Nextera Energy, Inc. · NYSE:NEE

Nextera Energy — Edison Electric Institute Conference 2025

18 slides from Nextera Energy's conference presentation, November 2025

  1. Slide 1: Edison Electric Institute Conference

    Edison Electric Institute Conference NextEra Energy November 2025 NextEra Energy 1

  2. Slide 2: Cautionary Statements and Risk Factors That May Affect Future Results

    Cautionary Statements and Non-GAAP Financial Other Risk Factors That May Affect Information See Appendix for definition of Future Results This presentation refers to Adjusted Earnings expectations. This presentation includes certain financial measures that forward-looking statements were not prepare

  3. Slide 3: NextEra Energy has the team and platform to power America

    NextEra Energy has the team and platform to power America ~$252 B Enterprise Value1 ~76 GW in Operations2 Largest electric utility Largest energy infrastructure in the U.S. developer in the U.S. Supply Chain & Buying Power Customer Network Market Knowledge Operating Scale Artificial Intelligence Dat

  4. Slide 4: We build and operate all forms of energy

    We build and operate all forms of energy Owner and operator of largest electric Operates one of America’s largest utility in the U.S. nuclear fleets Operates America’s largest gas-fired America’s leading transmission utility generation fleet and leading competitive transmission developer World leade

  5. Slide 5: FPL's proposed rate settlement would keep bills low and support smart infrastructure investments

    FPL’s proposed rate settlement would keep bills low and support smart infrastructure investments Proposed Rate Settlement FPL’s Value Proposition 1 Minimum four-year term starting in 2026 Reliability that’s ~60% better than the national average1 10.95% midpoint regulatory ROE; Equity 2 ratio unchang

  6. Slide 6: NextEra Energy has the largest backlog in its history and a proven plan to execute

    NextEra Energy has the largest backlog in its history and a proven plan to execute Energy Resources Backlog We believe our backlog is protected from: GW Tax Credits 30 ~17% CAGR 25 Tariffs 20 19 17 FEOC1 compliance 14 Interest Rates Permitting (1.5x Inventory Coverage) 2020 2021 2022 2023 2024 Curre

  7. Slide 7: Certain wind and solar projects are eligible for tax credits through 2030

    Certain wind and solar projects are eligible for tax credits through 2030; new energy storage and nuclear have even longer runways Phase Out of Federal Tax Credits1 Wind 20302 Solar 20302 Storage 20392 Nuclear 20392 1. Based on One Big Beautiful Bill Act (July 2025) and Treasury guidance (August 202

  8. Slide 8: Through our development platform, we deliver solid returns and shareholder value

    Through our development platform, we deliver solid returns and shareholder value Equity ~13-20%+ IRR1 Operations Financing Supply Chain Origination & EPC Data & Development Technology Spread to 350–450 WACC2 basis points 1. Based on internal estimates for 2024 - 2025 projects at the time of approval

  9. Slide 9: NextEra Energy and Google announce new collaboration to accelerate nuclear energy deployment

    NextEra Energy and Google announce new collaboration to accelerate nuclear energy deployment in the U.S. 615 MW Duane Arnold Energy Center expected to return to 1 operations by the first quarter of 2029 Expected to create thousands of high-quality American jobs and 2 delivers more than $9 billion in

  10. Slide 10: Storage offers compelling speed-to-market and cost advantages as capacity needs grow

    Storage offers compelling speed-to-market and cost advantages as capacity needs grow across the U.S. Levelized cost of capacity1,2 Comparing Capacity Resources 2025, $/KW-mo $22 Battery $21 Gas Peaker $19 Storage $19 $17 $17 $15 $16 $15 $15 Meets capacity needs $12 $13 $12 $11 Equipment ~12 months ~

  11. Slide 11: Our continued track record across the last two decades speaks for itself

    Our continued track record across the last two decades speaks for itself Adjusted EPS CAGR1 10.8% 10.4% 10.4% 10.0% 8.9% 8.5% 5.8% 3.2% 3.1% 3.3% 2.8% 2.1% 3 Year 5 Year 7 Year 10 Year 15 Year 20 Year NEE Utility Avg 1. As of December 31, 2024; FactSet; utility Average of top 10 utilities based on m

  12. Slide 12: NextEra Energy is well positioned to capitalize on key long-term earnings growth drivers

    NextEra Energy is well positioned to capitalize on key long-term earnings growth drivers Illustrative timeline of when we expect investments to drive earnings growth Key Growth Drivers 2025 2030 2035+ Regulated Businesses Florida Power & Light Now and long term FPL Large Load Investing 2030+ Electri

  13. Slide 13: Appendix

    Appendix NExTera’ ENESGY

  14. Slide 14: NextEra Energy remains well positioned to continue our strong adjusted earnings per share growth

    NextEra Energy remains well positioned to continue our strong adjusted earnings per share growth NextEra Energy’s Financial Expectations1 6%–8% off 2024 adjusted EPS range2 $3.85– $4.32 • Expect 6 to 8% annual growth rate through $3.63– 2027, off the 2024 adjusted EPS $4.00 $3.45– expectations range

  15. Slide 15: Reconciliation of Earnings Per Share Attributable to NextEra Energy, Inc. to Adjusted Earnings Per Share

    Reconciliation of Earnings Per Share Attributable to NextEra Energy, Inc. to Adjusted Earnings Per Share1 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 20162 20172 2018 2019 2020 2021 2022 2023 2024 Earnings Per Share Attributable to NextEra Energy, Inc $ 0.62 $ 0.58 $ 0.81 $ 0.82 $ 1.

  16. Slide 16: Definitional information

    Definitional information NextEra Energy, Inc. Adjusted Earnings Expectations (including subsidiaries as applicable) This presentation refers to adjusted earnings per share expectations. NextEra Energy does not provide a quantitative reconciliation of forward-looking adjusted earnings per share to ea

  17. Slide 17: Cautionary Statement And Risk Factors That May Affect Future Results

    Cautionary Statement And Risk Factors That May Affect Future Results This presentation contains “forward-looking are subject to risks and uncertainties that could to environmental laws, regulations and other negotiation of project development agreements, statements” within the meaning of the safe ca

  18. Slide 18: Cautionary Statement And Risk Factors That May Affect Future Results (cont.)

    Cautionary Statement And Risk Factors That May Affect Future Results (cont.) risk of increased operating costs resulting from limited liquidity in over-the-counter markets; ability to fund its liquidity and capital needs and sole discretion of NextEra Energy's board of unfavorable supply costs neces

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