Exelon Corporation · NASDAQ:EXC
Exelon — Investor Presentation (September 2016)
15 slides from Exelon's investor presentation, Sep 21, 2016
Slide 1: Exelon Corporation Shareholder Outreach Fall 2016
Exelon Corporation Shareholder Outreach Fall 2016 Exhibit 99.1
Slide 2: Cautionary Statements Regarding Forward-Looking Information
Cautionary Statements Regarding Forward-Looking Information 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 mat
Slide 3: Exelon: An Industry Leader
Exelon: An Industry Leader Note: All numbers reflect year-end 2015; 2015 revenue is Exelon and PHI combined
Slide 4: Business Overview: Two Main Businesses After Pepco Acquisition
Constellation Power Generation Customer facing portion of generation business Provides energy products and services to approximately 2 million residential, public sector and business customers, including more than two-thirds of the Fortune 100 One of largest competitive US power generators, with app
Slide 5: Performance Update
Performance Update (1) Commitment to grow dividend at least 2.5% for each of the next 3 years (2) TSR through December 31, 2015 except YTD, which represents TSR through September 16, 2016 (3) Represents the four companies with at least 25% of their assets in unregulated businesses that comprise our
Slide 6: The Exelon Value Proposition
The Exelon Value Proposition Regulated Utility Growth with utility EPS rising 7-9% annually from 2016-2020 and rate base growth of 6.1%, representing an expanding majority of earnings ExGen’s strong free cash generation will support utility growth while also reducing debt by ~$3B over the next 5 yea
Slide 7: Executive Compensation Overview -- 2015
Executive Compensation Overview -- 2015 Pay Element Fixed vs. Variable Purpose Performance/ Vesting Period 2015 Performance Measures Percentage of 2015 CEO Target Direct Compensation Salary Fixed Provide income certainty N/A N/A 9.7% Annual Incentive Plan Variable Hold executives accountable for nea
Slide 8: Comprehensive Engagement Process
Implemented changes to 2016 program, included investor feedback received during 2016 proxy season and June investor outreach Comprehensive Engagement Process Preliminary Off-Season Investor Outreach Compensation Committee Meeting Additional Investor Outreach Engaged with 30% of outstanding shares to
Slide 9: Exelon NEO Compensation Program Refinements
Exelon NEO Compensation Program Refinements Annual Incentive Plan Long-Term Incentive Plan Program Refinements Other Capped payout at target if negative absolute TSR for 12 months Revised goal weightings to 70% EPS and 30% operational Eliminated the IPM component Moved PShare measurement periods fro
Slide 10: Compensation Program is Directly Linked to Strategy
Compensation Program is Directly Linked to Strategy Value Proposition / Business Objective Compensation Component or Metric Regulated utility growth with utility EPS rising 7-9% and rate base growth of 6.1% annually from 2016-2020 Adjusted Operating EPS Performance measure for the AIP Utility Net In
Slide 11: Goals Are Rigorous, Transparent and Aligned with Shareholders
Goals Are Rigorous, Transparent and Aligned with Shareholders The goal-setting process is competitive and well-defined The committee annually reviews components, targets and payouts to ensure that they are challenging, contain appropriate stretch and are designed to mitigate excessive risk The commi
Slide 12: Appropriate Peers Based on Industry and Size
Appropriate Peers Based on Industry and Size General Industry Peers Company FY 2015 Revenue Market Cap(1) 3M Company 30,274 105,806 Alcoa 22,534 12,417 Deere & Company 28,781 25,767 DuPont 25,130 58,798 General Dynamics 31,469 46,021 Hess 6,385 14,584 Honeywell 38,581 86,938 International Paper Comp
Slide 13: Director Expertise and Board Attributes
Director Expertise and Board Attributes Financial, accounting and financial reporting experience 13 Senior management leadership / CEO experience 13 Knowledge of Exelon’s business / industry experience 11 Innovation and technology experience 6 Government and regulatory experience 7 Risk oversight /
Slide 14: Strong Governance Profile and Practices
Strong Governance Profile and Practices Significant stock ownership requirements for directors and executive officers Double-trigger change-in-control agreements Prohibit hedging transactions, short sales, derivative transactions or pledging Robust clawback policy No employment agreements No excise
Slide 15: Commitment to Sustainable Business Practices
Safe, Innovative and Rewarding Workplace Maintained relentless focus on safety performance Hosted annual Innovation Expo, for employees from across the company to learn about new technologies Reducing Our Environmental Impacts Assessed climate change vulnerabilities and climate-related risks to oper