{
  "docId": "019de511-10e9-746a-9f00-960a366eb79a",
  "docSlug": "88e1e9b42a229b957b9ecdd4004bd4e7",
  "documentTitle": "NW Natural Holdings | Investor Conference Presentation Deck | 52 slides",
  "authorId": "nw-natural-holdings",
  "authorName": "NW Natural Holdings",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2021-06-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.7777778,
  "pageNumber": 36,
  "pageCount": 52,
  "prevPage": 35,
  "nextPage": 37,
  "slideType": "thesis_headline",
  "function": "present_solution",
  "density": "overcrowded",
  "nDataPoints": 1,
  "notes": null,
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de511-10e9-746a-9f00-960a366eb79a/36",
  "deckHref": "/decks/019de511-10e9-746a-9f00-960a366eb79a",
  "deckJsonHref": "/decks/019de511-10e9-746a-9f00-960a366eb79a.json",
  "deckAnchorHref": "/decks/019de511-10e9-746a-9f00-960a366eb79a#slide-36",
  "components": [
    {
      "bbox": {
        "h": 0.12,
        "w": 0.85,
        "x": 0.06,
        "y": 0.75
      },
      "kind": "list",
      "text": "Need for Substantial Investment: EPA estimates over $775 billion in water and wastewater capital needs nationally through 2040; Over long term, growing water business targeted to be an earnings driver and opportunity to deploy capital at attractive rates of return for infrastructure needs",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "28b4182c-248c-4349-8072-1590875e9071",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.85,
        "x": 0.06,
        "y": 0.45
      },
      "kind": "list",
      "text": "Aligns with Core Competencies: Customer service; Developing and managing critical distribution infrastructure safely and reliably; Environmental stewardship; Constructive regulatory engagement",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7dd4620f-0f97-473b-8246-531c6f2eec17",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.85,
        "x": 0.06,
        "y": 0.61
      },
      "kind": "list",
      "text": "Supportive Regulatory Environment: Existing constructive relationships with regulators that can be extended to water sector; Federal and state agencies driving upgrades to water and wastewater infrastructure",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d6f571e4-e530-41ed-9f06-119919ca8437",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.85,
        "x": 0.06,
        "y": 0.32
      },
      "kind": "list",
      "text": "Conservative Business Profile: Demand for water and wastewater is relatively inelastic; Stable, predictable cash flows; Complementary seasonality of cash flows and earnings between the natural gas & water utilities",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "da6d55ca-2ddb-40d7-88dc-13633032c644",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.85,
        "x": 0.06,
        "y": 0.24
      },
      "kind": "subtitle",
      "text": "The water and wastewater sector aligns well with NWN’s conservative risk profile and offers diversification, stable cash flows, and substantial long-term investment opportunities",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c04f0bdd-db61-420b-a7bf-2f60fa335876",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.58,
        "x": 0.21,
        "y": 0.91
      },
      "kind": "title",
      "text": "Deliberate and Disciplined Roll-Up Strategy",
      "attrs": null,
      "subkind": "action-title",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "bc77a6ee-b8de-4e48-8ada-c5289c752c51",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.45,
        "x": 0.06,
        "y": 0.11
      },
      "kind": "title",
      "text": "STRATEGIC RATIONALE FOR WATER",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "80f99915-2be9-4ed3-b89d-9ae046d2fa4d",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}