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UBS Natural Gas Electric Power and MLP Conference – Dte Gas and Oil Company

Dte Gas and Oil Company · Feb 29, 2012 · 36 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. UBS Natural Gas Electric Power and MLP Conference – Dte Gas and Oil Company – slide 1
    UBS Natural Gas, Gas Electric Power and MLP Conference Nick Khouri, Vice President & Treasurer F b February 29, 29 2012
  2. UBS Natural Gas Electric Power and MLP Conference – Dte Gas and Oil Company – slide 2
    Overview 2011 Accomplishments Long-Term Growth Update Financial Update 3
  3. UBS Natural Gas Electric Power and MLP Conference – Dte Gas and Oil Company – slide 3
    Investment Thesis DTE Energy has a plan it believes will provide 5% - 6% long-term operating EPS growth, an attractive dividend yield and a strong balance sheet Utility growth plan driven by mandated investments Constructive…
  4. UBS Natural Gas Electric Power and MLP Conference – Dte Gas and Oil Company – slide 4
    DTE Energy is an Integrated Energy Company Strong, Stable and Complementary Non-Utility Growing Utilities Businesses 80% 80% of DTE Energys Energy s 2011 Earnings 20% 20% of DTE Energys Energy s 2011 Earnings Detroit Edison…
  5. UBS Natural Gas Electric Power and MLP Conference – Dte Gas and Oil Company – slide 5
    Overview 2011 Accomplishments Long-Term Growth Update Financial Update 6
  6. UBS Natural Gas Electric Power and MLP Conference – Dte Gas and Oil Company – slide 6
    2011 Accomplishments p Employee Higher employee engagement Engagement Five consecutive years of increased Gallup scores Five consecutive years of increased Gallup scores DTE ranks in the 71st percentile * Improved safety…
  7. UBS Natural Gas Electric Power and MLP Conference – Dte Gas and Oil Company – slide 7
    2011 Accomplishments p (continued) ( ) Regulatory Constructive outcome in Detroit Edison rate case C t ti t i D t it Edi t Solid political and regulatory context continues to support utility investments Growth First major…
  8. UBS Natural Gas Electric Power and MLP Conference – Dte Gas and Oil Company – slide 8
    Overview 2011 Accomplishments Long-Term Growth Update Financial Update 9
  9. UBS Natural Gas Electric Power and MLP Conference – Dte Gas and Oil Company – slide 9
    DTE E Energy E i Earnings G th Growth Targeting 5% - 6% Long-Term Operating EPS Growth From 2012 Guidance Midpoint DTE Energy Operating Earnings Per Share* Guidance G idance 3.80** 3.73 3.60 3.30 2.89 2008A 2009A…
  10. UBS Natural Gas Electric Power and MLP Conference – Dte Gas and Oil Company – slide 10
    Detroit Edison Investment Profile, Profile 2012 2016 Base Environmental Renewable Energy & Infrastructure* ast uctu e Compliance Co p a ce Energy e gy Efficiency c e cy 4 billion 1.3 - 1.8 billion 900 million Investments to…
  11. UBS Natural Gas Electric Power and MLP Conference – Dte Gas and Oil Company – slide 11
    Detroit Edison R Renewable bl Energy E Update U d t Gratiot Wind Energy gy Michigan g Thumb Wind Projects j First Spinning Detroit Edison Turbine, Nov. 2011 Foundation Construction for Wind Turbine 212 MW project scheduled…
  12. UBS Natural Gas Electric Power and MLP Conference – Dte Gas and Oil Company – slide 12
    MichCon Investment Profile, Profile 2012 2016 Base Main Meter Capital Cap ta Renewal e e a Move-out o e out 675 million 250 million 115 million Strengthen and expand 670 mile main replacement over Move out 27,000 meters…
  13. UBS Natural Gas Electric Power and MLP Conference – Dte Gas and Oil Company – slide 13
    Non-Utility Growth Driven by Investments in Bluestone and Reduced Emissions Fuel (REF) Growth projects driving earnings potential of 225 million by 2016 (millions) Gas Storage & Pipeline Power & Industrial Projects 125 Operating…
  14. UBS Natural Gas Electric Power and MLP Conference – Dte Gas and Oil Company – slide 14
    Gas Storage and Pipeline D l DevelopmenttU d t Update Bluestone Pipeline & Gathering Millennium Pipeline 280 million investment First 2 mainline expansions on Phase 1 (including initial line late 2012 and 2013 gathering) inservice…
  15. UBS Natural Gas Electric Power and MLP Conference – Dte Gas and Oil Company – slide 15
    Power & Industrial Projects Reduced Emission Fuels Development Update Significant value and strong contribution for next 10 years 2011 Status 2012 Plan 2013 2021 Outlook 3 units in service at Optimize operations and Detroit…
  16. UBS Natural Gas Electric Power and MLP Conference – Dte Gas and Oil Company – slide 16
    Overview 2011 Accomplishments Long-Term Growth Update Financial Update 17
  17. UBS Natural Gas Electric Power and MLP Conference – Dte Gas and Oil Company – slide 17
    Continuous Improvement Efforts Offsetting Inflation and Oth Costs Other C t Utility Operations and Maintenance Expense* ( millions) 1,900 350 1,635 Target 1,550 1,590** 1,550 2005 2006 2007 2008 2009 2010 2011 2012E…
  18. UBS Natural Gas Electric Power and MLP Conference – Dte Gas and Oil Company – slide 18
    Michigan Economy Continues to Show Signs of I Improvementt % Michigan Unemployment Detroit Edison Sales 14 Declining* g Improving p g (Temperature Normal Territory Sales GWh) 12 10 53,770 49,894 8 48,280 Other 6…
  19. UBS Natural Gas Electric Power and MLP Conference – Dte Gas and Oil Company – slide 19
