Slide 1: Investor Meetings June 13, 2013
Exhibit 99.1 Exhibit Investor June Cross Consumers Gas Combined 13, Winds® 99.1 Meetings 2013 Smart Energy Cycle Energy Plant Park Program
Slide 2: Forward-Looking Statements and Information
This of STATEMENTS factors update The comparable CMS company’s potential 1 guidance. 1933, presentation presentation Energy’s Energy any that as to present of amended, could impact, GAAP provides the and AND also information is cause operating Consumers measure favorably made and includes INFORMATIO
Slide 3: CMS Energy Consistent Growth Model
CMS Self-Imposed Predictable Consistent RESULTS Base O&M Ten Investment “Needed Constructive Catalysts Visible Sales Strong Credit .Growth 2 . . .Year working Rates Recovery Energy Down Rating Customer Capital Self-funded Not - $15 < 1% Regulation Wanted” 2% MODEL well. Limits Upgrade Billion Invest
Slide 4: Near-Term Catalysts
Near-Term Catalysts 1. 2. 3. 4.Strong 5. upgraded .6. 3 . .Growth Constructive Capital Sales Credit . progress recovery customer rating Progress as investment self-funded Catalysts well made, upgrade regulation Michigan focus more .Ten-year .NOLs . Parent Leader . opportunities Governor GDP andvisib
Slide 5: Catalyst: Constructive Regulation
CATALYST 2008 Renewable Growth Energy File Speed Term Risk Retail Opportunities Decoupling Further Future .U 4 . t. .tdand provides Mitigation Energy Ends: Sttl open investment optimization streamline implement t!energy access July y#1 Law improvements Orjiakor Uncontested –Constructive 2 Commission
Slide 6: Catalyst: Major Investment Opportunities
CATALYST Major Karn/Weadock Environmental (bils) Ludington $7.3 $7 g Storage Sto Thetford Consumers Energy Campbell Gas p Plant, ,C Base Reliabilit .Reliability 5 .ompliance gp.0.age Transmission drives Rate Environmental Projects Program aPlant, Natural t, AGenerating Pumped & EPS Smart tomation #C
Slide 7: Long-Term Capital Investment Plan
Long-Term $1.6 1.4 1 Peer 1.2 1.0 0.8 Amount )F CMS Next 0 y 0.2 2 .a0.0 6 ..4 irst Source: 40. Average _0 Ten .(Pace $1.5 0_3 ten-year bils) five five years New _years years 10K; _2004 Capital ~plan $15 Gas $1.5 $8 72005 actual Plant provides 0Investment 6amounts 0.6 2006 andylong-term Gas 2007 thr
Slide 8: Catalyst: Industrial Sales Recovery
CATALYST Industrial U.S. 10% 4% 6% 1% 1%b 2% -1% -2% -3% 2008 -9% -6% -4% vs aConsumers .b 7 .Weather Excluding .Peers .2% 4%b -1% -2% -3% steady, Utilities 5%b 2009Total 0% normalized 2010 stronger one # 0% Electric 2011 company .5%than 2012 Sales other with 2013E Recovery Economic service 2008ater
Slide 9: Michigan Economy Performance
Michigan Gross WA 5th 8.1 Best OR 11% 13 2.7 2.1 8.2 MI (3.5) 6 MA 6.1 7.4 6.6 7 PA IN NV 7.9 UT RI CT 2.9 12 5.9 8.7 MO 7.3 3.1 CA OK 5.0 DC AZ 4.7 5.6 4 4.6 5 4.2 TX 13.0 HI FL 6.9 Third U.S. .Source: 8 .627391.AK 38OH AR WV 6CO 13.8 NY IA 11.0 IL 1KS 6.2 1.0 KY 7.5 NC 5.7 SC 0.7 .1.2 NM LA 8ID TN
Slide 10: Catalyst: Strong Cost Control
#4.rograms Electric Annual Three p ??Health Peer g ?? Productivity Source: Consumers .-0.5% 9 p.Th Pension Labor CATALYST . Average outstanding lvoluntary tChange SNL Non-fuel tiagreements care prefunding up data up sharing –41% 2012 separation 7% cost Strong O&M service ?? over performance SAP Cost
Slide 11: O&M Cost Reductions and Reinvestment
Strong Average Amount g) Western Inflation and -8% 2% Consumers Reinvested Productivity -6% Benefit .aAnnual 10 .Electric .) .-1% benefit -3% holds Customer Average plans --22%% coal Annual 7% 2% SAP non-fuel down Small plans P50 Workforce $250 Consumers 40 t(-6% Change lrates Focus F)coal O&M (t B
Slide 12: Catalyst: Credit Rating Upgrade
CATALYST S&P Scale AABB- BBB BBB- CMS BB+ BB BB- B+ B- P Present .B 2002 11 .itOutlook B2 .B3 B1 .Ba2 Ba3 Parent /Ba1 Baa2 Baa3 Fitch B+Stable AABa23a1 rating Unsecured Moody’s #5 – Credit Stable bestS&P inCoSnescuumreedrs Rating Positive history Moody’s Upgrade of Prior the Fitch Company. ....
