Slide 1: Second Quarter 2016 Financial Results
July 28, 2016 Exhibit 99.3hibit 9 .3 Second Quarter 2016 Financial Results
Slide 2: Forward-Looking Statements
July 28, 2016 Exhibit 99.3 1 Forward-Looking Statements Statements contained in this presentation about future performance, including, without limitation, operating results, capital expenditures, rate base growth, dividend policy, financial outlook, and other statements that are not purely historica
Slide 3: Second Quarter Earnings Summary
July 28, 2016 Exhibit 99.3 2 Q2 2016 Q2 2015 Variance Basic Earnings Per Share (EPS) SCE $0.97 $1.18 $(0.21) EIX Parent & Other (0.11) (0.02) (0.09) Discontinued Operations (0.01) (0.01) Basic EPS $0.85 $1.16 $(0.31) Less: Non-Core Items SCE $ $ $ EIX Parent & Other1 0.01 0.01 Discontinued
Slide 4: YTD 2016 Earnings Summary
July 28, 2016 Exhibit 99.3 3 YTD 2016 YTD 2015 Variance Basic Earnings Per Share (EPS) SCE $1.85 $2.12 $(0.27) EIX Parent & Other (0.17) (0.04) (0.13) Discontinued Operations Basic EPS $1.68 $2.08 $(0.40) Less: Non-Core Items SCE $ $ $ EIX Parent & Other1 0.01 0.02 (0.01) Discontinued Op
Slide 5: 2016 Earnings Guidance Reaffirmed
July 28, 2016 Exhibit 99.3 4 $4.09 $3.91 (0.18) 2016 SCE EPS Midpoint Guidance EIX Parent & Other 2016 Core EIX EPS Midpoint Guidance As of May 2, 2016 As of July 28, 2016 Low Mid High Low Mid High EIX Basic EPS $3.82 $3.92 $4.02 $3.82 $3.92 $4.02 Less: Non-Core Items1 0.01 0.01 0.01 0.01 0.01 0.01
Slide 6: SCE Capital Expenditure Forecast
July 28, 2016 Exhibit 99.3 5 Outlook - $3.8 $4.3 Range - $3.7 $4.2 Outlook - $4.1 $4.2 Range - $4.0 $4.1 SCE Capital Expenditure Forecast Note: Forecasted capital spending subject to timely receipt of permitting, licensing, and regulatory approvals. Forecasted capital spending includes CPUC, FERC an
Slide 7: SCE Rate Base Forecast
July 28, 2016 Exhibit 99.3 6 SCE Rate Base Forecast • Incorporates 2015 GRC final decision with bonus depreciation provision, except “rate base offset” excluded because of write off of regulatory asset related to 2012-2014 incremental tax repairs • Includes incremental rate base for the pole loading
Slide 8: Appendix
July 28, 2016 Exhibit 99.3 7 Appendix
Slide 9: Earnings Non-GAAP Reconciliations
July 28, 2016 Exhibit 99.3 8 Earnings Non-GAAP Reconciliations Note: See Use of Non-GAAP Financial Measures in Appendix ($ millions) Reconciliation of EIX GAAP Earnings to EIX Core Earnings SCE EIX Parent & Other Discontinued operations Basic Earnings Non-Core Items SCE EIX Parent & Other Discontinu
Slide 10: Use of Non-GAAP Financial Measures
July 28, 2016 Exhibit 99.3 9 Use of Non-GAAP Financial Measures Edison International's earnings are prepared in accordance with generally accepted accounting principles used in the United States. Management uses core earnings internally for financial planning and for analysis of performance. Core ea