Xcel Energy Inc. · NASDAQ:XEL
Xcel Energy — Investor Presentation (October 2007)
13 slides from Xcel Energy's investor presentation, Oct 12, 2007
Slide 1: MUI Annual Meeting October 15, 2007
MUI Annual Meeting October 15, 2007
Slide 2: Safe Harbor
This material includes forward-looking statements that are subject to certain risks, uncertainties and assumptions. Such forward-looking statements include projected earnings, cash flows, capital expenditures and other statements and are identified in this document by the words “anticipate,” “estima
Slide 3: Attractive Total Return
Attractive Total Return Sustainable 5% – 7% earnings per share growth Dividend yield 4.2% Dividend growth of 2% – 4% per year Value Proposition Low risk, fully regulated and integrated utility Constructive regulatory environment with enhanced recovery of major capital projects Pipeline of investment
Slide 4: Profile
Profile NSP- Wisconsin 7% of net income NSP- Minnesota 47% of net income SPS 8% of net income PSCo 38% of net income 2006 EPS $1.30 continuing operations 2007 Dividend $0.92 per share annualized Traditional Regulation Operate in 8 States Combination Utility: Electric 85% of net income Gas 15% of net
Slide 5: 2006 Owned Generating Facilities and Energy Supply Mix
Coal 35 8,182 Natural Gas 58 4,987 Nuclear 3 1,668 Hydro 83 508 Oil 24 460 RDF 6 67 Wind 37 27 Total 15,899 2006 Owned Generating Facilities Unit Type Units MW Xcel Energy Supply Sources Nuclear 12% Coal ** 52% Gas & Oil 27% * Includes purchases ** Low-sulfur western coal Renewables9% 2006 Energy Su
Slide 6: Xcel Energy and Wind Potential
Source: National Renewable Energy Laboratory Xcel Energy and Wind Potential Wind Density High Low Xcel Energy States Served
Slide 7: Projected Wind Generation
Projected Wind Generation MW 1,300 2,800 6,000 2006 2007 2020
Slide 8: Environmental Leadership
Environmental Leadership Number 1 utility wind provider — 1,300 MW on-line — 2,800 MW projected by year-end 2007 Over 2,000 MW of conservation and DSM achieved One of the largest U.S. solar photovoltaic projects Evaluating an IGCC with sequestration Reducing emissions and increasing efficiency at po
Slide 9: Capital Expenditure Forecast
Capital Expenditure Forecast $Millions Denotes enhanced recovery process 2007 2008 2009 2010 2011 Base & Other Cap Ex $ 955 $ 950 $ 950 $1,000 $ 965 MERP 275 170 35 10 0 Comanche 3 345 275 55 15 0 MN Wind Transmission 150 20 50 15 0 CapX 2020 5 20 110 240 180 Sherco Upgrade 10 65 200 245 165 Wind Ge
Slide 10: Incremental Investment Opportunities
Incremental Investment Opportunities Capital expenditure forecast is being updated and should be completed in third quarter Forecast is expected to increase: Additional wind generation Additional transmission Potential needs from resource plans Incremental investment will drive future EPS growth
Slide 11: Delivering on EPS Growth Objective
Delivering on EPS Growth Objective $1.15 $1.30 $1.30 - $1.40 2005 Actual 2006 Actual 2007 Guidance Guidance Range Utility Operations $1.45 – $1.55 Holding Company & Other (0.15) Continuing Operations $1.30 – $1.40* Disc Ops $(0.10) – $(0.08) Total Xcel Energy $1.20 – $1.32 13% >7% 2007 Continuing Op
Slide 12: Delivering on Dividend Growth Objective
Delivering on Dividend Growth Objective Annualized dividend per share 2004-2007 CAGR = 3.5% $0.92 $0.89 $0.86 $0.83 $0.75 2003 2004 2005 2006 2007
Slide 13: Attractive Total Return
Attractive Total Return Sustainable 5% – 7% earnings per share growth Dividend yield 4.2% Dividend growth of 2% – 4% per year Value Proposition Low risk, fully regulated and integrated utility Constructive regulatory environment with enhanced recovery of major capital projects Pipeline of investment