Chesapeake Utilities : Janney Virtual Gas & Electric Utilities Conference
January 12, 2022 at 09:46 am
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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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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.
Chesapeake Utilities Corporation is an energy delivery company operates primarily in the Mid-Atlantic region, North Carolina, South Carolina, Florida and Ohio. It is engaged in the distribution of natural gas, electricity and propane, the transmission of natural gas, the generation of electricity and steam, and in providing related services to its customers. Its Regulated Energy segment includes energy distribution and transmission services (natural gas distribution, natural gas transmission and electric distribution operations). Its Unregulated Energy segment includes energy transmission, energy generation (the operations of its Eight Flags' CHP plant), propane distribution operations, mobile compressed natural gas distribution and pipeline solutions operations, and sustainable energy investments, including renewable natural gas. It also includes other unregulated energy services, such as energy-related merchandise sales and heating, ventilation and air conditioning, and others.