Cms Energy Corporation · NYSE:CMS
Cms Energy — Investor Presentation (January 2016)
11 slides from Cms Energy's investor presentation, Jan 27, 2016
Slide 1: Investor Call January 27, 2016
Investor Call January 27, 2016 Jackson Gas Plant Ray Compressor Compressor station Station Cross Winds Energy Park Among lowest acquisition cost ever #1 LDC in gas storage #2 in renewable sales in the Great Lakes area
Slide 2: Forward-looking statements and non-GAAP measures
This presentation is made as of the date hereof and contains “forward-looking statements” as defined in Rule 3b-6 of the Securities Exchange Act of 1934, Rule 175 of the Securities Act of 1933, and relevant legal decisions. The forward-looking statements are subject to risks and uncertainties. All f
Slide 3: Agenda
Agenda Dividend Succession Plan Earnings Call Preview 2
Slide 4: Dividend
Dividend Raised annual dividend 7% from $1.16 to $1.24 Tenth year consecutive increase 3
Slide 5: Succession Plan
Succession Plan Mkt Cap (bils) $10 $ 10 CEO CEO CEO Dave Joos John Russell Patti Poppe Chairman Chairman Chairman Ken Whipple Dave Joos John Russell 5 $3½ $1½ 0 2004 2007 2010 2013 2016 4
Slide 6: Consistent Growth Through . . . .
Consistent Growth Through . . . . 7% CAGR Future +5% to +7% a EPS Dividend Weather Recession Recession Help _____ Hurt a Adjusted EPS (non-GAAP) 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Cold Mild Hot Warm Mild Cold Summer- Hot Hot Warm Mild Polar Cold winter summer
Slide 7: Earnings Call Preview -- 2015 . . . .
Earnings Call Preview -- 2015 . . . . Adjusted EPS (non-GAAP) Fourth Quarter Change 17¢ • Weather (13)¢ • Tax Case Settlement 5 • Donations 2 • Financing, UA, & Other 6 Total 0¢ 13¢ 11¢ Up 7% 2015 Guidance December Weather (9)¢ Storms (2)¢ (11)¢ January March 31 June 30 September 30 December . . . .
Slide 8: Earnings Call Preview -- Capex . . . .
Earnings Call Preview -- Capex . . . . Capex (bils) $20+ Op 25 $22 24 23 22 21 + $1.5 bil $17 20 19 18 17 16 $15.5 15 14 13 12 11 100 2015 - 2024 2016 - 2025 Prior New . . . . increased, regardless of law update. 7
Slide 9: DOET Succession Plan Q&A
DOET Succession Plan Q&A February 4th, 9:00 AM, Year-End Earnings Call and Business Update 8
Slide 10: GAAP Reconciliation
GAAP Reconciliation
Slide 11: Earnings Per Share By Year GAAP Reconciliation
CMS ENERGY CORPORATION Earnings Per Share By Year GAAP Reconciliation (Unaudited) 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Reported earnings (loss) per share - GAAP ($0.30) $0.64 ($0.44) ($0.41) ($1.02) $1.20 $0.91 $1.28 $1.58 $1.42 $1.66 $1.74 After-tax items: Electric and gas ut