Duke Energy Corporation (holding Company) · NYSE:DUK
Duke Energy Corporation (holding Company) — UBS Midwest Utilities Conference 2021
15 slides from Duke Energy Corporation (holding Company)'s conference presentation, Aug 19, 2021
Slide 1: UBS Midwest Utilities Conference
UBS MIDWEST UTILITIES CONFERENCE Steve Young / Executive Vice President and CFO Jack Sullivan / Vice President Investor Relations August 19, 2021 // 1
Slide 2: Safe Harbor statement and Regulation G disclosure
Safe Harbor statement This presentation includes forward-looking statements within the meaning of the federal securities laws. Actual results could differ materially from such forward- looking statements. The factors that could cause actual results to differ are discussed herein and in Duke Energy’s
Slide 3: Safe harbor statement
Safe harbor statement This document includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are based on management’s beliefs and assumptions and can often be identified by
Slide 4: Complementary businesses with strong growth opportunities
Complementary businesses with strong growth opportunities ELECTRIC UTILITIES 2021 ADJUSTED 2021-2025 2021 – 2025 & INFRASTRUCTURE EPS CONTRIBUTION(1) CAPEX ADJUSTED EPS CAGR(2) 86% $49.5 B Consolidated 5-7% GAS UTILITIES & INFRASTRUCTURE 8-10% 9% $5.7 B 5-7% COMMERCIAL RENEWABLES 5% $2.5 B(3) Electr
Slide 5: Advancing our clean energy strategy on the road to net zero
Advancing our clean energy strategy on the road to net zero PASSED 10,000 MEGAWATTS OF FILED OCONEE SUBSEQUENT LICENSE RENEWABLE ENERGY RENEWAL WITH NRC ▪ Duke Energy Sustainable Solutions placed the 182 ▪ Filed an application in June to renew Oconee MW Maryneal wind and 144 MW Pflugerville solar Nu
Slide 6: Capital plan focused on clean energy transition
Capital plan focused on clean energy transition Growing 5-year capex ~5% profile… …supports emission reductions as LDC we drive toward net-zero ~10% LDC Gas 10% CO2 emissions reductions since 2005 $59 BILLION CAPITAL PLAN FOCUSED Coal ash/ Maint. & ON CLEAN ENERGY TRANSITION Environmental Other ~5%
Slide 7: Regulatory and policy update
Regulatory and policy update NEAR-TERM INITIATIVES ▪ Collaborating with NC policymakers and stakeholders to support the state’s energy Carolinas transition ▪ Advancing IRP process in both states ▪ MYRP order issued in June; advancing grid, Florida solar and EV infrastructure ▪ Actively working with
Slide 8: Retail electric volumes
Retail electric volumes Q2 2021 RETAIL ELECTRIC VOLUMES(1) Q2 2021 RETAIL LOAD TRENDS 11.7% 11.8% ▪ ~15% of workers continue to work from home due to the pandemic(2), supporting elevated residential volumes 6.5% ‒ Customer growth continues to trend above historical averages ▪ Retail and dining, leis
Slide 9: Strong O&M cost management track record
Strong O&M cost management track record Event-driven cost savings Sustainable cost efficiencies ▪ Integrated functions with strong jurisdictional leadership 2006: Cinergy merger ▪ $300M in synergies in non-fuel ▪ Best practice sharing and scale purchasing O&M ▪ In 2021, key mitigation drivers includ
Slide 10: Financing plan update
Financing plan update FINANCING PLAN ON TRACK 15TH CONSECUTIVE YEAR OF DIVIDEND GROWTH ▪ Received CFIUS clearance for DEI minority interest sale in June ‒ Awaiting FERC ruling ▪ No common equity issuances in 5-year plan ▪ NC storm cost securitization of ~$1 billion on track to close this Fall ▪ Have
Slide 11: Our investor value proposition
Our investor value proposition A STRONG LONG-TERM RETURN PROPOSITION 3.7% ~10% 5 -7% DIVIDEND YIELD(1) ATTRACTIVE zzz LONG-TERM WITH LONG-TERM RISK-ADJUSTED EPS GROWTH(4) DIVIDEND GROWTH TOTAL SHAREHOLDER THROUGH 2025 COMMITMENT(2) RETURN(3) CONSTRUCTIVE JURISDICTIONS, LOWER-RISK REGULATED INVESTMEN
Slide 12: For additional information on Duke Energy, please visit duke-energy.com/investors
For additional information on Duke Energy, please visit: duke-energy.com/investors UBS MIDWEST UTILITIES CONFERENCE 2021 //// 12 12
Slide 13: Non-GAAP Reconciliations
Duke Energy Corporation Non-GAAP Reconciliations UBS Midwest Utilities Conference Adjusted Earnings per Share (EPS) The materials for the UBS Midwest Utilities Conference include a discussion of adjusted EPS. The non-GAAP financial measure, adjusted EPS, represents basic EPS available to Duke Energy
Slide 14: Net Regulated Electric and Gas O&M
Net Regulated Electric and Gas O&M The materials for UBS Midwest Utilities Conference include a discussion of Duke Energy’s net regulated Electric and Gas operating, maintenance and other expenses (O&M) for the year-to-date periods ended December 31, 2020, 2019, 2018, 2017 and 2016, as well as the f
Slide 15: Operations, Maintenance and Other Expense
Duke Energy Corporation Operations, Maintenance and Other Expense (In millions) Actual Actual Actual Actual Actual Forecast(f) December 31, 2016 December 31, 2017 December 31, 2018 December 31, 2019 December 31, 2020 December 31, 2021 Operation, maintenance and other(a) $6,223 $5,944 $6,463 $6,066 $