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2014 ANNUAL SHAREHOLDERS' MEETING – Gas Natural Inc.

Gas Natural Inc. · Jul 30, 2014 · 24 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. 2014 ANNUAL SHAREHOLDERS' MEETING – Gas Natural Inc. – slide 1
    2014 Annual Shareholders Meeting July 30, 30 2014
  2. 2014 ANNUAL SHAREHOLDERS' MEETING – Gas Natural Inc. – slide 2
    W. E. GENE ARGO CHAIRMAN OF THE BOARD OF DIRECTORS Welcome p Review of Proposals 2014 Gas Natural Inc. 2
  3. 2014 ANNUAL SHAREHOLDERS' MEETING – Gas Natural Inc. – slide 3
    GREGORY J. OSBORNE PRESIDENT & CHIEF EXECUTIVE OFFICER Corporate Overview 2014 Gas Natural Inc. 4
  4. 2014 ANNUAL SHAREHOLDERS' MEETING – Gas Natural Inc. – slide 4
    We are a well positioned and growing natural gas utility led by a new and experienced management team. We provide responsive, reliable customer service at fair and reasonable bl rates, t resulting lti iin solid lid profitability.…
  5. 2014 ANNUAL SHAREHOLDERS' MEETING – Gas Natural Inc. – slide 5
    Gas Natural Inc. Utility operations in: Montana Montana, Wyoming, Wyoming Ohio, Ohio Pennsylvania, Pennsylvania Maine Maine, North Carolina, Kentucky Market and distribute natural gas and conduct interstate pipeline operations…
  6. 2014 ANNUAL SHAREHOLDERS' MEETING – Gas Natural Inc. – slide 6
    Recent Highlights Increased utility throughput by 9%, to 36 bcf Expanded d d natural t l gas customer t countt 5%, % to t over 72,000 Executed multi-year agreement with customer in ME C Completed l t d activation ti ti off…
  7. 2014 ANNUAL SHAREHOLDERS' MEETING – Gas Natural Inc. – slide 7
    Investment Highlights Creating Shareholder Value Transforming Gas Natural to drive earnings growth Strategic growth initiatives Revenue R EBITDA** ( in millions) ( in millions) 140.3 118.8 13.7 19.7 19.3 99.2 12 6 12.6 91.5…
  8. 2014 ANNUAL SHAREHOLDERS' MEETING – Gas Natural Inc. – slide 8
    Transforming Gas Natural Inc. Changes in executive management May 2014: Gregory J. Osborne appointed CEO James E.E Sprague Sprague, C.P.A. C P A appointed CFO August 2014: Kevin J. Degenstein appointed COO & CCO Appointed…
  9. 2014 ANNUAL SHAREHOLDERS' MEETING – Gas Natural Inc. – slide 9
    Invest in Organic Growth [1] Approximately 73,000 local customers in seven Customers states (in thousands) 75 Average + 300 customers/month 72 Average + 4% to 5% customers/year 69 65 Rapidly expanding market share in ME and NC 62…
  10. 2014 ANNUAL SHAREHOLDERS' MEETING – Gas Natural Inc. – slide 10
    Future Growth Through Acquisition Bolt On Bolt-On New Market Transformational Create critical Target areas Provide step- mass; add rate with low change to base near saturation operational existing utility rates for efficiencies…
  11. 2014 ANNUAL SHAREHOLDERS' MEETING – Gas Natural Inc. – slide 11
    JAMES E. SPRAGUE, CPA VICE PRESIDENT & CFO Financial Highlights 2014 Gas Natural Inc. 12
  12. 2014 ANNUAL SHAREHOLDERS' MEETING – Gas Natural Inc. – slide 12
    Profitability Trends Gross Margin Operating Income & Margin ( in millions) ( in millions) 50 50.0 0 13.2 13.3 47 47.5 5 11.1 39.0 42.0 10.2 9.6 36.8 40% 39% 45% 40% 36% 12% 10% 10% 11% 9% 2010 2011 2012 2013 Q1 2014 TTM…
