Firstenergy Corp. · NYSE:FE
Firstenergy — Non-Deal Roadshow (September 2019)
19 slides from Firstenergy's roadshow presentation, September 2019
Slide 1: Investor Meetings Europe
Investor Meetings Europe September 2019
Slide 2: FE's Value Proposition
FE’s Value Proposition Ticker: FE A premier customer-focused, pure-play regulated utility Driving sustainable, long-term regulated Improving balance sheet with investment-grade earnings growth and a competitive dividend credit ratings 10 distribution utilities, Proven track record of 6M customers, 6
Slide 3: A forward-thinking electric utility
We are a forward-thinking electric utility powered by a diverse team of employees committed to making customers’ lives brighter, the environment better and our communities stronger $41 B 6 M 25 K Total Customers in Transmission Total Assets Six States Miles 65 K $20 B 12 K Square Miles of Rate Base
Slide 4: 2018-2021 Operating EPS CAGR
2018-2021 Operating EPS CAGR 6% - 8% operating EPS CAGR target 6% - 8% Growth (excludes Ohio DMR) $2.15 + T&D growth opportunities + Organic utility growth + FE Tomorrow initiatives Original 2018 – Depreciation and general taxes 2021F Guidance Midpoint Load growth (excluding Ohio DMR) – Residential
Slide 5: Financing Plan (2019-2021)
Financing Plan (2019-2021) Committed to maintaining investment-grade credit ratings FE CORP REGULATED DISTRIBUTION Year Entity Amount Purpose Year Entity Amount Purpose FE Corp Up to $628M New notes to FES creditors ME $500M $300M at 7.70% matured 1/15/19 2019F FE Corp $1.0B $1.0B Term Loan matu
Slide 6: Capital Expenditures Forecast Summary
Capital Expenditures Forecast Summary $11B – $12B in capital investments 2018-2021 ~55% based on formula rates Annually 2018A 2019F – 2021F FE Consolidated Total $3.0B $2.8B - $3.0B ($M) 2018A 2019F 2020F 2021F Regulated Distribution (~40% formula rates) $1,635 $1,600-$1,700 $1,500-$1,700 $1,500-$1,
Slide 7: Dividend Policy
Dividend Policy ■ On November 9, 2018, The Board of Directors approved a dividend policy ■ Effective beginning with the March 1, 2019 dividend: – A $0.02 per share increase; quarterly dividend will be $0.38 per share or $1.52 annualized per share in 2019 (1) $0.38 +6% 55-65% per share Resuming divid
Slide 8: Corporate Responsibility
Corporate Responsibility 8 September 2019 Investor Meetings
Slide 9: Corporate Responsibility
CORPORATE RESPONSIBILITY A FORWARD-THINKING ELECTRIC UTILITY Committed to making our customers’ lives brighter, the environment better and our communities stronger. Seek to inform and engage our stakeholders, while at the same time setting and achieving goals. Led by a dedicated team, along with Exe
Slide 10: Corporate Responsibility – Facts at a Glance
Corporate Responsibility – Facts at a Glance Environmental Focusing on making the environment better by minimizing the impact of our operations and finding opportunities to enhance our ecosystem As of Dec. 31, 2018, achieved 62% Implemented a corporate waste Installed four osprey nesting reduction i
Slide 11: Corporate Responsibility Accountability Spans Entire Organization
Corporate Responsibility Accountability Spans Entire Organization “A company’s ability to manage ■ Corporate Governance and Corporate environmental, social, and governance Responsibility Board Committee has matters demonstrates the leadership oversight of FirstEnergy’s Corporate and good governance
Slide 12: 2019 Corporate Responsibility Internal Initiatives
2019 Corporate Responsibility Internal Initiatives COMMUNITY WHAT: A program that provides employees with paid time off to volunteer in the community EMPLOYEE WHY: Aligning to our employees’ passions while having the ability to track the number of hours our VOLUNTEER employees volunteer and better u
Slide 13: Creating Value Through Increased Transparency
Creating Value Through Increased Transparency Initial Disclosures Added in 2019 Potential Future Disclosures 13 September 2019 Investor Meetings
Slide 14: FirstEnergy's Climate Report
FirstEnergy’s Climate Report Two-Degree ■ Two-Degree Scenario (2DS) Analysis – Based on the International Energy Agency’s 2DS Scenario Analysis – Developed state-level detail for the five states where FE primarily operates to study potential impacts to and Implications company – Results show signifi
Slide 15: FirstEnergy's Corporate Responsibility Report
FirstEnergy’s Corporate Responsibility Report Energy for A ■ Corporate Responsibility Website Brighter Future – Provide external stakeholders with comprehensive information about our company in a single, easy to navigate location ■ Executive Summary – Provides an overview of our commitment to Corpor
Slide 16: FirstEnergy's Strategic Plan
FirstEnergy’s Strategic Plan Energized by ■ Clearly articulates our vision for the next five years, with our core values serving as the Possibility foundation – Provides transparency for our customers, employees, investors and other stakeholders about our path forward in an evolving electric utility
Slide 17: Investor Relations Contact Info
Investor Relations Contact Info Irene M. Prezelj, Vice President Gina E. Caskey, Senior Advisor Jake M. Mackin, Consultant prezelji@firstenergycorp.com caskeyg@firstenergycorp.com mackinj@firstenergycorp.com 330.384.3859 330.761.4185 330.384.4829 For our e-mail distribution list, please contact: Sha
Slide 18: Forward-Looking Statements
Forward-Looking Statements Forward-Looking Statements: This presentation includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 based on information currently available to management. Unless the context requires otherwise, as used herein, refer
Slide 19: Non-GAAP Financial Matters
Non-GAAP Financial Matters This presentation contains references to non-GAAP financial measures including, among others, Operating earnings (loss), Operating earnings (loss) per share, Operating earnings (loss) per share by segment, Adjusted Equity, Adjusted Debt, Adjusted Capitalization, Funds from