Firstenergy Corp. · NYSE:FE
Firstenergy — Investor Presentation (May 2019)
17 slides from Firstenergy's investor presentation, May 2019
Slide 1: Investor Meetings
Investor Meetings FirstEnergy,
Slide 2: FE's Value Proposition
FE’s Value Proposition Ticker: FE A premier customer-focused, pure-play regulated utility Driving sustainable, long-term regulated Improving balance sheet with investment-grade earnings growth and a competitive dividend credit ratings 10 distribution utilities, Proven track record of 6M customers, 6
Slide 3: We are a forward-thinking electric utility
We are a forward-thinking electric utility powered by a diverse team of employees committed to making customers’ lives brighter, the environment better and our communities stronger $40 B 6 M 25 K Total Customers in Transmission Total Assets Six States Miles 65 K $20 B 12 K Square Miles of Rate Base
Slide 4: 2018-2021 Operating EPS CAGR
2018-2021 Operating EPS CAGR 6% - 8% operating EPS CAGR target 6% - 8% Growth (excludes Ohio DMR) $2.15 + T&D growth opportunities + Organic utility growth + FE Tomorrow initiatives Original 2018 – Depreciation and general taxes 2021F Guidance Midpoint Load growth (excluding Ohio DMR) – Residential
Slide 5: Financing Plan (2019-2021)
Financing Plan (2019-2021) Committed to maintaining investment-grade credit ratings FE CORP REGULATED DISTRIBUTION Year Entity Amount Purpose Year Entity Amount Purpose FE Corp Up to $628M New notes to FES creditors ME $500M $300M at 7.70% maturing 1/15/19 2019F FE Corp Up to $1.25B $1.25B Term Lo
Slide 6: Capital Expenditures Forecast Summary
Capital Expenditures Forecast Summary $11B – $12B in capital investments 2018-2021 ~55% based on formula rates Annually 2018A 2019F – 2021F FE Consolidated Total $3.0B $2.8B - $3.0B ($M) 2018A 2019F 2020F 2021F Regulated Distribution (~40% formula rates) $1,635 $1,600-$1,700 $1,500-$1,700 $1,500-$1,
Slide 7: Dividend Policy
Dividend Policy ■ On November 9, 2018, The Board of Directors approved a dividend policy ■ Effective beginning with the March 1, 2019 dividend: – A $0.02 per share increase; quarterly dividend will be $0.38 per share or $1.52 annualized per share in 2019 (1) $0.38 +6% 55-65% per share Resuming divid
Slide 8: Corporate Responsibility
Corporate Responsibility 8 May 2019 Investor Meetings
Slide 9: Corporate Responsibility
CORPORATE RESPONSIBILITY A FORWARD-THINKING ELECTRIC UTILITY Committed to making our customers’ lives brighter, the environment better and our communities stronger. Seek to inform and engage our stakeholders, while at the same time setting and achieving goals. Led by a dedicated team, along with Exe
Slide 10: Corporate Responsibility Strategy
Corporate Responsibility Strategy We are a forward-thinking electric utility powered by a diverse team of employees committed to making customers’ lives brighter, the environment better and our communities stronger Build a sustainable business with… Social and Environmental Employees Customers Envir
Slide 11: Corporate Responsibility – Facts at a Glance
Corporate Responsibility – Facts at a Glance Environmental Social Governance Achieved 62%* reduction in CO2 Systemwide OSHA incident rate of Published a Climate Report, emissions since 2005 0.80 which was below EEI industry including a 2 degree scenario Generation fleet carbon emission avera
Slide 12: Climate Risk Report
Climate Risk Report Fully Regulated ■ Transmission – Energizing the Future program – Upgrading and modernizing our transmission system to build a smarter, stronger and more Utility secure power grid for the future ■ Distribution – Investing in projects that create a more resilient, flexible distribu
Slide 13: 2019 Corporate Responsibility Internal Initiatives
2019 Corporate Responsibility Internal Initiatives COMMUNITY EMPLOYEE EMPLOYEE VOLUNTEER PROGRAM TRANSFORMATION TALK WHAT: A program that provides non-bargaining non-physical WHAT: A short, powerful talk, 15 minutes or less, similar in concept employees with 16 hours to volunteer in the community to
Slide 14: 2019 Corporate Responsibility Report
2019 Corporate Responsibility Report • Publish a comprehensive Corporate Responsibility Report and website that What will contain tangible examples, and metrics of the ways in which we are living our mission • Keep our internal and external stakeholders informed about key issues and activities relat
Slide 15: Investor Relations Contact Info
Investor Relations Contact Info Irene M. Prezelj, Vice President Gina E. Caskey, Senior Advisor Jake M. Mackin, Consultant prezelji@firstenergycorp.com caskeyg@firstenergycorp.com mackinj@firstenergycorp.com 330.384.3859 330.761.4185 330.384.4829 For our e-mail distribution list, please contact: Sha
Slide 16: Forward-Looking Statements
Forward-Looking Statements This presentation includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 based on information currently available to management. Unless the context requires otherwise, as used herein, references to “we,” “us,” “our,”
Slide 17: Non-GAAP Financial Matters
Non-GAAP Financial Matters This presentation contains references to non-GAAP financial measures including, among others, Operating earnings (loss), Operating earnings (loss) per share, Operating earnings (loss) per share by segment, Adjusted Equity, Adjusted Debt, Adjusted Capitalization, Funds from