Northwestern Energy Group, Inc. · NASDAQ:NWE
Northwestern Energy — Shareholder Meeting (April 2025)
26 slides from Northwestern Energy's shareholder meeting presentation, Apr 30, 2025
Slide 1: Annual Meeting of Shareholders | April 30, 2025
Annual Meeting of Shareholders | April 30, 2025 1 Bozeman, Montana
Slide 2: NWE’s President & CEO – Brian Bird
NWE’s President & CEO – Brian Bird Brian Bird • Current position since January 2023 • President & Chief Operating Officer 2021-2022 • Vice President & Chief Financial Officer 2003-2021 • Board member since January 2023 • 25-plus years energy and utility industry experience • Serves on Board of Direc
Slide 3: Experienced and Engaged Board of Directors
Experienced and Engaged Board of Directors Linda Sullivan Brian Bird Sherina Maye Edwards Dave Goodin Jan Horsfall Board Chair Director, President Director Director Director & Chief Executive Officer Nominating and Governance, Audit, Operations Human Resources Operations (Chair), Audit Independent N
Slide 4: Thank you and Farewell to Tony Clark
Thank you and Farewell to Tony Clark “We’d like to thank Tony Clark for his years of service on our Board of Directors. Tony served on the board from 2016 to 2024. As a respected state and federal utility regulator and transmission expert, his guidance has been invaluable to both our company and sha
Slide 5: Strong Executive Team
Strong Executive Team Brian Bird Crystal Lail Shannon Heim Michael Cashell John Hines President & Chief General Counsel VP - Transmission VP – Supply / Chief Executive Financial & VP – Federal Montana Officer Officer Government Government Affairs Affairs Current Joined position company in since 2023
Slide 6: NWE’s Auditors – Deloitte & Touche LLP
NWE’s Auditors – Deloitte & Touche LLP • Independent registered public accounting firm • Deloitte provides the following services for more than 20 industries: • Risk & Financial Advisory • Audit & Assurance • Consulting • Tax • Merger & Acquisition • Artificial Intelligence and Analytics • Cloud • D
Slide 7: NWE’s Board Chair / Meeting Agenda
NWE’s Board Chair Linda Sullivan • Director since April 27, 2017 • Retired Executive Vice President and Chief Financial Officer (CFO) of American Water Works Company, Inc., the largest publicly traded U.S. water and wastewater utility (2014-19) • 22 years of experience with Edison International Comp
Slide 8: Corporate Secretary’s Report
Corporate Secretary’s Report Report • Affidavit of distribution for the proxy materials • Registered holders of common stock of the Company • Establishment of a quorum 8
Slide 9: Items of Business to be Considered
Items of Business to be Considered Proposal No. 1 Election of Directors • Our Board is nominating nine people to serve as directors for one year. Proposal No. 2 Ratification of Deloitte & Touche LLP, as Independent Registered Public Accounting Firm for 2025 • Our Audit, Finance and Risk Committee ov
Slide 10: Electronic Voting
Electronic Voting • If you have not voted: Please use the virtual meeting voting platform to cast your vote now. • If you previously voted but want to change your vote: Please use the virtual meeting voting platform to cast your new vote now. 10
Slide 11: Forward Looking Statements
Forward Looking Statements Forward Looking Statements During the course of this presentation, there will be forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often address our expected fut
Slide 12: Guiding Principles
12 "Guiding Principles Vision Enriching lives through a safe and sustainable energy future. arin Mission Working together to deliver safe, reliable and affordable energy solutions. Values Safety Excellence Respect Value Integrity Community Environment
Slide 13: NWE – An Investment for the Long Term
NWE – An Investment for the Long Term • 100% pure electric and natural gas utility with over 100 years of operating history Pure Electric & • Solid economic indicators in service territory Gas Utility • Diverse electric supply (owned & contracted) portfolio ~58% hydro, wind, & solar • Residential el
