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,…
Focusing on our employees, customers and communities; positioned to deliver on our financial targets Employees Investors Ensuring the health and safety of our Reaffirming 2020 operating EPS1 guidance employees Confirming 5% 7%…
Supporting employees, customers and communities and delivering on financial targets Executing plan to achieve 2020 operating earnings1 guidance Confirming 5% 7% operating EPS growth target Driving utility growth by investing 80% of…
Distinctive continuous improvement culture drives strong track record of cost management vs. peer average All 10,000+ employees engaged in CI to Average annual percentage change in surface and solve problems O&M costs 2008 2018…
Consistently earning authorized ROE in a constructive regulatory environment Ranking of U.S. regulatory jurisdictions1 DTE Electric ROE (Michigan in tier 1) Tier 1 8 10.3% 10.3% 10.1% 10.0% 10.0% Tier 2 9 2015 2016 2017 2018…
Delivering premium results through disciplined planning and management Delivering total shareholder return2 well above History of exceeding operating EPS 1 guidance industry average 6.30 329% 241% 2.90 70% 5-Year…
Increased dividend every year since 2010; 7% dividend growth through 20211 ( per share) Annualized dividend 6.1% CAGR Increased annualized dividend per 7.1% CAGR 4.05 share every year since 2010 6.1% average increase over that…
Executing on our economic response plan Economic impact update Overall tracking below the 60 million impact originally forecasted Electric residential sales better than anticipated; commercial and industrial sales in-line with May…
On track to achieve our 2020 operating earnings 1 guidance with robust economic response plan and additional growth (millions, except EPS) 2020 guidance Primary drivers DTE Electric 759 - 773 Weather and economic response plan DTE…
Maintaining strong cash flow, balance sheet and credit profile (billions) Maintaining strong investment-grade credit rating and FFO1/Debt2 target at 18% Planned equity issuances 2020 2022 3.4 billion of available liquidity at end…
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 Electric: Distribution infrastructure, 12 cleaner…
Potential 2 billion upside to 5-year utility investment plan with visible infrastructure investment (billions) Utility investment plan 1.0 1.5 billion additional electric investments above 5-year plan Additional 2 opportunity…
DTE Electric: providing customers clean, reliable and affordable energy DTE Electric Constructive regulatory approvals provide certainty to plan General rate case order issued in May supports investment plans Order issued in…
Transformational investments in generation and distribution provide customers cleaner, more reliable energy (billions) 2020 2024 electric investment Transformational investments Cleaner energy 3 Delivering 80% carbon emissions…
Continuing to secure a greener future Net zero Wind carbon emissions by 15 wind parks 2050 Polaris is largest operating wind park in Michigan Solar 31 solar parks 80% Lapeer solar park one of the largest solar parks carbon…
DTE Gas: advancing toward net zero emissions through infrastructure investments and innovative planning DTE Gas Announced first-of-its-kind plan to reduce greenhouse gas emissions to net zero by 2050 Partnering with suppliers and…
Replacing aging infrastructure reduces methane emissions while improving performance, cost and productivity (billions) 2020 2024 gas investment Transformational investments Main renewal Minimizing leaks to reduce costs and 1.4…
Unique and comprehensive plan to achieve net zero greenhouse gas emissions Working with suppliers Aspiring to procure net zero natural gas to serve the needs of customers by 2050 Emissions reductions (Million metric tons, annually)…
Non-utility businesses complement utility growth and provide portfolio mix to manage business cycles Non-utility value creation Extension of our utility business core competencies Delivering higher than utility into other geographies…
GSP: continuing to deliver successful results; well-positioned for future growth Percentage of revenue from demand-based contracts or MVCs/flowing gas Gas Storage & Pipelines LEAP placed in-service August 1; on time 100% and under…
Delivering higher operating earnings1 with increased certainty (millions) Continued organic growth from well-positioned platforms GSP operating earnings Supported by strong contracts 9.5% CAGR Connected to power and industrial…
