Centerpoint Energy, Inc (holding Co) · NYSE:CNP
Centerpoint Energy, Inc (holding Co) — Q1 2021 Earnings Presentation
17 slides from Centerpoint Energy, Inc (holding Co)'s earnings presentation, May 6, 2021
Slide 1: First Quarter 2021 Investor Update
FIRST QUARTER 2021 INVESTOR UPDATE May 6, 2021 Exhibit 99.2
Slide 2: Cautionary Statement and Other Disclaimers
Cautionary Statement and Other Disclaimers This presentation and the oral statements made in connection herewith contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than stat
Slide 3: Our value proposition – Report card
Our value proposition – Report card Note: Refer to slide 2 for information on forward-looking statements and slide 17 for information on non-GAAP Utility EPS assumptions and non-GAAP measures. Refers to non-GAAP Utility EPS annual growth rate for 2021E – 2025E Refer to rate base compound annual grow
Slide 4: Q1 2021 v Q1 2020 Non-GAAP EPS Primary Drivers
Q1 2021 v Q1 2020 Non-GAAP EPS (1) Primary Drivers Note: Refer to slide 2 for information on forward-looking statements and slide 17 for information on non-GAAP Utility EPS assumptions and non-GAAP measures Refer to slides 14 and 15 for reconciliation to GAAP measures Reference Enable’s Q1 2021 Form
Slide 5: Efficiently recycle capital: sale of Arkansas and Oklahoma gas LDCs
….TO EFFICIENTLY RECYCLE CAPITAL Note: Refer to slide 2 for information on forward-looking statements. ATM – At-the-market equity issuance. Based on forecasted year-end rate base 2020 year-end rate base of approximately $700 million, inclusive of Arkansas, Oklahoma, and Texarkana Represents reported
Slide 6: Enable Transaction Update: path to eliminate midstream exposure
Enable Transaction Update…. ….PUTS US ON A PATH TO ELIMINATE MIDSTREAM EXPOSURE Note: Refer to slide 2 for information on forward-looking statements and slide 17 for information on non-GAAP Utility EPS assumptions and non-GAAP measures. FTC – Federal Trade Commission Refers to non-GAAP Utility EPS a
Slide 7: Winter storm cost securitization and recovery
….2 STATES PASSED LEGISLATION TO SUPPORT SECURITIZATION OF COST Note: Refer to slide 2 for information on forward-looking statements. Relative to normal rate making processes TX securitization bill was passed in the House, pending Senate decision Pursuing carrying costs recovery as part of storm-rel
Slide 8: Consistent, Premier Performance: O&M cost savings
Consistent, Premier Performance…. Non-GAAP UTILITY EPS AS PLANNED We sweat the details… ….so you don’t have to. ….IS ALL ABOUT CUSTOMERS AND INVESTORS Note: Refer to slide 2 for information on forward-looking statements and slide 17 for information on non-GAAP Utility EPS assumptions and non-GAAP me
Slide 9: Takeaways
Takeaways…. Strong First Quarter 2021 Results Delivered GAAP EPS of $0.56 and non-GAAP EPS (1) of $0.59; Reaffirming 2021 non-GAAP Utility EPS guidance of $1.24 - $1.26 Minimizing Midstream Exposure Enable / Energy Transfer merger expected to close in 2H 2021 Announced Sale of Arkansas and Oklahoma
Slide 10: Thank You For Your Support
THANK YOU FOR YOUR SUPPORT Contacts Philip Holder Senior Vice President Strategic Planning and Investor Relations Tel. (713) 207 – 7792 philip.holder@centerpointenergy.com Panpim Lohachala Manager Investor Relations Tel. (713) 207 – 7961 panpim.lohachala@centerpointenergy.com Jackie Richert Director
Slide 11: Appendix
@ LenterPoint. Energy Appendix rT
Slide 12: Capital Expenditures by Segment
Capital Expenditures by Segment Quarter Ended March 31, ($ in millions) 2021 2020 Electric $396 $330 Natural Gas 195 238 Corporate and Other 10 26 Continuing Operations 601 594 Discontinued Operations (1) – 21 Total Capital Expenditures $601 $615 Energy Services (CES) and Infrastructure Services (CI
Slide 13: Weather and Throughput Data
Weather and Throughput Data Note: Data as of 3/31/2021 Percentage of normal weather for service area. Normal weather is based on past 10-year weather in service area. End of period number of metered customers Q1 2021 Q1 2020 2021 vs 2020 Throughput (in GWh) Residential 6,070 5,679 7% Total 21,241 21
Slide 14: Reconciliation: Income and Diluted EPS to non-GAAP
Reconciliation: Income (Loss) and Diluted Earnings (Loss) per share to non-GAAP Income and non-GAAP Diluted EPS used in providing annual earnings guidance Note: Refer to slide 17 for information on non-GAAP measures Quarterly diluted EPS on both a GAAP and non-GAAP basis are based on the weighted av
Slide 15: Reconciliation: Income and Diluted EPS to non-GAAP
Reconciliation: Income (Loss) and Diluted Earnings (Loss) per share to non-GAAP Income and non-GAAP Diluted EPS used in providing annual earnings guidance Note: Refer to slide 17 for information on non-GAAP measures Energy Services segment Infrastructure Services segment Quarterly diluted EPS on bot
Slide 16: Regulatory Information
Regulatory Information Information Location Electric Estimated 2020 year-end rate base by jurisdiction Authorized ROE and capital structure by jurisdiction Definition of regulatory mechanisms Projected regulatory filing schedule Regulatory Information – Electric Natural Gas Estimated 2020 year-end r
Slide 17: Additional information: Use of Non-GAAP Financial Measures
Additional information Use of Non-GAAP Financial Measures In this presentation and the oral statements made in connection herewith, CenterPoint Energy presents, based on diluted earnings per share, non-GAAP Utility earnings per share (“Utility EPS”), which is not a generally accepted accounting prin