Eversource Energy (d/b/a) · NYSE:ES

Eversource Energy (d/b/a) — Eversource Energy — Q2 2022 Earnings Presentation

14 slides from Eversource Energy (d/b/a)'s earnings presentation, Jul 29, 2022

  1. Slide 1: 2022 Second Quarter Results

    EVERSOURCE ENERGY Q2 2022 RESULTS 2022 Second Quarter Results July 29, 2022

  2. Slide 2: Safe Harbor Statement

    EVERSOURCE ENERGY Q2 2022 RESULTS Safe Harbor Statement All per-share amounts in this presentation are reported on a diluted basis. The only common equity securities that are publicly traded are common shares of Eversource Energy. The earnings and EPS of each business do not represent a direct legal

  3. Slide 3: Agenda

    EVERSOURCE ENERGY Q2 2022 RESULTS Agenda Joe Nolan  2021 Sustainability and DE&I Reports President & CEO Published  Legislative and Clean Energy Project Update  Offshore Wind Update  Q2 2022 Financial Results John Moreira  Regulatory Update CFO & Treasurer  Financing Activity Update 2

  4. Slide 4: Eversource 2021 Sustainability and Diversity, Equity and Inclusion Reports

    EVERSOURCE ENERGY Q2 2022 RESULTS Eversource 2021 Sustainability and Diversity, Equity and Inclusion Reports  2021 Sustainability Report published this month  Highlights our progress to advance environmental, social and governance (ESG) performance  Greenhouse gas emissions were again third-party

  5. Slide 5: Clean Energy Project Update

    EVERSOURCE ENERGY Q2 2022 RESULTS Clean Energy Project Update  Provincetown Battery Storage Project – Successfully tested and placed in service on May 31, 2022 – Innovative and unique project – Non-wires alternative improves reliability for Outer Cape customers  Massachusetts Solar Project – 2021

  6. Slide 6: Offshore Wind Update

    EVERSOURCE ENERGY Q2 2022 RESULTS Offshore Wind Update  Strategic review of offshore wind assets underway – Could result in potential sale of all or part of our 50% interest – Finalizing marketing materials for prospective buyers – Initiated preliminary outreach  South Fork Wind construction conti

  7. Slide 7: Offshore Wind Updates

    EVERSOURCE ENERGY Q2 2022 RESULTS Offshore Wind Updates Assumptions May 2022 July 2022 Costs Locked in for Three Projects 80% 82% Offshore Investment to Date $1.3B $1.5B Expected Spending in 2022 $900M - $1B $900M - $1B Expected Spending 2023 - 2026 $3B - $3.6B $3B - $3.6B Expected Long-Term Average

  8. Slide 8: New MA Climate Legislation

    EVERSOURCE ENERGY Q2 2022 RESULTS New MA Climate Legislation  MA House and Senate approved significant climate legislation on July 21 (House Bill #5060) – Gov. Baker has until July 31 to sign, veto or seek modifications to the bill  Substantial enhancements to commitment to offshore wind – Affirms

  9. Slide 9: Second Quarter and First Half 2022 Financial Results

    EVERSOURCE ENERGY Q2 2022 RESULTS Second Quarter and First Half 2022 Financial Results 2Q 2022 2Q 2021 2Q Change 1H 2022 1H 2021 1H Change Electric Transmission $0.44 $0.40 $0.04 $0.87 $0.79 $0.08 Electric Distribution 0.37 0.35 0.02 0.78 0.69 0.09 (Non-GAAP) Natural Gas Distribution 0.02 0.01 0.01

  10. Slide 10: Well Performing Core Businesses Drive EPS CAGR to Upper Half of 5 – 7%

    EVERSOURCE ENERGY Q2 2022 RESULTS Well Performing Core Businesses Drive EPS CAGR to Upper Half of 5 – 7% Through 2026; EPS Guidance Narrowed for 2022 $4.04- $4.14 $3.11 $3.25 $3.45 $3.64 $3.86 $2.53 $2.65 $2.81 $2.96 $2.28 2012A* 2013A* 2014A* 2015A* 2016A 2017A 2018A 2019A* 2020A* 2021A* 2022E* 202

  11. Slide 11: Projected Capital Expenditures For Core Businesses

    EVERSOURCE ENERGY Q2 2022 RESULTS Projected Capital Expenditures For Core Businesses $18.1 Billion 2022-2026 $4,500 $4,000 $3,897 $3,684 $3,562 $3,541 $254 $3,494 $3,504 $3,500 $154 $224 $239 $163 $208 $203 $214 $3,053 $3,064 $144 $176 $190 $206 $3,000 $239 $921 $239 $849 $110 $127 $ In Millions $79

  12. Slide 12: AMI Implementation Under Active Review by MA, CT regulators

    EVERSOURCE ENERGY Q2 2022 RESULTS AMI Implementation Under Active Review by MA, CT regulators AMI - MA Briefing period ended June 27, 2022 Decision expected Q4 2022 AMI - CT Briefing period ended April 29, 2022 Additional written comments filed on July 20, 2022 Decision expected Q4 2022 What does AM

  13. Slide 13: Rate Review Summary

    EVERSOURCE ENERGY Q2 2022 RESULTS Rate Review Summary NSTAR Electric Aquarion Connecticut  Expected decision date of December 1, 2022  Letter of intent filed with PURA on July 1, 2022  Rates effective on January 1, 2023  Formal rate review filing expected in August 2022  Revenue deficiency of $

  14. Slide 14: Equity Issuance Update

    EVERSOURCE ENERGY Q2 2022 RESULTS Equity Issuance Update New Shares Treasury Shares  $1.2 billion At-The-Market  Dividend reinvestment, Program has issued 1.39M employee equity programs shares at a weighted average continue with nearly 640,000 price of $91.98 through July shares issued YTD through

Eversource Energy — Q2 2022 Earnings Presentation on 6ix