Skip to main content Review of 2014 Results and 2015 Guidance – Vectren Investor Presentation | Shale Experts
Loading...
Pm

Review of 2014 Results and 2015 Guidance – Vectren

Vectren · Feb 17, 2015 · 19 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. Review of 2014 Results and 2015 Guidance – Vectren – slide 1
    Review of 2014 Results and 2015 Guidance February 17, 2015 2 p.m. EST
  2. Review of 2014 Results and 2015 Guidance – Vectren – slide 2
    Todays Participants Carl Chapman Chairman, President and CEO Susan Hardwick Senior VP and CFO Ron Christian Exec. VP and Chief Legal & External Affairs Officer Robert Goocher Treasurer and VP - Investor Relations 3
  3. Review of 2014 Results and 2015 Guidance – Vectren – slide 3
    Consolidated 2014 Results 3 Months 12 Months Ended Dec 31 Ended Dec 31 In millions, except per share amounts 2014 2013 2014 2013 Utility Group 39.8 37.2 148.4 141.8 Nonutility Group Infrastructure Services 15.5 13.8 43.1 49.0…
  4. Review of 2014 Results and 2015 Guidance – Vectren – slide 4
    2014 Marks Another Successful Year EPS Growth Continues, Guidance Expectations Met Again Consolidated Results* Strong close to the year 2014 EPS of 2.28, in line with guidance and up 7.5% vs. 2013 EPS of 2.12 Consistent earnings…
  5. Review of 2014 Results and 2015 Guidance – Vectren – slide 5
    Utility Regulatory Highlights Orders received in February 2014 from Ohio Commission and August 2014 from Indiana Commission on gas infrastructure filings establishing the framework for long-term cost recovery of our gas utilities…
  6. Review of 2014 Results and 2015 Guidance – Vectren – slide 6
    2015 Guidance Affirmed Consistent Earnings Growth to Continue 2015 Consolidated EPS Guidance of 2.40-2.55 per share affirmed Vectrens demonstrated record of consistent earnings growth is expected to continue Increased consolidated…
  7. Review of 2014 Results and 2015 Guidance – Vectren – slide 7
    Utility Outlook 2015 utility EPS guidance midpt. of 1.90 per share, up 5.6% from 2014 EPS of 1.80 Earnings growth driven by return on investment in new gas infrastructure Control operating costs as culture of performance management…
  8. Review of 2014 Results and 2015 Guidance – Vectren – slide 8
    Vectren Infrastructure Services (VISCO) Outlook Expect Infrastructure Services to contribute EPS of approx. 0.57 per share in 2015 (guidance midpoint) and growing 0.05-0.07 per share thereafter Total estimated backlog of 625 million as…
  9. Review of 2014 Results and 2015 Guidance – Vectren – slide 9
    Vectren Energy Services (VESCO) Outlook Expect Energy Services to contribute EPS of approx. 0.03 per share in 2015 (guidance midpoint) and growing 0.03-0.05 per share thereafter No benefit from 179D tax deductions assumed in 15; 4.4…
  10. Review of 2014 Results and 2015 Guidance – Vectren – slide 10
    Vectren Energy Services Outlook (cont.) Key Long-Term Growth Drivers Focus on continuing to win projects in the growing federal market Expand the public sector business as demand recovers for energy efficiency projects Grow the…
  11. Review of 2014 Results and 2015 Guidance – Vectren – slide 11
    Track Record for Consistent Earnings and Dividend Growth Continues Executing on Strategy Leads to Growing Track Record, Bright Future Approvals in place for gas utility infrastructure investments and framework for current recovery…
  12. Review of 2014 Results and 2015 Guidance – Vectren – slide 12
    Appendix
  13. Review of 2014 Results and 2015 Guidance – Vectren – slide 13
    Appendix Utility Rate Base Faster Gas Rate Base Growth, with Continuing Opportunity to Earn At or Near Overall Allowed Return via Recovery Mechanisms and Cost Control Utility Rate Base 4,500 In millions 4,000 Rate Base…
  14. Review of 2014 Results and 2015 Guidance – Vectren – slide 14
    Appendix Utility Cap Ex Utility growth driven by expected investments in gas system infrastructure in millions Forecast 5-Yr Total Utility Cap Ex 2014 2015 2016 2017 2018 2019 2015-2019 Indiana 167 165 210 185 160 165 885 Ohio…
  15. Review of 2014 Results and 2015 Guidance – Vectren – slide 15
    Appendix Infrastructure Services Metrics 12 Months 3 Months 2015E Ended Dec 31 Ended Dec 31 in millions Midpoint 2014 2013 2014 2013 Gross Revenue 850 779.0 783.5 232.5 203.0 Gross Margin as % of Gross Revenue 18% 18% 18% 18%…
  16. Review of 2014 Results and 2015 Guidance – Vectren – slide 16
    Appendix Infrastructure Services Estimated Backlog General Description of Types of Customer Contracts for Infrastructure Services Infrastructure Services operates primarily under two types of contracts blanket contracts and bid…
  17. Review of 2014 Results and 2015 Guidance – Vectren – slide 17
    Appendix Energy Services Metrics 12 Months 3 Months 2015E Ended Dec 31 Ended Dec 31 in millions Midpoint 2014 2013 2014 2013 Revenue 250 129.8 91.3 37.3 27.5 Gross Margin as % of Revenue 19% 24% 27% 22% 26% EBITDA (1) 9 (5.9)…
  18. Review of 2014 Results and 2015 Guidance – Vectren – slide 18
    Appendix Non-GAAP Measures The following table reconciles consolidated net income, consolidated basic EPS, and Nonutility Group net income to those results excluding Coal Mining results in 2014 and ProLiance results in 2013, the…
  19. Review of 2014 Results and 2015 Guidance – Vectren – slide 19
    Appendix Use of Non-GAAP Performance Measures and Per Share Measures Results Excluding Coal Mining and ProLiance Management uses consolidated net income, consolidated earnings per share, and Nonutility Group net income, excluding…

From the store

Browse maps, data & reports in the Shale Experts store