Sempra Energy Sempra Infrastructure Partners Update December 4, 2020
Additional Information and Where to Find It The proposed stock-for-stock exchange offer will be submitted to IEnovas shareholders for their consideration. In connection with the proposed exchange offer, Sempra Energy will file a…
Table of Contents Executive Summary Strategic Focus Strategic Rationale Infrastructure Platform Business Simplification Minority Sale Next Steps Key Takeaways 3
Executive Summary Advancing our mission to become North Americas premier energy infrastructure company Announcing the creation of a new and expanded infrastructure growth platform Simplifying our ownership in Sempra LNG and IEnova…
Sempra Strategic Focus Our strategy is focused on T+D-like investments in two business lines with a mission of becoming North Americas premier energy infrastructure company North America T+D Infrastructure Utilities…
Overview + Strategic Rationale Sempra Infrastructure Partners will be well positioned to create scale, unlock portfolio synergies, drive growth and help facilitate the global energy transition Existing Business Simplification Sempra…
Sempra Infrastructure Partners Sempras infrastructure platform integrates our business activities across contiguous markets to export natural gas to Mexico and global markets and unlock additional investment opportunities LNG Platform…
Energa Costa Azul (ECA) LNG Phase 1 (1) ECA LNG Phase 1 Sale and Purchase Agreements Overview Total Mitsui Offtake (Mtpa) 1.7 0.8 Length 20 years Terms Take-or-Pay CreditProject rendering forA+ illustration Aa3 purposes…
Renewables Portfolio Owner of one of the largest renewable portfolios in Mexico, which provides scale advantages as well as significant future growth opportunities Renewable Generation Portfolio Competitive Advantages ESJ I, II…
Step 1 Business Simplification Combining IEnova and Sempra LNG will simplify the business and create a leading energy infrastructure company with a strong balance sheet to help facilitate the global energy transition Current Structure…
Step 2 Sale of Non-Controlling Interest The sale of a non-controlling interest is expected to source a lower cost of capital, fund growth and highlight the value of the overall infrastructure portfolio Step 2 Transaction Objectives…
Key Next Steps We expect to complete this series of integrated transactions by the end of Q1-2021; below you will find a demonstrative timeline of expected key activities(1) Dec 2 Announced integrated Receive customary and…
Summary Advancing our mission to become North Americas premier energy infrastructure company Announcing the creation of a new and expanded infrastructure growth platform Simplifying our ownership in Sempra LNG and IEnova under a…
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