Centerpoint Energy, Inc (holding Co) — Merger or Acquisition (February 2021)

4 slides from Centerpoint Energy, Inc (holding Co)'s merger presentation, Feb 17, 2021

Slide 1: Key Financial Update: Exchange of Enable Units into Energy Transfer Units
KEY FINANCIAL UPDATE Exchange of Enable Units into Energy Transfer Units Strategic Rationale Accelerates path towards a fully regulated business model Maintains guidance basis utility EPS growth target of 6%—8% Preserves capacity to grow rate base at rate of 10% Improves business risk profile: credi
Slide 2: Transaction Summary
TRANSACTION SUMMARY Summary Term Sheet Topic Description ï,§ Fixed exchange ratio of 0.8595x, based on the 10-day volume weighted average trading price Exchange ratio (“VWAP”) (1) ï,§ Pro forma CenterPoint Energy’s ownership of ET shares: 6.5% (~12% for ENBL unitholders) (2) GP interestï,§ $5 millio
Slide 3: Legal Disclaimer
LEGAL DISCLAIMER Use of Non-GAAP Measures As included in this presentation, guidance basis utility earnings per share (“Utility EPS”) is not a generally accepted accounting principles (“GAAP”) financial measure. Generally, a non-GAAP financial measure is a numerical measure of a company’s historical
Slide 4: Additional Information
ADDITIONAL INFORMATION Important Information for Investors and Unitholders This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. In connection with the proposed merger between Enable Midstream Partners