019 Q2 FY 2020 Weather versus normal Earnings Before Interest Expense & Income Taxes 130.1 Colder Total Margin (20.5) Operating and Administrative Expenses 10.2…
Financial Results Midstream & Marketing (Millions of dollars) Q2 FY2019 Q2 FY 2020 Weather versus normal Earnings Before Interest Expense & Income Taxes 52.8 Colder Total Margin 30.8 Operating and Administrative Expenses (2.3)…
Financial Results Utilities (Millions of dollars) Q2 FY 2019 Q2 FY2020 Weather versus normal Earnings Before Interest Expense & Income Taxes 120.3 Colder Total Margin (2.9) Operating and Administrative Expenses 2.4 Depreciation…
Conclusion and Q&A John L. Walsh President & CEO, UGI
Strategic Overview Dramatic fall in oil prices and impact on production levels will benefit UGIs midstream business Upward movement of future strip for natural gas will positively impact production in the NE and SW Marcellus UGI…
Q&A 19
Appendix
UGI Supplemental Footnotes Management uses adjusted net income attributable to UGI Corporation and adjusted diluted earnings per share, both of which are non-GAAP financial measures, when evaluating UGIs overall performance. Management…
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