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INVESTOR UPDATE – Centerpoint Energy, Inc.

Centerpoint Energy, Inc. · May 12, 2014 · 36 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 UPDATE – Centerpoint Energy, Inc. – slide 1
    Focused on Energy Delivery, Positioned to Execute Investor Update May 2014
  2. INVESTOR UPDATE – Centerpoint Energy, Inc. – slide 2
    Investment Highlights Utility Operations with Midstream Investment Utility operations provide stability and growth Includes Houston Electric, Gas Operations, Energy Services and the parent company Target a normalized 4% to 6%…
  3. INVESTOR UPDATE – Centerpoint Energy, Inc. – slide 3
    Refreshed Vision builds on our legacy and positions us to execute Our Vision Lead the nation in delivering energy, service and value We are a leader in our industry LEAD THE Perform at industry-leading levels NATION Invest in and…
  4. INVESTOR UPDATE – Centerpoint Energy, Inc. – slide 4
    Our Strategy: Operate, Serve, Grow We intend to operate and grow innovative, customer-focused energy delivery businesses that provide superior performance OPERATE SERVE Ensure safe, reliable, efficient and Add value to energy…
  5. INVESTOR UPDATE – Centerpoint Energy, Inc. – slide 5
    Community and Awards Through December 31, 2013 Community Service 223,000 volunteer hours from employees, family, and friends valued at over 5 million 5.6 MM in total corporate charitable contributions 2.8 MM in corporate/employee…
  6. INVESTOR UPDATE – Centerpoint Energy, Inc. – slide 6
    Diversified Energy Delivery Portfolio Electric Energy Services Midstream Transmission & Natural Gas Utilities Investments Distribution Regulated wires only Regulated local gas Non-rate regulated, Enable Midstream Partners…
  7. INVESTOR UPDATE – Centerpoint Energy, Inc. – slide 7
    CenterPoint Energy Houston Electric Electric Transmission & Distribution 2014 customer growth expected to continue at 2% per year Periodic rate adjustment mechanisms mitigate regulatory lag for transmission and distribution capital…
  8. INVESTOR UPDATE – Centerpoint Energy, Inc. – slide 8
    CenterPoint Energy Resources Corp. Natural Gas Utilities 2014 annual customer growth expected to continue at 1% per year Texas and Minnesota continue to experience above average customer growth Periodic rate adjustment mechanisms…
  9. INVESTOR UPDATE – Centerpoint Energy, Inc. – slide 9
    CenterPoint Energy Resources Corp. Energy Services (CES) Competitive natural gas supply services (compliment regulated utilities) Leverage natural gas utilities open-access transportation tariffs to replicate utility services at…
  10. INVESTOR UPDATE – Centerpoint Energy, Inc. – slide 10
    Midstream Investment Enable Midstream Partners, LP Basins Bakken Areas under development IPO completed in April, units trade on NYSE as ENBL Post IPO, CenterPoint LP ownership is 54.7% Post SESH transfer, CenterPoint LP…
  11. INVESTOR UPDATE – Centerpoint Energy, Inc. – slide 11
    2014 Quarterly Financial Results investors.centerpointenergy.com
  12. INVESTOR UPDATE – Centerpoint Energy, Inc. – slide 12
    Consolidated Results 3 months ended March 31 Quarter Ended , March 31 2014 2013 Total Revenues 3,163 2,388 Expenses: Natural gas 2,043 1,224 Operation and maintenance 479 484 Depreciation and amortization 235 240 Taxes other than…
  13. INVESTOR UPDATE – Centerpoint Energy, Inc. – slide 13
    Operating Income by Segment 3 months ended March 31 (unaudited, in millions) Quarter Ended , March 31 2014 2013 Electric Transmission & Distribution: Electric Transmission and Distribution Operations 75 49 Transition and System…
