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December 2018 Investor Meetings – Dominion Energy

Dominion Energy · Dec 31, 2018 · 19 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. December 2018 Investor Meetings – Dominion Energy – slide 1
    Investor meetings December 2018
  2. December 2018 Investor Meetings – Dominion Energy – slide 2
    Dominion Energy growth profile Operating EPS guidance affirmed 5%+ 10% 6%8% CAGR 3.95 4.10 3.65 Q41: 0.800.95 YTD actual2: 3.16 YTD drivers vs. guidance Operating expenses Generation margins Tax expense/tax reform…
  3. December 2018 Investor Meetings – Dominion Energy – slide 3
    2020E operating EPS Affirmed 6%8% 20172020 CAGR 8% CAGR 8% CAGR Post-2020: 5%+ 6% CAGR 6% CAGR Drivers since original guidance 3.65 Retain 100% of Cove Point Tax-reform O&M initiatives GTSA capex DM buy-in Atlantic Coast…
  4. December 2018 Investor Meetings – Dominion Energy – slide 4
    Programmatic capital investment Supportive of earnings growth through 2020 and beyond Power Delivery Power Generation Gas Infrastructure Customer demand and The Grid Transformation and Security Act (GTSA) calls for the regulatory…
  5. December 2018 Investor Meetings – Dominion Energy – slide 5
    Strategic, financing, and business updates 6
  6. December 2018 Investor Meetings – Dominion Energy – slide 6
    Resolution expected across key initiatives 2018 2019 Initiatives September October November December January February Cove Point asset financing Non-core asset sale(s): Generation Announcement Expected close Non-core asset sale:…
  7. December 2018 Investor Meetings – Dominion Energy – slide 7
    Credit improvement initiatives complete Status Commentary Use of proceeds Closed and 3B non-recourse term loan Reduce Cove Point initial funding Strong demand parent-level financing debt completed Attractive pricing and terms…
  8. December 2018 Investor Meetings – Dominion Energy – slide 8
    Material credit-profile improvement Cash sources Benefits Moodys CFO (pre-WC) / Debt Parent-level debt 15% 3.0B 8B reduction (2 years early) 300 bps improvement 12.1% year-over-year 2.5B+ Credit metrics support existing…
  9. December 2018 Investor Meetings – Dominion Energy – slide 9
    Business updates Power Generation and Power Delivery Groups Operating segment Highlights Greensville: 98% complete; December in-service VA solar: 4th largest utility owner of solar in U.S. Power Generation Nuclear relicensing: 4B…
  10. December 2018 Investor Meetings – Dominion Energy – slide 10
    Business updates Gas Infrastructure Group Operating segment Highlights Construction continues in WV and NC VA DEQ permit received FERC Notice to Proceed for VA requested Anticipated project cost: Gas 6.5B7.0B (100% of project)…
  11. December 2018 Investor Meetings – Dominion Energy – slide 11
    Merger with SCANA Key approvals SCANA shareholders Georgia FERC FTC clearance NRC North Carolina South Carolina 6 of 7 approvals complete Please refer to page 2 for risks and uncertainties related to projections and…
  12. December 2018 Investor Meetings – Dominion Energy – slide 12
    Fixed income 13
  13. December 2018 Investor Meetings – Dominion Energy – slide 13
    Dominion Energy Current ratings Dominion Energy, Inc. Moodys S&P Fitch Ratings targets Corporate/Issuer Baa2 BBB+ BBB+ DEI: High-BBB range Senior Unsecured Debt Securities Baa2 BBB BBB+ Utility OpCo: A range Junior Subordinated Notes…
  14. December 2018 Investor Meetings – Dominion Energy – slide 14
    Dominion Energy Liquidity profile 0.5 billion 6.0 billion credit facility credit facility 3.5B sublimit DEI (CP Issuer) 1.5B DM Intercompany sublimit (Not CP Issuer) note VEPCO (CP Issuer) 0.75B sublimit Intercompany note…
  15. December 2018 Investor Meetings – Dominion Energy – slide 15
    Appendix 16
  16. December 2018 Investor Meetings – Dominion Energy – slide 16
    Dominion Energy Committed to ESG excellence Dominion Energy ESG Enhanced disclosures Status by the numbers Dedicated ESG Dominion Energy One Online and Board Committee Sustainability and Corporate Responsibility available now…
  17. December 2018 Investor Meetings – Dominion Energy – slide 17
    Dominion Energy Premier assets in premium geographies Electric Electric Utility Merchant Gas Gas distribution transmission generation generation distribution transmission NY PA UT OH PA States of VA VA VA ID WV WY OH WV MD…
  18. December 2018 Investor Meetings – Dominion Energy – slide 18
    Dominion Energy Midstream Partners (DM) Distribution and merger update Distributions October 19, 2018: Board declared 3Q 2018 cash distribution of 0.3690 per unit 5% increase over second-quarter 2018 Plan to recommend 4Q 2018…
  19. December 2018 Investor Meetings – Dominion Energy – slide 19
    Dominion Energy Contact information Website Email dominionenergy.com/investors Investor.Relationsdominionenergy.com dominionenergymidstream.com/investors Investor.Relationsdommidstream.com Investor Relations team Steven Ridge…

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