Second Quarter 2015 Earnings Call Regulatory Update Guidance Reaffirmed Dividend to Grow with Earnings August 10, 2015
Scott Prochazka President and CEO Earnings Call Discussion Highlights Solid Second Quarter Results Utility Operations Update Midstream Investment Update investors.centerpointenergy.com 3
Second Quarter 2015 Performance Highlights Q2 GAAP EPS 0.25 0.18 0.11 0.06 0.12 0.14 2015 2014 Q2 EPS on a Guidance Basis Q2 2015 vs Q2 2014 Drivers (EPS on a Guidance Basis) 0.19 0.21 h Rate Relief i Midstream 0.06 0.11…
Midstream Investments Enable Q2 Outlook 3-7% per unit distribution growth outlook for 2016 and 2017 Enable 2016 volume growth outlook High single digit growth in natural gas gathering volumes 25% growth in natural gas processing…
Severe Storms Impacted Houston in April, May and June investors.centerpointenergy.com 6
Tracy Bridge EVP & President, Electric Division Earnings Call Discussion Highlights Electric Results Houston Growth Regulatory Update Raising our high voltage transmission towers to accommodate the new Highway US-99 corridor…
Electric Transmission and Distribution Operating Income Drivers: 2nd Quarter 2014 vs 2nd Quarter 2015 160 8 140 5 13 (5) (2) (3) 120 100 Millions 80 131 131 60 2% YoY 2% YoY 115 Customer O&M Growth1 Increase2 40…
Houston Electric: Residential Customers and Weather Normalized Residential Load vs. Houston Employment 3,500,000 35,000 Weather Normalized Residential GWH Usage Residential Customers / Houston Employment Over 2%…
Electric Transmission and Distribution: Regulatory Update Rate Filings: Expected Annual Revenue Mechanism Comments Docket Effective Date Increase - MM 13.0 Settlement unanimously approved on DCRF Sept 2015 44572 (Settlement) July…
Joe McGoldrick EVP & President, Gas Division Earnings Call Discussion Highlights Gas Operations Results Regulatory Update Minnesota Belt Line Project Energy Services Update Using horizontal directional drilling to construct and…
Natural Gas Utilities Operating Income Drivers: 2nd Quarter 2014 vs 2nd Quarter 2015 35 30 1 0 25 (5) (1) 20 Millions (6) 15 30 1% YoY 1% YoY Customer 26 O&M Growth1 Growth2 10 19 19 5 0 Q2 2014 Gas Usage,…
Natural Gas Utilities: Regulatory Update Rate Filings (in process): Expected Annual Revenue Jurisdiction Comments Docket Effective Date Increase - MM Rate case filed August 3, 2015; based Interim Rates1: 54.1 Minnesota on a 10.3%…
Minnesota Belt Line Project The Belt Line Supplies gas to more than 600,000 customers in the Minneapolis area Replaces over 60 miles of 20 and 24 coupled steel pipe installed primarily in the 1950s The project is in its 4th year…
Energy Services Operating Income Drivers: 2nd Quarter 2014 vs 2nd Quarter 2015 12 10 8 1 1 6 Millions 4 7 1.8% YoY Lower 5 Customer O&M 2 Growth3 0 Q2 2014 Energy Services Margin and Other O&M Expense Q2 2015…
Bill Rogers EVP & CFO Earnings Call Discussion Highlights Quarterly Drivers Dividend to Grow with Earnings Financing Plan Guidance Reaffirmed investors.centerpointenergy.com 16
Q2 EPS Normalization GAAP to Guidance Basis to Baseline CenterPoint Energy, Inc. and Subsidiaries Reconciliation of Net Income and diluted EPS to the basis used in providing 2015 annual earnings guidance Quarter Ended Quarter Ended…
2014 Q2 Baseline EPS to 2015 Q2 EPS on a Guidance Basis Quarter Ended Quarter Ended June 30, 2014 June 30, 2015 Net Income EPS Net Income EPS (in millions) (in millions) Consolidated as reported 107 0.25 77 0.18 Midstream…
Dividend Growth Outlook CenterPoint is targeting 4-6% annual EPS growth on a guidance basis through 2018, inclusive of Midstream Investments Annual dividend growth in line with EPS growth CenterPoints consolidated payout ratio is…
Financing Plan Utilize Debt Capacity and Limited Equity Issuance 2 Expect to source majority of financing needs through CNP has substantially reduced commercial paper borrowings and fixed rate debt leverage over the last five years…
Appendix 2
Reconciliation: Net Income and diluted EPS to the Basis Used in Providing Annual Earnings Guidance CenterPoint Energy, Inc. and Subsidiaries Reconciliation of Net Income and diluted EPS to the basis used in providing 2015 annual…
2014 EPS Reconciliation to 2015 Utility Operations Guidance Range of 0.71 to 0.75 per diluted share 2014 Fully Diluted EPS 1.42 For 2014, normalized 0.76 of fully On an adjusted guidance basis: adjusted earnings to a baseline of…
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