    2012 Operating Earnings Guidance* Guidance 2011 2012 (millions, except EPS) Actual* Guidance* 2012 Drivers Full year rate order impact at lower ROE, 2011 one-time tax Detroit Edison 443 438 448 items and increased earnings from…
  20. UBS Natural Gas Electric Power and MLP Conference – Dte Gas and Oil Company – slide 20
    DTE Energy 2012 Cash Flow Guidance C h Flow Cash Fl S Summary 2012 D Drivers i (billions) 2011 2012 Actual Guidance 2012 cash from operations slightly lower than 2011 driven by higher VEBA contributions and federal tax payments…
  21. UBS Natural Gas Electric Power and MLP Conference – Dte Gas and Oil Company – slide 21
    DTE Energy 2012 Capital Expenditure Guidance Capital Expenditures Summary 2012 Drivers (millions) 2011 2012 Detroit Edison Actual Guidance Increased operational investment for improved Detroit Edison generation and distribution…
  22. UBS Natural Gas Electric Power and MLP Conference – Dte Gas and Oil Company – slide 22
    Strong Balance Sheet Supports Growth Leverage* Target 50% - 52% A strong balance sheet remains a key priority 51% 51% 50% Leverage and cash flow metrics within targeted ranges 2010 2011 2012E Refinanced over 1 billion of debt…
  23. UBS Natural Gas Electric Power and MLP Conference – Dte Gas and Oil Company – slide 23
    Dividend is Well Supported Dividend Yield (as of February 2012) DTE Energy Annualized Dividend 6% 2.35 5% 4 4% 4.4% 2.24 4% 2.12 3% 2% 1% 0% TEG VVC SO PNW NI WEC CMS NVE CNP WR LNT…
  24. UBS Natural Gas Electric Power and MLP Conference – Dte Gas and Oil Company – slide 24
    Contact Us DTE Energy Investor Relations www.dteenergy.com/investors 313-235-8030 25
  25. UBS Natural Gas Electric Power and MLP Conference – Dte Gas and Oil Company – slide 25
    Appendix
  26. UBS Natural Gas Electric Power and MLP Conference – Dte Gas and Oil Company – slide 26
    Mi hi Michigan Public P bli Service S i Commission C i i (MPSC) The Michigan Public Service Commission is composed of three members appointed by the Governor with the advice and consent of the Senate. Commissioners are…
  27. UBS Natural Gas Electric Power and MLP Conference – Dte Gas and Oil Company – slide 27
    Gas Storage & Pipeline: Overview Vector Pipeline 40% Fully contracted (6 year avg avg. term) 348 miles of pipe; 120,000 H.P. of compression at five stations Millennium Pipeline 26.25% Storage 100% contracted ( 10 year avg.…
  28. UBS Natural Gas Electric Power and MLP Conference – Dte Gas and Oil Company – slide 28
    2011 Operating Earnings Variance Operating Earnings* Drivers ( millions, except EPS) 2010 2011 Change Detroit Edison Detroit Edison 438 443 5 Rate increase partially offset by increased maintenance activity MichCon 107 110 3…
  29. UBS Natural Gas Electric Power and MLP Conference – Dte Gas and Oil Company – slide 29
    Barnett Shale Operating Metrics Reserves (Bcfe) Acreage Position (000s Acres) 2011 Results 87 21 new wells on-line, 2 in progress 555 559 70 17 Net Production of 5.1 Bcfe (54% liquids) 201 186 Proved Developed 58% increase in oil…
  30. UBS Natural Gas Electric Power and MLP Conference – Dte Gas and Oil Company – slide 30
    Unconventional Gas: Barnett Shale Assets F d on M Focused bl F Marble ll Oil Pl Falls Play Oil and NGLs* driving value Revenue by product (%) Focus on maturing Marble Falls oil play Oil 52% Wells confirming resource play…
  31. UBS Natural Gas Electric Power and MLP Conference – Dte Gas and Oil Company – slide 31
    DTE Energy Trading Reconciliation of O ti E Operating i * tto E Earnings* i N Economic Nett IIncome ( millions) 52 (5) Energy Trading Operating 47 E Earnings* i * Economic net income ( millions, after-tax) equals economic…
  32. UBS Natural Gas Electric Power and MLP Conference – Dte Gas and Oil Company – slide 32
    Reconciliation of 2011 Reported t O to Operating ti Earnings E i Use of Operating Earnings Information DTE Energy management believes that operating earnings provide a more meaningful representation of the companys earnings from…
  33. UBS Natural Gas Electric Power and MLP Conference – Dte Gas and Oil Company – slide 33
    Reconciliation of 2010 Reported t O to Operating ti Earnings E i Use of Operating Earnings Information DTE Energy management believes that operating earnings provide a more meaningful representation of the companys earnings from…
  34. UBS Natural Gas Electric Power and MLP Conference – Dte Gas and Oil Company – slide 34
    Reconciliation of 2009 Reported t O to Operating ti Earnings E i Use of Operating Earnings Information DTE Energy management believes that operating earnings provide a more meaningful representation of the companys earnings from…
  35. UBS Natural Gas Electric Power and MLP Conference – Dte Gas and Oil Company – slide 35
    Reconciliation of 2008 Reported t Operating to O ti Earnings E i Use of Operating Earnings Information DTE Energy management believes that operating earnings provide a more meaningful representation of the companys earnings from…
  36. UBS Natural Gas Electric Power and MLP Conference – Dte Gas and Oil Company – slide 36
    Reconciliation of Other Reported t O to Operating ti Earnings E i Use of Operating Earnings Information DTE Energy management believes that operating earnings provide a more meaningful representation of the companys earnings from…

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