Northwest Natural (NWN) Investor Presentation - Slideshow

Financial Performance and Growth Targets - NW Natural Holdings targets EPS growth of 3%-5% over the next five years[13] - The company anticipates gas utility customer growth of 1.7%+ per year[9, 13] - A five-year capital plan of $820-$910 million for the gas utility is expected to result in a rate base growth of 4%-6%[13] - The company's water growth strategy includes a $30-$40 million five-year capital plan[13] Gas Utility Operations - The gas utility serves 2 million people through more than 750,000 meters in Oregon and southwest Washington[11, 21] - The company has a diverse resource portfolio, with 60% of its gas supply from Canada and 40% from the Rockies[23] - The Mist Gas Storage Facility has a capacity of 16 Bcf, with 11 Bcf serving utility customers and 5 Bcf under long-term contracts[23] - A 3 Bcf North Mist storage expansion is underway to serve a single customer under a long-term contract[24] Water Utility Strategy - The company aims to grow its water utilities to provide incremental earnings growth and diversity[13] - The company is pursuing a deliberate and disciplined roll-up strategy in the fragmented water and wastewater industry[14, 51] - Pending and closed transactions will serve 45,000 people through 18,000 connections in Oregon and Washington[58] Regulatory and Environmental Initiatives - The company has a target of 30% carbon emissions savings associated with current and new customers by 2035, from a 2015 baseline[17] - Oregon customers rates declined 1.6% from the combined effect of the Oregon general rate case and annual Purchase Gas Adjustment (PGA) for the 2018-19 gas year[43] - The company is requesting an $8.3 million increase in revenue requirement in the Washington 2019 rate case[46]