  13. 2014 ANNUAL SHAREHOLDERS' MEETING – Gas Natural Inc. – slide 13
    Strong Cash Flows Operating Cash Flow Cash & Cash Equivalents ( in millions) ( in millions) 16.6 14 9 14.9 13 0 13.0 13.1 10.5 11.1 11.6 9.1 6.7 3.4 2010 2011 2012 2013 Q1 2014 TTM 2010 2011 2012 2013 Q1 2014 Operating…
  14. 2014 ANNUAL SHAREHOLDERS' MEETING – Gas Natural Inc. – slide 14
    Capital Structure to Support Growth Total Debt & Equity Dividends ( in millions) 101 4 101.4 0 0.55 55 0 0.54 54 0 0.54 54 0 54 0.54 97.5 73.7 74.8 71.1 76.3 71.1 70.4 55.7 55.5 0.14 2010 2011 2012 2013 Q1 2014 Debt…
  15. 2014 ANNUAL SHAREHOLDERS' MEETING – Gas Natural Inc. – slide 15
    Peer Comparisons Price to Earnings Price to Book Dividend Yield (TTM) 4 8% 4.8% 2.22x 2.17x 4.3% 4.3% 24.9x 4.1% 3.8% 3.8% 1.82x 1.73x 1.68x 20 0x 20.1x 20.0x 20 1x 20.1x 20 1x 1.58x 1.50x 17.8x 18.2x 16.5x 16.8x…
  16. 2014 ANNUAL SHAREHOLDERS' MEETING – Gas Natural Inc. – slide 16
    GREGORY J. OSBORNE PRESIDENT & CHIEF EXECUTIVE OFFICER Outlook 2014 Gas Natural Inc. 17
  17. 2014 ANNUAL SHAREHOLDERS' MEETING – Gas Natural Inc. – slide 17
    2014 Priorities Solidify management team Drive customer growth by 4%-5% Increase throughput Improve regulatory transparency Continue pipeline investments Drive culture change throughout organization 2014 Gas Natural Inc. 18
  18. 2014 ANNUAL SHAREHOLDERS' MEETING – Gas Natural Inc. – slide 18
    W. E. GENE ARGO CHAIRMAN OF THE BOARD OF DIRECTORS Review Vote Results 2014 Gas Natural Inc. 19
  19. 2014 ANNUAL SHAREHOLDERS' MEETING – Gas Natural Inc. – slide 19
    2014 Annual Shareholders Meeting July 30, 30 2014
  20. 2014 ANNUAL SHAREHOLDERS' MEETING – Gas Natural Inc. – slide 20
    SUPPLEMENTAL INFORMATION 2014 Gas Natural Inc. 21
  21. 2014 ANNUAL SHAREHOLDERS' MEETING – Gas Natural Inc. – slide 21
    Heating Degree Days Percent (Warmer) Colder Year Ended December 31, 2013 Compared with Normal 2013 2012 Normal 2012 Great Falls, MT 7,496 7,350 6,828 1.95% 7.64% Cody, WY 6,924 7,161 6,291 3.42% 13.83% Bangor, ME 7,327 7,786 7,020…
  22. 2014 ANNUAL SHAREHOLDERS' MEETING – Gas Natural Inc. – slide 22
    Income Statement Year E Y Ended d dDDecember b 3131, Three M Th Months th Ended E d d March M h 31, 31 REVENUES 2010 2011 2012 2013 2014 2013 Natural gas operations 83,607,356 89,994,616 81,305,951 106,264,609 60,253,810…
  23. 2014 ANNUAL SHAREHOLDERS' MEETING – Gas Natural Inc. – slide 23
    Income Statement (Continued) Year Ended December 31, 31 Three Months Ended March 31, 31 2010 2011 2012 2013 2014 2013 Basic weighted shares outstanding 6,292,717 8,151,935 8,163,814 9,339,002 10,451,678 8,384,863 Dilutive effect of…
  24. 2014 ANNUAL SHAREHOLDERS' MEETING – Gas Natural Inc. – slide 24
    Adjusted EBITDA Reconciliation For Years Ended Three Months Ended December 31, March 31, 2010 2011 2012 2013 2014 2013 Net Income 5 796 501 5,796,501 5 369 517 5,369,517 3 719 317 3,719,317 6 671 279 6,671,279 5 018 491 5,018,491…

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