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Investor Meeting – Cms Energy

Cms Energy · Aug 26, 2014 · 24 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Investor Meeting – Cms Energy – slide 1
    Content Investor Meeting How it Works Investment August 26, 2014 Upsides Partners Passion to Improve Cross Winds Energy Park Consumers Smart Energy Program Jackson Gas Plant
  2. Investor Meeting – Cms Energy – slide 2
    HOW IT WORKS --Growing Forward Strategy . . . . Consistent financial performance Fair and timely regulation Utility Customer investment value Safe, excellent operations . . . . drives consistent, predictable…
  3. Investor Meeting – Cms Energy – slide 3
    HOW IT WORKS -- Sustainable EPS a Growth . . . . EPS 2 +7% 1.78 1.66 1.76 +6% 1.55 1.66 1.78 1.73 1.45 1.55 1.63 1.52 1.36 1.44 Original guidance 1.35 0 2010 2011 2012 2013 2014 _____ a Adjusted EPS (non-GAAP) .…
  4. Investor Meeting – Cms Energy – slide 4
    HOW IT WORKS -- Near Term . . . . A A Competitive Rates B Elections B C C Energy Law Update D Investment & EPS Growth Ten-year Conservative Plan D Big Upsides, not in plan . . . . steps ahead. 4
  5. Investor Meeting – Cms Energy – slide 5
    INVESTMENT --Catch-Up . . . . Amount (billions) 1.8 1.5 / year Peers CMS Investment Criteria: Reduces fuel cost Lowers O&M Adds customer value Meets state & federal mandates 2003 2004 2005 2006 2007 2008 2009 2010…
  6. Investor Meeting – Cms Energy – slide 6
    INVESTMENT -- Ten-Year Plan Expanding . . . . 2013-2022 Opportunity Level 10-Year Plan Amount (bils) Generation capacity PPA replacement 1.7 20+ Billion ROA return 15Billion 15 Billion Higher renewables Gas conversions &…
  7. Investor Meeting – Cms Energy – slide 7
    INVESTMENT -- Customer-Driven . . . . Clean Power Capacity Reliability Infrastructure Opportunity 2.3 Billion 1.6 Billion 4.2 Billion 5.4 Billion 5 Billion Environmental Jackson gas plant Consumers Smart Energy Gas distribution Gas…
  8. Investor Meeting – Cms Energy – slide 8
    INVESTMENT -- Capacity Opportunities . . . . Ten-year Capacity Growth Further MW 11,000 Not in plan Upside 10,000 900 PPAs Expire MW PPA 8,600 MW 1,240 MW 580 PPA 2,600 780 MW 7,500 capacity Owned 30% 8,820 800 MW 410 MW…
  9. Investor Meeting – Cms Energy – slide 9
    INVESTMENT -- MISO Zone 7 Capacity . . . . As of June 2, 2014 MISO Zones (in GW) 24.8 2.0 22.8 Reserves 3.2 7 Demand 21.6 2016 Resources 2016 Resource Expected Shortfall _____ Requirement Source: MISO . . . . shortfall…
  10. Investor Meeting – Cms Energy – slide 10
    UPSIDES -- Capacity Price Increases . . . . Today Future Scenarios Recent Contracts (mils) (mils) 55 DIG energy contract +50 9 years 250 MW 4.06 kW per month 35 +30 Upside: Capacity and energy contracts layered 5 in over…
  11. Investor Meeting – Cms Energy – slide 11
    UPSIDES -- Economic Growth . . . . Examples of New Business Top Ten (MW) Electric Gas Combination Brembo 24 MW Enbridge Energy 19 Automotive customer 10 Durolast Roofing 4 MW MSU FRIB 9 Betz Industries 8 MW Enbridge 19 MW WKW…
  12. Investor Meeting – Cms Energy – slide 12
    UPSIDES -- Grand Rapids Economic Results . . . . Economy Performance Manpower Employment Survey Best labor (Third Quarter Outlook) market in nation % Increase staffing 32% 29% 3rd best state 22% 1 City to raise a family 2…
  13. Investor Meeting – Cms Energy – slide 13
    UPSIDES -- O&M Cost Control . . . . Electric Non-fuel O&M Cost Average Annual O&M Change +6% 2013 over 2006 Peers Actual/Plan (exc 2013 major storms) +2% +2% Peers Peers Peers Peer Average up +6% CMS CMS CMS CMS CMS -1% -2%…
  14. Investor Meeting – Cms Energy – slide 14
    UPSIDES -- Customer-Focused O&M Reinvestment . . . . Sales & other 2 Adjusted EPS O&M Reinvestment: (non-GAAP) (3) Reliability (3) Parent debt prefunding (2) 2014 +18 +15 +14 +9 +9 Good choices ahead Weather 22 Cost…
  15. Investor Meeting – Cms Energy – slide 15
    PARTNERS -- Michigan Energy Law . . . . Adaptability Reliability Update Affordability Environmental protection Gov. signed new 10% renewables rate design bill by 2015 Senate workgroup Energy efficiency formed to study standards…
  16. Investor Meeting – Cms Energy – slide 16
    PARTNERS -- Michigan Governors Race . . . . Rick Snyder Republican, Incumbent Mark Schauer Democrat, Challenger On Energy... Campaign Issues On ROA Education As Senate Democratic Leader, Jobs Choice creates a lot of Mark…
  17. Investor Meeting – Cms Energy – slide 17
    PARTNERS -- Constructive Regulation . . . . Commission Tier 1 State Ranking John Quackenbush (R), 1 5 Michigan Chairman Term Ends: July 2, 2017 2 10 Sally Talberg (I) 3 18 Term Ends: July 2, 2019 4 10 Greg White (I)…
  18. Investor Meeting – Cms Energy – slide 18
    Key Takeaways . . . . EPS a Real Growth (No Resets) 2.00 7% Core Fundamentals 7% 5% +7% +7% 5% Ten-Year Visible Investment (Self-funded) +7% +8% Strong Cost Control +12% (Among best) +12% +4% Target 5% - 7% Conservative…
  19. Investor Meeting – Cms Energy – slide 19
    Appendix
  20. Investor Meeting – Cms Energy – slide 20
    Capital Expenditures 2013-2017 2018-2022 Total 2013 2014 2015 2016 2017 Subtotal Subtotal 2013-2022 (mils) (mils) (mils) (mils) (mils) (mils) (mils) (mils) New Generation (includes Renewables) 136 222 61 213 44 676 1,105 1,781…
  21. Investor Meeting – Cms Energy – slide 21
    2015 Gas Rate Case . . . . Overview Residential Gas Customer Cost Amount Amount (per day) (Mils) 3.00 Projected 9% Capital Investment 144 decrease Cost & Other (56) 2.44 Request 88 2.24 2016-2017 Investment 2.00 Recovery Mechanism…
  22. Investor Meeting – Cms Energy – slide 22
    Capacity Diversity . . . . Nuclear Oil 8% 6% Renewables 9% Coal 34% Pumped Storage 2014 11% Nuclear Gas Nuclear Oil 6% 10% 32% 8% Oil 6% Renewables Purchases 3% 3% Coal 24% Coal Renewables Pumped 41% 10% Storage…
  23. Investor Meeting – Cms Energy – slide 23
    GAAP Reconciliation
  24. Investor Meeting – Cms Energy – slide 24
    Earnings Per Share By Year GAAP Reconciliation (Unaudited) 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Reported earnings (loss) per share - GAAP (0.30) 0.64 (0.44) (0.41) (1.02) 1.20 0.91 1.28 1.58 1.42 1.66 After-tax…

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