Public Service Enterprise Group Incorporated · NYSE:PEG
Public Service Enterprise — Investor Presentation (May 2016)
11 slides from Public Service Enterprise's investor presentation, May 10, 2016
Slide 1: Forward-Looking Statements
Forward-Looking Statements EXHIBIT 99 Certain of the matters discussed in this report about our and our subsidiaries' future performance, including, without limitation, future revenues, earnings, strategies, prospects, consequences and all other statements that are not purely historical constitute “
Slide 2: GAAP Disclaimer
GAAP Disclaimer PSEGpresents Operating Earnings in addition to its Income from Continuing Operations/Net Income reported in accordance with accounting principles generally accepted in the United States (GAAP).Operating Earnings is a non- GAAP financial measure that differs from Income from Continuin
Slide 3: Operating Earnings
Operating Earnings Disciplined investment program and focus on operational excellence have supported growth Operating Earnings* Contribution by Subsidiary Power’sdiverse fuel mix and dispatch flexibility continue to ** generate strong earnings and free cash flow in low price environment PSE&G’sinves
Slide 4: PSE&G's 2016 operating earnings
PSE&G’s 2016 operating earnings to benefit from investment programs and cost control PSE&G Operating Earnings ($ Millions) $875 -- $925E $787 $725 2014 2015 2016 Guidance E =ESTIMATE. 37
Slide 5: PSEG Power has other attractive sources of revenues
PSEG Power has other attractive sources of revenues to round out a robust portfolio Gas Asset Optimization Large wholesale provider to PSE&G and others Storage capacity of approximately 75 Bcf (in the Gulf and market regions) Firm transportation of 1.3 Bcf/day on seven pipelines Off-system sales mar
Slide 6: Power's 2016 operating earnings
Power’s 2016 operating earnings incorporates impact from abnormally warm weather and retirement of capacity Power Operating Earnings* ($ Millions) $642 $653 $490 – $540E 2014 2015 2016 Guidance *SEE SLIDE A FOR ITEMS EXCLUDED FROM NET INCOME TO RECONCILE TO OPERATING EARNINGS. E = ESTIMATE. 58
Slide 7: A higher regulated earnings mix
A higher regulated earnings mix due to growth in PSE&G earnings with a significant contribution from Power PSEG Operating Earnings $ Millions (except EPS) 2012 2013 2014 2015 2016E Guidance PSE&G $528 $612 $725 $787 $875 - $925 PSEG Power $663 $710 $642 $653 $490 - $540 Enterprise/Other $45 ($13) $3
Slide 8: Strong financial position to support our business initiatives
Strong financial position to support our business initiatives in 2016 and beyond 2016 and Beyond Continuing strong earnings trend in 2016 with guidance Earnings of $2.80 to $3.00 per share Deploying significant capital at PSE&G for projects with contemporaneous returns Investment Pursuing Power proj
Slide 9: PSEG Summary
PSEG Summary • 2015 earnings of $2.91 were at the upper end of our upwardly revised operating earnings guidance of $2.85 -$2.95 per share • Forecast growth at PSE&G supports our 2016 guidance of $2.80 to $3.00 per share • Forecast high single-digit rate base growth at PSE&G on five year basis from 2
Slide 10: PSEG Financial Highlights
PSEG Financial Highlights Maintaining 2016 Operating Earnings* guidance of $2.80 - $3.00 per share Focused on maintaining operating efficiency and customer reliability Salem Q2 refueling outage extended to replace and repair baffle bolts in reactor vessel PSE&G expected to contribute over 60% of 201
Slide 11: Items Excluded from Income to Reconcile to Operating Earnings
Items Excluded from Income from Continuing Operations/Net Income to Reconcile to Operating Earnings PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED For the Year Ended Reconciling Items, net of tax December 31, 2015 2014 2013 2012 2011 Earnings Impact ($ Millions) (Unaudited) Operating Earnings $ 1,476
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