2022 Janney Virtual Gas & Electric Utilities Conference

January 12, 2022

Today's

Presenters

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Beth Cooper

Executive Vice President,

Chief Financial Officer and

Assistant Corporate Secretary

Alex Whitelam

Head of Investor Relations

Forward Looking Statements and Other Disclosures

Safe Harbor Statement

Some of the Statements in this document concerning future Company performance will be forward- looking within the meanings of the securities laws. Actual results may materially differ from those discussed in these forward-looking statements. You should refer to the additional information contained in Chesapeake Utilities' Annual Report on Form 10-K for the year ended December 31, 2020 filed with the SEC and other subsequent SEC filings concerning factors that could cause those results to be different than contemplated in today's discussion.

Reg D Disclosure

Today's discussion includes certain non-GAAP financial measures as defined under SEC Regulation D. Although non-GAAP measures are not intended to replace GAAP measures for evaluation of Chesapeake's performance, Chesapeake believes that portions of the presentation, which include certain non-GAAP financial measures, provide a helpful comparison for an investor's evaluation purposes.

Gross Margin (Non-GAAP Measure)

Gross Margin is determined by deducting the cost of sales from operating revenue. Cost of sales includes the purchased fuel cost for natural gas, electric and propane distribution operations and the cost of labor spent on different revenue-producing activities and excludes depreciation, amortization and accretion. Other companies may calculate gross margin in a different manner.

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Company Overview

  • 160+ - Years providing energy
  • ~1,000 - Employees at Dec. 31, 2021
  • ~300,000 - Distribution customers
  • $2.02 billion - Total Assets at Sept. 2021
  • 24% - Growth in Net Income from Continuing Operations (9 months ending Sept. 2021)
  • 25% - Growth in Net Income from Continuing Operations
    (12 months ending Sept. 2021)
  • 14th Year - of record earnings growth in 2020
  • 60 Years - of consecutive dividends in 2021

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Natural Gas Transmission

States Served

DE, MD, PA

FL

Natural Gas Distribution

States Served

DE, MD

MD

MD

FL

Electric Distribution

States Served

FL

Business Overview

Strong Base of Regulated Utilities

2020 Operating

Income

Regulated

82%

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Disclaimer

Chesapeake Utilities Corporation published this content on 12 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 January 2022 14:45:02 UTC.