Firstenergy Corp. · NYSE:FE
Firstenergy — EEI Financial Conference 2021
11 slides from Firstenergy's conference presentation, Nov 8, 2021
Slide 1: Focused on Our Future
Focused on Our Future November 2021 Published: November 8, 2021
Slide 2: Moving FirstEnergy Forward
Moving FirstEnergy Forward EEI Financial Conference – Published November 8, 20212 We are a forward-thinking electric utility centered on integrity, powered by a diverse team of employees committed to making customers’ live brighter, the environment better and our communities stronger. Transformative
Slide 3: Transformative $3.4B equity financing at historic premium valuation
Transformative $3.4B equity financing at historic premium valuation EEI Financial Conference – Published November 8, 20213 Blended Equity Proceeds and Implied LTM P/E Valuation $2.4B FirstEnergy Transmission LLC 19.9% Sale FirstEnergy common equity issuance 40x LTM P/E 16x LTM P/E$3.4B Blended Equit
Slide 4: FET Minority Interest Sale: Transaction Summary
FET Minority Interest Sale: Transaction Summary EEI Financial Conference – Published November 8, 20214 Topic Description Minority Investor ■ Brookfield Super-Core Infrastructure Partners – Part of one of the largest infrastructure portfolios in the world Purchase Price & Implied Valuation ■ All-cash
Slide 5: $1B Equity: Transaction Summary
$1B Equity: Transaction Summary EEI Financial Conference – Published November 8, 20215 Topic Description Investor ■ Blackstone Infrastructure Partners – An active permanent capital investor across the energy, transportation, digital infrastructure, water and waste infrastructure sectors Proceeds & V
Slide 6: Robust $17B investment plan
Robust $17B investment plan Including $10B+ of sustainable investments EEI Financial Conference – Published November 8, 20216 2021F 2022F 2023F 2024F 2025F RD RT Corp ~$17B Investment Plan ~75% recovered via formula rates by 2025 ~65% recovered via formula rates in 2021 51% 10% 39% Grid Mod & Resili
Slide 7: Focused on achieving Investment-Grade ratings
Focused on achieving Investment-Grade ratings EEI Financial Conference – Published November 8, 20217 ▪ 6(1) new board members (5 independent) ▪ 6 external, experienced senior leaders GOVERNANCE, COMPLIANCE and DISCLOSURES FINANCIAL STRATEGY ▪ Robust internal investigation ▪ Continued cooperation wit
Slide 8: Moving FirstEnergy Forward: Our Value Proposition
Moving FirstEnergy Forward: Our Value Proposition EEI Financial Conference – Published November 8, 20218 Customer-focused, all electric regulated utility with geographic and regulatory diversity 6-8% annual EPS, 6% annual Rate Base growth and a sustainable dividend $17B investment program through 20
Slide 9: Investor Relations Contact Information
Investor Relations Contact Information EEI Financial Conference – Published November 8, 20219 Focused on our Future For our e-mail distribution list, please contact: Linda M. Foster, Executive Assistant to Vice President fosterl@firstenergycorp.com 330.384.2509 Shareholder Inquires: Shareholder Serv
Slide 10: Forward-Looking Statements
Forward-Looking Statements EEI Financial Conference – Published November 8, 202110 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. Such statements are subject to c
Slide 11: Non-GAAP Financial Matters
Non-GAAP Financial Matters EEI Financial Conference – Published November 8, 202111 This presentation contains references to non-GAAP financial measures including, among others, Operating earnings (loss), Operating earnings (loss) per share (EPS), Operating earnings (loss) per share (EPS) by segment,