OUR FUTURE FOCUS GREAT PLAINS ENERGY INVESTOR PRESENTATION June 2016
COMPELLING STRATEGIC AND GEOGRAPHIC FIT Combination of Great Plains Energy and Westar Energy creates a leading Midwest utility better positioned to serve customers, meet the regions energy needs, optimize investments and achieve…
COMPELLING STRATEGIC RATIONALE STRONG GEOGRAPHIC FIT AND COMPLEMENTARY OPERATIONS Contiguous service territories and complementary customer mix Existing partnerships and shared ownership of generation assets Increased access to…
FINANCIAL BENEFITS OF THE TRANSACTION Overview Expected Benefits Significant opportunities for efficiencies 65 million of efficiencies projected in Efficiencies and Team with strong track record of M&A execution, year 1 and…
SIGNIFICANT OPPORTUNITIES FOR EFFICIENCIES FROM COMPLEMENTARY OPERATIONS AND ADJACENT SERVICE TERRITORIES Combination of Great Plains Energy and Westar Energy provides significant opportunities for increased efficiency, cost…
SIGNIFICANT TARGETED EPS ACCRETION OVERVIEW OF BENEFITS GREAT PLAINS ENERGY EPS GROWTH TARGET Significant efficiencies and Potential for 0.15 to 0.25 of EPS accretion by 2020 cost savings over standalone plan (with meaningful…
TRANSACTION FACILITATES TOP TIER SHAREHOLDER RETURNS GREAT PLAINS ENERGY VS. EEI INDEX FULLY REGULATED MODEL DIFFERENTIATES GREAT PLAINS ENERGY FROM MANY INDUSTRY PEERS 1st QUARTILE 2nd QUARTILE 3rd QUARTILE 4th QUARTILE…
PRO FORMA CREDIT METRICS SUPPORTS INVESTMENT GRADE RATINGS Significant combined company free cash flow facilitates improving credit metrics over time Rating agencies confirmed solid investment grade ratings at transaction…
KEY FINANCIAL TERMS 60.00 per share Purchase Price Total equity purchase price of 8.6 billion; enterprise value of 12.2 billion 85% Cash (7.3 billion) / 15% Stock (1.3 billion) 51.00 per share cash consideration 0.2903 Great…
COMBINATION EXPANDS GEOGRAPHIC AND REGULATORY DIVERSIFICATION Standalone Great Plains Energy Standalone Westar Combined Company by Customer1 Geography KS 28% MO KS KS 40% MO 100% 60% 72% FERC FERC FERC…
ROADMAP TO CLOSE 2016 2017 Q2 Q3 Q4 Q1 Q2 Acquisition Announcement Regulatory Filings (U.S. DOJ/FTC, Kansas1, NRC, FERC) Secure Appropriate State and Federal Regulatory Approvals File Proxy Statement / Hold Special…
RATE CASE TIMELINE TRANSACTION EXPECTED TO MITIGATE RATE INCREASES OVER TIME 2016 2018 Q1 Q3 Q4 Q1 Q4 GMO general rate case filing1 Anticipated KCP&L MO general rate case filing Anticipated KCP&L KS abbreviated rate case…
SUCCESSFUL M&A TRACK RECORD AQUILA CASE STUDY STRATEGIC TRANSACTION ANNOUNCED ON FEBRUARY 7, 2007 Adjacent utility territories provided ease of integration and significant efficiency opportunities Modestly dilutive in 2008 and…
ACQUISITION ENHANCES GROWTH PROSPECTS AND PROVIDES GREATER EARNINGS STABILITY Strong geographic fit facilitates significant operating and cost efficiencies Positioned to grow EPS faster, with more predictability, while keeping…
APPENDIX INVESTOR PRESENTATION 18
GREAT PLAINS ENERGY MANAGEMENT TEAM TALENT, DEPTH AND PROVEN HISTORY OF EXECUTION Terry D. Bassham Chief Executive Officer 30 Years Kevin E. Bryant Heather A. Charles L. King Scott H. Heidtbrink Senior Vice Humphrey Charles…
OUR STRATEGIC PRIORITIES EXECUTING OUR PLAN FOR CONTINUED GROWTH Continue to promote the economic strength of the region, improve the customer experience and grow earnings BEST-IN-CLASS CUSTOMER TARGETED OPERATIONS ENGAGEMENT…
PRO FORMA COMBINED COMPANY CORPORATE STRUCTURE Great Plains Energy Baa2 / BBB Revolver Size: 200mm Kansas City Power & KCP&L Greater Missouri Westar Light Operations A2 / A1 Baa1 / BBB+ Baa2 / BBB+ Revolver Size:…
OVERVIEW OF MANDATORY CONVERTIBLE PREFERRED OCM Credit Portfolio LP (OMERS), an affiliated entity of Ontario Municipal Employees Retirement System has committed to purchase 750 million of Great Plains Energy Mandatory Convertible…
OVERVIEW OF MANDATORY CONVERTIBLE PREFERRED, CONTINUED 750 million investment by OMERS de-risks financing of Westar acquisition Mandatory convertible preferred stock to receive 100% equity treatment from the rating agencies…
INVESTOR RELATIONS INFORMATION NYSE: Great Plains Energy (GXP) CONTACT INFORMATION Lori Wright Vice President Corporate Planning, Investor Relations and Treasurer (816) 556-2506 lori.wrightkcpl.com Calvin Girard Senior Manager,…
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