Centerpoint Energy, Inc (holding Co) · NYSE:CNP
Centerpoint Energy, Inc (holding Co) — Q1 2025 Earnings Presentation
23 slides from Centerpoint Energy, Inc (holding Co)'s earnings presentation, Apr 24, 2025
Slide 1: First Quarter 2025 Investor Update
FIRST QUARTER 2025 INVESTOR UPDATE
Slide 2: Forward-looking statements
2 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 thi
Slide 3: Q1 Update
3 Consistent, Sustainable Growth for Our Investors Positively Impacting our Communities Resilient, Reliable, & Affordable Energy for Customers Targeting top quartile non-GAAP EPS annual growth of 8% in 2025 and dividend per share growth in line with non-GAAP EPS earnings of $1.74 - $1.76 Long-Term S
Slide 4: Rate case updates by jurisdiction
4 OH Gas (Docket 24-0832-GA-AIR ) TX Gas (Docket 15513) MN Gas (Docket 23-173) Houston Electric (Docket 56211) IN Electric (Docket 45990) 10/29/2024 Final Order Issued Key Details Below All-Party Settlement Key Details Below Final Order Issued Key Details Below Final Order Issued Key Details Below D
Slide 5: Greater Houston Resiliency Initiative Phase I and II progress
Phase I and II TargetsPhase I and II as of March 31, 2025GHRI Phase I and II 26,000 Poles 18,666 PolesInstalling poles that can withstand extreme winds 4,300 Devices 3,226 DevicesInstalling automated reliability devices to reduce outages 350 IGSDs 209 IGSDsInstalling Intelligent Grid Switching Devic
Slide 6: Q1 2025 vs Q1 2024 Non-GAAP EPS
6 Q1 2024 Non-GAAP EPS Q1 2025 Non-GAAP EPS $0.50 Growth and Rate Recovery Ongoing Cost Management & Interest ExpenseWeather / Usage Other $0.05 $(0.06) $(0.04) $0.55 $0.03 $0.53 Electric $0.01 Growth Gas $0.02 Rate Recovery Interest Expense $0.04 O&M $0.02 Other $0.04 Other ($0.06) 1) Ref
Slide 7: 2025 Earnings Profile
7 2025 Earnings Profile Timing of recovery of Texas investments post rate cases will result in a different earnings profile than typical years 50% - 60% 40% - 50% 40% - 50% 50% - 60% Non-Rate Case Profile 2025E Typical Earnings Profile vs. 2025E Profile 2H Earnings % 1H Earnings % Note: Refer to sli
Slide 8: Capital Expenditure Plan
’21 – ‘30‘21 – ‘25FY1QFY PlanPlan2025E(3)20252024 ~$33.0B~$13.7B~$3.3B~$1.0B~$2.2BElectric(2) ~$15.3B~$7.5B~$1.5B~$0.3B~$1.5BNatural Gas ~$0.2B~$0.1B~$31MM~$12MM~$36MMCorporate and Other ~$48.5B~$21.3B~$4.8B~$1.3B~$3.8BTotal Capital(4) Expenditures 8 Current 5-Yr Plan(1) 10-YR Plan Continued Increme
Slide 9: Credit ratings, FFO to Debt and maturities
9 Fitch (Neg) S&P (Neg) Moody’s (Neg)Entity BBBBBBBaa2CenterPoint Energy, Inc. AAA2Houston Electric A-BBB+A3CERC -AA1SIGECO Company Debt Ratings(3) Consolidated FFO To Debt(1)(2) 1Q 2025 TTM2024 Full Year 9.7%9.7%Moody’s 13.9%13.6%Adjusted for 1-time items – Moody’s methodology(2) 11.8%12.0%S&P 12.8
Slide 10: Contacts
10 Contacts Jackie Richert Senior Vice President Corporate Planning, Investor Relations and Treasury Tel. (713) 207 – 9380 jackie.richert@centerpointenergy.com Ben Vallejo Director Investor Relations and Corporate Planning Tel. (713) 207 – 5461 ben.vallejo@centerpointenergy.com General Contact Tel.
