Slide 1: Third Quarter 2016 Financial Results
November 1, 2016 Third Quarter 2016 Financial Results
Slide 2: Forward-looking statements
November 1, 2016 1 Statements contained in this presentation about future performance, including, without limitation, operating results, capital expenditures, rate base growth, dividend policy, financial outlook, and other statements that are not purely historical, are forward-looking statements. Th
Slide 3: Third Quarter Earnings Summary
November 1, 2016 2 Q3 2016 Q3 2015 Variance Basic Earnings Per Share (EPS)1 SCE $1.34 $1.19 $0.15 EIX Parent & Other (0.05) (0.03) (0.02) Discontinued Operations 0.13 (0.13) Basic EPS $1.29 $1.29 $ Less: Non-Core Items SCE $ $ $ EIX Parent & Other Discontinued Operations2 0.13 (0.1
Slide 4: YTD 2016 Earnings Summary
November 1, 2016 3 YTD 2016 YTD 2015 Variance Basic Earnings Per Share (EPS)1 SCE $3.18 $3.31 $(0.13) EIX Parent & Other (0.22) (0.07) (0.15) Discontinued Operations 0.13 (0.13) Basic EPS $2.96 $3.37 $(0.41) Less: Non-Core Items SCE $ $ $ EIX Parent & Other2 0.01 0.02 (0.01) Discontinued Ope
Slide 5: Reaffirmed 2016 Core Earnings Per Share Guidance
November 1, 2016 4 $3.84 $3.91 (0.27) 0.34 SCE 2016 EPS from Rate Base Forecast SCE Variances EIX Parent & Other 2016 EIX Core EPS Guidance • Productivity and financing benefits - $0.30 • Energy efficiency - $0.04 Reaffirmed 2016 Core Earnings Per Share Guidance – Building from SCE Rate Base3 2016 E
Slide 6: Other Third Quarter Finance Topics
November 1, 2016 5 Other Third Quarter Finance Topics SCE Capital Spending and Rate Base Forecasts Unchanged • Continue to see base case of at least $4 billion of capital spending and at least $2 billion of annual rate base growth well into the next decade SCE Cost of Capital Mechanism • Moving aver
Slide 7: Appendix
November 1, 2016 6 Appendix
Slide 8: SCE Capital Expenditure Forecast – Request Level
November 1, 2016 7 SCE Capital Expenditure Forecast – Request Level Note: Forecasted capital spending includes CPUC, FERC and other spending. See Capital Expenditure/Rate Base Detailed Forecast. ($ billions) $3.8 $4.5 $5.0 $5.2 $4.9 2016 2017 2018 2019 2020 Distribution Transmission Generation Tradi
Slide 9: SCE Rate Base Forecast – Request Level
November 1, 2016 8 SCE Rate Base Forecast – Request Level • Incorporates 2015 GRC final decision, except “rate-base offset” excluded because of write off of regulatory asset related to 2012-2014 incremental tax repairs • CPUC rate base based on request levels from 2018 GRC and 2018 positive true-up
Slide 10: Earnings Non-GAAP Reconciliations
November 1, 2016 9 Earnings Non-GAAP Reconciliations Note: See Use of Non-GAAP Financial Measures ($ millions) Reconciliation of EIX GAAP Earnings to EIX Core Earnings SCE EIX Parent & Other Discontinued Operations Basic Earnings Non-Core Items SCE EIX Parent & Other Discontinued Operations Total No
Slide 11: Use of Non-GAAP Financial Measures
November 1, 2016 10 Use of Non-GAAP Financial Measures Edison International's earnings are prepared in accordance with generally accepted accounting principles used in the United States. Management uses core earnings internally for financial planning and for analysis of performance. Core earnings ar