DBA Sempra · NYSE:SRE
DBA Sempra — Sempra Energy — Investor Presentation (May 2020)
18 slides from DBA Sempra's investor presentation, May 19, 2020
Slide 1: Southern California Gas Company Overview
Sempra Energy Southern California Gas Company Overview Bret Lane, Chairman and Chief Executive Officer May 19, 2020
Slide 2: Information Regarding Forward-Looking Statements
Information Regarding Forward-Looking Statements This presentation contains statements that are not historical fact and constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect t
Slide 3: Sempra Energy | High Growth Infrastructure Platforms
Sempra Energy | High Growth Infrastructure Platforms Sempra has a tier-1 leadership position in North America’s leading markets with strong visibility into long-term growth Infrastructure Platforms ▪ Investing $32B – largest 5-year capital plan in our company’s history, focused on smart, new energy
Slide 4: Sempra Energy | Focused Business Model
Sempra Energy | Focused Business Model We’re on a mission to become North America’s premier energy infrastructure company Focusing squarely on the most attractive markets in North Continuing to build liquidity and balance sheet strength to 1 America 4 execute our plan Investing in section of energy
Slide 5: Sempra Energy | Health + Safety Update
Sempra Energy | Health + Safety Update In the midst of the coronavirus pandemic, we’re reminded that our employees face health risks in their daily lives and unique challenges in performing their jobs. That’s why our first principle has been, and continues to be, keeping them safe Activated Executiv
Slide 6: Company Overview and Strategic Mission
SoCalGas | Company Overview and Strategic Mission Our vision is to be the cleanest gas utility in North America, delivering affordable and increasingly renewable energy to our customers Service Territory Highlights Technology, Innovation and Safety 1 ▪ Technological advancements further enhancing sa
Slide 7: 2019 Accomplishments
SoCalGas | 2019 Accomplishments A supportive regulatory environment in 2019 further sets SoCalGas up for a year of execution in 2020 ✓ 2019 General Rate Case | Supportive of capital-intensive investments to enhance safety and reliability programs (1) ✓ 2020 Cost of Capital | Authorized Rate Of Retur
Slide 8: Macro Environment
SoCalGas | Macro Environment Natural gas will play a key role in supporting the transition and future of energy in California Safety + Operational Excellence Decarbonization Customer Trends ▪ Execute leading practices on ▪ In California, residential natural gas ▪ 90% of Southern CA residents use saf
Slide 9: Capital Plan Drives Projected Rate Base Growth
SoCalGas | Capital Plan Drives Projected Rate Base Growth Regulatory environment supportive of SoCalGas’ long-term goal of building the cleanest, safest and most reliable energy infrastructure in North America 2020 – 2024 Capital Plan ($B)(1) Rate Base ($B)(2) $9.0 Billion $0.5B (6%) $1.1B (12%) $2.
Slide 10: Sustainability Spotlight – 21st Century Energy System
SoCalGas | Sustainability Spotlight – 21st Century Energy System (1) Aligning with California policies and energy goals to deliver sustainable, cleaner energy over time 2030 – 2050 (1) Renewable GHG Emission Distributed Liquified Natural Carbon Capture Natural Gas Natural Gas Hydrogen Reduction Ener
Slide 11: Key Takeaways
SoCalGas | Key Takeaways Key Takeaways 1 SoCalGas is the largest gas distribution company in the U.S.(5) $9B 12% Manage safety, integrity and reliability through proactive, risk- 5-Year Capital Plan(1) Rate Base CAGR (2) 2 based mitigation measures – ~90% of the 5-year capital plan is 2019 – 2024 re
Slide 12: Appendix
Appendix 12
Slide 13: California Utilities | COVID-19 Update
California Utilities| COVID-19 Update Workforce Protocol Customer Exposure ▪ Revised protocols for onsite employees including ▪ Level of uncollectible bill expense currently physical separation within operating groups, authorized in revenue requirement (0.17% at SDG&E separate service vehicles and i
Slide 14: Macro Drivers
SoCalGas | Macro Drivers CA Economy Highlights Southern CA residents use gas to heat their home and water; these ▪ Southern CA has the largest manufacturing base in the U.S. customers depend on natural gas for its affordability and reliability as and is highly dependent upon gas as its energy source
Slide 15: Macro Environment
SoCalGas | Macro Environment Natural gas emissions account for ~25% of CA GHG emissions; SoCalGas is working to reduce emissions in all sectors, even those it does not directly impact, such as Agriculture and Transportation Sources of Greenhouse Gas Emissions(1) CA GHG Emissions Natural Gas 5% 7% 0%
Slide 16: Sustainability Spotlight – Green Hydrogen
SoCalGas | Sustainability Spotlight – Green Hydrogen Scalable energy storage solution for low-carbon power grid Green Hydrogen supports the transition to low-carbon energy Rising Curtailment of Renewable Power(3) ▪ Energy storage is emerging as a critical element of transition to the low-carbon ener
Slide 17: California Gas System GHG Emissions Reduction
SoCalGas | California Gas System GHG Emissions Reduction CPUC Long-Term Gas System Planning OIR(1) Proposed ▪ Focused on gas system safety and reliability enhancements OIR Phases Decision Expected ▪ Acknowledges that the existing natural gas system can play a role in helping meet state environmental
Slide 18: Key Operating + Financial Metrics
SoCalGas | Key Operating + Financial Metrics Operating Metrics Financial Metrics ▪ Largest gas local distribution company (LDC) in the U.S. with 2019 Earnings ▪ $641M Overview ~22 million consumers(1) 2019 Achieved ▪ Transmission: ~3,000 miles of transmission pipelines(2) Return on Common ▪ 14.3% ▪