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Second Quarter 2014 Earnings – Nisource Inc.

Nisource Inc. · Jul 31, 2014 · 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. Second Quarter 2014 Earnings – Nisource Inc. – slide 1
    Supplemental Slides Second Quarter 2014 Earnings July 31, 2014 1
  2. Second Quarter 2014 Earnings – Nisource Inc. – slide 2
    Key Takeaways Second Quarter 2014 Continued Execution of NiSources Infrastructure Investment Strategy Financial results on track to deliver at the upper half of 2014 earnings guidance range of 1.61 to 1.71 per share Second quarter…
  3. Second Quarter 2014 Earnings – Nisource Inc. – slide 3
    Second Quarter 2014 Financial Highlights Results on Track for Upper Half of Full-Year Earnings Guidance Range Non-GAAP** Q2 2014* Q2 2013* Change* Net Operating Earnings 77.9 72.8 5.1 from Continuing Operations Net Operating…
  4. Second Quarter 2014 Earnings – Nisource Inc. – slide 4
    Second Quarter 2014 Financing Highlights Financial Foundation to Support Robust Capital Investment Program Continued strong liquidity position of 1.2B as of June 30, 2014 77% of infrastructure investments focused on…
  5. Second Quarter 2014 Earnings – Nisource Inc. – slide 5
    Columbia Pipeline Group Second Quarter 2014 Project Inventory Expands Further to Support Shale Supply Development Operating earnings 103.7M in Q2 2014 vs. 88.8M in Q2 2013* 300M/year pipeline modernization program on track Warren…
  6. Second Quarter 2014 Earnings – Nisource Inc. – slide 6
    Electric Operations Second Quarter 2014 Modernization Investments Provide Growth, Customer & Economic Benefits Operating earnings 59.8M in Q2 2014 vs. 58.6M in Q2 2013* Environmental, transmission, modernization investments on…
  7. Second Quarter 2014 Earnings – Nisource Inc. – slide 7
    NiSource Gas Distribution Second Quarter 2014 10B+ Inventory of Long-Term Infrastructure Investments Operating earnings 62.5M in Q2 2014 vs. 51.8M in Q2 2013* New Massachusetts legislation supports infrastructure modernization…
  8. Second Quarter 2014 Earnings – Nisource Inc. – slide 8
    Appendix Second Quarter 2014 Earnings July 31, 2014 9
  9. Second Quarter 2014 Earnings – Nisource Inc. – slide 9
    Capital Expenditures (M) 2014 Forecasted CapEx 2,175 125 825 440 785 2014 Gas Distribution Electric Pipeline Group Corporate 2014 Growth & Tracker 1,675M (77%) and Age & Condition 500M (23%) 10
  10. Second Quarter 2014 Earnings – Nisource Inc. – slide 10
    Capitalization (M) Total Debt to Capitalization 60.6% as of 6/30/14 Actual 6/30/2014 Actual 12/31/2013 Debt Equity Total Debt Equity Total Long-Term Debt 7,640.6 - 7,640.6 7,593.2 - 7,593.2 Short-Term Debt 801.1 - 801.1 433.6 -…
  11. Second Quarter 2014 Earnings – Nisource Inc. – slide 11
    Current Liquidity (M) Actual 6/30/2014 Maturity Committed Credit Facility 2,000 September 2018 Less: Drawn on Credit Facility - Commercial Paper (801) Letters of Credit (14) Add: Cash & Equivalents 18 Net Available…
  12. Second Quarter 2014 Earnings – Nisource Inc. – slide 12
    CPG Regulated Pipeline & Storage Growth Update 3B-4B Opportunity 1 In-Service 1 Millennium 90M (NI: 45M) 2Q 13 & 1Q 14 Marcellus: Deliver Marcellus supplies to multiple markets with expanded compression at Minisink (+150 MMcf/Day)…
  13. Second Quarter 2014 Earnings – Nisource Inc. – slide 13
    CPG Midstream & Minerals Growth Update 15 1B-1.5B Opportunity 16 14 19 18 20 In-Service 21 13 Majorsville 85M 3Q 10 17 Marcellus: Gathers wet gas to processing facility and provides downstream pipeline market access with…
  14. Second Quarter 2014 Earnings – Nisource Inc. – slide 14
    Electric Operations Infrastructure Investment Update Upgrade Generation Fleet (700M - 1.4B Opportunity) 6,7 4,5 6,7 In-Service 4,5 3 1 U14 FGD 250M YE 13 ECRM (Environmental Cost Recovery Mechanism - 100% Tracked) FGD (Flue Gas…
  15. Second Quarter 2014 Earnings – Nisource Inc. – slide 15
    NGD Infrastructure Investment Update 3 11 Infrastructure Modernization Programs (10B+ Opportunity) 2 Annual Investment 7 8 1 10 1 Columbia Gas of Ohio 150M - 200M 20+ Years 6 Tracked: Execution of established Infrastructure…
  16. Second Quarter 2014 Earnings – Nisource Inc. – slide 16
    Key Path Forward 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 Markers Liquidity LT Debt Planned Issuances: (Term: TBD) LT Debt Maturities: 500M (7/2014) / 230M (11/2015) DRIP: 50M/year Columbia Gas of MA Rate Case (Effective)…

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