Strategy Jeff Martin, Chairman and Chief Executive Officer March 27, 2019
As a 21st century energy company, we are all about inspiring people, using innovation to optimize processes and leveraging technology to strengthen energy infrastructure and empower customers 2
PATH TO PREMIER OUR VISION Deliver energy with purpose World class safety Energy choice, security and reliability OUR MISSION Become North Americas premier energy infrastructure company Innovation and technology OUR VALUES Do the…
Energy Infrastructure Platforms Our focused electric and natural gas infrastructure platforms provide visibility to predictable, high-quality earnings and cash flows with similar risk profiles 9%(1) projected rate base CAGR Natural…
Key Priority Focus on the Most Attractive Markets 1 2017 GDP(2) 2 3 (3) United States China Sempra's Markets Supportive demographic trends Strong business fundamentals 2018 assets 2019 assets(1) Constructive regulatory…
Key Priority Focus on the Most Attractive Markets 1 2017 GDP(1) 2 3 (2) United States China Sempra's Markets Supportive demographic trends Strong business fundamentals Constructive regulatory environments Meaningful…
Well-Positioned for Continued Success Targeted Attractive Strong demographic trends Operate in 3 of the top 15 global economies(1) Markets Good business fundamentals Earn via strong authorized returns and long-term contracts…
Well-Positioned for Continued Success High Risk Cyclical Electric Natural Gas Targeted Attractive Value Chain Value Chain Markets Declining Risk Profile Power Generation Exploration + Production Power Purchasing + Tolling…
Well-Positioned for Continued Success Targeted Attractive Attractive returns with similar T+D-like risk profiles Markets U.S. dollar-denominated long-term contracts 90% of 5-year planned capital spend at U.S. utilities Focus on…
Superior Total Shareholder Return (1),(2),(3) 832% Sempra Long-term focus in changing market environments TSR Acquired Managed Sold Texas coal- Energa Costa Azul (ECA) Completed Sunrise Sold Rockies Acquired interest Announced 800%…
Significant Progress Made on Our Strategic Initiatives Strategic Initiative Status Result Identified areas of improvements + 1 Conduct a bottoms-up review of each business reinforced competitive advantages Reorganized operating…
Market Recognition Dow Jones Sustainability World + North America Indices Dow Jones Utility Index MSCI Global Sustainability Index Mexican Stock Exchange Sustainability Index EY Global Top U.S. Utility in Global Diversity Scores…
Sempras Goals by 2023 Path to Premier An investment in Sempra is a commitment to the transition to a cleaner energy future through investments in electric and natural gas infrastructure 1 Recognized 50% California, Texas, Mexico…
Appendix 14
Index Membership (1) Sempra is a member of over 150 indices, including ESG and sustainability-oriented portfolios FTSE Developed Core Infrastructure Macquarie Global Infrastructure S&P 500 Index S&P 500 Ex Financial Index Solactive…
U.S. Utilities Patti Wagner, Group President U.S. Utilities March 27, 2019
U.S. Utilities Path to Premier PATH TO PREMIER Sempra is dedicated to building, developing and operating safe, clean and reliable electric and natural gas infrastructure that serves World class safety over 10% of the U.S. population…
U.S. Utilities Strong Macro Fundamentals California Largest economy in the U.S. and the fifth largest in the world with a GDP of 2.7 trillion(1) Projected gross state product and housing growth are 2% and 7% CAGRs through 2021,…
U.S. Utilities California Policy Regulatory Update Recognition that current liability rules need to be amended to support long-term solutions for the state Legislative Blue Ribbon Commission appointed in January 2019 with a required…
U.S. Utilities Industry Leading Safety Culture All three U.S. utilities have improved their safety 1 metrics year-over-year SDG&E received the EEI 2018 Edison Award for 2 investments in grid resiliency and fire risk mitigation…
