Dominion Energy, Inc. · NYSE:D
Dominion Energy — Q4 2023 Earnings Presentation
7 slides from Dominion Energy's earnings presentation, Feb 22, 2024
Slide 1: Q4 2023 earnings call
Exhibit 99.2 Q4 2023 earnings call February 22, 2024
Slide 2: Important note for investors
Important note for investors This presentation contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding Dominion Energy. The statements relate to, among other things, expectations, estimates and projections concerning the busine
Slide 3: Business review update: agreement to sell 50% noncontrolling interest in CVOW
Dominion Energy Business review update: Announced agreement to sell 50% noncontrolling interest in CVOW Transaction consistent with the previously outlined commitments & priorities of the business review ✓ Competitive process attracted high-quality interest resulting in a compelling partner ▪ Stonep
Slide 4: Sell 50% noncontrolling interest in CVOW: illustrative funding examples
Dominion Energy Business review update: Announced agreement to sell 50% noncontrolling interest in CVOW Illustrative examples at select project costs: Assumes partner funds beyond mandatory capital calls ($11.3B+) Construction budget: $9.8B $10.3B $10.8B $11.3B $11.8B $12.7B $13.7B DEV cumulative fu
Slide 5: Sell 50% noncontrolling interest in CVOW: purchase price
Dominion Energy Business review update: Announced agreement to sell 50% noncontrolling interest in CVOW Purchase price Final construction cost: $9.8B $10.3B $11.3B ▪ At closing, Stonepeak will A make a cash payment to 50% of est. project costs at closing (YE 2024) $3.0B $3.0B $3.0B Dominion Energy t
Slide 6: Transaction achieves key objectives
Dominion Energy Business review update: Announced agreement to sell 50% noncontrolling interest in CVOW Transaction achieves key objectives ✓ Attractive, well-capitalized, and high-quality partner ✓ Robust cost sharing reduces risk and provides meaningful protection from any unforeseen cost increase
Slide 7: Pro rata cost and risk sharing at illustrative project cost levels
Dominion Energy Business review update: Announced agreement to sell 50% noncontrolling interest in CVOW Pro rata cost and risk sharing at illustrative project cost levels Construction Regulatory CVOW partnership DEV funding of DEV ownership of Partner funding of Partner ownership of budget recovery¹