Otter Tail : Q2 2025 Investor Meetings Presentation

Published: 2025-06-30 01:20:47 ET OTTR

Published on 06/30/2025 at 01:20

Q2 2025

Investment Thesis

Uninterrupted dividend for 86 years, part of

9-11% TSR target

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Strategic diversification for growth over longterm cycles

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ELECTRIC MANUFACTURING

Founded in 1907

Serve approximately 134,000 customers in MN, ND, SD

Regulated and vertically integrated electric utility

Owned and operated for over 20 years

Utility industry leading ROE and TSR track record

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Internally financed investment: Growth without equity needs

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Diverse end-markets

High utilization of asset base

Targeted

earnings mix:

65% Electric / 35% Manufacturing

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Long-term EPS growth rate: 6-8%

03

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Build top performing companies in a diversified organization with an electric utility as the foundation

Deliver value by building strong electric utility and

manufacturing platforms

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For our shareholders we deliver above average returns through commercial and operational excellence and growing our businesses

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For our customers we commit to quality and value in everything we do

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For our employees we provide an environment of opportunity with

accountability where all people are valued and empowered to do their best work

Living our Values

Integrity, Safety, People,

Performance, Community

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Strategic Diversification

Electric platform has significant rate base growth plan,

and our manufacturing platform generates incremental cash to help fund the plan

To navigate long-term cycles and consistently achieve targeted 9-11% TSR

Growth opportunities with

existing customers

Opportunities to deploy capital with attractive

rates of return historically and going forward

MANUFACTURING

Consistently accretive returns with limited capital needs enabling utility rate base growth

without equity issuance

Preserves our ability to fund the dividend

Improves credit quality

Lowers overall risk to our portfolio

ELECTRIC

Delivers more predictable earnings stream

through consistent rate base growth

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Disclaimer

Otter Tail Corporation published this content on June 30, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on June 30, 2025 at 05:15 UTC.