Entergy Corporation · NYSE:ETR
Entergy — EEI Financial Conference 2003
14 slides from Entergy's conference presentation, Oct 24, 2003
Slide 1: Fall 2003 EEI Financial Conference
Meeting Discussion Boards Fall 2003 EEI Financial Conference Beaaa — Enter, October 26% — 28%, 2003 n if oy
Slide 2: Safe Harbor Statement & Reg G Compliance
Safe Harbor Statement & Reg G Compliance The following constitutes a “Safe Harbor” statement under the Private Securities Litigation Reform Act of 1995: From time to time, Entergy makes statements concerning its expectations, beliefs, plans, objectives, goals, strategies, and future events or perfor
Slide 3: Entergy-Koch Trading Europe
Entergy-Koch Trading Europe ondon Headquarters + Member of Amsterdam Power Exchange, Leipzig Power Exchange, Nordpool and International Petroleum Exchange 3 T e )?¢ Way e . a \ e Domestic Utility Energy Commodity Services * 2.6 million customers intergy-Koch, LP - Houston Headquarters + 4contiguous
Slide 4: What We Want
What We Want To Achieve Top quartile total shareholder return Average annual earnings growth of 8-10% near-term; 5-6% long-term Improved business position — A credit rating 10% long-term return on invested capital Consistent annual dividend increases What We Believe Creates Value Strategic Themes Cr
Slide 5: Operational Earnings
Operational Earnings $/share $4.30 $4.25 a $3.81 |S $ $3.24 $2.80 $2.08 all 98 99 00 01 02 O3E O04E BF company cuidence Range %o Target 50%. 50 Projected 40 Range 30 20 10 0 98 99 oO 01 02 O3E O4E O05E Projected Liquidity 3Q03-2005, $ billion 5.2 Available for Investment, Debt/Equity Retirement, Div
Slide 6: Reduced Debt
Reduced Debt Maturities in 03-07 Net Debt to Net Capital Ratio % of total debt % 9/30/02 Today 9/30/02 Today + $3.9 billion of financings in past year emphasize duration matching and prefunding -Take advantage of lower interest rate environment -Extend duration of maturities to match asset life + Re
Slide 7: Other Industries Prove Productivity is Achievable
Other Industries Prove Productivity is Achievable Productivity by Industry Back to Basics Strategy Sets Stage for Productivity Improvement 93-00; Multifactor Productivity Index Productivity | Recent ETR Achievements 130 ee Driver Implement New |-Customer Information System 120 Technology __| «Distri
Slide 8: Service Territory
Service Territory + Provide highly reliable and cost-effective service to 2.6 million electric and 240,000 gas customers + Execute back to basics strategy to improve regulatory relationships by investing in reliability and improving service to customers + Obtain recovery of investment and incentives
Slide 9: Entergy System Profile
Entergy System Profile North Arkansas =< Merchant ‘Capacity yar2 WoTAB's Profile .Merchant Capacity 530 MW Tn cont Tenaga setts bs Note: Import Capabitiy, Load & Capacty are forecast estimates for 2004 Objectives + Secure long-term reliable electricity supply to cover Entergy’s 3000 MW short positio
Slide 10: Texas Service Territory Customer Profile
Texas Service Territory Customer Profile Regulated Energy Sales Competitive Energy Sales Customers by Class 02, % of GWh Customers by Class —_93E, % of GWh 02, thousands 10/03, thousands Residential 317 Commercial 38 Residential 58 Governmental 2 Commercial EGSI-TX Industrial each & Industrial 5 Tot
Slide 11: Non-Utility Nuclear
@ small Scale Plants) ™ ETR Owned Plants _ ETR Operated Plants Note: Map includes only plants whose owners operate three units or less + Premier nuclear operations by maximizing output and safety while minimizing cost + 24 Jargest nuclear operator with nearly 9,000 MW owned at eight plants + Managem
Slide 12: Gulf South Pipeline and Storage
Gulf South Pipeline and Storage | + Operational excellence in serving local distributors, industrials, power plants, and other pipelines + Strategic location near Gulf of Mexico reserves + Interconnection with key U.S. pipelines Operational 01 02 03YTD Throughput, BCFiday 2.45 2.40 1.98 Production C
Slide 13: Strategy
Strategy Targeted Earnings Contribution Physical Optimizatio: Financial Optimization Operational Electricity Volatility, % Gas Volatility, % Gain/Loss Days Ratio Financial EPS Avg. DE@R, $ million Point of View Trading Disciplined and analytically based trading - gas, power, weather Emphasis on high
Slide 14: 98-03 Results, Near-Term and Long-Term Aspirations
98-03 Near-Term Long-Term Results Aspirations Aspirations e Grew operational earnings e Deliver average annual e Deliver average annual 19% * earnings growth of 8-10% earnings growth of 5-6% e Improved net margin from _e Improve net margin e Maintain top quartile net 0, 0, i Cor 8S TOM e Achieve $14