DTE YEAR END 2019 EARNINGS CONFERENCE CALL FEBRUARY 5, 2020 1
Safe Harbor Statement Certain information presented herein includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to the financial condition, results of operations,…
Participants Jerry Norcia President and CEO Peter Oleksiak Senior Vice President and CFO Barbara Tuckfield Director Investor Relations 3
Strong operational and financial performance in 2019 Operating EPS1 9.0% 6.30 Delivered strong financial results in 2019 6.15 Operating EPS growth rate of 9.0% from 2018 original guidance 5.78 Exceeded original guidance…
Positioned for continued growth from strong 2020 guidance Operating EPS1 2020 operating EPS guidance midpoint provides 7.5% growth from 2019 original guidance 7.5% Well-positioned for 5% 7% operating EPS growth through 2024…
Delivering premium operating EPS 1 results through disciplined planning and management History of exceeding operating EPS guidance Robust planning Annually create detailed 5-year plan 6.30 Includes earnings contingency across…
Commitment to strong culture provides a solid framework for success Safety National Safety Councils top 2% of companies surveyed in safety culture Employee engagement Top 3% in the world by Gallup; 7 consecutive Gallup Great…
DTE Electric: infrastructure investments drive strong growth Advanced on clean energy initiatives in 2019 Accelerated carbon emissions reduction 80% carbon emissions reduction by 2040 Net zero carbon emissions by 2050 Progressed on…
DTE Gas: replacing aging infrastructure improves cost, performance and productivity Transformational investments in 2019 Completed 180 miles of main renewal Continued technology investment to reduce manual meter reads and improve…
Gas Storage & Pipelines: high-quality assets with revenue certainty is the foundation for 2019 success and long-term growth 2019 accomplishments 85% of total revenue covered by fixed Successfully integrated disciplined revenue contracts…
Power & Industrial Projects: continuing consistent growth in key focus areas 2019 accomplishments Acquired one large industrial energy services project and secured the development of two additional projects Began commercial operation…
2019 operating earnings1 variance (millions, except EPS) 2018 2019 Variance Primary drivers Rate implementation and one-time items offset by DTE Electric 669 716 47 rate base growth costs and cooler weather Rate implementation…
Continuing long track record of delivering premium shareholder returns Strong operational and financial performance in 2019; 1 well-positioned for future growth 5% 7% operating EPS1 growth through 2024 from 2 2020 base 3 7%…
CONTACT US DTE Investor Relations www.dteenergy.com/investors 313.235.8030 14
Appendix 15
Clear line of sight for growth supported by investment in utility infrastructure and disciplined non-utility opportunities (billions) 2020 2024 DTE Energy investment 19 billion 15 Electric: Distribution infrastructure, 12…
2020 operating earnings1 guidance (millions, except EPS) 2020 operating earnings guidance DTE Electric 759 - 773 DTE Gas 185 - 193 Gas Storage & Pipelines 277 - 293 Power & Industrial Projects 133 - 148 Energy Trading 15 -…
Maintaining strong cash flow, balance sheet and credit profile (billions) 1.6 billion of available liquidity at year-end Planned equity issuances 2019 2020 2022 1.3 Maintaining strong investment-grade credit rating and…
Weather impact on sales Cooling degree days DTE Electric service area Heating degree days DTE Gas service area 2018 2019 % change 4Q 2018 4Q 2019 % change Actuals 1,175 863 (27%) Actuals 2,310 2,289 (1%) Normal 803 803 0% Normal 2,182…
Cash flow and capital expenditures Cash flow Capital expenditures (billions) (millions) 2019 2020 2019 2020 actual guidance actual guidance Cash from operations1 2.6 3.0 DTE Electric Capital expenditures (6.0) (4.5) Base…
DTE Electric and DTE Gas regulatory update DTE Electric DTE Gas General rate case filed July 2019 General rate case filed November 2019 (U-20561) (U-20642) Effective: May 2020 Effective: October 2020 Rate recovery: 351 million…
2019 Energy Trading reconciliation of operating earnings 1 to economic net income (millions) Economic net income equals economic gross Energy Trading reconciliation margin3 minus O&M expenses and taxes DTE Energy management uses…
2018 2019 reconciliation of reported to operating earnings (non-GAAP) Use of Operating Earnings Information DTE Energy management believes that operating earnings provide a more meaningful representation of the companys earnings from…
2018 2019 reconciliation of reported to operating EPS (non-GAAP) Use of Operating Earnings Information DTE Energy management believes that operating earnings provide a more meaningful representation of the companys earnings from ongoing…
2008 reconciliation of reported to operating EPS (non-GAAP) Use of Operating Earnings Information DTE Energy management believes that operating earnings provide a more meaningful representation of the companys earnings from ongoing…
Reconciliation of reported to operating earnings (non-GAAP) Use of Operating Earnings Information Operating earnings exclude non-recurring items, certain mark-to-market adjustments and discontinued operations. DTE Energy management…
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