U.S. Utilities Goals By 2023 We continue to focus on critical infrastructure investments to help ensure safe, reliable energy delivery to our customers while enabling us to achieve strong financial and operational results 1.8 billion…
U.S. Utilities SDG&E Kevin Sagara, Chairman and CEO San Diego Gas & Electric March 27, 2019
SDG&E Utility Overview Overview Service Territory Electric Clean Technologies 11% 11% Over 2,000 miles of 35,000 Electric transmission lines(1) Vehicles (EVs)(4) 89% Nearly 24,000 miles of 1,600 EV chargers(5) distribution…
SDG&E Strategy Complements Policy Safety + Operational Excellence Clean Energy Customer Choice Public safety + risk-management are CA policy continues to advance Energy landscape is evolving critical priorities aggressive clean…
SDG&E Macro Drivers (1),(2) 500,000 SDG&E is committed to achieving the states rigorous RPS 80000 200000 goals and GHG emissions reductions Electric Vehicles 180000 70000 in SDG&E Service Territory Transportation sector…
SDG&E Capital Plan Drives Projected Rate Base Growth Over 80% of investments in 5-Year Plan are Over 50% of projected rate base is FERC and to enhance safety and mitigate wildfire risk natural gas assets(3) 2019-2023 Capital Plan…
SDG&E Operational Efficiencies Electric residential bill below peer average SDG&E has demonstrated strong performance in Average Residential Electric Bill(1) capturing efficiencies in electric O&M costs(3) 160 140 Since 2013, SDG&Es…
SDG&E Project Spotlight Wildfire Risk Mitigation Leading Practices Highlights Safety Culture Cross-functional wildfire risk mitigation governance structure 1.5B in capital spending and operational Extensive workforce wildfire…
SDG&E Project Spotlight Wildfire Mitigation Future Enhancements Operations + Engineering Accelerate infrastructure hardening efforts in high fire-threat districts and wildland urban interfaces Deploy utility microgrids for energy…
SDG&E Path to Premier Projected Earnings Path to Premier Support Sempras vision of becoming North Americas 670M - 720M premier energy infrastructure company by delivering clean, safe and reliable energy to 3.7 million consumers…
Appendix 10
SDG&E 2019-2023 Capital Plan (1),(2) 2019 - 2023 Capital Plan (B) 6.4B - 7.1B Total FERC Base, including: Modernize electric transmission lines and substation infrastructure 1.4 1.5 Fire hardening to support public safety…
SDG&E Incremental Capital Investments Potential investments incremental to 2019 - 2023 Capital Plan and beyond Potential Incremental (1) Descriptions Status Investment (M) Rebuild substations, modernize aging infrastructure and…
SDG&E Operational Excellence Operating Metrics Financial Metrics 1.79(1) 2018 Earnings 669M Safety Incidents 20% better compared to other California IOUs(2) 2018 Achieved Return 11.5% 60.4 min (3) on Common Equity Electric…
U.S. Utilities Oncor Allen Nye, CEO Oncor March 27, 2019
Oncor Company Overview Overview Service Territory Strategic View Invests in long-lived assets; wires only; T+D risk profile; no commodity, generation or retail customer exposure Goal of becoming the premier electric delivery…
Oncor Macro Drivers Texas Market Service Territory Overview 10th largest economy in the world 2nd largest economy in the U.S.(1) 1,000+ substations, 137,000+ miles of combined T&D lines Population Growth 2% premise growth; 1.5% load…
Oncor Capital Plan Drives Projected Rate Base Growth We improve lives, build communities and grow our state by providing safe, reliable and affordable electric service 20192023 Capital Plan(B)(1),(2) Rate Base(3) 10.6 Billion 18.8…
Oncor Benchmarking Performance Low Cost Provider in Texas Key Facts(2) 11% 11% Total Residential Wires Charges Top decile T+D O&M per MWh sold (ERCOT IOUs)(1) 59.82 Top decile T+D gross plant in service 89% 58.55 Top decile gross…
Oncor Project Spotlight Far West Texas Transmission Infrastructure to Support West Texas Oil and Gas Production and Renewable Generation Growth The Far West Texas region (including Winkler, Ward, Reeves, Loving and Culberson…
