Consolidated Edison, Inc. · NYSE:ED
Consolidated Edison — Barclays CEO Energy-Power Conference 2017
19 slides from Consolidated Edison's conference presentation, Sep 5, 2017
Slide 1: Consolidated Edison, Inc. Barclays CEO Energy-Power Conference
CONSOLIDATED EDISON, INC. Barclays CEO Energy- Power Conference September 5, 2017
Slide 2: Available Information and Forward-Looking Statements
Available Information On August 3, 2017, Consolidated Edison, Inc. issued a press release reporting its 2Q 2017 earnings and filed with the Securities and Exchange Commission it’s 2Q 2017 Form 10-Q. This presentation should be read together with, and is qualified in its entirety by reference to, the
Slide 3: Organizational Structure
Organizational Structure Market Cap(1): $25.7 billion Ratings(2): A3 / BBB+ / BBB+ Outlook(2): Stable / Stable / Stable Utilities Transmission Clean Energy Con Edison Con Edison Consolidated Clean Energy Orange and Transmission, Edison Businesses, Rockland Inc. Company of Inc. New York, Inc. Utiliti
Slide 4: The Con Edison Plan
The Con Edison Plan Customer Focused Strategic Value Oriented _________________ ________________ ____________________ Strengthen core utility Ensure safety and delivery business Provide steady, reliability ________________ predictable earnings _________________ ____________________ Enhance the custo
Slide 5: Delivering Consistent Results Over the Long-Run
Delivering Consistent Results Over the Long-Run • 43 years of consistent dividend growth – Only utility in S&P 500 with 30 or more years of consecutive increases – 2.7% dividend growth CAGR (2013 – 2017) – Targeted dividend payout ratio: 60-70% of adjusted earnings • 10-year total shareholder return
Slide 6: Complementary Business Mix with Strong Growth Opportunities
Complementary Business Mix with Strong Growth Opportunities LTM GAAP EPS Contribution(1) 2017-2019 Capital Investment Regulated Utilities $9.4 billion 89% 8% Clean Energy $1.25 billion Transmission 3% $0.5 billion 1. Last Twelve Month figures as of 6/30/17. 6
Slide 7: Clean Energy Businesses: Working Toward a Greener Environment
Clean Energy Businesses: Working Toward a Greener Environment Renewable Energy Production Capacity Construction (MW AC) 433 398 Operating (MW AC) 130 1,098 1,133 105 $1.25 Billion 748 Investment in Clean Energy 446 292 Businesses over next three years 28 127 2011 2012 2013 2014 2015 2016 2017 YTD #5
Slide 8: Con Edison Transmission
Con Edison Transmission Storage • 41 Bcf of natural gas storage; 99% subscribed • Storage position with top regional utility customers: CECONY, NJNG, PSE&G, 50% ownership NYSEG Pipelines • Total pipeline length of 181 miles with interconnections to Millennium, Tennessee, and Transco pipelines • 3 na
Slide 9: Reforming the Energy Vision (REV) Presents Opportunities as Industry Evolves
Reforming the Energy Vision (REV) Presents Opportunities as Industry Evolves Track One: Integration of Distributed Energy Resources into System • Distribution System Implementation Plan filings accepted (1Q 2017) • Energy efficiency and storage projects approved; two-year extension of Brooklyn Queen
Slide 10: New York Public Service Commission (NY PSC) Update
New York Public Service Commission (NY PSC) Update • Two new commissioners confirmed in June 2017, reducing the number of open seats to one Commissioners John Rhodes (D) Chair Gregg Sayre (D) Diane Burman (R) James Alessi (R) Feb-2021 Feb-2018 Feb-2024 Feb-2021 Open Seat Appointed June Appointed Jun
Slide 11: Striving to Enhance Our Customer Service Experience
Striving to Enhance Our Customer Service Experience Web-based Customer Service Smart Meters Marketplace #1 in business electric & 5.4 million smart Web-based gas customer satisfaction meters to be installed in marketplace for energy among large utilities in New York City and solutions that promote t
Slide 12: Operational Excellence and Cost Management
Operational Excellence and Cost Management Several ongoing initiatives highlight our ability to promote operational excellence while effectively managing our cost structure • Smart Meter Installation – First smart meters installed in July 2017; 5.4 million meters targeted by 2022 – $1.4 billion capi
Slide 13: Employee Health and Safety Vision: Achieving a Zero-Harm Environment
Employee Health and Safety Vision: Achieving a Zero-Harm Environment 2016 was the Safest Year on Record for Con Edison Our Goal: OSHA Rate of 1.0 by 2019 and achieving a workplace environment with no high-hazard injuries To achieve our safety goals the company has focused on: • Building strong and c
Slide 14: A Commitment Rooted in Sustainability…
A Commitment Rooted in Sustainability… Environmental Social Governance _________________ ________________ ____________________ 48% reduction in carbon 12,000 hours of footprint since 2005 volunteers initiatives by Proactive shareholder equal to 500,000 cars employees engagement off the roads _______
Slide 15: … and Driven by Corporate and Community Leadership
… and Driven by Corporate and Community Leadership Corporate Citizenship and Diversity • Top energy company for hiring, training and promoting a diverse workforce (Diversity Inc 2017 Top 50 Companies for Diversity) • More than 100 veterans have joined the company since 2015 • Selected as a Top 40 Co
Slide 16: Con Edison: Poised for a Powerful Future
Con Edison: Poised for a Powerful Future • Regulated utility serving growing customer base – $49 billion asset base ranks among largest transmission and distribution utilities in the United States • Steady earnings, growing dividend – 43 consecutive years of dividend growth • Attractive capex opport
Slide 17: Appendix
Appendix WG conEdison, inc.
Slide 18: 2016 EPS Reconciliation by Company
2016 EPS Reconciliation by Company For the year ended December 31, 2016 CECONY O&R CED CEE CES CET(1) Parent Total Reported EPS – GAAP basis $3.52 $0.20 $0.08 $0.01 $0.30 $0.07 $(0.03) $4.15 Gain on sale of retail electric supply business - - 0.03 - (0.22) - - (0.19) Goodwill impairment related to e
Slide 19: Long-Range Plan Financial Outlook
Long-Range Plan Financial Outlook Utilities continue to be the core of the business mix • Core utility business will continue to dominate the business mix • Contracted renewables and new, contracted electric & gas transmission complement utility growth • Other energy infrastructure and services oppo
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