Slide 14: About NorthWestern
About NorthWestern South Dakota Operations Electric 65,300 customers 3,735 miles – transmission & distribution lines 420 MW nameplate owned power generation Natural Gas 50,500 customers 1,851 miles of transmission and distribution pipeline Montana Operations Electric 413,400 customers 25,390 miles –
Slide 15: About Our Company
About Our Company $5.4 Billion 787,000 Rate Base Customers MT - $4.4 billion MT – 627,900 SD/NE – $1.0 billion SD/NE – 159,100 1,585 $549.4 Million Employees Capital Expenditures in 2024 MT - 1,277 MT - $479.5 million SD/NE - 308 SD/NE - $79.9 million 341 Communities in Montana and $8.0 Billion Sout
Slide 16: A Combination Electric and Gas Utility
A Combination Electric and Gas Utility NorthWestern’s ‘80/20’ rules: Approximately 80% Electric and 80% Montana. Nearly $5.4 billion of rate base investment to serve our customers. 16 Data as reported in our 2024 10-K
Slide 17: 2024 - Year in Review
2024 - Year in Review ✓ Operational Performance • Maintained safe and reliable service while reaching new all-time winter and summer electric system peaks in Montana. • Safely completed over $550 million of capital investment. • Substantially completed our 175 MW Yellowstone County Generating Statio
Slide 18: The NorthWestern Value Proposition
The NorthWestern Value Proposition ~5% Dividend Yield + + Base Capital Plan: Incremental Opportunities: 4%-6% EPS Growth > 6% EPS Growth 2025-2029 Capital Investment ($ Millions) $2.74 billion of highly executable and ✓ Data centers & new low-risk capital investment large-load opportunities forecast
Slide 19: Uninterrupted Reliability
Exceeding industry reliability standards… Reliability a remarkable achievement given our rural, rugged and dispersed service territory. 99.982% Uninterrupted In 2023 and 2024, our System Average Interruption Duration Index (SAIDI) performance was 88.8 and 95.2 minutes, respectively, ranking in the f
Slide 20: Utility Bills Well-Below National Average
Keeping energy bills low… Affordability empowering our customers and communities to thrive. Utility Bills Well-Below National Average • Electric - EEI Typical Bills and Average Summer and Winter Rates Reports 2008-2023 ** Natural Gas - EIA U.S. Price of Natural Gas Delivered to Residential Customers
Slide 21: 58% Carbon-Free Portfolio Exceeds 41% National Average
Championing sustainable solutions… Sustainability preserving our rural landscapes for generations to come. 58% Carbon-Free Portfolio Exceeds 41% National Average* Based on MWh's supplied from owned & long-term contracted resources. Contracted Coke & Waste Tailings as well as much of the contracted w
Slide 22: The Incredible Value of Electricity & Natural Gas
The Incredible Value of Electricity & Natural Gas Heat, Cool, Power Cell Phone Bill McDonald’s Coffee / Latte & Protect Your Family of Four Big Mac Meal Entire Home $4 - $5 $10 - $12 $5 - $7 per day $5 - $11 Electricity $3-$4 per day per day per meal Natural Gas $2-$3 Compared to the cost of other n
Slide 23: Conclusion
Conclusion Best Attractive Pure Strong Solid Utility Practices Future Electric & Earnings & Foundation Corporate Growth Gas Utility Cash Flows Governance Prospects 23
Slide 24: Question and Answer
Question and Answer • Please submit questions through the virtual annual meeting website. • We will edit profanity or other inappropriate language. We will edit profanity Questions must: • Questions or other must: inappropriate • be pertinent to meeting matters. • Be pertinent to meeting• matters la
Slide 25: Preliminary Results
Preliminary Results 1. Election of Directors 2. Ratification of Deloitte & Touche LLP, as Independent Registered Public Accounting Firm for 2025 3. Advisory Vote to Approve Named Executive Officer Compensation 25
Slide 26: Thank you
Thank you Delivering a bright future 26
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