Centerpoint Energy, Inc (holding Co) · NYSE:CNP
Centerpoint Energy, Inc (holding Co) — Q1 2025 Earnings Presentation
23 slides from Centerpoint Energy, Inc (holding Co)'s earnings presentation, Apr 24, 2025
Slide 1: First Quarter 2025 Investor Update
FIRST QUARTER 2025 INVESTOR UPDATE
Slide 2: Cautionary Statement and Other Disclaimer
Cautionary Statement and Other Disclaimer This presentation and the oral statements made in connection herewith contain “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. All statements other than state
Slide 3: Q1 Update
Q1 Update Long-Term Strategic Objectives Q1’25 Updates Consistent, Targeting top quartile non-GAAP EPS annual growth of 8% in 2025 and dividend per share Delivered $0.53 non-GAAP EPS for the Sustainable growth in line with non-GAAP EPS earnings of $1.74 - $1.76 first quarter Growth for Our Investors
Slide 4: Rate Case Snapshot
Rate Case Snapshot IN Electric Houston Electric MN Gas TX Gas OH Gas (Docket 45990) (Docket 56211) (Docket 23-173) (Docket 15513) (Docket 24-0832-GA-AIR ) Date Filed 10/29/2024 Final Order Issued Key Details Below Final Order Issued Key Details Below All-Party Settlement Key Details Below Fi
Slide 5: Key Resiliency Actions
Key Resiliency Actions Completed over 70% of critical resiliency work around Houston to prepare for the 2025 Hurricane Season Phase I and II as of March GHRI Phase I and II Phase I and II Targets 31, 2025 Installing poles that can withstand extreme winds 18,666 26,000 Poles Poles Installing automate
Slide 6: Q1 2025 vs Q1 2024 Non-GAAP EPS
Q1 2025 vs Q1 2024 Non-GAAP EPS (1) Primary Drivers Ongoing Cost Growth and Rate Management & Recovery Weather / Usage Interest Expense Other ($0.06) $0.03 $0.05 $(0.06) $(0.04) Electric Electric Interest Expense Other $0.01 Growth $0.02 Usage $0.04 $0.04 Other $0.01 Weather Gas $0.50 $0.5
Slide 7: 2025 Earnings Profile
2025 Earnings Profile Timing of recovery of Texas investments post rate cases will result in a different earnings profile than typical years 1H ’25 Regulatory Activity Typical Earnings Profile vs. 2025E Profile Capital Anticipated Timing of Related Investments Updated Customer Annual Rev. Jurisdicti
Slide 8: Capital Expenditures by Segment
Capital Expenditures by Segment Current 5-Yr Plan(1) 10-YR Plan Continued Incremental Capital Opportunities FY 1Q FY ‘21 – ‘25 ’21 – ‘30 • Electric Transmission Investments 2024 2025 2025E(3) Plan Plan (Houston & Indiana Electric) (2) Electric ~$2.2B ~$1.0B ~$3.3B ~$13.7B ~$33.0B • Resiliency and Gr
Slide 9: Continued Focus on Credit and Balance Sheet Strength
Continued Focus on Credit and Balance Sheet Strength (1)(2) Consolidated FFO To Debt Company Debt Ratings(3) 2024 Full Year 1Q 2025 TTM Moody’s S&P Fitch Moody’s 9.7% 9.7% Entity (Neg) (Neg) (Neg) (2) Adjusted for 1-time items – Moody’s methodology 13.6% 13.9% CenterPoint Energy, Inc. Baa2 BBB BBB S
Slide 10: Contacts
Contacts Jackie Richert Senior Vice President Corporate Planning, Investor Relations and Treasury Tel. (713) 207 – 9380 jackie.richert@centerpointenergy.com Ben Vallejo Director Investor Relations and Corporate Planning Tel. (713) 207 – 5461 ben.vallejo@centerpointenergy.com General Contact Tel. (71
Slide 11: Appendix
Appendix 11
Slide 12: Diverse Houston Electric Load Growth Drivers
Diverse Houston Electric Load Growth Drivers Underpinned by annual residential customer growth of ~2%(1) Energy Refining Forecasted Peak Current Peak Commercial and Energy Logistics & Load Load Exports Transport ~68GW ~7GW • Continued expansion and electrification of • Continued expansion of Texas M
Slide 13: System Resiliency Plan ~$5.5B
