Public Service Enterprise Group Incorporated · NYSE:PEG
Public Service Enterprise — Investor Presentation (January 2016)
11 slides from Public Service Enterprise's investor presentation, Jan 7, 2016
Slide 1: Forward-Looking Statement
EXHIBIT 99 Forward-Looking Statement 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 “f
Slide 2: GAAP Disclaimer
GAAP Disclaimer PSEG presents Operating Earnings and Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) in addition to its Income from Continuing Operations/Net Income reported in accordance with accounting principles generally accepted in the United States (GAAP). Oper
Slide 3: Delivering on commitments and realizing growth
Delivering on commitments and realizing growth th PSE&G:Mid-AtlanticReliabilityAward(14 consecutiveyear),top ranked amongeastern electric and gas utilities inbusinesscustomer satisfaction Operational PSEGPower: Recordoutput from combinedcycleunits Excellence PSEG Long Island:Demonstrated management
Slide 4: Operating Earnings
Operating Earnings Disciplined investment program and focus on operational excellence have supported growth Operating Earnings* Contribution by Subsidiary Power’sdiversefuel mix and dispatch flexibility continue to ** generate strong earnings and free cash flow in low price environment ** PSE&G’s in
Slide 5: PSE&G's 2015 operating earnings expected to benefit from increased investment in Transmission
PSE&G’s 2015 operating earnings expected to benefit from increased investment in Transmission PSE&G Operating Earnings* ($ Millions) $785 – $805E** $725 $612 2013 2014 2015 Guidance *SEE SLIDE A FOR ITEMS EXCLUDED FROM NET INCOME TO RECONCILE TO OPERATING EARNINGS. E =ESTIMATE. **UPDATED GUIDANCE ON
Slide 6: Power's 2015 operating earnings maintain solid performance
Power’s 2015 operating earnings maintain solid performance Power Operating Earnings* ($ Millions) $710 $642 $620 – $650E** 2015 Observations • Increase in average hedge price for energy helps mitigate reset in capacity price and volume 2013 2014 2015 Guidance *SEE SLIDE A FOR ITEMS EXCLUDED FROM NET
Slide 7: PSEG 2015 Updated Guidance for Operating Income by Subsidiary
PSEG 2015 Updated Guidance for Operating Income – by Subsidiary, and PSEG Power Adjusted EBITDA Anticipates Another Year of Growth in Operating Earnings $ millions (except EPS) 2015E 2014 PSE&G $785 - $805 $725 PSEG Power $620 - $650 $642 PSEG Enterprise/Other $40 - $45 $33 Operating Earnings* $1,44
Slide 8: PSEG Summary
PSEG Summary • Continued third year of anticipated positive earnings trend in 2015 with updated operating earnings guidance of $2.85 to $2.95 per share • Continued5 th straight yearof expecteddouble digit, 5-yeargrowthin rate base • Anticipated high single digit earnings growth at PSE&G on a three-y
Slide 9: PSEG Power's Adjusted EBITDA Q3 YTD and Full-Year 2015 Guidance
PSEG Power’s Adjusted EBITDA Q3 – 2015, YTD and Full-Year 2015 Guidance PSEG Power - Adjusted EBITDA* ThreeMonths Ended Nine Months (YTD) Full-Year 2015 September 30, Ended September 30, Guidance ($ in millions) 2015 2014 2015 2014 Low High Operating Earnings** $170 $171 $558 $551 $620 $650 Add: Fos
Slide 10: Items Excluded from Income from Continuing Operations/Net Income to Reconcile to Operating Earnings
Items Excluded from Income from Continuing Operations/Net Income to Reconcile to Operating Earnings PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED For the Year Ended Reconciling Items, net of tax December 31, 2014 2013 2012 2011 2010 2009 Earnings Impact ($ Millions) (Unaudited) Operating Earnings $ 1
Slide 11: Items Excluded from Net Income to Reconcile to Operating Earnings and Adjusted EBITDA
Items Excluded from Net Income to Reconcile to Operating Earnings and Adjusted EBITDA PLEASE SEE PAGE 3 FOR AN EXPLANATION OF PSEG’S USE OF OPERATING EARNINGS AS A NON-GAAP FINANCIAL MEASURE AND HOW IT DIFFERS FROM NET INCOME. C
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