RGC Resources (RGCO) Investor presentation summary

Operational and financial highlights

• No system outages in 2025; delivered 1.9M DTH in January, the second highest month ever, and on pace for over 11M DTH for the year.

• Installed 50% more main miles than in fiscal 2024 and expect to add 700+ new services.

• Customer base projected to grow steadily, reaching over 64,000 in 2025.

• Capital investment continues with a new five-year SAVE program and a rate base CAGR of 7.8% since 2016.

• Regulatory approval secured for $4.08M in new annual revenue and a 9.9% ROE on a 59% equity ratio.

Key projects and growth initiatives

• RRHA project (2022-2025) added $2.1M in utility plant across five properties, enhancing safety and removing master meters.

• Upcoming projects and regional opportunities include expansions in Craig, Montgomery, Botetourt, and Franklin counties, and Summit View Business Park.

• Operational training center and a culture of continuous learning with over 600 hours of training for 25 employees.

RGC Midstream and pipeline developments

• Mountain Valley Pipeline (MVP) in service as of June 14, 2024, improving system stability and regional power reliability.

• RGC Midstream cash distributions for fiscal 2025 totaled $3.64M, with modest net income contribution expected.

• New projects: Southgate pipeline (2028) and Boost expansion (2029) to increase capacity and regional reach.

• Refinanced $53.6M in Midstream loans into a single note maturing in 2032, with an effective 2025 interest rate of 4.67%.