1 1 1 Fiscal 2022 Second Quarter Results Ro ge r Pe r re a u l t President and CEO, UGI Corporation Te d J . J a st r ze bs k i Chief Financial Officer, UGI Corporation Ro b e r t F. B e a rd Executive Vice President, Natural Gas, Global Engineering & Construction and Procurement About This Presentation This presentation contains forward-looking statements, including estimates and projections, within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exch ...

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, 2022 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 (Sta ...

Financial Data and Key Metrics Changes - UGI reported adjusted EPS of $1.91 for Q2 2022, a decrease from $1.99 in the prior year [7][14] - Adjusted EBIT for reportable segments was $631 million, consistent with the previous fiscal year [7][15] - The company expects adjusted EPS for fiscal 2022 to be within a revised guidance range of $2.90 to $3 [7][28] Business Line Data and Key Metrics Changes - AmeriGas reported a $12 million decrease in EBIT compared to the prior year, with retail volume declining by 8% [17][20] - UGI International's EBIT decreased to $120 million from $149 million in the prior year, despite a 2% increase in retail volumes [21][22] - The utility segment reported EBIT of $194 million, an increase of $52 million from the prior year, driven by higher volumes and base rate increases [26] Market Data and Key Metrics Changes - The LPG business at UGI International implemented price increases to mitigate higher commodity costs [10] - The company experienced significant increases in volatility in natural gas and power prices, particularly after geopolitical events [23] Company Strategy and Development Direction - UGI is focused on reliable earnings growth, targeting 6% to 10% EPS growth and 4% dividend growth [36] - The company is pursuing a renewables strategy, including agreements to purchase and distribute renewable LPG and investments in renewable energy projects [11][12] - A strategic review of the energy marketing business is underway, with options including potential exit from the business [31][44] Management's Comments on Operating Environment and Future Outlook - Management highlighted the resilience of the business amid a dynamic macroeconomic and geopolitical environment [6][34] - The company anticipates recovering nearly half of the energy marketing loss by the end of the fiscal year due to price increases and cost control actions [30][43] - Management expressed confidence in the ability to manage costs and improve margins moving forward [45][46] Other Important Information - UGI's available liquidity at quarter-end was $1.9 billion, up from $1.6 billion in the prior year [27] - The Board of Directors increased the quarterly dividend to $0.36 per share, marking the 138th consecutive year of dividend payments [27] Q&A Session Summary Question: Can you provide more detail on the recovery of energy marketing losses? - Management indicated that they expect to recover approximately half of the $80 million loss in EBIT attributed to the energy marketing business by implementing price increases and cost control measures [41][43] Question: What is the average remaining contract life for existing full requirement contracts in energy marketing? - Contracts typically have a duration of 2 to 3 years, with the company ceasing to sign new contracts [52][53] Question: How should we view the new FY '22 guidance in relation to long-term growth targets? - The new guidance of $2.90 to $3 is considered a base for long-term growth commitments, with historical growth rates still applicable [47][48]

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 (I.R.S. Employer Identification No.) 460 North Gulph Road, King of Prussia, PA 19406 (Address of Principal Executive Offices) (Zip Code) (610) 337-1000 For the quarterly period ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period f ...

1 1 1 Fiscal 2022 First Quarter Results Ro ge r Pe r re a u l t President and CEO, UGI Corporation Te d J . J a st r ze bs k i Chief Financial Officer, UGI Corporation Ro b e r t F. B e a rd Executive Vice President, Natural Gas, Global Engineering & Construction and Procurement About This Presentation This presentation contains forward-looking statements, including estimates and projections, within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Excha ...

UGI Corporation (NYSE:UGI) Q1 2022 Earnings Conference Call February 3, 2022 9:00 AM ET Company Participants Tameka Morris - Director, Investor Relations Roger Perreault - President and CEO Ted Jastrzebski - Chief Financial Officer Bob Beard - Executive Vice President, Natural Gas, Global Engineering & Construction, and Procurement Conference Call Participants Kody Clark - Bank of America Operator Hello. Thank you for standing by. And welcome to the UGI Corporation First Quarter Fiscal 2022 Earnings Confere ...

1 1 1 Fiscal 2021 Results Ro ge r Pe r re a u l t President and CEO, UGI Corporation Te d J . J a st r ze bs k i Chief Financial Officer, UGI Corporation Ro b e r t F. B e a rd Executive Vice President, Natural Gas, Global Engineering & Construction and Procurement About This Presentation This presentation 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 that these are reason ...

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, 2021 ☐ 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 ...

Financial Data and Key Metrics Changes - UGI Corporation achieved record earnings with GAAP EPS of $6.92 and adjusted EPS of $2.96, an 11% increase from the previous year [4][5] - The company reported a 34th consecutive year of increasing dividends, with a 7.2% dividend growth rate and a 7.7% EPS growth rate over the past decade [5] - Adjusted diluted EPS for fiscal 2021 was $2.96 compared to $2.67 in the prior year, with significant adjustments related to commodity price changes and transformation initiatives [17][18] Business Line Data and Key Metrics Changes - UGI International delivered record performance, benefiting from normal weather conditions and strong margin management [5][9] - AmeriGas reported a $12 million increase in EBIT, despite a 2% decline in retail volume due to COVID-19 impacts [22] - The Natural Gas business reported EBIT of $190 million, up from $168 million in fiscal 2020, driven by improved margins and capacity management [25] Market Data and Key Metrics Changes - Average wholesale propane prices in the U.S. increased by approximately 97% compared to fiscal 2020, while UGI International saw a 52% increase in Europe [18] - The PA gas utility added over 12,000 new residential and commercial heating customers, contributing to core market volume growth [26] Company Strategy and Development Direction - The company aims to continue reliable earnings growth, invest in renewable energy solutions, and rebalance its portfolio towards a more equal split between LPG and Natural Gas [6][15] - UGI is committed to a 55% reduction in Scope 1 greenhouse gas emissions by 2025 and has established partnerships for renewable natural gas production [11][12] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about growth prospects and the ability to maintain momentum from 2021 into 2022 [6][31] - The fiscal 2022 guidance for adjusted EPS is projected to be in the range of $3.05 to $3.25, reflecting expected reliable earnings growth [27][30] Other Important Information - The company has a strong liquidity position with $2.2 billion available, which is approximately $700 million more than the prior year [27] - UGI's transformation initiatives are expected to yield over $150 million in annual benefits by the end of fiscal 2022 [11] Q&A Session Summary Question: Did the SEC inquiries lead to a change in accounting practices? - Management acknowledged awareness of inquiries during the creation of the new instrument and confirmed a shift to the If-Converted Method for accounting, impacting FY2021 results by $0.03 [35] Question: How much unutilized capacity exists on the Midstream System? - Management confirmed excess capacity on the acquired Columbia Midstream System and expressed ongoing interest in Midstream investments [36][37] Question: How is the company managing margins in the global LPG business? - Management stated that margin management remains strong, with a hedging process in place to adjust prices according to commodity costs [39] Question: Has volatility in European gas markets impacted the International Gas Marketing business? - Management confirmed that the business model locks in margins, and recent commodity cost increases have led to substantial mark-to-market gains [42][43] Question: How is GHI positioned for scalability in renewable projects? - Management expressed confidence in GHI's capabilities to handle upcoming projects and highlighted a commitment to invest over $1 billion in renewable energy [45]

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 June 30, 2021 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 (Stat ...