Evergy, Inc. · NASDAQ:EVRG
Evergy — Monarch Energy Holding — Q2 2017 Earnings Presentation
20 slides from Evergy's earnings presentation, Aug 10, 2017
Slide 1: Second Quarter 2017 Business and Financial Update
SECOND QUARTER 2017 BUSINESS AND FINANCIAL UPDATE August 10, 2017 Presented by: Terry Bassham Chairman, President and CEO Kevin Bryant SVP Finance and Strategy and CFO Filed by: Great Plains Energy Incorporated pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 1
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS Statements made in this presentation that are not based on historical facts are forward-looking, may involve risks and uncertainties, and are intended to be as of the date when made. Forward-looking statements include, but are not limited to, statements relating to the ant
Slide 3: Adjusted EPS Non-GAAP Financial Measures
ADJUSTED EPS NON-GAAP FINANCIAL MEASURES In addition to earnings available for common shareholders, Great Plains Energy's management uses adjusted earnings (non-GAAP) and adjusted earnings per share (non-GAAP) to evaluate earnings and earnings per share without the impact of the anticipated merger w
Slide 4: Topics for Discussion
BUSINESS UPDATE Great Plains Energy and Westar Merger Update Legislative and Regulatory Priorities Update on Strategic Plan FINANCIAL UPDATE Second Quarter and Year to Date 2017 Results SECOND QUARTER 2017 EARNINGS PRESENTATION TOPICS FOR DISCUSSION
Slide 5: Business Update
BUSINESS UPDATE Terry Bassham Chairman, President and CEO SECOND QUARTER 2017 EARNINGS PRESENTATION
Slide 6: Approvals and Timing
Approvals and TIMING Stakeholder filing timing APPROVAL ANTICIPATED Great Plains Energy and Westar Energy shareholders 3Q17 4Q17 KCC Late August 2017 1Q18 – 2Q18 MPSC Late August 2017 1Q18 – 2Q18 FERC Late August 2017 4Q17 – 1Q18 NRC Late August 2017 4Q17 – 1Q18 U.S. DOJ/FTC (Hart-Scott-Rodino) 3Q17
Slide 7: Our Regulatory Priorities
OUR REGULATORY PRIORITIES Sharp focus on capital allocation and investing in our utilities in a manner consistent with existing regulatory frameworks Will continue to work towards comprehensive regulatory reform in Missouri Will continue with planned rate applications in all jurisdictions late 2017
Slide 8: Our Strategic Priorities
OUR STRATEGIC PRIORITIES CREATING A LEADING MIDWEST ELECTRIC UTILITY BEST-IN-CLASS OPERATIONS IN A GROWING SERVICE TERRITORY Disciplined execution to deliver reliable and low cost power Focused on earning our allowed return by actively managing regulatory lag Proactive economic development Transitio
Slide 9: Financial Update
FINANCIAL UPDATE Kevin Bryant SVP Finance and Strategy and CFO SECOND QUARTER 2017 EARNINGS PRESENTATION
Slide 10: Adjusted EPS (Non-GAAP) Second Quarter and Year to Date Results
ADJUSTED EPS (NON-GAAP)1 2 2 SECOND QUARTER AND YEAR TO DATE RESULTS 2017 vs 2016 2Q YTD2 Weather $(0.09) $(0.10) Weather-normalized demand 0.05 0.07 MEEIA throughput disincentive (0.03) (0.04) Depreciation & Amortization (0.04) (0.06) Other (0.01) (0.03) Total $(0.12) $(0.16) ADJUSTED EPS (NON-GAAP
Slide 11: Serving a Growing Region
SERVING A GROWING REGION Economic climate in the Kansas City region remains favorable +11% Improving residential real estate and jobs market leading to continued customer growth Kansas City region continues to grow its presence as a hub for e-commerce and logistics given its central geographic locat
Slide 12: Second Quarter 2017
SECOND quarter 2017 earnings presentation SECOND QUARTER 2017 EARNINGS PRESENTATION
Slide 13: Appendix
appendix SECOND QUARTER 2017 EARNINGS PRESENTATION
Slide 14: Reconciliation of Earnings and EPS to Adjusted Earnings and EPS
RECONCILIATION OF EARNINGS AND EARNINGS PER SHARE TO ADJUSTED EARNINGS AND EARNINGS PER SHARE (NON-GAAP) GREAT PLAINS ENERGY (UNAUDITED) SECOND QUARTER 2017 EARNINGS PRESENTATION
Slide 15: Reconciliation of Earnings and EPS to Adjusted Earnings and EPS
RECONCILIATION OF EARNINGS AND EARNINGS PER SHARE TO ADJUSTED EARNINGS AND EARNINGS PER SHARE (NON-GAAP) GREAT PLAINS ENERGY (UNAUDITED) SECOND QUARTER 2017 EARNINGS PRESENTATION
Slide 16: Weather-Normalized Demand Trends
12-MONTHS ENDED JUNE 30, 2017 WEATHER-NORMALIZED DEMAND TRENDS For the 12-months ended June 30, 2017: Customer growth of 1.2% Weather-normalized sales net of estimated 0.7% impact from our energy efficiency programs WEATHER-NORMALIZED RETAIL SALES GROWTH SECOND QUARTER 2017 EARNINGS PRESENTATION
Slide 17: Acquisition Financing Unwind Leads to Strengthened Credit Profile
ACQUISITION FINANCING UNWIND LEADS TO STRENGTHENED CREDIT PROFILE Initiated unwind of acquisition financing following MOE announcement, with an anticipated cost of approximately $140 million Redemption of acquisition debt results in improved credit quality: Moody’s upgraded GPE to Baa2 from Baa3 wit
Slide 18: Debt Profile and Credit Ratings
DEBT PROFILE AND CREDIT RATINGS GREAT PLAINS ENERGY DEBT AT JUNE 30, 2017 LONG-TERM DEBT MATURITIES6 CURRENT CREDIT RATINGS SECOND QUARTER 2017 EARNINGS PRESENTATION Debt ($ in millions) KCP&L GMO1 GPE Consolidated Amount Rate2 Amount Rate2 Amount Rate2 Amount Rate2 Short-term debt $281.8 1.59% $315
Slide 19: Additional Information
ADDITIONAL INFORMATION Additional Information and Where to Find It This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any proxy, vote or approval, nor shall there be any sale of securities in any jurisdiction in which su
Slide 20: Investor Relations Information
Lori Wright Vice President – Corporate Planning, Investor Relations and Treasurer (816) 556-2506 lori.wright@kcpl.com Calvin Girard Senior Manager, Investor Relations (816) 654-1777 calvin.girard@kcpl.com NYSE: Great plains energy (GXP) INVESTOR RELATIONS INFORMATION SECOND QUARTER 2017 EARNINGS PRE
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