UGI Corporation (NYSE:UGI) Q2 2021 Earnings Conference Call May 6, 2021 9:00 AM ET Company Participants Tameka Morris - Director, Investor Relations John Walsh - President and Chief Executive Officer, Vice Chair of AmeriGas Propane, Inc. Ted Jastrzebski - Chief Financial Officer Robert Beard - Executive Vice President, Natural Gas, Chief Executive Officer, UGI Utilities, Inc. Roger Perreault - Executive Vice President, Global LPG, President UGI International, LLC. Conference Call Participants Marc Solecitto ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission file number 1-11071 UGI CORPORATION (Exact name of registrant as specified in its charter) Pennsylvania 23-2668356 ( ...

Financial Data and Key Metrics Changes - UGI Corporation reported Q1 GAAP EPS of $1.44 and adjusted EPS of $1.18, slightly above the prior year's adjusted EPS of $1.17 despite warmer weather conditions [9][20][19] - Reportable segments EBIT was $414 million, down from $419 million in the prior year [15][16] - Year-to-date cash provided by operating activities grew by 28% compared to the same period last year, with available liquidity of $1.5 billion [18][19] Business Line Data and Key Metrics Changes - AmeriGas reported EBIT of $141 million, down from $165 million in the prior year, primarily due to 8.2% warmer weather and COVID-19 impacts [24][30] - UGI International achieved EBIT of $136 million, up from $100 million in fiscal 2020, benefiting from strong crop drying and heating-related bulk volumes [26][29] - Midstream and marketing reported EBIT of $59 million, roughly flat compared to the prior year despite warmer weather [29] Market Data and Key Metrics Changes - The A Cylinder Exchange program at AmeriGas saw a 25% increase in total volumes compared to the same period last year, driven by changing consumer habits due to the pandemic [12] - UGI Utilities added over 3,900 new heating customers, indicating growth in the customer base [13] Company Strategy and Development Direction - UGI announced the acquisition of Mountaineer Gas Company, the largest LDC in West Virginia, to expand its gas utilities business [6][34] - The company is investing in renewable natural gas projects, including a utility-scale project in Idaho and a partnership for bioLPG in Europe, to enhance its ESG efforts [7][55][49] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate challenges posed by warmer weather and the pandemic, highlighting the strength of its diversified business model [5][21] - The company expects the full-year impact of COVID-19 to remain within the previously estimated $0.10 range [20][58] Other Important Information - UGI has paid common dividends for 136 consecutive years and raised its dividend for the last 33 years [19] - The company is focused on long-term infrastructure replacement programs and expects to establish new record levels of replacement spending in fiscal '21 [14] Q&A Session Summary Question: Why was the AmeriGas business total margin down year-over-year despite cylinder volume increases? - Management indicated that weather was the primary factor impacting volume, coupled with COVID-19's effects on specific segments like commercial volumes [66][67] Question: Can you provide details on the bioLPG partnership in Europe? - The partnership involves converting bioethanol to bioLPG, with potential for small-scale projects across various markets, including the Nordic countries [70][71] Question: What are the expected returns on renewable natural gas investments? - Management is targeting returns that support long-term earnings growth, with positive early indications from renewable solutions investments [92] Question: Will the cylinder exchange business see lasting impacts post-pandemic? - Management believes consumer habits have changed, leading to sustained demand for outdoor dining and cylinder exchange services [94][95]

1 1 1 Fiscal 2021 First Quarter Results John L. Walsh President & CEO, UGI Corporation Ted J. Jastrzebski Chief Financial Officer, UGI Corporation Robert F. Beard Executive Vice President Natural Gas, UGI Corporation Roger Perreault Executive Vice President Global LPG, UGI Corporation About This Presentation This press release contains statements, estimates and projections that are forward-looking statements (as defined in Section 21E of the Securities Exchange Act of 1934, as amended). Management believes ...

llic THE FOUNDATION OF A RENEWABLE ENERGY FUTURE DECEMBER 7, 2020 Our Management Team Welcomes You UGI Corporation John Walsh President & CEO Ted Jastrzebski CFO Robert Beard Executive VP, Natural Gas Roger Perreault Executive VP, Global LPG 2 Our Agenda Today UGI Corporation | --- | --- | |---------------------------------|-------| | | | | A Foundation for the Future | | | Our Natural Gas Strategic Focus | | | | | | Our Global LPG Strategic Focus | | | Our Financial Overview | | | Q&A Q | | 3 About This Pr ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTIONS 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2020 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission file number 1-11071 UGI CORPORATION (Exact name of registrant as specified in its charter) (State or Other Jurisdiction of In ...

UGI Corporation (NYSE:UGI) Q4 2020 Earnings Conference Call November 19, 2020 9:00 AM ET Company Participants Alanna Zahora - IR Manager John L. Walsh - President and CEO Ted J. Jastrzebski - CFO Robert F. Beard - EVP, Natural Gas Roger Perreault - EVP, Global LPG Conference Call Participants Shneur Gershuni - UBS Marc Solecitto - Barclays Operator Ladies and gentlemen, thank you for standing by and welcome to the UGI Corporation Fiscal 2020 Earnings Conference Call. At this time, all participants are in a ...

Table of Contents FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Commission file number 1-11071 UGI CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission file number 1-11071 UGI CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission file number 1-11071 UGI CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdict ...