UGI (UGI) Investor presentation summary

Strategic vision and values

• Focused on delivering positive energy daily, with a vision for strong customer loyalty by 2030 and a commitment to safety, sustainability, and employee well-being.

• Core values include problem-solving, ownership, ethics, teamwork, innovation, and courage.

Business overview and segment highlights

• Operates in 10 countries, serving 2.4 million customers with 9,400 employees and a 141-year dividend history.

• Business segments: regulated utilities (natural gas), midstream & marketing, international LPG, and AmeriGas Propane.

• Utilities: 2nd largest gas utility in PA, largest in WV, with 9%+ expected rate base CAGR (FY26-29).

• UGI International: leading LPG distributor in 9 European countries, ~15% ROCE, $800M+ FCF (3-year LTM).

• AmeriGas: largest US retail LPG distributor, operational transformation underway, recent credit rating upgrades.

Financial performance and outlook

• Targeting 5-7% adjusted EPS CAGR (FY24-FY29) and leverage ratio ≤3.75x.

• 141 consecutive years of dividend payments, with a 5%+ average dividend yield.

• FY25 adjusted diluted EPS: $3.32 (up from $3.06 in FY24); YTD FY26 adjusted diluted EPS: $3.35.

• YTD FY26 GAAP diluted EPS: $3.68 vs $3.93 YTD FY25; updated FY26 adjusted diluted EPS guidance: $2.75–$2.90.

• Strong free cash flow: $1B+ global LPG FCF (3-year LTM), $390M UGI Corp FCF in FY25.