Eversource Energy (d/b/a) · NYSE:ES

Eversource Energy (d/b/a) — Eversource Energy — Siebert Williams Shank Utilities Conference 2022

21 slides from Eversource Energy (d/b/a)'s conference presentation, Mar 17, 2022

  1. Slide 1: Siebert Williams Shank Utilities Conference

    EVERSOURCE ENERGY Siebert Williams Shank Utilities Conference March 17, 2022

  2. Slide 2: Safe Harbor Statement

    EVERSOURCE ENERGY Safe Harbor Statement All per-share amounts in this presentation are reported on a diluted basis. The only common equity securities that are publicly traded are common shares of Eversource Energy. The earnings and EPS of each business do not represent a direct legal interest in the

  3. Slide 3: A Look Back at The Year

    EVERSOURCE ENERGY A Look Back at The Year Operations  Provided safe, reliable electric, natural gas and water service through continuing pandemic and active storm year  Completed our $3.5 billion core business construction program to enhance reliability, resilience, and customer service Regulatory

  4. Slide 4: Total Shareholder Return Has Outperformed the Industry Over the Medium and Longer Term

    EVERSOURCE ENERGY Eversource’s Total Shareholder Return Has Outperformed the Industry Over the Medium and Longer Term Total Shareholder Return 2021 3-Year 5-Year 10-Year Eversource 8.2% 52.0% 90.8% 245.2% EEI 39-Company Index 17.1% 45.6% 68.6% 183.0% S&P 500 28.7% 100.4% 133.4% 362.6% Ranking in EEI

  5. Slide 5: Dividend Growth Continues to Outperform Peers

    EVERSOURCE ENERGY Dividend Growth Continues to Outperform Peers Annualized Dividend $3.00 $2.55 $2.50 $2.41 $2.27 $2.14 $2.02 5% - 7% $2.00 +$0.14 $1.50 +$0.14 +$0.13 $1.00 +$0.12 $0.50 +$0.12 $0.00 2018 2019 2020 2021 2022 Payout 62%* 62%* 62%* 62% Ratios: *Reflects non-GAAP results, excludes nonre

  6. Slide 6: Well Performing Core Businesses Drive EPS CAGR to Upper Half of 5-7% Through 2026

    EVERSOURCE ENERGY Well Performing Core Businesses Drive EPS CAGR to Upper Half of 5 – 7% Through 2026 $4.00- $4.17 $3.11 $3.25 $3.45 $3.64 $3.86 $2.53 $2.65 $2.81 $2.96 $2.28 2012A* 2013A* 2014A* 2015A* 2016A 2017A 2018A 2019A* 2020A* 2021A* 2022E* 2023E 2024E 2025E 2026E * Reflects non-GAAP results

  7. Slide 7: Projected Capital Expenditures For Core Businesses

    EVERSOURCE ENERGY Projected Capital Expenditures For Core Businesses $18.1 Billion 2022-2026 $4,500 $4,000 $3,897 $3,684 $3,562 $3,541 $254 $3,494 $3,504 $3,500 $154 $224 $239 $163 $208 $203 $214 $3,053 $3,064 $144 $176 $190 $206 $3,000 $239 $921 $239 $849 $110 $127 $ In Millions $799 $926 $895 $938

  8. Slide 8: Rate Base by Core Line of Business – Current and Future

    EVERSOURCE ENERGY Rate Base by Core Line of Business – Current and Future $33.8 billion* 4% 22% Note: Excludes offshore wind $22.4 billion* 4% investments 16% 41% 44% 33% 36% 2020 Year-End Rate Base Projected 2026 Year- End Rate Base Transmission Electric Distribution Natural Gas Distribution Water

  9. Slide 9: Key Elements Inside and Outside Our New $18.1B Capital Investment Forecast

    EVERSOURCE ENERGY Key Elements Inside and Outside Our New $18.1B Core Business Capital Investment Forecast Included in Forecast Not Included  Execution of updated capital  AMI in MA or CT investment forecast  Grid Modernization or  Increased investment in Boston significant electric vehicle area

  10. Slide 10: Status Report – Grid Modernization and Advanced Metering Infrastructure

    EVERSOURCE ENERGY Status Report – Grid Modernization and Advanced Metering Infrastructure Massachusetts Grid Modernization Plan (In Cap-Ex Forecast)  Five-Year Plan - capital investment of nearly $400 million for 2022-2026 Connecticut  Includes investments in EV infrastructure, as well as Advanced