Oncor Project Spotlight Arlington Entertainment District Investing in Redevelopment Activities in Core Areas Similar Investments All Across Our System Arlington is home to the Texas Rangers, AT&T Stadium and UT Arlington The…
Oncor Project Spotlight System Automation + Predictive Modeling Investing in a Self-Healing Grid to Improve Reliability for Customers Predictive Modeling: Driving Value for Customers 600M project expected to be completed by 2026 Uses…
Oncor Path to Premier Projected Earnings(1),(2) Path to Premier 470M - 510M 1 Largest T+D in Texas 435M - 475M Serving high growth areas including DFW 2 Metroplex and Permian Basin 3 10.6B 2019-2023 capital plan(2),(3) 4…
Appendix 10
Oncor 2019-2023 Capital Plan (1),(2) 10.6B 10.6 2019 2023 Capex Plan (B) Transmission Expansion 4.9 Transmission Maintenance 0.9 Distribution Expansion 2.1 Distribution Maintenance 1.6 Automation 0.4 Information…
Oncor Incremental Capital Investments (1) Potential investments incremental to 2019 - 2023 Capital Plan and beyond Potential Incremental Descriptions Investment (M)(2) Transmission Expansion Greenfield and brownfield projects…
Oncor Constructive Regulatory Environment + Timely Recovery of Investments Transmission Cost of Service (TCOS) Interim TCOS Update - twice per year Reflects net new transmission investment and related depreciation, FIT and other…
InfraREIT Acquisition PUCT Timeline (1) Date Event November 30, 2018 Oncor, Sempra, and Sharyland filed Sale, Transfer and Merger (STM) Application January 4, 2019 Intervention Deadline March 5, 2019 Intervenor Direct…
U.S. Utilities SoCalGas Bret Lane, CEO Southern California Gas Company March 27, 2019
SoCalGas Utility Overview Overview Service Territory Largest natural gas local distribution company (LDC)(1) in North America with 22 million consumers Transmission(2) 3,500 miles of transmission pipeline Distribution(3) Nearly…
SoCalGas Macro Drivers Los Angeles, Long Beach, Anaheim GDP Growth ( Trillions) (1) CA Economy Highlights 1.20 Southern CA has the largest manufacturing base in the U.S. 1.00 and is highly dependent upon natural gas as its energy…
SoCalGas Macro Drivers Natural gas complements renewable energy and plays a critical role in Californias electric reliability goals Renewable solar generation during daylight hours reduces net demand for power generation and results in…
SoCalGas Strategy Complements Policy Safety + Operational Excellence Clean Energy Customer Choice Duty to furnish and maintain: State has set aggressive climate Affordability Efficient and reasonable service goals with a focus on…
SoCalGas System of the Future (1) Maximizing the value of SoCalGas unique size and scale to deliver cleaner energy over time Present 2030 - 2050 Renewable Natural Liquified Natural Gas Distributed Energy Carbon Capture Natural…
SoCalGas Capital Plan Drives Projected Rate Base Growth We strive to improve lives and communities by building the cleanest, safest and most reliable energy infrastructure in America 90% of capital plan is related to safety and…
SoCalGas Operational Efficiencies 5th lowest residential gas bill among peers SoCalGas has demonstrated above-average performance in 120 capturing efficiencies in O&M costs(2) Average Residential Gas Bill(1) 100 Since 2013, SoCalGas…
SoCalGas Project Spotlight Gas Technology Innovations and Enhancements Leak Detection Technologies Drone-based small unmanned aerial systems Mobile vehicle leak surveys using methane sensing technologies and Geographic Information…
SoCalGas Project Spotlight Distribution Manage the safety, integrity and reliability of our natural Overview gas distribution system through proactive, risk-based Distribution Integrity Management Program (DIMP) replacement and…
SoCalGas Project Spotlight Transmission Manage the safety, integrity and reliability of our natural Overview gas transmission system through proactive, risk-based Transmission Integrity Management Program (TIMP) replacement and…
