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OFFON

SPIRE INC.

(SR)
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Spire : Investor Presentation September 2021

09/15/2021 | 10:02pm EST

Stepping forward

Investor Presentation

September 2021

Spire is a compelling investment

90%+ regulated

Robust 5-year

5-7%long-term

Growing

Strong ESG

business mix

capex plan

EPS growth

dividend for

performance

18 consecutive

including

7-8% annual

years

environmental

rate base

sustainability

growth

Attractive yield

of 3.8%1

1Based on $2.60 per share dividend and SR average stock price of $69.22 for the period Aug. 2 - Sept. 10, 2021.

2 S p i r e | I n v e s t o r p r e s e n t a t i o n - S e p t e m b e r 2 0 2 1

Stepping forward

  • Executing to deliver great service and operating performance
  • We posted solid Q3 FY21 earnings, comparable to last year
  • Continuing robust capital investment focused on utility system upgrades
  • Advancing our industry and supporting our environmental commitment
  • Working to ensure STL Pipeline continues to provide energy to the homes and businesses we serve
  • Completing Missouri rate review

3 Spiire | Investor presentatiion - SAeupgtuesmt b2e0r221 0 2 1

Spire STL Pipeline is critical energy infrastructure

  • STL Pipeline has been in service since November 2019, after being approved by FERC following a thorough, rigorous regulatory review
  • Essential to reliably serving 650,000+ homes and businesses in eastern MO
  • Diversifies supply via access to Marcellus and Utica production basins
  • Key resource during Winter Storm Uri
    • 133,000 customers would have been without service
    • Gas costs would have been at least $300M higher
  • Without it, providing reliable and affordable energy this winter is jeopardized
    • Ability to secure new pipeline capacity is significantly constrained
    • Supply not able to be replaced based on current market and operating conditions
    • Leading to potential curtailments and service disruptions effecting up to 400,000 homes and businesses in an extreme weather event

4 S p i r e | I n v e s t o r p r e s e n t a t i o n - S e p t e m b e r 2 0 2 1

Ensuring STL Pipeline remains in operation

  • DC Court of Appeals ruled June 22 in case brought by EDF that challenged STL
    Pipeline's operating certificate issued by the FERC
    • Ruling vacated certificate (issued a vacatur mandate) requiring shutdown of pipeline
    • Remanded certificate process back to FERC
  • Spire filed application with FERC for Temporary Emergency Certificate July 26
    • Commission set 30-day comment period (to Sept. 7) with reply comments due Oct. 5
    • We have strong third-party support for STL Pipeline
  • Spire requested rehearing and reconsideration of vacatur from DC Court Aug. 5
    • Sept. 7:DC Court denied request with mandate (pipeline shutdown) effective Sept. 14
    • Sept. 13:Spire filed a motion for stay of the vacatur
    • Sept. 14:FERC issued temporary certificate, allowing pipeline to operate for 90 days, while Commission evaluates our emergency certificate application

5 S p i r e | I n v e s t o r p r e s e n t a t i o n - S e p t e m b e r 2 0 2 1

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Spire Inc. published this content on 15 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 September 2021 02:01:09 UTC.


© Publicnow 2021
All news about SPIRE INC.
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Analyst Recommendations on SPIRE INC.
More recommendations
Financials (USD)
Sales 2022 2 126 M - -
Net income 2022 204 M - -
Net Debt 2022 3 395 M - -
P/E ratio 2022 15,8x
Yield 2022 4,44%
Capitalization 3 178 M 3 178 M -
EV / Sales 2022 3,09x
EV / Sales 2023 3,29x
Nbr of Employees 3 710
Free-Float 81,3%
Chart SPIRE INC.
Duration : Period :
Spire Inc. Technical Analysis Chart | SR | US84857L1017 | MarketScreener
Technical analysis trends SPIRE INC.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 10
Last Close Price 61,49 $
Average target price 69,30 $
Spread / Average Target 12,7%
EPS Revisions
Managers and Directors
Suzanne Sitherwood President, Chief Executive Officer & Director
Steven P. Rasche Chief Financial Officer & Senior Vice President
Edward L. Glotzbach Chairman
Ryan L. Hyman VP & CIO-Information Technology Services
Steven L. Lindsey Chief Operating Officer & Executive Vice President
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