Exelon Corporation · NASDAQ:EXC
Exelon — Sanford C. Bernstein & Co. Strategic Decisions Conference 2008
13 slides from Exelon's conference presentation, May 28, 2008
Slide 1: Sustainable Value
Exhibit 99.1 Sustainable Value John W. Rowe Chairman, President & Chief Executive Officer Exelon Corporation Sanford C. Bernstein & Co. Strategic Decisions Conference New York City May 28, 2008
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, that are subject to risks and uncertainties. The factors that could cause actual results to differ materially from these forward-looking statem
Slide 3: Company Overview
Company Overview Regional Wholesale Energy Traditional Transmission & Distribution Nuclear, Fossil, Hydro & Renewable Generation Illinois Pennsylvania Power Marketing Utility Utility Nuclear Capacity: 16,969 MW Customers Total Capacity: 32,332 MW Electric: 3.8M 1.6M Gas: - 0.5M • 2008: Generation es
Slide 4: Financial Performance
Financial Performance Adjusted (non-GAAP) Operating EPS Total Shareholder Return EXC 276% 10/20/00 – 5/23/08 Assumes dividend reinvestment Source: Bloomberg $4.32 $3.22 $3.10 $2.78 $2.61 $2.41 UTY $2.24 97% $1.93 2000 2001 2002 2003 2004 2005 2006 2007 4
Slide 5: World-Class Nuclear Operator
World-Class Nuclear Operator Average Capacity Factor Range of Fleet 2-Yr Avg Capacity Factor (2003-2007) 100% 100 EXC 93.5% 90% 95 80% 70% 90 60% 85 50% 80 40% 30% 75 20% 70 Rang 5-Year Average 10% 0% 65 Exelon Industry Operator (# of Reactors) Note: Exelon data prior to 2000 represent ComEd-only nu
Slide 6: Strategic Direction
Strategic Direction Protect Today’s Value + Grow Long-Term Value • Deliver superior operating • Drive the organization to the next performance level of performance • Advance competitive markets • Set the industry standard for low • Protect the value of our generation carbon energy generation and del
Slide 7: Strategic Direction
Strategic Direction Protect Today’s Value + Grow Long-Term Value • Deliver superior operating • Drive the organization to the next performance level of performance • Advance competitive markets • Set the industry standard for low • Protect the value of our generation carbon energy generation and del
Slide 8: Supporting a Low Carbon Future
Supporting a Low Carbon Future $120 Solar PV >$800/MT Exelon’s CO 2 Abatement Opportunities (>$300/MT w/ tax incentives) $100 25% Reduction in Internal Energy Use $80 $60 $40 Landfill Gas $20 $0 0 10 20 30 Million Metric Tons (MT) of CO2 per Year ($20) Energy Efficiency Repower Coal Plant Alternativ
Slide 9: Sustainable value
Se gn Sustainable value ____f
Slide 10: Appendix – GAAP Reconciliation
Appendix – GAAP Reconciliation 10
Slide 11: GAAP EPS Reconciliation 2000-2002
GAAP EPS Reconciliation 2000-2002 2000 GAAP Reported EPS $1.44 Change in common shares (0.53) Extraordinary items (0.04) Cumulative effect of accounting change -- Unicom pre-merger results 0.79 Merger-related costs 0.34 Pro forma merger accounting adjustments (0.07) 2000 Adjusted (non-GAAP) Operatin
Slide 12: GAAP EPS Reconciliation 2003-2005
GAAP EPS Reconciliation 2003-2005 2003 GAAP Reported EPS $1.38 Boston Generating impairment 0.87 Charges associated with investment in Sithe Energies, Inc. 0.27 Employee severance costs 0.24 Cumulative effect of adopting SFAS No. 143 (0.17) Property tax accrual reductions (0.07) Enterprises’ Service
Slide 13: GAAP EPS Reconciliation 2006-2007
GAAP EPS Reconciliation 2006-2007 2006 GAAP Reported EPS $2.35 Mark-to-market adjustments from economic hedging activities (0.09) Investments in synthetic fuel-producing facilities 0.04 Charges related to now terminated merger with PSEG 0.09 Severance charges 0.03 Nuclear decommissioning obligation
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