Xplr Infrastructure, Lp · NYSE:XIFR
Xplr Infrastructure, Lp — NextEra Energy Partners — Barclays CEO Energy-Power Conference 2014
23 slides from Xplr Infrastructure, Lp's conference presentation, Sep 2, 2014
Slide 1: Barclays CEO Energy-Power Conference
Barclays CEO Energy-Power Conference Moray Dewhurst Vice Chairman and CFO, NextEra Energy CFO, NextEra Energy Partners September 2, 2014
Slide 2: Cautionary Statements And Risk Factors That May Affect Future Results
Cautionary Statements And Risk Factors That May Affect Future Results Any statements made herein about future operating and/or financial results and/or other future events are forward-looking statements under the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. These f
Slide 3: NextEra Energy Adjusted Earnings Per Share Expectations
NextEra Energy Adjusted Earnings Per Share Expectations 2014 $5.15 - $5.35 $5.50 - $6.00 2016 (5% - 7% CAGR off a 2012 base) 3
Slide 4: NextEra Energy Partners Twelve Months Ending June 30, 2015 Expectations
NextEra Energy Partners Twelve Months Ending June 30, 2015 Expectations Initial Portfolio EBITDA $245 - 255 MM CAFD $85 - 90 MM Unit distribution growth expectation: 12 – 15% per year for at least three years 4
Slide 5: Solid earnings results through the first half of the year
Solid earnings results through the first half of the year NextEra Energy First Half 2014 Results(1) Adjusted Earnings Adjusted EPS ($ MM) $0.15 NEP $2.70 launch impact $1,188 $2.59 $1,097 2013 2014 2013 2014 5 (1) See Appendix for reconciliation of adjusted amounts to GAAP amounts
Slide 6: At FPL, line of sight to achieving incremental productivity gains through Project Momentum
At FPL, line of sight to achieving incremental productivity gains through corporate initiative “Project Momentum” Project Momentum Productivity Improvements • Moving forward with several • Goals through 2016: initiatives – Keep nominal base O&M • Significant O&M cost expenses flat to 2012 base savin
Slide 7: Energy Resources has had a successful period of new project origination activity
Energy Resources has had a successful period of new project origination activity Incremental Contracted Renewables March 2013 Achieved Investor Conference Origination(1) Expected Origination 500 – 1,500 MW ~1,771 MW U.S. Wind 2013 – 2014 Program 2013 – 2015 Program 0 – 300 MW ~297 MW Solar 2013 – 20
Slide 8: NextEra Energy Partners
NExTera energy” PARTNERS Z
Slide 9: 111(d) has the potential to drive significant demand
111(d) has the potential to drive significant demand EPA Proposed CAA 111(d) Rule • Published on June 18, 2014 with 120 day comment period • Rule proposes state-by-state CO2 emission targets, expressed in pounds of CO2 per megawatt hour • State emission targets based on four building blocks – Effici
Slide 10: Commercial activities for the Mountain Valley Pipeline project continue to progress
Commercial activities for the Mountain Valley Pipeline project continue to progress Mountain Valley Pipeline Project • Potential project with EQT – ~330 miles – Approximately 2 Bcf per day initial transmission capacity • Designed to connect Marcellus and Utica shales with markets in the Southeast re
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Slide 12: NextEra Energy & Partners
weath fe ENERGY & NExTera energy” PARTNERS 2
Slide 13: Q&A Session
Q&A Session NExTera’ NexTera energy” ENERGY & PARTNERS Z 13
Slide 14: Appendix
Appendix NExTera’ NexTera energy” ENERGY & PARTNERS Z 14
Slide 15: NextEra Energy
NEX Tera ENERGY &
Slide 16: Reconciliation of Adjusted Earnings to GAAP Net Income
Reconciliation of Adjusted Earnings to GAAP Net Income (Six Months Ended June 30) (m illions, except per share am ounts) 2013 2014 Net Incom e $ 883 $ 921 Adjustments, net of income taxes: Net unrealized mark-to-market losses associated w ith non- qualifying hedges 61 273 Income from other than temp
Slide 17: Reconciliation of Base O&M Cents per kWh to GAAP O&M Cents per kWh
Reconciliation of Base O&M Cents per kWh to GAAP O&M Cents per kWh 2012 ($ in millions) Base O&M (A) $1,500 Clause 269 Other 4 GAAP O&M (B) $1,773 Retail delivered kWhs (in millions) (C) 102,128 Base O&M cents per Retail kWh (A)/(C)*100 = (D) 1.47 GAAP O&M cents per Retail kWh (B)/(C)*100 = (E) 1.74
Slide 18: Cautionary Statement And Risk Factors That May Affect Future Results
Cautionary Statement And Risk Factors That May Affect Future Results This presentation contains “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of historical facts, bu
Slide 19: Cautionary Statement And Risk Factors That May Affect Future Results (cont.)
Cautionary Statement And Risk Factors That May Affect Future Results (cont.) failure or breach of NextEra Energy's or FPL's information technology systems; risks to NextEra Energy and FPL's retail businesses from compromise of sensitive customer data; losses from volatility in the market values of d
Slide 20: NextEra Energy Partners
NExTera energy” PARTNERS Z
Slide 21: Cautionary Statement And Risk Factors That May Affect Future Results
Cautionary Statement And Risk Factors That May Affect Future Results This presentation contains “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of historical facts, bu
Slide 22: Cautionary Statement And Risk Factors That May Affect Future Results (cont.)
Cautionary Statement And Risk Factors That May Affect Future Results (cont.) which face risks related to project siting, financing, construction, permitting, the environment, governmental approvals and the negotiation of project development agreements; NEP's ability to effectively consummate future
Slide 23: Cautionary Statement And Risk Factors That May Affect Future Results (cont.)
Cautionary Statement And Risk Factors That May Affect Future Results (cont.) Reimbursements and fees owed to NEP GP and its affiliates for services provided to NEP or on NEP's behalf will reduce cash available for distribution to or from NEP OpCo and from NEP to NEP's common unitholders, and the amo
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