Table of Contents Table of Contents 2 List of Tables 4 List of Figures 5 Section 1 - About the Company 6 WGL Holdings, Inc. - Key Facts 6 WGL Holdings, Inc. - Key Employees 7 WGL Holdings, Inc. - Key Employee Biographies 8 WGL Holdings, Inc. - Major Products and Services 10 WGL Holdings, Inc. - Key Operational Summary 11 WGL Holdings, Inc. - History 12 WGL Holdings, Inc. - Company Statement 14 WGL Holdings, Inc. - Locations And Subsidiaries 17 Head Office 17 Other Locations & Subsidiaries 17 Affiliate 17 Joint Venture 18 Section 2 – Company Analysis 19 WGL Holdings, Inc. - Business Description 19 WGL Holdings, Inc. - Corporate Strategy 20 WGL Holdings, Inc. - SWOT Analysis 21 SWOT Analysis - Overview 21 WGL Holdings, Inc. - Strengths 21 Strength - Extensive Customer Base 21 Strength - Declining Operating Cost 21 Strength - Retail Energy Business 21 WGL Holdings, Inc. - Weaknesses 22 Weakness - Declining Cash Reserves 22 Weakness - Antitrust Violation Concerns 22 WGL Holdings, Inc. - Opportunities 23 Opportunity - Energy Demand Outlook: the US 23 Opportunity - Expansion Initiatives 23 Opportunity - Contracts and Agreements 23 WGL Holdings, Inc. - Threats 24 Threat - Competitive Environment 24 Threat - Stringent Regulatory Environment 24 Threat - Seasonality of Business Operations 24 WGL Holdings, Inc. - Key Competitors 25 Section 3 – Company Financial Ratios 26 Financial Ratios - Capital Market Ratios 26 Financial Ratios - Annual Ratios 27 Performance Chart 28 Financial Performance 28 Financial Ratios - Interim Ratios 29 Financial Ratios - Ratio Charts 30 Section 4 – Company’s Oil & Gas, Power Financial Deals and Alliances 31 WGL Holdings, Inc., Oil & Gas, Deals By Year, 2010 to YTD 2016 31 WGL Holdings, Inc., Oil & Gas, Deals By Type, 2010 to YTD 2016 32 WGL Holdings, Inc., Recent Deals Summary 33 Section 5 – Company’s Recent Developments 34 Feb 05, 2016: WGL Holdings, Inc. Reports First Quarter Fiscal Year 2016 Financial Results; Affirms Fiscal Year 2016 Non-GAAP Guidance and Announces 5% Dividend Increase 34 Jan 22, 2016: Mountain Valley Pipeline Secures New Shipper Commitment with Con Edison 36 Nov 16, 2015: WGL Substantially Expands Distributed Generation Assets; Announces Plans to Increase Solar Capacity by 50 percent in Fiscal Year 2016 37 Nov 13, 2015: WGL Holdings Reports Fiscal Year 2015 Financial Results; Issues Fiscal Year 2016 Non-GAAP Guidance 38 Nov 09, 2015: WGL Prepares Homes Across Region for Winter Weather 40 Oct 23, 2015: Mountain Valley Pipeline Files Formal Application Requesting FERC Authorization To Construct 301-Mile Interstate Natural Gas Pipeline 41 Oct 13, 2015: Antero Resources Announces Third Quarter 2015 Operations Update 43 Oct 01, 2015: Mountain Valley Pipeline To Provide Natural Gas Service To Virginia Communities Through Partnership With Roanoke Gas 45 Aug 31, 2015: WGL Energy and Conergy Complete Solar Project for City of Atwater, California 46 Aug 26, 2015: WGL Selected by District of Columbia to Supply Electricity to more than 700 City Government Accounts 47 Section 6 – Appendix 48 Methodology 48 Ratio Definitions 48 About GlobalData 52 Contact Us 52 Disclaimer 52

WGL Holdings, Inc. (WGL) - Financial and Strategic SWOT Analysis Review provides you an in-depth strategic SWOT analysis of the company’s businesses and operations. The profile has been compiled by GlobalData to bring to you a clear and an unbiased view of the company’s key strengths and weaknesses and the potential opportunities and threats. The profile helps you formulate strategies that augment your business by enabling you to understand your partners, customers and competitors better. The profile contains critical company information including: - Business description – A detailed description of the company’s operations and business divisions. - Corporate strategy – Analyst’s summarization of the company’s business strategy. - SWOT Analysis – A detailed analysis of the company’s strengths, weakness, opportunities and threats. - Company history – Progression of key events associated with the company. - Major products and services – A list of major products, services and brands of the company. - Key competitors – A list of key competitors to the company. - Key employees – A list of the key executives of the company. - Executive biographies – A brief summary of the executives’ employment history. - Key operational heads – A list of personnel heading key departments/functions. - Important locations and subsidiaries – A list and contact details of key locations and subsidiaries of the company. - Detailed financial ratios for the past five years – The latest financial ratios derived from the annual financial statements published by the company with 5 years history. - Interim ratios for the last five interim periods – The latest financial ratios derived from the quarterly/semi-annual financial statements published by the company for 5 interims history. Highlights WGL Holdings, Inc. (WGL) is an energy holding company that provides natural gas, electricity, green power, carbon reduction and energy services. It also provides design-build energy efficient and sustainable solutions and water and energy-related infrastructure services. The company delivers an array of energy efficiency, commercial solar and combined heat and power projects as well as alternative energy technologies to government and commercial clients. WGL also engages in developing, acquiring, managing, and optimizing natural gas storage and transportation assets. The company caters to residential and commercial customers in the District of Columbia, and