Centerpoint Energy, Inc (holding Co) · NYSE:CNP
Centerpoint Energy, Inc (holding Co) — Q2 2021 Earnings Presentation
18 slides from Centerpoint Energy, Inc (holding Co)'s earnings presentation, Aug 5, 2021
Slide 1: Second Quarter 2021 Investor Update
SECOND QUARTER 2021 INVESTOR UPDATE August 5, 2021 Exhibit 99.2
Slide 2: Forward-looking statements
This presentation and the oral statements made in connection herewith contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical fact included in this
Slide 3: Measurable Progress in 1 Year
Measurable Progress in 1 Year Former CNP Current CNP (1) Increased guidance 5%—7% (1) Utility EPS Growth / Comp vs. Peers 6%—8% (In line with peer average) (2) (Top decile) Capital Plan / Rate base growth $13B $16B+ (7.5% Rate Base CAGR) (3) (10% Rate Base CAGR) (4) Target 1%—2% YoY reduction Kept O
Slide 4: Q2 2021 v Q2 2020 Non-GAAP EPS
Q2 2021 v Q2 2020 Non-GAAP EPS (1) Primary Drivers Growth COVID One-time 2020 Midstream, Ongoing and Rate and Misc. Tax Equity incl. tax Cost Mgmt (2) Recovery Revenue Change Issuance change $0.36 $0.03 $0.02 $0.02 (2) Midstream (3) $0.03 $0.08 $0.08 $0.04 $0.03 $0.21 Midstream (3) Electric Electric
Slide 5: Capital Expenditures by Segment
Capital Expenditures by Segment Current Plan—$16B+ Potential Q2 YTD FY Plan 5-YR Incremental ($ in millions) 2021 2021 2021 (1) Plan Opportunities “+$1B” identified above Electric 524 920 ~1,940 $9.1B the $16B+ from Analyst Day including:,§ System maintenance / Natural Gas 346 541 ~1,400 $7.5B relia
Slide 6: Winter Storm Uri Gas Cost Recovery Update
Winter Storm Uri Gas Cost Recovery Update. Estimated Cost Recovery / State Carrying Costs Amount Securitization TX $1.1 billionƒ¼ƒ¼ Requested recovery Requested actual MN $409 million over 27 months (1) cost of debt (1) (2) AR $339 millionƒ¼ƒ¼ OK $79 millionƒ¼ƒ¼ Estimated remaining balance 12 months
Slide 7: Consistent, Premier Performance
Consistent, Premier Performance…. EXAMPLES OF O&M POTENTIAL COST SAVINGS (1) Non-GAAP UTILITY EPS AS PLANNED Plan Utility EPS Guidance Good Business Decisions 2021 v 2020 2021 to 2025 $1.10—$1.20 $1.25—$1.27 ($M) ($M) Attrition $4 $20 Carbon Reduction (Coal Gas Renewables) $1.17 (3) N/A 25 8% to (2)
Slide 8: Takeaways
Takeaways…. Second Quarter 2021 Results Delivered GAAP EPS of $0.37 and non-GAAP EPS (1) of $0.36 Fundamental Strength Led to Increased 2021 Utility EPS Guidance Raising 2021 non-GAAP Utility EPS guidance to $1.25—$1.27; Maintain LT projected non-GAAP Utility EPS growth of 6%—8% Disciplined Industry
Slide 9: Thank You For Your Support
THANK YOU FOR YOUR SUPPORT Contacts Philip Holder Jackie Richert Panpim Lohachala Senior Vice President Director Manager Strategic Planning and Investor Relations Investor Relations Investor Relations Tel. (713) 207 – 7792 Tel. (713) 207 – 9380 Tel. (713) 207 – 7961 philip.holder@centerpointenergy.c
Slide 10: Appendix
Appendix
Slide 11: Weather and Throughput Data
Weather and Throughput Data Electric Natural Gas Q2 2021 Q2 2020 2021 vs 2020 Q2 2021 Q2 2020 2021 vs 2020 Residential 30 32 (6)% Residential 8,323 8,759 (5)% Bcf) Commercial and 88 87 1% GWh) (in (in Industrial Throughput Total 26,886 24,228 11% Throughput Total 118 119 (1)% (2) (2) Residential 4,3
Slide 12: Reconciliation: Quarter Ended June 30, 2021
Reconciliation: Income (Loss) and Diluted Earnings (Loss) per share to non-GAAP Income and non-GAAP Diluted EPS used in providing annual earnings guidance Quarter Ended June 30, 2021 Utility Operations Midstream Investments Corporate and Other (4) Consolidated Dollars in Diluted Dollars in Diluted D
Slide 13: Reconciliation: Year-to-Date June 30, 2021
Reconciliation: Income (Loss) and Diluted Earnings (Loss) per share to non-GAAP Income and non-GAAP Diluted EPS used in providing annual earnings guidance Year-to-Date June 30, 2021 Utility Operations Midstream Investments Corporate and Other (4) Consolidated Dollars in Diluted Dollars in Diluted Do
Slide 14: Reconciliation: Quarter Ended June 30, 2020
Reconciliation: Income (Loss) and Diluted Earnings (Loss) per share to non-GAAP Income and non-GAAP Diluted EPS used in providing annual earnings guidance Quarter Ended June 30, 2020 CES(1) & CIS(2) Utility Operations Midstream Investments Corporate and Other (6) (Disc. Operations) Consolidated Doll
Slide 15: Reconciliation: Year-to-Date June 30, 2020
Reconciliation: Income (Loss) and Diluted Earnings (Loss) per share to non-GAAP Income and non-GAAP Diluted EPS used in providing annual earnings guidance Year-to-Date June 30, 2020 CES(1) & CIS(2) Utility Operations Midstream Investments Corporate and Other (6) (Disc. Operations) Consolidated Dolla
Slide 16: Reconciliation: Twelve Months Ended December 31, 2020
Reconciliation: Income (Loss) and Diluted Earnings (Loss) per share to non-GAAP Income and non-GAAP Diluted EPS used in providing annual earnings guidance Twelve Months Ended December 31, 2020 CES(1) & CIS(2) Utility Operations Midstream Investments Corporate and Other (6) (Disc. Operations) Consoli
Slide 17: Regulatory Information
Regulatory Information Information Location Electric ï,§ Estimated 2020 year-end rate base by jurisdiction Regulatory Information – Electricï,§ Authorized ROE and capital structure by jurisdictionï,§ Definition of regulatory mechanismsï,§ Projected regulatory filing schedule Natural Gas ï,§ Estimate
Slide 18: Additional information: Use of Non-GAAP Financial Measures
Additional information Use of Non-GAAP Financial Measures In this presentation and the oral statements made in connection herewith, CenterPoint Energy presents, based on diluted earnings per share, non-GAAP income and non-GAAP Utility earnings per share (“Utility EPS”), which are not generally accep