Fourth quarter 2018 earnings call February 1, 2019
Operating earnings per share Actual versus guidance ( per share) Fourth quarter 2018 2018 4.10 0.95 4.05 0.89 3.95 Drivers vs. guidance 0.80 Operating expenses Income tax expense Depreciation Weather Cove Point in-service…
Operating EBIT Actual versus guidance ( millions) Fourth quarter 2018 2018 Operating Guidance range Actual / Operating Guidance range Actual / segment (midpoint) Drivers segment (midpoint) Drivers Power 225250 Storm Power…
2018 in review Establishing a foundation for success in 2019 and beyond Status Guidance Results Operating EPS 10% YoY growth1 12.5% increase vs. 2017 actuals 11.0% increase vs. 2017 midpoint Dividend per share 10% YoY growth2…
Operating earnings per share Guidance versus prior period actual ( per share) 2019 First quarter 2019 4.40 1.25 1.15 4.05 4.05 1.05 Drivers vs. prior period Cove Point in-service Drivers vs. prior period Southeast Energy Group…
Operating earnings per share ( per share) 5% +5.6% (weather-normalized) +4.3% (non weather-normalized) 4.054.40 4.05 Achieves 2017 to 2020 6% to 8% CAGR guidance Assumes ACP construction resumes in Q3 2019 Excludes…
2019 external financing plan Planned amount Issuer Planned financings (M) Timing DRIP 300 Throughout year Mandatory convertible Converts August 15 DEI 1,400 remarketing Remarketing Q2 Long-term debt/hybrids 1,3002,200 TBD…
Upcoming investor meetings What to expect March 25th New York City and live webcast Two distinct presentations: Session one: General update Target audience: Investor and analyst community (equity and fixed income) Asset profile…
Safety OSHA recordable incidence rate Peer average: 1.06 0.95 0.92 0.83 0.74 0.74 0.66 0.60 0.55 8% YoY improvement Company record for 2nd straight year 50% lower than peer average 2011 2012 2013 2014 2015 2016 2017…
Business updates Southeast Energy Group Pro forma footprint (select assets) Strategic and financial rationale DE electric utility Pro forma DE 95% DE Carolina Gas Trans. business risk 95% regulated/regulated-like Atlantic Coast…
Business updates Key VEPCO initiatives GTSA summary SB 1355 Coastal Virginia Strategic Grid Environmental Utility solar Coal ash off-shore wind undergrounding transformation rider 2 turbine (12MW) Undergrounding Enhanced Upgrades to…
Business updates Millstone & ACP Excludes financing costs. Please refer to page 2 for risks and uncertainties related to projections and forward looking statements. 13
Summary Safety performance set new company record for 2nd straight year 2018 operating earnings per share exceeded guidance midpoint 2019 operating earnings per share guidance midpoint implies 5.6% annual growth1 2019 dividend…