Nextera Energy, Inc. · NYSE:NEE
Nextera Energy — Investor Presentation (March 2026)
30 slides from Nextera Energy's investor presentation, March 2026
Slide 1: March Investor Presentation
March Investor Presentation NextEra Energy March 2026 NextEra Energy 1
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. This presentation includes certain financial measures that forward-looking statements were not prepared in within t
Slide 3: NextEra Energy has the team and platform to power America
NextEra Energy has the team and platform to power America ~$300 B Enterprise Value1 ~80 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
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 one of America’s largest gas- America’s leading transmission utility fired generation fleets and leading competitive transmission developer Wo
Slide 5: Our world-class supply chain leverages our scale and expertise
Our world-class supply chain leverages our scale and expertise Secured initial gas turbine U.S. battery supply capacity with GE Vernova secured against 1.5x for 4 GWs of combined- expectations through 2029 cycle gas plant capacity inventory Solar panel supply secured against Purchased switchgears an
Slide 6: More than 12 ways to grow over the next decade
We believe NextEra Energy is well-positioned to deliver strong growth over the next decade with more than 12 ways to grow Illustrative timeline of when we expect investments to drive earnings growth Key Growth Drivers 2025 2030 2035+ Florida Power & Light Now and long term Businesses Regulated FPL L
Slide 7: As the nation's leading electric utility, FPL powers Florida's growth
FPL Large Electric Gas NEER Large PPA Customer Artificial FPL Renewables Storage Gas Nuclear Load Transmission Transmission Load Recontracting Supply Intelligence As the nation’s leading electric utility, FPL powers Florida’s growth Largest electric utility in the U.S. with over 6 MM customer accoun
Slide 8: FPL's rate settlement keeps bills low and supports smart infrastructure investments
FPL Large Electric Gas NEER Large PPA Customer Artificial FPL Renewables Storage Gas Nuclear Load Transmission Transmission Load Recontracting Supply Intelligence FPL’s rate settlement keeps bills low and supports smart infrastructure investments Key Takeaways Four Years of Certainty Top-End ROE Kee
Slide 9: FPL makes smart capital investments, delivering low bills for customers
FPL Large Electric Gas NEER Large PPA Customer Artificial FPL Renewables Storage Gas Nuclear Load Transmission Transmission Load Recontracting Supply Intelligence FPL makes smart capital investments, delivering low bills for customers Cost Effectiveness Reliability Continued Smart Investments Reside
Slide 10: FPL is in discussions with multiple customers representing approximately 9 GW of large load
FPL Large Electric Gas NEER Large PPA Customer Artificial FPL Renewables Storage Gas Nuclear Load Transmission Transmission Load Recontracting Supply Intelligence FPL is in discussions with multiple customers representing approximately 9 GW of large load development ramping up as early as 2028 FPL L
Slide 11: NextEra Energy Resources is the leading electric energy infrastructure company in North America
FPL Large Electric Gas NEER Large PPA Customer Artificial FPL Renewables Storage Gas Nuclear Load Transmission Transmission Load Recontracting Supply Intelligence NextEra Energy Resources is the leading electric energy infrastructure company in North America ~43 GW1 of generation and storage in oper
Slide 12: NEET is pursuing investment opportunities across multiple growth channels
FPL Large Electric Gas NEER Large PPA Customer Artificial FPL Renewables Storage Gas Nuclear Load Transmission Transmission Load Recontracting Supply Intelligence NEET is pursuing investment opportunities across multiple growth channels Competitive & Greenfield Development >$25 B Pipeline of Partner
Slide 13: Energy Resources expects to continue to invest in both electric and gas transmission
FPL Large Electric Gas NEER Large PPA Customer Artificial FPL Renewables Storage Gas Nuclear Load Transmission Transmission Load Recontracting Supply Intelligence Energy Resources expects to continue to invest in both electric and gas transmission Growing our regulated transmission businesses Electr
Slide 14: Energy Resources has the largest renewables and storage backlog in its history
FPL Large Electric Gas NEER Large PPA Customer Artificial FPL Renewables Storage Gas Nuclear Load Transmission Transmission Load Recontracting Supply Intelligence Energy Resources has the largest renewables and storage backlog in its history and a proven plan to execute Energy Resources’ Backlog and
Slide 15: Renewables and storage business is expected to triple in size over the next several years
FPL Large Electric Gas NEER Large PPA Customer Artificial FPL Renewables Storage Gas Nuclear Load Transmission Transmission Load Recontracting Supply Intelligence Energy Resources’ renewables and storage business is expected to triple in size over the next several years Renewables & Storage Developm