Slide 11: Appendix
e CenterPoint. Energy Appendix
Slide 12: Diverse Houston Electric Load Growth Drivers
~68GW Logistics & Transport • Large and medium duty vehicle fleet conversion • Port of Houston Electrification Commercial • Continued expansion of Texas Medical Center • Data Centers Current Peak Load ~21GW 2024 2031E ~31GW Energy Refining and Energy Exports • Continued expansion and electrification
Slide 13: System Resiliency Plan
Expected to strengthen overall resiliency by 30% Expected reductions in outages by 1.3B minutes into 2029 Expected savings of ~$50MM per year in storm-related costs Expected avoidance of 500K+ outages during a Beryl-like storm ~$5.5B(1) Resiliency Capital Investments of From 2026 through 202
Slide 14: Regulatory highlights and stakeholder benefits
14 Stakeholder BenefitsRegulatory Highlights Reasonable cost recovery minimizes customer impact and earnings volatility Existing Mechanisms for timely recovery of major storm costs Reasonable cost recovery minimizes customer impact and earnings volatility Winter storm gas cost almost fully recovered
Slide 15: Electric and Natural Gas throughput, customers and weather
15 aaaaaaaaa Electric Natural Gas 2025 vs 20241Q 20241Q 2025 11%5,9636,643Residential Th ro ug hp ut (in G W h) 7%23,06324,749Total 2%2,604,0262,651,381Residential M et er ed C us to m er s (1 ) 2%2,932,702 2,983,906 Total 42%168238Cooling Degree Days W ea th er v s N or m al (2 ) 14%695793Heating D
Slide 16: Regulatory Schedule and rate base
16 DecNovOctSepAugJulJunMayAprMarFebJan TX (E) IN (E) TX (G) MN (G) N. IN (G) OH (G) S. IN (G) ’25 Rate Base(3)ROE / Equity Ratio $15.4B9.65% / 43.25% $2.6B9.8% / 48.3%(1) $3.1B9.8% / 60.6% $2.4BN/A / N/A(2) $2.3B9.80% / 46.8%(1) $1.5BN/A / 51.1% $0.7B9.70% / 46.2%(1) $28.0BTotal = Upcoming Regulato
Slide 17: Planned Generation Project Timeline
17 aaaaaaaaa Note: Refer to slide 2 for information on forward-looking statements Planned Generation Project Timeline
Slide 18: Q1 2025 GAAP to non-GAAP EPS reconciliation
18 aaaaaaaaa Quarter Ended March 31, 2025 Diluted EPS(1) Dollars in millions $ 0.45$ 297Consolidated net income (loss) and diluted EPS on a GAAP basis ZENS-related mark-to-market (gains) losses: (0.10)(63)Equity securities (net of taxes of $17)(2)(3) 0.1062Indexed debt securities (net of taxes of $1
Slide 19: 2024 quarterly non-GAAP reconciliation
19 aaaaaaaaa Year-to-DateQuarter EndedQuarter EndedQuarter EndedQuarter Ended December 31, 2024December 31, 2024September 30, 2024June 30, 2024March 31, 2024 Diluted EPS(1) Dollars in millions Diluted EPS(1) Dollars in millions Diluted EPS(1) Dollars in millions Diluted EPS(1) Dollars in millions Di
Slide 20: Moody's FFO/Debt reconciliation
20 aaaaaaaaa 1Q 2025YE 2024Twelve month to date ended and as of period ended, respectively ($ in millions) $2,011$2,139Net cash provided by operating activities (A) Add back: 28184Accounts receivable and unbilled revenues, net (59)(42)Inventory (123)27Taxes receivable (64)(210)Accounts payable (156)
Slide 21: S&P FFO/Debt reconciliation
21 1Q 2025YE 2024Twelve month to date ended and as of period ended, respectively ($ in millions) Unadjusted EBITDA 7,0066,925Gross Margin (2,987)(2,949)O&M (557)(547)Taxes and Other 3,4623,429Unadjusted EBITDA 867805Less: Cash interest paid -(9)Less: Cash taxes paid (163)(161)Plus: Rating agency adj
Slide 22: Regulatory Information location guide
22 aaaaaaaaa LocationInformation Regulatory Information – Electric Electric Estimated 2024 year-end rate base by jurisdiction Authorized ROE and capital structure by jurisdiction Definition of regulatory mechanisms Projected regulatory filing schedule Regulatory Information – Gas Natural Gas
Slide 23: Additional Information: Use of Non-GAAP Financial Measures
23 Additional Information Use of Non-GAAP Financial Measures In this presentation and the oral statements made in connection herewith, CenterPoint Energy presents, based on net income (loss), diluted earnings (loss) per share, and net cash provided by operating activities to total debt, net, and gro