As associated gas supply decreases due to lower oil prices, demand for other sources of dry gas increase The quality of the resource underlying our assets ensures gas will continue to flow on our systems 2021 2023 drilling supply…
P&I: underpinned by strong growth in RNG and industrial energy services Power & Industrial Projects RNG and industrial energy services projects drive long-term growth Finalized cogeneration agreement in June Operationalized large…
Operating earnings1 are underpinned by RNG and cogeneration growth opportunities (millions) P&I operating earnings Industrial energy services Developing new cogeneration projects to 133 148 improve customer environmental…
Environmental, social and governance efforts are key priorities Environmental Delivering clean and reliable energy to customers Transitioning towards net zero greenhouse gas emissions Protecting our natural resources Social Focusing…
More than doubling renewable energy by 2024 Cleaner generation mix 1% 2% 17% 20% 25 30% Renewables 18% 20 25% Natural gas 20% 77% 20% Nuclear & other 45% 30% Coal 2005 2023E 2030E River St. Trenton Belle Monroe Rouge…
Continuing to secure a greener future for continuous generation Blue Water Energy Center Ludington Hydropower Plant 70% reduction1 in CO2 emissions 2nd largest pumped storage facility in the U.S. 95% reduction1 in SO2 and NOx…
Promoting environmental sustainability through stewardship and conservation Received Corporate Conservation Leadership award from the Wildlife Habitat Council for leadership in wildlife management 36 sites certified under the…
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; 8 consecutive Gallup Great…
World class volunteerism and community service 5,610 Volunteers 16m value of in-kind services since 2015 101,618 hours volunteered 1,335 nonprofits helped 31
Promoting employee resource groups creates an atmosphere of diversity and inclusion Black LGBTQ group Young professionals professionals group group Family Differently- Latinx oriented group abled group professionals…
Our award-winning commitment to being a top ESG employer in the country Superior corporate Company diversity Top quartile in Named as one of citizenship and customer satisfaction Americas best large community employers…
Outperforming industry average in ESG scores A 75 Continuing to make progress on ESG performance BBB 50 Improved MSCI rating from BBB to A Aspiring to be the best in the industry MSCI Sustainalytics DTE Energy Industry…
Environmental, social and governance 2020 ESG Report DTE Investor Relations www.dteenergy.com/investors 313.235.8030 35
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DTE Energy 70% 75% utility DTE Electric Electric generation and distribution DTE Gas Natural gas transmission, storage and distribution 25% 30% non-utility Gas Storage & Pipelines (GSP) Transport, store and gather natural…
Cash flow and capital expenditures guidance Cash flow Capital expenditures (billions) (millions) 2020 2020 guidance guidance Cash from operations1 3.0 DTE Electric Capital expenditures (4.5) Base infrastructure 680 Free cash flow…
DTE Electric and DTE Gas regulatory update DTE Electric DTE Gas General rate case final order (U-20561) General rate case (U-20642): filed settlement Effective: May 15, 2020 agreement July 2020 Rate recovery: 188 million Order…
Longer-term demand increases will require continued production growth through new drilling U.S. natural gas demand forecast (Bcf/d) Longer-term natural gas supply/demand fundamentals remain attractive; shorter-term gas prices 130 +2%…
It is necessary to drill 19 Bcf/d of new natural gas supply on an annual basis to hold production flat Annual decline of U.S. natural gas supply Given decline profiles of flowing wells, from currently-flowing wells (Bcf/d) new…
Well-positioned platforms provide confidence in securing highly accretive growth Platforms Regulation Phase Growth Opportunities 2.2 2.7 billion of investment in 2020 2024 Blue Union Early Gathering build-outs 1.0 billion of growth…
Blue Union and LEAP asset additions to portfolio provide great value and growth Perryville Hub Premier assets in high-quality Haynesville Carthage Hub basin Southeast Power Markets Existing fully contracted gathering system Gulf…
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…
Adjusted EBITDA and Allocated Debt are non-GAAP measures Adjusted EBITDA is calculated using net income, the most comparable GAAP measure and adding back expenses for interest, taxes, depreciation and amortization. Adjusted EBITDA also…
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