Slide 16: Energy Resources is advancing gas projects and has secured turbine slots for 4 GW
FPL Large Electric Gas NEER Large PPA Customer Artificial FPL Renewables Storage Gas Nuclear Load Transmission Transmission Load Recontracting Supply Intelligence Energy Resources is advancing gas projects with customers across the country and has secured turbine slots for 4 GW of combined-cycle gas
Slide 17: Energy Resources is pursuing contracts for its best-in-class nuclear assets
FPL Large Electric Gas NEER Large PPA Customer Artificial FPL Renewables Storage Gas Nuclear Load Transmission Transmission Load Recontracting Supply Intelligence Energy Resources is pursuing contracts for its best-in- class nuclear assets to secure major long-term value Point Beach Nuclear | Wiscon
Slide 18: Energy Resources is positioned to deliver fast, market-ready solutions for large load customers
FPL Large Electric Gas NEER Large PPA Customer Artificial FPL Renewables Storage Gas Nuclear Load Transmission Transmission Load Recontracting Supply Intelligence Energy Resources is positioned to deliver fast, market-ready solutions for large load customers We offer speed-to-market, ready-now solut
Slide 19: Data center hubs are expected to contribute at least 15 GW of new generation
FPL Large Electric Gas NEER Large PPA Customer Artificial FPL Renewables Storage Gas Nuclear Load Transmission Transmission Load Recontracting Supply Intelligence Data center hubs are expected to contribute at least 15 GW of new generation by 2035, supporting increased gas origination Base Case1 Ups
Slide 20: Power prices have increased, creating valuable opportunities for Energy Resources' portfolio
FPL Large Electric Gas NEER Large PPA Customer Artificial FPL Renewables Storage Gas Nuclear Load Transmission Transmission Load Recontracting Supply Intelligence Power prices have increased, creating valuable opportunities for Energy Resources’ portfolio Illustrative PPA Recontracting Opportunities
Slide 21: Customer Supply business provides a key competitive advantage to developing data center hubs
FPL Large Electric Gas NEER Large PPA Customer Artificial FPL Renewables Storage Gas Nuclear Load Transmission Transmission Load Recontracting Supply Intelligence Energy Resources’ Customer Supply business provides a key competitive advantage to developing data center hubs Adding Value through Custo
Slide 22: NextEra Energy has partnered with Google Cloud to redefine the future of the electric industry
FPL Large Electric Gas NEER Large PPA Customer Artificial FPL Renewables Storage Gas Nuclear Load Transmission Transmission Load Recontracting Supply Intelligence NextEra Energy has partnered with Google Cloud to redefine the future of the electric industry Go-to-Market Objectives Our Rewire AI tran
Slide 23: Energy Resources had a record year of new generation and storage origination
FPL Large Electric Gas NEER Large PPA Customer Artificial FPL Renewables Storage Gas Nuclear Load Transmission Transmission Load Recontracting Supply Intelligence Energy Resources had a record year of new generation and storage origination, adding ~13.5 GW to the backlog in 20251 NextEra Energy Reso
Slide 24: Well positioned to continue 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 Adjusted Earnings Per Share Expectations 2025-2035E Expect 8%+ CAGR through 2032 off 2025 8%+ Long-term adjusted EPS2 Target2 8%+ Long-term Expectations2 Targetin
Slide 25: Appendix
Appendix NeExTera’ ENERGY
Slide 26: Well positioned to navigate the current interest rate environment
NextEra Energy is well positioned to navigate the current interest rate environment Interest Rate Sensitivity Estimated Adjusted EPS Impact of +50 bps Interest Rate Increase1 2026 2027 2028 $0.00–($0.01) ($0.01)–($0.03) ($0.02)–($0.04) NextEra Energy’s notional interest rate hedges total nearly $38.
Slide 27: Reconciliation of GAAP Net Income to Adjusted Earnings
Reconciliation of GAAP Net Income to Adjusted Earnings Attributable to NextEra Energy, Inc. (Twelve Months Ended December 31, 2025) Energy Corporate NextEra (millions, except per share amounts) FPL Resources & Other Energy, Inc. Net Income (Loss) Attributable to NextEra Energy, Inc. $ 5,012 $ 2,975
Slide 28: 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
Slide 29: 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 performance. The future results of NextEra NextEra Energy; capital expenditures, increased siting, construction, permitting, governmental statements” within the meaning of the safe Energy
Slide 30: Cautionary Statement And Risk Factors That May Affect Future Results (cont.)
Cautionary Statement And Risk Factors That May Affect Future Results (cont.) coverage does not provide protection against all contracts or of requirement for NextEra Energy through the end of their respective operating timing of dividends payable on NextEra Energy's significant losses; a prolonged p