Cms Energy Corporation · NYSE:CMS
Cms Energy — Investor Presentation (November 2015)
19 slides from Cms Energy's investor presentation, Nov 30, 2015
Slide 1: CMS Energy Investor Meetings
Exhibit 99.1 Investor NYSE LISTED CMS November Ludington Fourth Ray #1 Cross #2 LDC inCompressor renewable ENERGY Winds largest in Meetings Pumped 30 gas ®Energy –instorage December sales the Station Storage world inPark the1,Great 2015Lakes area
Slide 2: Forward-Looking Statements and Non-GAAP Information
This Securities statements Forward-looking INFORMATION” December STATEMENTS results events The comparable CMS adjusted regulatory Investors of 1 distribution. presentation presentation ENERGY Energy or tobasis. circumstances differ and Exchange 31, items should GAAP provides others 2014 Management m
Slide 3: We Cross the Finish Line Together
We Cross CMS THANK For BETTER your ENERGY YOU support THAN The Finish WE Line FOUND Together IT
Slide 4: Consistent EPS Growth Through Weather and Recession
CMS Looking 7% E Weather Recession We 2003 Cold Warm .aGovernor .PS Adjusted . .work CAGR through winter 2004 ENERGY winter Help Back with (D) EPS 2005 Mild recession, Mild Governor Hurt anyone —(non-GAAP) 2006 CMS summer summer 2007 and Energy adverse (R)Hot inPolar 2008 Commission any summer Consi
Slide 5: 5-Year Plan: Self-Funded Investment Drives Growth
Looking 5-Year -Capital INVESTMENT Rate Note: .Possible 4 .Surcharges O&M Sales No . . drives “block” increase “Real” Plan growth investment cost Ahead without sustainable Upside reductions and equity rate at1/2 -- or SELF-FUNDED rate other increase Simple, ROA below (reliability, Opportunity diluti
Slide 6: Earn Our Customers' Business 24/7
We your CMS THANK for BETTER Earn ENERGY support Our YOU THANCustomers’ WE FOUNDBusiness IT 24/7
Slide 7: O&M Cost Reductions and Savings
O&M Actual (2014 Peer -Consumers Source: Future 2014 Attrition Productivity “Pole Smart Eliminate Mortality Service Net Percent .FAST .- .-.Savings -Average best & 2018 -Top” over START! Meters Cost Cost Upgrades Savings 2015 SNL, $in Tables Waste -(mils) 2016) Hardening Performance -2.7% industry S
Slide 8: Michigan Economic Growth and Announcements
Looking Changes Brembo Produce 254 Auto 24 Food Largest Manufacturing Arauco ü Metal 15 General Petrolem 3rd Plastic Assembly GDP 300 Other plants 40 Total .80 7 .Tax Fair Competitive .15 250 MW .best new drive Growth! Up Policy 25 Labor MW particleboard Motors state MW brake Ahead Announcements job
Slide 9: Leave It Better Than We Found It
We your CMS THANK for BETTER Leave ENERGY support YOU THAN It Better WEThan FOUND We Found IT It
Slide 10: Excellent Performance Improvement
Looking Excellent Improvement Breakthrough Safety Outage Productivity Cleaner Coal Renewables Predictable AND Annual (since T b 136% 253% S&P 70% UTY 3 5 .a10 .otal 25% years .years . leaving 105% 90% 58% REDUCED 95% 56% 34% Shareowner 2012) CAGR Incidents Minutes EPS DPS Generation Back Operations
Slide 11: Long-Term Plan and Upside Opportunities
Looking 7% Recession EPSa Long-Term NEW Replace More Gas PPAs +5% Future Plan Capex O&M Sales New Fair a2003 .----- .Adjusted . .CAGR Infra. Choice opportunities Ops Energy to 2015 Growth Expire Renewables LAW (10)% (bils) +7% Capacity Ahead Recession EPS 2025 Upside IRP $15.5 Law (15)% 1/2 -- (non-
Slide 12: GAAP Reconciliation
GAAP Reconciliation
Slide 13: CMS Energy Earnings Reconciliation (Unaudited)
CMS Earnings 2008 (Unaudited) Reported After-tax Electric Enterprises Corporate Discontinued Adjusted * (a) 12Less $1.25 2009 ENERGY than and Per excluding earnings items: interest 2010 (0.02) $500 gas Share operations CORPORATION utility 2011 thousand 0.09 and per By discontinued 2012 share, share
Slide 14: CMS Consumers 2015 Reclassifications Presentation
CMS Consumers 2015 Reclassifications Presentation Dividends/tax non-GAAP $71 Tax Interest/ Other Capital Securitization Common $— Consolidated GAAP Description aNet 13 Includes change Sharing $1,930 $100 $(235) $83 $23 $74 $— Forecasted ENERGY Working Amount Lease $(83) — $— $475 Other Dividends $(1
Slide 15: CMS 2015 Reclassifications Presentation
CMS 2015 Reclassifications Presentation Consumers Interest Sources Enterprises Overhead Pension Uses New Equity Retirements Common Net Financing non-GAAP Description Cash (5) $ (a) 1495Includes 375 395 (130) (315) 80 (30) 145 —short-term change $—$ $— Issues (a) Forecasted at flow ENERGY Energy $20
Slide 16: Eliminations/Reclassifications/Consolidation of Cash Flows
2015change Eliminations/Reclassifications/Consolidation Arrive Statements $71 CMS Other $136 Consumers Equity $— Consolidated $207 Amount Description Net Cash 15 cash $1,715 $180 $(475) $— Forecasted $130 $1,550 flow at ENERGY Parent Consolidated at Infusions year 150 used provided the (150) from (3
Slide 17: CMS Cash Reconciliation
CMScash Reconciliation 2014 (mils) (unaudited) Consumers Enterprises Gross Other Net 16 2015 ENERGY Energy operating Operating provided 2016 Project Operating ofactivities 2017 Cash Gross by Cash operating Income 2018 Flow Operating Flows including 2019 $1,833 +20 activities Depreciation 2020 Cash 2
Slide 18: Customers and Investors
Customer CUSTOMERS INVESTORS Consumers 1st Electric #3 Gas 2010 Residential O&M Adjusted 2015 (mils) DIG Reliability Donations 2014 Weather Natural Cost Total +6% January .Guidance INVESTOR Phil (517) CMS THANK For BETTER •OUTPERFORMED Year-End .World-class 12 Capex Self-funded Conservative .#2 Quar
Slide 19: Update
CMS Actual 7% +5% Adjusted $0.81 $0.90 $0.96 $1.08 $0.84 $1.21 $1.26 $1.36 $1.45 $1.55 $1.66 $1.77 $1.89 $2.01 Self-funded Upsides $1 +$100 OCF % -CapEx Base Gas Smart New •Upside O&M Electric -5% -2.5% $1.1 2006 Peers Down 2.8% 8.7% $1.0 2014 1% 5% $0.9 a2018 2% CMS Peers 2015 /Update Environmental