Exelon Corporation · NASDAQ:EXC
Exelon — Lehman Brothers CEO Energy/Power Conference 2003
9 slides from Exelon's conference presentation, Sep 3, 2003
Slide 1: Building Value - The Exelon Way
Building Value - The Exelon Way John W. Rowe Chairman & Chief Executive Officer Lehman Brothers CEO Energy/Power Conference New York City September 3, 2003
Slide 2: Forward-Looking Statements
This presentation contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, that are subject to risks and uncertainties. The factors that could cause actual results to differ materially from the forward-looking statements made by a regist
Slide 3: Total Return Comparisons 1/1/00 - 7/31/03
Total Return Comparisons 1/1/00 - 7/31/03 Source: Bloomberg
Slide 4: Exelon Footprint
Exelon Footprint (1) Based on Exelon Generation's ownership and long-term contracts at 7/31/03, including AmerGen Energy Company, LLC; excludes investment in Sithe Energies, Inc. ECAR: 500 MW Contracted MAAC: 10,665 MW Total 10,415 MW Operating 250 MW Contracted MAIN: 20,164 MW Total 11,028 MW Opera
Slide 5: Exelon Vision and Commitments
Exelwn. Exelewn. Company, Vision LivE UPTO OUR COMMITMENTS ~ keepthe lights on. reflects the diversity of our communities. PERFORM AT quality, safety and customer satisfaction. best practices across the enterprise. to meet our customers’ needs. BUILD VALU: THROUGH DISCIPLINED FINANCIAL MANAGEMENT -
Slide 6: U.S. Electricity Business - Expectations
U.S. Electricity Business - Expectations Small consumers want reliable service Large customers want choice among suppliers Suppliers want access to utility wires Environmental interests want cleaner power Investors want attractive returns Utilities need orderly systems in which to function
Slide 7: Build Value through Consistent Profitability
Build Value through Consistent Profitability Operating Earnings Per Share* Time $4.50 $4.49 $4.30 $5.00 "Top End" $4.70 $4.85 $4.83 $4.45 $5.45 $5.15 $3.86 2000 2001 2002 2003E 2004E Note: Current 2003E EPS guidance is $4.80 to $5.00. * See end of presentation material for reconciliation to GAAP EPS
Slide 8: Valuation Measures
Valuation Measures P/E Earnings per Share Earnings per Share Dividends Yield 2004E (X) 2-Yr CAGR 2000-2002A (%) 2-Yr CAGR 2002A-2004E (%) 5-Yr CAGR 1997-2002A (%) (%) Exelon 11.0 11.9 4.8 2.2 3.4 Entergy 12.5 10.5 4.9 -5.5 3.4 FPL Group 12.1 4.7 3.1 3.8 3.9 Dominion Res. 12.0 20.4 2.4 0 4.3 Southern
Slide 9: Building Value - The Exelon Way
Building Value - The Exelon Way
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