Duke Energy Corporation (holding Company) · NYSE:DUK
Duke Energy Corporation (holding Company) — UBS Midwest Utilities Virtual Conference 2020
12 slides from Duke Energy Corporation (holding Company)'s conference presentation, Aug 20, 2020
Slide 1: UBS Midwest Utilities Virtual Conference
UBS Midwest Utilities Virtual Conference August 20, 2020 Steve Young Executive Vice President and CFO Bryan Buckler Vice President Investor Relations
Slide 2: Safe Harbor statement and Regulation G disclosure
Safe Harbor statement This presentation includes forward-looking statements within the meaning of the federal securities laws. Actual results could differ materially from such forward- looking statements. The factors that could cause actual results to differ are discussed herein and in Duke Energy’s
Slide 3: Safe harbor statement
Safe harbor statement This document includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are based on management’s beliefs and assumptions and can often be identified by
Slide 4: Delivering for our investors
Delivering for our investors DELIVERING ON 2020 FINANCIAL COMMITMENTS ▪ Remain confident in our ability to deliver in the lower half of the range, overcoming significant headwinds EXPECT TO DELIVER IN THE LOWER HALF OF 2020 ‒ COVID-19 load impacts of ($0.25-$0.35) EPS forecasted for the full year AD
Slide 5: Update on key rate cases
Update on key rate cases FAIR AND CONSTRUCTIVE OUTCOME IN NORTH CAROLINA RATE CASES UNDERWAY INDIANA ▪ Hearings begin Aug. 24; expect final order by year-end ▪ Indiana Utility Regulatory Commission approved: 2020 ‒ Strategic investments to generate cleaner ▪ Favorable settlements with a broad group
Slide 6: Retail electric volumes and full year expectations
Retail electric volumes and full year expectations(1) 2020 RETAIL ELECTRIC VOLUMES BY MONTH(1) 2Q 2020 RETAIL ELECTRIC VOLUMES May June July 2Q expectations were a 5% 5% 5% total retail decline of (9%) 4% -1% -3% -5% -6% (6%) -8% -9% -8% (13%) -12% (15%) -13% Residential Commercial Industrial Total
Slide 7: O&M cost savings underway with measurable impacts to 2Q results
O&M cost savings underway with measurable impacts to 2Q results ▪ Highly confident in achieving a $350-$450 million $ in millions reduction in O&M and other expenses to mitigate 2020 headwinds(1) $450 ‒ Unparalleled capability to mitigate headwinds given $400 our size, scale and agility ▪ Clear line
Slide 8: Early considerations regarding 2021 earnings outlook
Early considerations regarding 2021 earnings outlook ▪ 2021 earnings per share, prior to cancellation of ACP, $56 BILLION, 5-YEAR CAPITAL PLAN were trending to ~$5.50(1) REMAINS INTACT ‒ ACP was expected to contribute ~$0.35 of EPS in Incremental 2021 Grid $56 B Incremental Investments $56 B ‒ Regul
Slide 9: Duke Energy's clean energy future vision for the Carolinas
Duke Energy’s clean energy future vision for the Carolinas Upcoming Carolinas IRPs will illustrate multiple pathways to a cleaner energy future Collaborating with Stakeholders to help shape path to achieve our climate goals PROGRESS ON THE PATH Electric TO A NET ZERO-CARBON FUTURE ▪ Carolinas Integr
Slide 10: Our investor value proposition
Our investor value proposition A STRONG LONG-TERM RETURN PROPOSITION 4.7% ~8-10% 4 -6% LONG-TERM EPS DIVIDEND YIELD(1) zzz ATTRACTIVE WITH LONG-TERM RISK-ADJUSTED GROWTH DIVIDEND GROWTH TOTAL SHAREHOLDER ANCHORED BY LOW- COMMITMENT(2) RETURN(3) RISK REGULATED INVESTMENTS(4) CONSTRUCTIVE JURISDICTION
Slide 11: For additional information on Duke Energy
For additional information on Duke Energy, please visit: duke-energy.com/investors
Slide 12: Duke Energy Corporation Non-GAAP Reconciliations
Duke Energy Corporation Non-GAAP Reconciliations UBS Midwest Utilities Virtual Conference Adjusted Earnings per Share (EPS) The materials for the UBS Midwest Utilities Virtual Conference include a discussion of adjusted EPS. The non-GAAP financial measure, adjusted EPS, represents basic EPS availabl
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