Duke Energy Corporation (holding Company) · NYSE:DUK
Duke Energy Corporation (holding Company) — Investor Presentation (September 2023)
18 slides from Duke Energy Corporation (holding Company)'s investor presentation, Sep 1, 2023
Slide 1: Duke Energy Investor Update Fall 2023
Duke Energy Investor Update Fall 2023 // 1
Slide 2: Safe Harbor statement; Regulation G disclosure
Safe Harbor statement This presentation includes forward-looking statements within the meaning of the federal securities laws. Actual results could differ materially from such forward- looking statements. The factors that could cause actual results to differ are discussed herein and in Duke Energy’s
Slide 3: Pure play regulated utility operating in constructive and growing jurisdictions
Pure play regulated utility operating in constructive and growing jurisdictions COMPLETING THE PORTFOLIO TRANSITION TO FULLY REGULATED COMPANY DukeEnergy Duke Energy& NC enacts bi-partisan & Progress Progress Energy Acquired Piedmont comprehensive clean Energy Merge merger 2015 Natural Gas 2016 ener
Slide 4: Top-performer across multiple O&M cost efficiency measures
Top-performer across multiple O&M cost efficiency measures Electric non-generation Electric non-generation Nuclear production expense / O&M / Customer O&M / MWh Nuclear Generation #2 / 19 #3 / 19 #2 / 11 Building on proven cost management track record $300 million cost initiative on track Leveraging
Slide 5: Electric utilities & infrastructure recovery mechanisms
Electric utilities & infrastructure recovery mechanisms RECOVERY MECHANISMS FOR ELECTRIC CAPEX(1) ~90% of electric segment capital investments are eligible for modern recovery mechanisms, mitigating regulatory lag Includes recovery through riders, rate cases with forecasted test years, and multi
Slide 6: Cost-effective clean energy transition drives earnings base growth
Cost-effective clean energy transition drives earnings base growth GROWING $65B 5-YEAR PERCENTAGE OF TOTAL CAPEX CAPITAL PLAN(1)… 2023-2027 $80B - $63B $65B $85B $59B Hydrogen Capable Gas Gen Gas Gen Maintenance ~5% ~2% Coal Maintenance 2021 – 2022 – 2023 – 2028 – ~2% 2025 2026 2027 2032 Gas LDC ~21
Slide 7: Road to Net-Zero
Road to Net-Zero Where we’ve been Where we’re going (2005 – 2021) (2022 & beyond) 2030 On track to exceed 50% Scope 1 2035 reduction target(1) Interim target 50% Scope 2 & 3 reduction(2) 2040 Interim target 7,500 MW 80% Scope 1 coal retired reduction(1) 2050 6,000 MW regulated Net-zero renewables(3)
Slide 8: Committed to maintaining current credit ratings
Committed to maintaining current credit ratings KEY MESSAGES DEFERRED FUEL BALANCE ($ in billions) DE Midwest Fuel recoveries on track – filed for all uncollected $3.9 DE Progress $3.5 2022 costs. Continue to expect FFO / Debt $3.2 DE Carolinas improvement as amounts are recovered DE Florida $2.2
Slide 9: Active August – de-risking the plan and executing regulatory strategy
Active August – de-risking the plan and executing regulatory strategy Aug 15: Filed updated Carolinas Resource plan in South Carolina Aug 17: Filed updated Carolinas Resource plan in North Carolina Aug 18: Constructive order in DEP-NC rate case Aug 22: Partial Settlement Agreement on rate ba
Slide 10: Our investor value proposition
Our investor value proposition A STRONG LONG-TERM RETURN PROPOSITION 4.6% ~10% 5 -7% DIVIDEND YIELD(1) ATTRACTIVE zzz LONG-TERM WITH LONG-TERM RISK-ADJUSTED EPS GROWTH(4) DIVIDEND GROWTH TOTAL SHAREHOLDER THROUGH 2027 COMMITMENT(2) RETURN(3) CONSTRUCTIVE, GROWING JURISDICTIONS, LOWER-RISK REGULATED
Slide 11: Appendix
APPENDIX // 11
Slide 12: Constructive order in DEP NC rate case
Constructive order in DEP NC rate case KEY ASPECTS OF THE ORDER INCLUDE 9.8% ROE, capital structure of 53% equity / 47% debt Increase from current 9.6% ROE and 52% equity component of the capital structure Approved partial settlements with the Public Staff and other parties, including: Rate
Slide 13: Partial settlements with Public Staff in DEC NC rate case
Partial settlements with Public Staff in DEC NC rate case KEY ASPECTS OF THE PARTIAL SETTLEMENTS INCLUDE Rate base of $19.5 billion(1) for the historic base case MYRP capital projects, including $4.6 billion(1) projected to go into service over 3-year MYRP Future treatment of Nuclear PTCs thro
Slide 14: Advancing Carolinas energy transition
Advancing Carolinas energy transition CAROLINAS RESOURCE PLAN FILED IN NEAR-TERM ACTION PLAN NORTH CAROLINA AND SOUTH CAROLINA HIGHLIGHTS THE WEEK OF AUGUST 15, 2023 Single, unified integrated resource plan filed with both North 6,000 MW of new solar in- Carolina and South Carolina to meet unpre
Slide 15: Safe harbor statement
Safe harbor statement This document includes 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. Forward-looking statements are based on management’s beliefs and assumptions and can often be identified by
Slide 16: Headline goes here
HEADLINE GOES HERE For additional information on Duke Energy, please visit: duke-energy.com/investors // 16 DUKE ENERGY INVESTOR UPDATE - FALL 2023 // 16
Slide 17: Duke Energy Corporation Non-GAAP Reconciliations
Duke Energy Corporation Non-GAAP Reconciliations Investor Update September 2023 Adjusted Earnings per Share (EPS) The materials for Duke Energy Corporation’s (Duke Energy) Investor Update in September 2023, include a discussion of adjusted EPS. The non-GAAP financial measure, adjusted EPS, represent
Slide 18: at this time, as management is unable to project all special items, as discussed
at this time, as management is unable to project all special items, as discussed above under Adjusted EPS Guidance.