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Fourth Quarter & Year End 2014 Earnings – Nisource Inc.

Nisource Inc. · Feb 18, 2015 · 20 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. Fourth Quarter & Year End 2014 Earnings – Nisource Inc. – slide 1
    Supplemental Slides Fourth Quarter & Year-End 2014 Earnings February 18, 2015
  2. Fourth Quarter & Year End 2014 Earnings – Nisource Inc. – slide 2
    Key Takeaways Year-End 2014 Financial results of 1.72 per share exceed 2014 guidance* Delivered 32% total shareholder return Executed a record 2.2 billion of capital investments Significant regulatory progress, enhanced…
  3. Fourth Quarter & Year End 2014 Earnings – Nisource Inc. – slide 3
    Year-End 2014 Financial Highlights Results Exceed Full-Year Earnings Guidance Range Non-GAAP* 2014 2013 Change* Net Operating Earnings 542.5 493.9 48.6 from Continuing Operations (M) Net Operating Earnings Per Share 1.72 1.58…
  4. Fourth Quarter & Year End 2014 Earnings – Nisource Inc. – slide 4
    Financing Highlights Delivering on Current Plan, Positioning for Separation Continued strong liquidity position of 720M as of Dec. 31, 2014 76% of infrastructure investments focused on revenue-generating opportunities in 2014…
  5. Fourth Quarter & Year End 2014 Earnings – Nisource Inc. – slide 5
    Columbia Pipeline Group Year-End 2014 Expected Investment Inventory of 12 to 15 Billion Over 10 Years Operating earnings 490.7M in 2014 vs. 441.2M in 2013* 320M modernization cost-recovery filing made with the FERC; recovery began…
  6. Fourth Quarter & Year End 2014 Earnings – Nisource Inc. – slide 6
    Electric Operations Year-End 2014 10B Inventory of Expected Long-Term Infrastructure Investments Operating earnings 287.7M in 2014 vs. 265.3M in 2013* FGD on Schahfer Unit 15 placed in service on time and on budget in December 2014…
  7. Fourth Quarter & Year End 2014 Earnings – Nisource Inc. – slide 7
    NiSource Gas Distribution Year-End 2014 20B+ Inventory of Expected Long-Term Infrastructure Investments Operating earnings 517.4M in 2014 vs. 448.8M in 2013* New rates in effect at Columbia Gas of Pennsylvania - 33 million annual…
  8. Fourth Quarter & Year End 2014 Earnings – Nisource Inc. – slide 8
    NiSource Key Takeaways 2015 Continued Solid Growth Projected Across Pipeline & Utility Businesses Deliver on current NiSource business strategy - Continued execution of infrastructure investments, regulatory strategy, project…
  9. Fourth Quarter & Year End 2014 Earnings – Nisource Inc. – slide 9
    Supplemental Slides Predecessor Fourth Quarter & Year-End 2014 Earnings February 18, 2015
  10. Fourth Quarter & Year End 2014 Earnings – Nisource Inc. – slide 10
    Columbia Pipeline Partners A Best-In-Class Master Limited Partnership Strong and Supportive Sponsor Experienced Stable and Leadership Predictable Team Cash Flows Financial Robust Growth Strength & Profile Flexibility…
  11. Fourth Quarter & Year End 2014 Earnings – Nisource Inc. – slide 11
    Columbia Pipeline Partners A Best-In-Class Master Limited Partnership 54M units offered at 23 each 1.2B offering 500M revolving credit facility in place, effective at IPO Columbia Pipeline Partners LP Predecessor Historical…
  12. Fourth Quarter & Year End 2014 Earnings – Nisource Inc. – slide 12
    NiSource Appendix Fourth Quarter & Year-End 2014 Earnings February 18, 2014
  13. Fourth Quarter & Year End 2014 Earnings – Nisource Inc. – slide 13
    Capital Expenditures (M) 2014 Actual and 2015 Forecasted CapEx 2,184M 2,405M 63 41 1,059 844 439 391 860 892 2014 2015 Gas Distribution Electric Pipeline Group Corporate 2015 Growth & Tracker 1,875M (78%)…
  14. Fourth Quarter & Year End 2014 Earnings – Nisource Inc. – slide 14
    Capitalization (M) Total Debt to Capitalization 61.8% as of 12/31/14 Actual 12/31/2014 Actual 12/31/2013 Debt Equity Total Debt Equity Total Long-Term Debt 8,155.9 - 8,155.9 7,593.2 - 7,593.2 Short-Term Debt 1,292.6 - 1,292.6…
  15. Fourth Quarter & Year End 2014 Earnings – Nisource Inc. – slide 15
    Current Liquidity (M) Actual 12/31/14 Maturity Committed Credit Facility* 2,000 September 2018 Less: Drawn on Credit Facility (500) Commercial Paper (1,105) Letters of Credit (15) Add: Cash & Equivalents 25 Net…
  16. Fourth Quarter & Year End 2014 Earnings – Nisource Inc. – slide 16
    CPG Regulated Pipeline & Storage Growth Update 7-9B Opportunity (10 Years) Project CapEx In-Service 1 1 Millennium 90M (NI: 45M) 2Q 13 & 1Q 14 Marcellus: Deliver Marcellus supplies to multiple markets with expanded compression at…
  17. Fourth Quarter & Year End 2014 Earnings – Nisource Inc. – slide 17
    CPG Midstream & Minerals Growth Update 2B Opportunity (10 Years) 15 22 16 20 18 14 Project CapEx In-Service 17 13 Majorsville 85M 3Q 10 Marcellus: Gathers wet gas to processing facility and provides downstream pipeline 19 market…
  18. Fourth Quarter & Year End 2014 Earnings – Nisource Inc. – slide 18
    Electric Operations Infrastructure Investment Update Upgrade Generation Fleet (2B Opportunity) 6,7 Project CapEx In-Service 6,7 4,5 1 U14 FGD 250M YE13 4,5 3 ECRM (Environmental Cost Recovery Mechanism - 100% Tracked) FGD (Flue Gas…
  19. Fourth Quarter & Year End 2014 Earnings – Nisource Inc. – slide 19
    NGD Infrastructure Investment Update Infrastructure Modernization Programs 3 (20B Opportunity) 10 Annual Investment 1 Columbia Gas of Ohio 175M - 200M 20+ Years Tracked: Execution of established Infrastructure Replacement Program;…
  20. Fourth Quarter & Year End 2014 Earnings – Nisource Inc. – slide 20
    Key Path Forward 2014 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 Markers Completed Separation (NiSource / CPG) Recapitalization Columbia Pipeline Partners MLP (IPO) Liquidity Term Loan Issuance: 750M (3-year) LT Debt…

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