diversified earnings -...

2012 Fact Sheet

INVESTMENT HIGHLIGHTS ● A fundamentally related yet diversified set of businesses mitigate risk, diversify income, and provide unique growth opportunities ● Proven strategy for achieving explicit financial goals through operational excellence, organic growth, and acquisitions ● Significant cash generation offers balanced growth and income through dividend increases and above-average earnings growth ● An unparalleled dividend track record: UGI has made uninterrupted dividend payments for 128 years and dividend increases for the past 25 consecutive years

NYSE: UGIFounded: 1882Employees: 13,300Annual dividend rate: $1.08

UGI is a distributor and marketer of energy products and services.

Regulated26%

Unregulated74%

CATEGORY

GEOGRAPHY

Europe17%

USA83%

COMMODITIES

Gas & Electric56%

Propane44%

BUSINESSESMidstream, Marketing & Generation30%

Utilities26%

InternationalPropane17%

AmeriGas Propane27%

Through subsidiaries, UGI operates natural gas and electric utilities in Pennsylvania, distributes propane both domestically and internationally, manages midstream energy and electric generation assets in Pennsylvania, and engages in energy marketing in the Mid-Atlantic region. UGI, through subsidiaries, is the sole General Partner and owns 26% of AmeriGas Partners, L.P. (NYSE:APU), the nation’s largest retail propane distributor.

EXPLICIT FINANCIAL GOALS

● Grow EPS 6% to 10% on average● Increase dividends 4% per year● Generate $100MM+ of investable cash● Maintain dividend payout ratio in the range of 35% to 45%

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UGIC O R P O R AT I O N

$2.50

$2.00

$1.50

$1.00

$0.50

$0.00FY03

FY04

EPS Div/sh

13.0%10 Yr CAGR

7.3%10 Yr CAGR

LONG - TERM TRACK RECORD

FY05

FY06

FY07

FY08

FY09

FY10

DIVERSIFIED EARNINGS

UGI has paid dividends for 128 years and has 25 consecutive years of dividend increases.

FY11

FY02

UGI Corporation ● PO Box 858, Valley Forge, PA 19482 ● Simon Bowman, Manager, Investor Relations & Treasury ● (610) 768-3645 ● bowmans@ugicorp.com

GAS & ELECTRICPROPANE

Regulated Utilities

• Pennsylvania’s largest gas utility serving 45 of Pennsylvania’s 67 counties

• Attractive and growing service area (customer growth of 1-2% annually)

• Positioned to benefit from Marcellus Shale supply developments

Midstream & Marketing

• Commodity marketing business supplying over 100 bcf of gas and 2 MM MWhrs of power to 40,000 commercial and industrial users throughout the Mid-Atlantic region

• Midstream business includes natural gas peaking facilities, storage assets, and pipelines

• Electric generation assets include coal, natural gas, landfill gas, and solar power

• Key projects include over $300 million in natural gas storage and transportation assets to leverage UGI’s existing infrastructure and build a significant midstream business in the Marcellus Shale area

Domestic

International

Diversified Businesses Contribute to Earnings and Cash Flow Generation While Mitigating Risk

U T I L I T I E S , I N C .

• The nation’s largest retail propane marketer, serving over two million customers in all 50 states from over 2,000 locations.

• Leading provider in a highly fragmented market provides unmatched geographic coverage, end-use diversity, and purchasing advantage

• Strong track record of acquisition integration and distribution increases

• Leading LPG distributor in Central, Eastern and Northern Europe

• Operations in 11 countries

UGI Corporation ● PO Box 858, Valley Forge, PA 19482 ● Simon Bowman, Manager, Investor Relations & Treasury ● (610) 768-3645 ● bowmans@ugicorp.com

• Leading retail LPG distributor in France with a market share greater than 20%

• Market leader in Belgium, Luxembourg, and Netherlands

• Leading LPG distributor in the U.K.

• Established in 2011 through the acquisition of Shell Gas UK (LPG)