  11. Slide 11: Status of State and Federal Regulatory Reviews

    EVERSOURCE ENERGY Status of State and Federal Regulatory Reviews Electric Transmission (Federal Energy Regulatory Commission) 41% of 2021 earnings  Pending FERC decision on New England transmission ROEs dating back to 2011 in 4 open cases – Earnings currently reflect base ROE of 10.57% with a maxim

  12. Slide 12: Key Elements of NSTAR Electric Rate Review

    EVERSOURCE ENERGY Key Elements of NSTAR Electric Rate Review Key Revenue Requirement Factors Test Year (12 Months Ended) December 31, 2020 Filing Date: January 14, 2022 Revenue Deficiency $89M Decision Date: Average Bill Impact (residential customer) 5.7% December 1, 2022 2021 Rate Base Roll-In 1/1/

  13. Slide 13: Our First Joint Project South Fork Wind Now in Construction

    EVERSOURCE ENERGY Our First Joint Project South Fork Wind Now in Construction  New York’s first offshore wind farm – Consisting of 12 wind turbines  Received final approval in January 2022 from the U.S. Department of Interior to start construction  Land-based construction commenced on Long Island

  14. Slide 14: Revolution Wind and Sunrise Wind Now Well Into Siting Process

    EVERSOURCE ENERGY Revolution Wind and Sunrise Wind Now Well Into Siting Process South Fork Wind Revolution Wind Sunrise Wind Size 130 MW 704 MW 924 MW Filed September 2020; Review Filed March 2020; review schedule was schedule received August 31, 2021 as Construction Operation Plan Final siting appr

  15. Slide 15: Onshoring of Domestic Supply Chain Accelerating

    EVERSOURCE ENERGY Onshoring of Domestic Supply Chain Accelerating Provider Equipment / Service U.S. Project Procured Manufacturing/Assembly Location American Offshore Services Crew transfer vessels Rhode Island All projects and WindServe Marine Wind turbine installation Dominion Energy Texas Revolut

  16. Slide 16: Progress on Connecticut State Pier, New London

    EVERSOURCE ENERGY Progress on Connecticut State Pier, New London New London ● 60-65 miles to nearest turbines Eversource & Ørsted Area Work is underway to transform Connecticut State Pier (New London) into a heavy lift, deep water port 15

  17. Slide 17: Industry Leading Carbon Neutrality Goal Helps the Region Meet Its Targets

    EVERSOURCE ENERGY Industry Leading Carbon Neutrality Goal Helps the Region Meet Its Targets Eversource Targets Regional Targets Carbon Neutral By 2030 80+% GHG Reductions By 2050  Reducing electric line loss  Offshore wind development  Lowering methane emissions from  Utility-owned solar gas dis

  18. Slide 18: Gas Operations Launches Pilot Geothermal Project

    EVERSOURCE ENERGY Gas Operations Launches Pilot Geothermal Project  Innovative way to provide clean and sustainable heating and cooling for customers via a geothermal network for residential and commercial customers  Explore if geothermal network can be used instead of, or in combination with, tra

  19. Slide 19: Eversource's Progress Toward Carbon Neutrality

    EVERSOURCE ENERGY Eversource’s Progress Toward Carbon Neutrality 900,000 828,107 -17%  Eversource emissions have greatly 800,000 declined through divestiture of fossil 707,015 685,331 fuel generation over the past several 700,000 decades 600,000  We have seen a 17% decline in Scope MT CO2e 500,000

  20. Slide 20: Most Effective Method of Reducing Emissions: Improve Energy Efficiency

    EVERSOURCE ENERGY Most Effective Method of Reducing Emissions: Improve Energy Efficiency 16 3 18 2 7 4 Eversource MA, #1 Most Energy Efficient Utility in the United States According to ACEEE, in their second edition of the Utility Energy Efficiency Scorecard Retail Customer Count Up 3.2% Since 2015,

  21. Slide 21: A Value Proposition That Delivers Results for Investors

    EVERSOURCE ENERGY A Value Proposition That Delivers Results for Investors Keys to Our Success: Results Delivered: Nine-year average recurring EPS and dividend growth of 6% and 6.9%, respectively, through 2021. 1. Exceed industry EPS and dividend Growth driven by robust regulated Cap Ex program growt

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