Pinnacle West Capital Corporation · NYSE:PNW
Pinnacle West Capital — Corporate Update (August 2017)
6 slides from Pinnacle West Capital's corporate update, Aug 21, 2017
Slide 1: 2017 On-Going EPS Guidance
Pinnacle West 2017 On-Going EPS Guidance 2017 ON-GOING EPS GUIDANCE
Slide 2: Forward Looking Statements and Non-GAAP Financial Measures
Pinnacle West 2017 On-Going EPS Guidance2 FORWARD LOOKING STATEMENTS AND NON-GAAP FINANCIAL MEASURES This presentation contains forward-looking statements based on current expectations, including statements regarding our earnings guidance and financial outlook and goals. These forward-looking statem
Slide 3: 2017 On-Going EPS Guidance: Key Factors & Assumptions
Pinnacle West 2017 On-Going EPS Guidance3 2017 ON-GOING EPS GUIDANCE1 Key Factors & Assumptions as of August 21, 2017 2017 Electricity gross margin* (operating revenues, net of fuel and purchased power expenses) $2.45 – $2.50 billion • Retail customer growth about 1.5-2.5% • Weather-normalized retai
Slide 4: 2017 Financial Outlook
Pinnacle West 2017 On-Going EPS Guidance4 2017 FINANCIAL OUTLOOK 2018 on-going EPS guidance will be provided on the third quarter 2017 earnings conference call • Goal is to keep O&M per kWh flat, adjusted for planned outages • Targeting ~5% annual dividend growth* • Goal of earning at least 9.5% Ret
Slide 5: Appendix
Pinnacle West 2017 On-Going EPS Guidance APPENDIX
Slide 6: Non-GAAP Measure Reconciliation
Pinnacle West 2017 On-Going EPS Guidance6 NON-GAAP MEASURE RECONCILIATION $ millions pretax Operating revenues* 3,540$ - 3,600$ Fuel and purchased power expenses* (1,010) - (1,020) Gross margin 2,530 - 2,580 Adjustments: Renewable energy and demand side management programs (80) - (80) Adjusted gross
Pinnacle West Capital — Corporate Update (August 2017) on 6ix