Sempra Energy Third Quarter 2020 Earnings Results November 5, 2020
Table of Contents Executive Summary T+D Infrastructure Platform High-Performance Culture 2020 Execution Business Updates Financial Update Summary 3
Executive Summary Strategic focus on T+D infrastructure in North Americas most attractive markets Committed to operational excellence and safety Continued execution of utility-centered capital plan Achieved full commercial…
T+D Infrastructure Platform Capital investments at our U.S. Utility Infrastructure businesses support strong organic growth and improved earnings visibility Earnings Growth + Visibility Projected Earnings Mix(2) Constructive…
High-Performance Culture Sempras vision, mission and values reflect a strong commitment to high performance with a focus on People Priorities Culture Path to Premier High-Performing Culture Nationally recognized leader in Diversity +…
2020 Execution Q1-2020 Q2-2020 Q3-2020 Q4-2020 Launched record Increased 20 Adj. (1) Executed 500M Guided to high end 5-year capital plan EPS guidance range share buyback of increased 20 Adj. EPS guidance range(1) Finalized FERC…
Business Updates Continuing Strong Execution During Q3 CA Utilities Launched a comprehensive sustainability strategy to advance carbon neutrality at SDG&E Clean Energy Committed to placing two green hydrogen projects into service by…
Oncor Capital Plan Update Continued organic growth in Texas drives increased five-year capital plan of 12.2B, an increase of over 60% from the 2017 regulatory commitment(1) Oncor continues to see increased Oncors 5-Year Capital Plan…
Third Quarter 2020 Results 17% increase in year-to-date adjusted EPS over the same period last year(1) Three months ended Nine months ended September 30, September 30, (Dollars, except EPS, and shares, in millions) 2020 2019 2020…
Q3-2020 Adjusted Earnings Drivers (1) (1) 425M (56M) (1) (3) 7M 380M (32M) 21M 79M (2) (32M) (29M) (3M) Q3-2019 Loss of Lower FX + Energy TX Utilities Cameron 2019 Asset Other Q3-2020 Earnings due Income Tax…
Summary Strategic focus on T+D infrastructure in North Americas most attractive markets Committed to operational excellence and safety Continued execution of utility-centered capital plan Achieved full commercial operations under…
Appendix
Key Recognitions We are proud that others have recognized our commitment to doing the right thing 2018 2019 2020 Thomson Reuters iX Global Diversity + Inclusion Wall Street Journal's Management Top 250 National Association of Corporate…
SDG&E Sustainability Strategy + Goals Announced strategy to enable an equitable transition to a cleaner energy economy and to advance carbon neutrality Do the Right Thing Champion People Shape the Future Environmental Stewardship…
Appendix Business Unit Earnings
SDG&E Three months ended Nine months ended September 30, September 30, (Unaudited, dollars in millions) 2020 2019 2020 2019 SDG&E GAAP Earnings 178 263 633 582 Retroactive Impact of 2019 GRC FD for first half of 2019 - (66) - -…
SoCalGas Three months ended Nine months ended September 30, September 30, (Unaudited, dollars in millions) 2020 2019 2020 2019 SoCalGas GAAP (Losses) Earnings (24) 143 425 437 Impacts Associated with Aliso Canyon Litigation and…
Sempra Texas Utilities Three months ended Nine months ended September 30, September 30, (Unaudited, dollars in millions) 2020 2019 2020 2019 Sempra Texas Utilities GAAP Earnings 209 212 458 419 Q3-2020 earnings are lower than…
Sempra Mexico (1) Three months ended Nine months ended September 30, September 30, (Unaudited, dollars in millions) 2020 2019 2020 2019 Sempra Mexico GAAP Earnings 50 84 302 214 Q3-2020 earnings are lower than Q3-2019…
Sempra LNG Three months ended Nine months ended September 30, September 30, (Unaudited, dollars in millions) 2020 2019 2020 2019 Sempra LNG GAAP Earnings 71 2 207 13 Q3-2020 earnings are higher than Q3-2019 primarily due to:…
Parent & Other Three months ended Nine months ended September 30, September 30, (Unaudited, dollars in millions) 2020 2019 2020 2019 Parent & Other GAAP Losses (126) (139) (515) (383) Losses from Investment in RBS Sempra Commodities…
Discontinued Operations (Sempra South American Utilities) (1) Three months ended Nine months ended September 30, September 30, (Unaudited, dollars in millions) 2020 2019 2020 2019 Discontinued Operations GAAP (Losses) Earnings…
Appendix Non-GAAP Financial Measures
Adjusted Earnings and Adjusted EPS (Unaudited) Adjusted Earnings (Losses) and Adjusted EPS exclude items (after the effects of income taxes and, if applicable, noncontrolling interests) in 2020 and 2019 as follows: In the three months…
Adjusted Earnings and Adjusted EPS (Unaudited) Income tax Income tax Pretax (benefit) Pretax expense amount expense(1) Earnings amount (benefit)(1) Earnings (Dollars in millions, except per share amounts; shares in thousands) Three…
Adjusted Earnings (Losses) by Business Units (Unaudited) (1) Three months ended September 30, 2020 Sempra Sempra (Dollars in millions) Texas Sempra Parent & Discontinued Energy SDG&E SoCalGas Utilities Mexico Sempra LNG Other…
2020 Adjusted EPS Guidance Range (Unaudited) Sempra Energy 2020 Adjusted EPS Guidance Range of 7.20 to 7.80 excludes items (after the effects of income taxes and, if applicable, noncontrolling interests) as follows: (94)M from impacts…
Projected Earnings (Losses) by Business Units (Unaudited) (Dollars, except EPS, and shares in millions) 2021 Earnings Guidance(1) North Sempra Sempra Texas U.S Sempra American Energy SDG&E SoCalGas Utilities Utilities Mexico Sempra…
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