System Resiliency Plan Improving the customer experience through accelerated and increased investment Expected to strengthen Expected savings of ~$50MM overall resiliency by 30% per year in storm-related costs Resiliency Capital Expected reductions in outages Expected avoidance of 500K+ Investme
Slide 14: Capital Plan & Regulatory Mechanisms
Capital Plan & Regulatory Mechanisms Over 80% of 10-year Capital Plan expected to be recoverable Regulatory Highlights Stakeholder Benefits through interim mechanisms Traditional Existing Mechanisms for timely recovery Reasonable cost recovery minimizes Rate case rate case with forward ~5% of major
Slide 15: Weather and Throughput Data
Weather and Throughput Data Electric Natural Gas 1Q 2025 1Q 2024 2025 vs 2024 1Q 2025 1Q 2024 2025 vs 2024 Residential 118 74 59% Throughput Throughput Residential 6,643 5,963 11% (in GWh) (in Bcf) Commercial and 149 101 48% Industrial Total 24,749 23,063 7% Total 267 175 53% Residential 4,079,888 4
Slide 16: Regulatory Schedule
Regulatory Schedule Upcoming Regulatory Activity Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec ROE / Equity Ratio ’25 Rate Base(3) TX (E) Final Order Approved Mar 13 TCOS(4) / DCRF(4) / TEEEF TCOS / DCRF 9.65% / 43.25% $15.4B IN (E) Final Order Approved Feb 3 CECA / ECA ECA / TDSIC 9.8% / 48.3%(1)
Slide 17: Planned Generation Project Timeline
Planned Generation Project Timeline aaaaaaaaa Note: Refer to slide 2 for information on forward-looking statements 17
Slide 18: Reconciliation: Income and Diluted EPS to non-GAAP
Reconciliation: Income (Loss) and Diluted Earnings (Loss) per share to non-GAAP Income and non-GAAP Diluted EPS used in providing annual earnings guidance Quarter Ended March 31, 2025 Dollars in Diluted millions EPS(1) Consolidated net income (loss) and diluted EPS on a GAAP basis $ 297 $ 0.45 ZENS-
Slide 19: Reconciliation: Income and Diluted EPS to non-GAAP (2024)
Reconciliation: Income (Loss) and Diluted Earnings (Loss) per share to non-GAAP Income and non-GAAP Diluted EPS used in providing annual earnings guidance Quarter Ended Quarter Ended Quarter Ended Quarter Ended Year-to-Date March 31, 2024 June 30, 2024 September 30, 2024 December 31, 2024 December 3
Slide 20: Reconciliation: Operating Cash Flow and Debt to FFO (Moody's)
Reconciliation: Net Cash Provided by Operating Activities and Total Debt, Net to non- GAAP Funds from Operations (FFO) and non-GAAP Adj. Debt Based on Moody’s Methodology Twelve month to date ended and as of period ended, respectively ($ in millions) YE 2024 1Q 2025 Net cash provided by operating ac
Slide 21: Reconciliation: Gross Margin and Debt to FFO (S&P)
Reconciliation: Gross Margin and Total Debt, Net to non-GAAP Funds from Operations (FFO) and non-GAAP Rating Agency Adjusted Debt Based on S&P’s Methodology Twelve month to date ended and as of period ended, respectively ($ in millions) YE 2024 1Q 2025 Unadjusted EBITDA Gross Margin 6,925 7,006 O&M
Slide 22: Regulatory Information
Regulatory Information Information Location Electric Estimated 2024 year-end rate base by jurisdiction Regulatory Information – Electric Authorized ROE and capital structure by jurisdiction Definition of regulatory mechanisms Projected regulatory filing schedule Natural Gas Estimated 2024
Slide 23: Additional Information
Additional Information Use of Non-GAAP Financial Measures In this presentation and the oral statements made in connection herewith, CenterPoint Energy presents, based on net income (loss), diluted earnings (loss) per share, and net cash provided by operating activities to total debt, net, and gross
CenterPoint Energy, Inc (Holding Co) — Q1 2025 Earnings Presentation on 6ix