UGI Corporation Investor Day Recap

VALLEY FORGE, Pa.--(BUSINESS WIRE)--

UGI Corporation UGI held its biennial Investor Day in New York City on December 8, 2016. As discussed during the meeting, UGI continues to be a balanced growth and income investment with objectives to grow its adjusted earnings per share by 6-10% annually and its dividend by 4% annually. The presentations included an overview of UGI's strategy from John Walsh, president and chief executive officer of UGI, a discussion of UGI's financial outlook from Kirk Oliver, UGI's chief financial officer, and discussions of key initiatives from the leaders of each of UGI's four business units:

                 
Business Unit       Primary Growth Drivers      

Targeted Adjusted
EPS Growth by
Business Unit1

UGI Utilities

Bob Beard – President and CEO

      Rate base and customer growth       5% to 7%
Energy Services

Brad Hall – President

     

Extension of Marcellus asset
network

      8% to 10%
AmeriGas Propane

Jerry Sheridan – President and CEO

     

Cylinder Exchange and National
Accounts programs and
acquisitions

      7% to 10%
UGI International

Roger Perreault - President

     

Finagaz integration, disciplined
margin management and region-
specific growth strategies

      5% to 8%

1 Long-term targeted earnings contribution growth by business unit to UGI Corporation.

In addition to the prepared remarks, attendees were invited to attend four informational specialty sessions covering the following topics:

  • UGI Utilities – Growth capital and recovery mechanisms
  • Energy Services – LNG strategy and asset portfolio
  • AmeriGas Propane – Use of technology to improve customer service and drive efficiency
  • UGI International – European propane business highlights

Materials from UGI's Investor Day and a replay of the webcast are available in the Investor Relations section of UGI's website at http://www.ugicorp.com.

About UGI Corporation

UGI Corporation is a distributor and marketer of energy products and services. Through subsidiaries, UGI operates natural gas and electric utilities in Pennsylvania, distributes LPG both domestically and internationally, manages midstream energy and electric generation assets in Pennsylvania, and engages in energy marketing in the Mid-Atlantic region. UGI, through subsidiaries, is the sole General Partner and owns 26% of AmeriGas Partners, L.P. APU, the nation's largest retail propane distributor.

Comprehensive information about UGI Corporation is available on the Internet at http://www.ugicorp.com.

UGI Corporation
Will Ruthrauff, 610-337-1000, ext. 6571
Shelly Oates, 610-337-1000, ext. 3202

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