SoCalGas Project Spotlight Storage Overview Manage the safety, integrity and reliability of Four natural gas storage fields with working capacity of over 130 Bcf(1) our natural gas storage Storage Integrity Management Program (SIMP)…
SoCalGas Path to Premier Projected Earnings Path to Premier SoCalGas is the largest natural gas LDC(1) in North America 465M - 515M Manage safety, integrity and reliability through proactive, risk-based replacement and mitigation…
Appendix 14
SoCalGas 2019-2023 Capital Plan (1),(2) 6.1B - 6.8B 2019 - 2023 Capital Plan (B) Total CPUC Gas, including: Base distribution, transmission and storage enhancements Gas transmission, distribution and storage integrity…
SoCalGas Incremental Capital Investments Potential investments incremental to 2019 2023 Capital Plan and beyond Potential Incremental (1) Descriptions Status Investment (M) Mobile Home Park Program OIR to expand beyond current…
SoCalGas Operational Excellence Operating Metrics Financial Metrics Safety Incidents 2.95(1) 2018 Adjusted 422M Earnings(5) Replaced 215 miles of pipe to enhance distribution system 2018 Adjusted Pipeline Safety Assessed 300…
Sempra North American Infrastructure Carlos Ruiz Sacristn, Chairman and CEO Sempra North American Infrastructure March 27, 2019
Sempra North American Infrastructure Path to Premier PATH TO PREMIER Develop, build and operate electric and natural gas infrastructure in World class safety North America to provide safe and reliable energy, increase energy…
Sempra LNG Projected Future Energy Demand Growth (65) Mtoe (30) Mtoe 480 2,165 Mtoe Mtoe 485 485 Mtoe 270 Mtoe Energy demand is projected to grow rapidly in Asia through 2040 while the U.S. is projected to be a net…
Sempra LNG Future of Natural Gas Projected World Energy Growth 2016 2040(1) 48 Natural gas is projected to grow the most of any energy type through 2040(1) 34 There are several factors driving this demand, including: Quadrillion…
Sempra LNG Mid-2020s, LNG Demand Expected to Outpace Supply (1) LNG Supply + Demand LNG demand is expected to grow 75% from 2019 600 through 2035 500 400 This growth is projected to be led by Asia (2) 300 Asia Energy…
Sempra LNG U.S. Expected to be LNG Supply Leader (1) Projected LNG Supply by Top Countries 152 143 141 Global LNG supply is currently spread across 19 countries Current largest supplier is Qatar with over 75 Mpta of 109 supply…
IEnova Mexico is an Attractive Market Mexico is among the largest economies in the world 11th most populated country: 125 million inhabitants(1) and expected to reach 150 million by 2050(2) 13th largest territory with 1.9 million…
IEnova New Political Environment 1 President Andrs Manuel Lpez Obrador, from the MORENA party, won the election and took office on December 1st New energy agenda is focused on providing nationwide access to affordable energy and…
IEnova Strategy Constructive relationships with government Asset Reliable Address specific diversification partner energy infrastructure problems Promote Mexicos Reinforce development communication strategy 9
Sempra North American Infrastructure Goals by 2023 45 Mtpa (1) 400-450 BBB+ (3) LNG Export Capacity in Operation or Construction Million (2) Strong LNG Customer Credit Ratings Annual Full Run-Rate Earnings at Cameron LNG…
IEnova Tania Ortiz Mena, CEO IEnova March 27, 2019
IEnova Overview Territory Overview(1) Territory Map Transportation Fourteen natural gas, LPG, and ethane pipeline systems 2,500+ km Distribution Three gas distribution systems serving 123,000 meters Storage LNG 320,000 m3 LPG…
IEnova A Leader in Energy Infrastructure in Mexico 1st energy company listed on the Mexican Stock Exchange Constructive relationships 1st energy company to be part of the Sustainability Index with government 1 in Natural Gas…