Slide 13: Gross Operating Cash Flow
Operating Gross $2.5 (bils) Amount $2 p up 0.1 2 2.0 $ 1 $1.6 1.5 $1 1.3 Base 1.0 0.5 Cash 0.0 2011 (0.5) aNOLs Non 12 .8 Non 70g38$2Investment 2.2 billion $1 1.9 Interest 1.4 0Investment 1.7 1.5 2012 flow operating GAAP &91and 2.0 per Credits Cash before $2 2013E taxes $1 year 04choices 2.1 Flow ca
Slide 14: Catalyst: Self-Funded Investment
CATALYST Net $0.7 $0.8 $0.4 2011 $0.1 $0.2 Gross .a“Block” 13 .Maintain . .NOLs $0.7 $0.4 self-funded. 2012 NOLs Equity and 2013E existing #6 (bils) Tax –EPS a 02014E $1.5 Credits 0DRIP 0Growth 0$1.2 02015E and 0 0$1.1 continuous . . 2016E . $0.3 . $0.2 2017E equity $0 $0program
Slide 15: Five-Year EPS Growth Target
Five EPS $1.70 +7% +8% +4% +12% T Target A C Constructive Predictable climate ed O g .a2003 14 .Adjusted nTen-+% % it.ctab ltrack . Actual % 11% aGrowth distinguish Key 5% Dividend with up 2004 7% Transparent Gross 5% e$0.1 for 5%-7% OTakeaways Growth earnings -EPS 2005 %t=7% consecutive operating k
Slide 16: Appendix
APPENDIX
Slide 17: Capital Expenditures Plan 2013-2017
Capital 2013-2017 2012 (mils) Electric Generation Distribution New Other Base Investment Environmental Reliability Gas Thetford Renewables Consumers Total 16 Infrastructure Customers Capital 2013 base Choices Utility 86 60 (mils) Expenditures Gas 99capital 58135 2014 Plan 99 Choices Smart 88 56 183
Slide 18: Installed Capacity and Peak Demand
Capacity Installed MW 8,000 8,500 9,000 9,500 2012 4,5000 5,000 5,500 6,000 6,500 7,000 .7,500 17 . . . need Peak 2013 UpCapacity .tSoh looms. Demand ..2014 . . 1o,r5t0fa0l 2015 Excl with 2016 Classic 11% lMW 2017 Reserve 7 Classic Margin 7 Coal Peak Plants Demand with 18% Reserve Margin
Slide 19: Gas Generating Plant Timeline
Gas Generating Demonstrate File Decision 2012 Air Submitted Certificate Necessity Project to jC CSpuemnudliantgive 18ontracts Proceed Permit Plant early 2013 Award within summer I(nmvielss)tment CON Submit Approval of Operation 2014 plant need Major 270 2015 investments Approval through 2013 days Fu
Slide 20: Propane Customer Switching to Gas
Strong 70,000 Saves Annual Propane Total 8,600 2,738 5,000 2012 .1,345 2017E 19 . . . a2013E New 8,600 3,000 customers better Customer potential Customer to Customers Gas Future energy customers ~$2,000 Focus Switching 2013E- value. – per Propane . year . . . Pace to Gas Picking Switching Up . . . .
Slide 21: GAAP Reconciliation
GAAP R Reconciliation
Slide 22: Earnings Per Share By Year GAAP Reconciliation
CMS ENERGY CORPORATION Earnings Per Share By Year GAAP Reconciliation (Unaudited) 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Reported earnings (loss) per share - GAAP ($ 0.30) $ 0.64 ($ 0.44) ($ 0.41) ($ 1.02) $ 1.20 $ 0.91 $ 1.28 $ 1.58 $ 1.42 After-tax items: Electric and gas utility 0.21 (
Slide 23: Reconciliation of Gross Operating Cash Flow to GAAP
CMS Energy Reconciliation of Gross Operating Cash Flow to GAAP Operating Activities (unaudited) (mils) 2011 2012 2013 2014 2015 2016 2017 Consumers Operating Income + Depreciation & Amortization $1,527 $1,635 $1,735 $1,821 $1,948 $2,011 $2,113 Enterprises Project Cash Flows 24 17 20 29 37 44 56 Gros