Chesapeake Utilities (CPK) Investor presentation summary

Leadership and mission

• Executive team includes CEO Jeff Householder, CFO Beth Cooper, and EVP Jim Moriarty.

• Mission focuses on delivering energy to improve lives and communities.

• Vision emphasizes leadership in sustainable energy delivery.

• Core values are care, integrity, and excellence.

Business overview and growth

• Operates regulated and unregulated energy segments across multiple states, serving ~440,000 customers.

• Market capitalization stands at $2.9B as of September 2024.

• Over 20 years, total assets grew more than 10x, with adjusted EPS CAGR of 8%.

• Consistent top-quartile ROEs and significant organic and acquisitive growth.

Capital investment and project pipeline

• 5-year capital expenditure guidance of $1.5–$1.8B, with $1.3B already identified.

• Major projects include Worcester Resiliency Upgrade, Wildlight, and RNG initiatives.

• 2024 YTD capital spend at $257M, focused on growth, infrastructure, and technology.

• Most capital spend has regulatory approval or recovery mechanisms.