Dba Sempra · NYSE:SRE
Dba Sempra — Sempra Energy — Merger or Acquisition (December 2020)
15 slides from Dba Sempra's merger presentation, Dec 4, 2020
Slide 1: Filed by Sempra Energy Pursuant to Rule 425
Filed by Sempra Energy Pursuant to Rule 425 under the Securities Act of 1933 Subject Company: Sempra Energy Commission File No.: 1-14201
Slide 2: Sempra Infrastructure Partners Update
Sempra Energy Sempra Infrastructure Partners Update December 4, 2020
Slide 3: Information Regarding Forward-Looking Statements
Information Regarding Forward-Looking Statements This presentation contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks
Slide 4: Additional Information and Where to Find It
Additional Information and Where to Find It The proposed stock-for-stock exchange offer will be submitted to IEnova’s shareholders for their consideration. In connection with the proposed exchange offer, Sempra Energy will file a registration statement with the U.S. Securities and Exchange Commissio
Slide 5: Table of Contents
Table of Contents Executive Summary Strategic Focus Strategic Rationale Infrastructure Platform Business Simplification Minority Sale Next Steps Key Takeaways
Slide 6: Executive Summary
Executive Summary Advancing our mission to become North America’s premier energy infrastructure company Announcing the creation of a new and expanded infrastructure growth platform Simplifying our ownership in Sempra LNG and IEnova under a common growth platform, Sempra Infrastructure Partners Raisi
Slide 7: Sempra Strategic Focus
Sempra Strategic Focus Our strategy is focused on T+D-like investments in two business lines with a mission of becoming North America’s premier energy infrastructure company Investments in leading markets Investments expected to produce high-quality cash flows and support a strong credit profile Inv
Slide 8: Overview + Strategic Rationale
Overview + Strategic Rationale Sempra Infrastructure Partners will be well positioned to create scale, unlock portfolio synergies, drive growth and help facilitate the global energy transition A leading global player with significant scale World-class platform for LNG and renewable development Self-
Slide 9: Infrastructure Platform: LNG Platform
LNG Platform Total expected LNG export capacity in operation and development of ~45 Mtpa(1) Targeting 20-year tolling or SPA agreements to provide robust and stable cash flows(2) Natural Gas Pipelines + Energy Storage Long-term, take-or-pay U.S. dollar- denominated contracts Owner of 11 of 20 cross-
Slide 10: Energía Costa Azul (ECA) LNG Phase 1
Energía Costa Azul (ECA) LNG Phase 1(1) The ability to successfully complete LNG development projects is subject to a number of risks and uncertainties, including uncertainty relating to disruptions caused by the COVID-19 pandemic. Please also refer to “Risk Factors” and “Capital Resources and Liqui
Slide 11: Renewables Portfolio
Renewables Portfolio Includes total capacity of assets in joint ventures and projects under development. ~1.04 GW ~2.77 GW ~3.81 GW Owner of one of the largest renewable portfolios in Mexico, which provides scale advantages as well as significant future growth opportunities Among the top producers i
Slide 12: Step 1 | Business Simplification
Step | Business Simplification Assume 100% as depicted. On December 2, 2020, Sempra announced its intent to launch an exchange offer to acquire all the outstanding shares of IEnova not owned by Sempra Energy and has filed a preliminary prospectus and exchange offer documents with the Mexican Nationa
Slide 13: Step 2 | Sale of Non-Controlling Interest
Step | Sale of Non-Controlling Interest The sale of a non-controlling interest is expected to source a lower cost of capital, fund growth and highlight the value of the overall infrastructure portfolio Request board approval to make TO filing Request board approval to make TO filing Request board ap
Slide 14: Key Next Steps
Key Next Steps Actual order of events may differ. Comisión Nacional Bancaria y de Valores (CNBV) and Bolsa Mexicana de Valores, S.A.B de C.V. (BMV). We expect to complete this series of integrated transactions by the end of Q1-2021; below you will find a demonstrative timeline of expected key activi
Slide 15: Summary
Summary Advancing our mission to become North America’s premier energy infrastructure company Announcing the creation of a new and expanded infrastructure growth platform Simplifying our ownership in Sempra LNG and IEnova under a common growth platform, Sempra Infrastructure Partners Raising capital
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