IEnova A Leading Developer of Private Refined Product Storage Committed investment in 6 new storage terminals: U.S.920M(1) Baja Refinados Refined Product Inventory Days(3) Capacity: 1,000,000 barrels 56 COD: 4Q 2020 Veracruz…
IEnova Strong, Diversified Growth Revenue by Customer Business Diversification Adjusted EBITDA(3) 2018(1) 2018(2) (U.S. millions) 1,100 861 850 CFE LNG CENAGAS Power 600 PEMEX Distribution 350 278 Non- Government…
IEnova 2019 Capital Plan IEnova has a strong track record of growing its business since the IPO 2019 Capital Plan (U.S.M) Total Assets(1) (3) (in US billions) Joint Ventures: (2) 70 9.7 Marine pipeline 9.2 8.6 Power: 7.5 Don…
IEnova Path to Premier 45 billion of potential opportunities in Mexico through 2025(1) Path to Premier U.S.10B Leading Mexican energy infrastructure Liquids 1 company Gathering Processing Storage Pipelines U.S.25B 2 Diversified…
Appendix 8
IEnova Path to Premier (1) For more than 20 years, IEnova has been successfully delivering growth Acquisition of El Pasos 1996 2010 Mexican Assets, including 2000 2002 2003 2008 2009 50% stake in GdC(2) Sonora Pipeline Gas…
Sempra LNG Justin Bird, President Sempra LNG Lisa Glatch, Chief Operating Officer Sempra LNG March 27, 2019
Sempra LNG Building the Premier North American LNG Company (1) Sempras LNG platform is well-positioned to address the growing LNG market Europe Projected LNG Demand Mtpa(3) Asia Projected LNG 128 Demand Mtpa(2) 50 412 2018…
Sempra LNG Unlocking North Americas Energy Potential Five strategically located, world-class LNG project opportunities with 45 Mtpa(1) of LNG capacity to supply global markets Cameron LNG Port Arthur LNG ECA LNG Phase 1 (trains 1 - 3)…
Sempra LNG Experienced LNG Developer and Operator Sempra has a substantial track record of developing and operating North American LNG infrastructure Sempra has developed over 12 billion of LNG infrastructure over the past 15 years…
Sempra LNG Experienced Partner in LNG Industry Sempra LNG has considerable experience forming strategic alliances in the LNG industry LNG Development LNG Regasification LNG Marketing 5
Sempra LNG Cameron LNG Phase 1 (1) World class safety 70 million hours worked without a lost- time incident Superior operational and commercial readiness - people, processes, systems and culture Train 1 commissioning process…
Sempra LNG Cameron LNG Generates Strong Cash Flows (1) Nearly 12B of expected cash distributions from Cameron, net of debt service(2) 1.0 Projected Annual Cash Distributions (B) 0.5 0.0 2020 2023 2026 2029 2032 2035…
Sempra LNG Cameron LNG Phase 1 + Expansion Opportunities (1) Brownfield site with expansion opportunities Cameron LNG Phase 2 Project Rendering Cameron Phase 1 expected to Area for additional be substantially complete in…
Sempra LNG Port Arthur LNG Phase 1 Opportunity (1) Large site with significant expansion upside(1) for future development Phase 1 two train development with projected offtake of 11 Mtpa(2) Bechtel performing FEED to support…
Sempra LNG ECA LNG Phase 1 Signed HOAs (1) Brownfield project with premium west coast location is uniquely positioned to provide cost-competitive LNG to Asia Pretreatment Area 2.4 Mtpa of signed HOAs Gateway to ECA LNG Phase 2…
Sempra LNG ECA LNG Phase 2 Opportunity (1) Phase 1 Projected offtake of 12 Mtpa(2) Phase 2 One additional LNG tank for a total of Ma terial Off-Loading F a cility 480,000 m3 of LNG storage Liquefaction Trains Pretreatment…
Sempra LNG Path to Premier Large market demand driven by the transition to cleaner fuels PATH TO PREMIER 1 and energy security World class safety Abundant U.S. natural gas supply allows North America to be at 2 the center of the…
Appendix
LNG Opportunities Overview (1) Nameplate (3) Opportunities (2) Offtake Status Capacity Train 1 construction complete Cameron Phase 1 15 Mtpa 12 Mtpa Train 1 commissioning and startup underway FERC permits received Cameron…
Financial Trevor Mihalik, Executive Vice President and Chief Financial Officer March 27, 2019
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