Centerpoint Energy, Inc (holding Co) · NYSE:CNP
Centerpoint Energy, Inc (holding Co) — Q4 2021 Earnings Presentation
19 slides from Centerpoint Energy, Inc (holding Co)'s earnings presentation, Feb 22, 2022
Slide 1: Fourth Quarter 2021 Investor Update
Establishing a path towards PREMIUM T h r o u g h S u s t a i n a b l e G r o w t h … FOURTH QUARTER 2021 INVESTOR UPDATE February 22, 2022
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: Premium Value Proposition: Tracking Delivery
Premium Value Proposition: Tracking Delivery Targeting industry-leading growth of 8% non-GAAP EPS annually through 2024 and mid to high-end of 6%-8% annually through 2030 (1) Increasing 5-year Capital plan to $19.2B (2), and executing 10-year Capital plan of $40B+ (2), with more potential beyond our
Slide 4: Takeaways: Fourth Quarter and Full Year 2021 Results; Reaffirmed 2022 Guidance
Takeaways…. 4 Fourth Quarter and Full Year 2021 Results; Reaffirmed 2022 Guidance Delivered non-GAAP Utility EPS (1) of $0.27 for fourth quarter and $1.27 for full year 2021; Moving to consolidated non-GAAP EPS for 2022 with reaffirmed guidance range of $1.36 - $1.38 Focus on Net Zero Target and Imp
Slide 5: 2021 Financial Results and 2022 Guidance
2021 Financial Results and 2022 Guidance…. 5 Note: Refer to slide 2 for information on forward-looking statements and slide 19 for information on non-GAAP Utility EPS and non-GAAP EPS assumptions and non-GAAP measures. ET – Energy Transfer (1) Inclusive of results from Discontinued Operations, i.e.,
Slide 6: Q4 2021 vs Q4 2020 Non-GAAP EPS Drivers
Utility $0.22 Utility $0.27 $0.04 $0.02 $0.00 $0.02 $0.01 $0.02 Midstream (2) $0.07 Midstream (2) $0.09 Q4 2020 Non-GAAP EPS Q4 2021 Non-GAAP EPS Q4 2021 v Q4 2020 Non-GAAP EPS (1) Primary Drivers Note: Refer to slide 2 for information on forward-looking statements and slide 19 for information on no
Slide 7: Capital Expenditures by Segment
Capital Expenditures by Segment…. FY FY 5-YR 10-YR 2021 2022E (3) Plan Plan Electric (4) ~$2.1B ~$2.4B $11.2B $23B+ Natural Gas ~$1.4B ~$1.4B $7.6B $16B+ Corporate and other ~$40M ~$10M $0.1B $0.2B Total CapEx (2021 Analyst Day) ~$3.5B ~$3.8B $18B+ $40B+ Incremental Spend above Analyst Day (5) ~$100
Slide 8: Rate Case Updates
Rate Case Updates Minnesota Rate Case: Filed 11/1/2021 $67.1M Revenue increase 10.2% ROE / 51.00% Equity / 7.06% ROR $42M Interim rates went into effect 1/1/2022 Indiana IRP Update Electric CPCNs: 400 MW Solar: Approved in October 2021 BTA downsizing from 300 MW to 200 MW PPA remai
Slide 9: Contacts
Contacts Jackie Richert Vice President Investor Relations and Treasurer Tel. (713) 207 – 9380 jackie.richert@centerpointenergy.com Panpim Lohachala Manager Investor Relations Tel. (713) 207 – 7961 panpim.lohachala@centerpointenergy.com General Contact Tel. (713) 207 – 6500 https://investors.centerpo
Slide 10: Appendix
@ CenterPoint. Energy Appendix
Slide 11: FY 2021 vs FY 2020 Non-GAAP EPS Drivers
Utility $1.17 Utility $1.27 $0.18 $0.05 $0.03 $0.06 $0.12 $0.14 Midstream (3) $0.23 Midstream (3) $0.37 FY 2020 Non-GAAP EPS FY 2021 Non-GAAP EPS FY 2021 v FY 2020 Non-GAAP EPS (1) Primary Drivers Note: Refer to slide 2 for information on forward-looking statements and slide 19 for information on no
Slide 12: Regulatory Schedule
Regulatory Schedule Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec TX (E) IN (E) TX (G) MN (G) (Rate case) N. IN (G) OH (G) S. IN (G) LA (G) MS (G) No rate case until late 2023 / early 2024 – Two TCOS filings, DCRF in April No rate case until late 2023 No rate case until late 2023 IT RT EH RB FO IT
Slide 13: Weather and Throughput Data
Weather and Throughput Data Note: Data as of 12/31/2021 (1) End of period number of metered customers (2) Percentage of normal weather for service area. Normal weather is based on past 10-year weather in service area. FY 2021 FY 2020 2021 vs 2020 Th ro ug hp ut (in G W h) Residential 32,067 32,630 (
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 19 for information on non-GAAP measures (1) Quarterly diluted EPS on both a GAAP and non-GAAP basis are based on the weighte
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 19 for information on non-GAAP measures (1) Quarterly diluted EPS on both a GAAP and non-GAAP basis are based on the weighte
Slide 16: 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 16 Quarter Ended December 31, 2020 Utility Operations Midstream Investments (Disc. Operations) Corporate and Other (6) CES(1) & CIS(2) (Disc. Ope
Slide 17: 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 19 for information on non-GAAP measures (1) Energy Services segment (2) Infrastructure Services segment (3) Quarterly dilute
Slide 18: 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
Slide 19: 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 income, non-GAAP Utility earnings per share (“Utility EPS”) and non-GAAP earnings per share (