Cms Energy Corporation · NYSE:CMS
Cms Energy — Investor Presentation (December 2016)
10 slides from Cms Energy's investor presentation, Dec 8, 2016
Slide 1: Forward-looking statements and non-GAAP disclaimer
This presentation is made as of the date hereof and contains “forward-looking statements” as defined in Rule 3b-6 of the Securities Exchange Act of 1934, Rule 175 of the Securities Act of 1933, and relevant legal decisions. The forward-looking statements are subject to risks and uncertainties. All f
Slide 2: Palisades PPA Termination
2 Palisades PPA Termination . . . . Early PPA termination Benefits customers Good for investors . . . . mutually beneficial. Palisades
Slide 3: Early Termination of Palisades PPA
Early Termination of Palisades PPA . . . . Key PPA Contract price-to-Cost (mils) $450 Points ~$45 mil per year Customer Savings 400 350 300 250 Replacement 200 Cost 150 100 a 2018 2019 2020 2021 2022 _ _ _ _ _ a Contract expires April 11, 2022. Amounts shown on the chart on annualized basis. 3 . . .
Slide 4: Replacement Includes Flexible Capacity Options Without Big Bets
Replacement Includes . . . . Palisades Replacement Plan • Energy efficiency • Demand 2015 Apr 2016 Dec 2015 2016 2017 2018 2025 Apr/Aug 2016 4 . . . . flexible capacity options without big bets. #2 Ludington Pumped Storage (73 MW) Jackson Gas Plant (540 MW) Solar/Wind #4 Ludington Pumped Storage (73
Slide 5: Increasing Capital Investment by $1 Billion
Increasing Capital Investment by $1 billion . . . . 2016 - 2025 $17 billion 2018 - 2027 $18 billion Incremental Capex • Gas main replacement Future Opportunities • Supply replacement Electric Infrastructure & Maintenance Gas Infrastructure & Maintenance Electric Infrastructure & Maintenance Gas Infr
Slide 6: EPS Guidance Raised to Top End
a EPS Guidance . . . . $2.02 +7% EPS a +7% Average growth per year $1.77 $1.87 $1.99 $1.66 $1.78 $1.66 $1.55 Not in Plan $1.45 Updated Law Big Bets $1.55 _ _ _ _ _ a Adjusted EPS (non-GAAP) 6 . . . . raised to top end. $2.10 $1.89$2.00 +6% $1.85 $1.73 $1.63 $1.36$1.44$1.52 Capex Opportunities $1.35O
Slide 7: Consistent Growth Through Recessions, Adverse Weather, and Leadership Changes
Consistent Growth Through . . . . CAGR EPS Recession 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 7 7% to 6% 8% Cold winter Mild summer Hot summer Warm winter Mild summer Cold winter Summer-“less” Hot summer Hot summer Warm winter Mild summer Polar vortex Cold Feb. Warm
Slide 8: Consistent EPS Growth Through Recession
Recession 2003 2004 2005 2006 2007 +2008 =2009 2010 2041 2012 2013 2014 2015 2016 2017 Governor (D) Commission (D) Commission (D) Whipple Joos Russell recessions, adverse weather, and leadership changes.
Slide 9: Earnings Per Share By Year GAAP Reconciliation
CMS ENERGY CORPORATION Earnings Per Share By Year GAAP Reconciliation (Unaudited) 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Reported earnings (los s ) per s hare - GAAP ($0.30) $0.64 ($0.44) ($0.41) ($1.02) $1.20 $0.91 $1.28 $1.58 $1.42 $1.66 $1.74 $1.89 Pretax items : Electri
Slide 10: Earnings Per Share By Year GAAP Reconciliation
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