Nrg Energy, Inc. · NYSE:NRG
Nrg Energy — Investor Presentation (September 2023)
13 slides from Nrg Energy's investor presentation, September 2023
Slide 1: NRG Investor Presentation
NRG Energy Inc. NRG Investor Presentation September/October 2023 1 | NRG Investor Presentation
Slide 2: Safe Harbor
Safe Harbor Forward-Looking Statements In addition to historical information, the information presented in this presentation includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act. These statements involve estimates, ex
Slide 3: Compelling Value Proposition
Compelling Value Proposition Leading Consumer Platform serving 7.5 million customers uniquely positioned 1 to capitalize on the convergence of electricity and smart technologies Strong core energy business with diversified supply and leading retail energy 2 brands for homes and businesses Complement
Slide 4: Key Metrics
Key Metrics1 FCFbG Per Share Dividend Per Share Cumulative Share Repurchases ($ Bn) 15-20% Annual Growth 7-9% Annual Growth Target Target Current Authorization $18.0 $2.1 $5.5 $1.8 $12.5 $1.5 $1.2 $2.7 $8.5 $6.3 $1.0 2020 2023E 2025E 2027E 2020 2023E 2025E 2027E 2023E 2025E 2027E Pro Pro Pro Pro For
Slide 5: Leading Energy and Home Services Company
1 Leading Energy and Home Services Company ~ 7.5 Million Residential Customers Wholesale Consumer-Facing Supply B2B Energy Smart Home • 13 GW Generation Capacity • #2 Power Retailer • #1 Residential Retail Power • #1 Residential HVAC Installation • Diverse Fuel and Merit • #2 Gas Retailer • #2 Resid
Slide 6: Strong Core Energy Business
2 Strong Core Energy Business Generation Commercial Customer • 13 GW capacity with ~70% in Texas • 24x7 commercial group managing • ~7.5 million customers; 5.5 million power, fuel and emissions Energy and 2.0 million Smart Home • 1.5 GW Texas Brownfield opportunities (gas peaking & CCGT) in developm
Slide 7: Complementary Smart Home Business (Vivint)
3 Complementary Smart Home Business (Vivint) Attractive Smart Home Business Strong Operational Performance Key Metrics 2Q22 2Q23 Change Security Solar $35 Bn Subscribers (MM) 1.9 2.0 +7% Smart Home Lighting Protection TAM1 Monthly Recurring Revenue Plans $68.04 $72.01 +6% per Subscriber Monthly Recu
Slide 8: Identified Near-Term Opportunities
4 Identified Near-Term Opportunities Near-Term Identified Opportunities: Compelling Growth Economics and $550 MM Recurring FCFbG by 2025 Continued Cost Improvement $300 MM Growth by 2025 Growth By 2025 ($MM)1 • ~50% Cross-Selling and Bundling • Target network of 7.5 MM customers • Higher margin, ten
Slide 9: Residential Demand Response
4 Residential Demand Response VPP Opportunity Virtual Power Plant (VPP) Overview1 Load Aggregation Market Interface Smart Home Energy Platform Platform Power Cloud-Based Home Technology Platform Supply Market Home Retail + Energy Solar Comfort/HVAC Battery EV Two Models to Monetize VPP capabilities
Slide 10: Residential Demand Response
4 Residential Demand Response VPP Opportunity 1 2 Peak Load Management VPP Services July-August 2023 15-Minute Houston Zone LMP Priority Markets for Program Management Vivint Subscriber Competitive States Less More 1 GW VPP during ERCOT summer ’23 would have created ~$200 MM opportunity 40 MM househ
Slide 11: Clear Path to Value
5 Clear Path to Value Connected Product Suite Enhances Customer Experience Energy Solar Leading EV Leading Smart Commercial and Risk Diversified Data & Integrated Energy Home Mgmt. Expertise Supply Mix Insights Technology Platform Retailer Provider Battery Integrated Tech Comfort/HVAC Backbone Secur
Slide 12: Reg. G
Reg. G EBITDA and Adjusted EBITDA are non-GAAP financial measures. These measurements are not recognized in accordance with GAAP and should not be viewed as an alternative to GAAP measures of performance. The presentation of Adjusted EBITDA should not be construed as an inference that NRG’s future r
Slide 13: Reg. G
Reg. G Adjusted Cash provided by operating activities is a non-GAAP measure NRG provides to show Cash provided / (used) by operating activities with the reclassification of net payments of derivative contracts acquired in business combinations from financing to operating cash flow, as well as the ad