nearby metropolitan areas in Maryland and Virginia. WGL is headquartered in Washington D.C, the US. WGL Holdings, Inc. Key Recent Developments Feb 05, 2016: WGL Holdings, Inc. Reports First Quarter Fiscal Year 2016 Financial Results; Affirms Fiscal Year 2016 Non-GAAP Guidance and Announces 5% Dividend Increase Jan 22, 2016: Mountain Valley Pipeline Secures New Shipper Commitment with Con Edison Nov 16, 2015: WGL Substantially Expands Distributed Generation Assets; Announces Plans to Increase Solar Capacity by 50 percent in Fiscal Year 2016 Nov 13, 2015: WGL Holdings Reports Fiscal Year 2015 Financial Results; Issues Fiscal Year 2016 Non-GAAP Guidance Nov 09, 2015: WGL Prepares Homes Across Region for Winter Weather Key benefits of buying this profile include: You get detailed information about the company and its operations to identify potential customers and suppliers. - The profile analyzes the company’s business structure, operations, major products and services, prospects, locations and subsidiaries, key executives and their biographies and key competitors. Understand and respond to your competitors’ business structure and strategies, and capitalize on their weaknesses. Stay up to date on the major developments affecting the company. - The company’s core strengths and weaknesses and areas of development or decline are analyzed and presented in the profile objectively. Recent developments in the company covered in the profile help you track important events. Equip yourself with information that enables you to sharpen your strategies and transform your operations profitably. - Opportunities that the company can explore and exploit are sized up and its growth potential assessed in the profile. Competitive and/or technological threats are highlighted. Scout for potential investments and acquisition targets, with detailed insight into the companies’ strategic, financial and operational performance. - Financial ratio presented for major public companies in the profile include the revenue trends, profitability, growth, margins and returns, liquidity and leverage, financial position and efficiency ratios. Gain key insights into the company for academic or business research. - Key elements such as SWOT analysis, corporate strategy and financial ratios and charts are incorporated in the profile to assist your academic or business research needs. Note: Some sections may be missing if data is unavailable for the companyTable of Contents Table of Contents 2 List of Tables 4 List of Figures 5 Section 1 - About the Company 6 WGL Holdings, Inc. - Key Facts 6 WGL Holdings, Inc. - Key Employees 7 WGL Holdings, Inc. - Key Employee Biographies 8 WGL Holdings, Inc. - Major Products and Services 10 WGL Holdings, Inc. - Key Operational Summary 11 WGL Holdings, Inc. - History 12 WGL Holdings, Inc. - Company Statement 14 WGL Holdings, Inc. - Locations And Subsidiaries 17 Head Office 17 Other Locations & Subsidiaries 17 Affiliate 17 Joint Venture 18 Section 2 – Company Analysis 19 WGL Holdings, Inc. - Business Description 19 WGL Holdings, Inc. - Corporate Strategy 20 WGL Holdings, Inc. - SWOT Analysis 21 SWOT Analysis - Overview 21 WGL Holdings, Inc. - Strengths 21 Strength - Extensive Customer Base 21 Strength - Declining Operating Cost 21 Strength - Retail Energy Business 21 WGL Holdings, Inc. - Weaknesses 22 Weakness - Declining Cash Reserves 22 Weakness - Antitrust Violation Concerns 22 WGL Holdings, Inc. - Opportunities 23 Opportunity - Energy Demand Outlook: the US 23 Opportunity - Expansion Initiatives 23 Opportunity - Contracts and Agreements 23 WGL Holdings, Inc. - Threats 24 Threat - Competitive Environment 24 Threat - Stringent Regulatory Environment 24 Threat - Seasonality of Business Operations 24 WGL Holdings, Inc. - Key Competitors 25 Section 3 – Company Financial Ratios 26 Financial Ratios - Capital Market Ratios 26 Financial Ratios - Annual Ratios 27 Performance Chart 28 Financial Performance 28 Financial Ratios - Interim Ratios 29 Financial Ratios - Ratio Charts 30 Section 4 – Company’s Oil & Gas, Power Financial Deals and Alliances 31 WGL Holdings, Inc., Oil & Gas, Deals By Year, 2010 to YTD 2016 31 WGL Holdings, Inc., Oil & Gas, Deals By Type, 2010 to YTD 2016 32 WGL Holdings, Inc., Recent Deals Summary 33 Section 5 – Company’s Recent Developments 34 Feb 05, 2016: WGL Holdings, Inc. Reports First Quarter Fiscal Year 2016 Financial Results; Affirms Fiscal Year 2016 Non-GAAP Guidance and Announces 5% Dividend Increase 34 Jan 22, 2016: Mountain Valley Pipeline Secures New Shipper Commitment with Con Edison 36 Nov 16, 2015: WGL Substantially Expands Distributed Generation Assets; Announces Plans to Increase Solar Capacity by 50 percent in Fiscal Year 2016 37 Nov 13, 2015: WGL Holdings Reports Fiscal Year 2015 Financial Results; Issues Fiscal Year 2016 Non-GAAP Guidance 38 Nov 09, 2015: WGL Prepares Homes Across Region for Winter Weather 40 Oct 23, 2015: Mountain Valley Pipeline Files Formal Application Requesting FERC Authorization To Construct 301-Mile Interstate Natural Gas Pipeline 41 Oct 13, 2015: Antero Resources Announces Third Quarter 2015 Operations Update 43 Oct 01, 2015: Mountain Valley Pipeline To Provide Natural Gas Service To Virginia Communities Through Partnership With Roanoke Gas 45 Aug 31, 2015: WGL Energy and Conergy Complete Solar Project for City of Atwater, California 46 Aug 26, 2015: WGL Selected by District of Columbia to Supply Electricity to more than 700 City Government Accounts 47 Section 6 – Appendix 48 Methodology 48 Ratio Definitions 48 About GlobalData 52 Contact Us 52 Disclaimer 52