Great Plains Energy Incorporated

Great Plains Energy — Merger or Acquisition (October 2017)

9 slides from Great Plains Energy's merger presentation, Oct 31, 2017

  1. Slide 1: Westar Energy Investor Update – October 31, 2017

    Westar Energy Investor Update – October 31, 2017 Exhibit 99.4 Filed by: Westar Energy, Inc. pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14a-12 under the Securities Exchange Act of 1934 Subject Company: Westar Energy, Inc. Commission File Number: 001-03523

  2. Slide 2: Forward-Looking Disclosures

    Forward-Looking Disclosures OCTOBER 31, 2017 INVESTOR UPDATE 2 Forward Looking Statements Certain matters discussed in this presentation are “forward-looking statements.” The Private Securities Litigation Reform Act of 1995 has established that these statements qualify for safe harbors from liabilit

  3. Slide 3: Recent Announcements & Focus

    Recent Announcements & Focus  Merger with Great Plains Energy  100% stock-for-stock, tax-free exchange  Westar: exchange 1 WR share for 1 share of new company stock  Great Plains: exchange 1 GXP share for .5981 shares of new company stock  Targeted EPS CAGR at 6-8% (off WR’s ’16 EPS of $2.43) 

  4. Slide 4: Update

    Merger Update 4 OCTOBER 31, 2017 INVESTOR UPDATE

  5. Slide 5: Value

    Merger Value 5 OCTOBER 31, 2017 INVESTOR UPDATE  Expected stronger EPS growth  New company EPS CAGR of 6-8%1 vs WR stand-alone EPS CAGR of 4-6%2  Merger savings – Improve “slope” of EPS growth  Share buybacks – Upward “shift” of EPS growth  Immediate ≈15% dividend increase  Not at expense of c

  6. Slide 6: Strong Growth Targets

    Strong Growth Targets 6 OCTOBER 31, 2017 INVESTOR UPDATE $2.19 $1.44 $1.52 $1.60 $1.84 $2.32 2015A 2016A 2017 Pro Forma 2018E Pro Forma 2021E $2.43 $3.57 2016A Pro Forma 2021E $3.25 Targeted EPS Growth 6-8%1 Targeted Dividend Growth 6-8%1 1Indicated annual earnings per share and dividend per share a

  7. Slide 7: Expected To Close In 1st Half 2018

    Merger Expected To Close In 1st Half 2018 7 OCTOBER 31, 2017 INVESTOR UPDATE STAKEHOLDER FILED APPROVAL ANTICIPATED ADDITIONAL INFO. GXP and WR shareholders √ 4Q17 Special shareholder meetings for Westar and Great Plains to be held on November 21, 2017 KCC √ 2Q18 Docket: 18-KCPE-095-MER MPSC √ 2Q18

  8. Slide 8: Summary Transaction Structure

    Merger Summary 8 OCTOBER 31, 2017 INVESTOR UPDATE Transaction Structure • All stock merger of equals (100% stock-for-stock, tax-free exchange); combined equity value of ~$14 billion • New company to be jointly named prior to close Exchange Ratio • Westar Energy: 1:1 • Great Plains Energy: 0.5981:1 A

  9. Slide 9: Additional Information

    Additional Information OCTOBER 31, 2017 INVESTOR UPDATE 9 Additional Information and Where to Find It This presentation 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 securiti

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