  14. INVESTOR UPDATE – Centerpoint Energy, Inc. – slide 14
    Reconciliation Operating Income to Adjusted Operating Income ( in millions) March 31, 2014 12 Months Ended 3 Months 2013 2012 2011 Electric Transmission & Distribution Operating Income 105 607 639 623 Transition and System…
  15. INVESTOR UPDATE – Centerpoint Energy, Inc. – slide 15
    Q1 2014 Debt and Liquidity Schedules Details on the non-recourse Houston Electric Transition and Restoration Bond Companies can be accessed via the Companys website http://investors.centerpointenergy.com/ under Financial Information,…
  16. INVESTOR UPDATE – Centerpoint Energy, Inc. – slide 16
    Debt and Capitalization Ratios Excluding Transition and System Restoration Bonds ( in millions) March 31 December 31 2014 2013 Short-term Debt: Short-term borrowings - 43 Current portion of transition and system restoration bonds*…
  17. INVESTOR UPDATE – Centerpoint Energy, Inc. – slide 17
    Liquidity and Credit Ratings ( in millions) 1 Amount Utilized Amount Unutilized Bank Facilities Type Size at 4/15/2014 at 4/15/2014 2 CenterPoint Energy Revolver 1,200 6 1,194 2 CenterPoint Houston Electric Revolver 300 4 296…
  18. INVESTOR UPDATE – Centerpoint Energy, Inc. – slide 18
    Principal amounts of external debt As of March 31, 2014 ( in millions) CenterPoint Energy, Inc. ZENS 145(1) Senior Notes 750 Collateralized Pollution Control Bonds 118 (2) Uncollateralized Pollution Control Bonds 69 (3)…
  19. INVESTOR UPDATE – Centerpoint Energy, Inc. – slide 19
    Principal amounts of maturing external debt As of March 31, 2014 Series A Series 2008 System Series 2012 CenterPoint Transition Transition Restoration Transition Year Energy (1) CEHE CERC Sub-total Bonds (2) Bonds (2) Bonds (2)…
  20. INVESTOR UPDATE – Centerpoint Energy, Inc. – slide 20
    Principal amounts of external debt CenterPoint Energy, Inc. As of March 31, 2014 Call Feature Security Outstanding Rate Insurer Maturity Date Price Commercial Paper (1) - - - - - - 1.2 Billion Revolving Credit Facility - - -…
  21. INVESTOR UPDATE – Centerpoint Energy, Inc. – slide 21
    Principal amounts of external debt CenterPoint Energy Resources Corp. As of March 31, 2014 Call Feature Security Outstanding Rate Maturity Date Price Commercial Paper (1) - - NA NA NA 600M Revolving Credit Facility - - 09/09/18…
  22. INVESTOR UPDATE – Centerpoint Energy, Inc. – slide 22
    Principal amounts of external debt CenterPoint Energy Houston Electric, LLC As of March 31, 2014 Call Feature Security Outstanding Rate Insurer Maturity Date Price 300M Revolving Credit Facility - - - 09/09/18 Current 100 First…
  23. INVESTOR UPDATE – Centerpoint Energy, Inc. – slide 23
    Appendix investors.centerpointenergy.com 24
  24. INVESTOR UPDATE – Centerpoint Energy, Inc. – slide 24
    Year End 2013 Financial Results investors.centerpointenergy.com
  25. INVESTOR UPDATE – Centerpoint Energy, Inc. – slide 25
    2013 Financial Results May 1, 2013 midstream operating income moved to equity income (, millions) As reported, 12 months ended December 31 Operating Income Equity Income For the full year 2012, CenterPoint Energy held a 50%…
  26. INVESTOR UPDATE – Centerpoint Energy, Inc. – slide 26
    Consolidated Results 3 and 12 months ended December 31, 2013 Quarter Ended Year Ended (unaudited, in millions except per share amounts) December 31, December 31, 2013 2012 2013 2012 Revenues Electric Transmission & Distribution 637…
  27. INVESTOR UPDATE – Centerpoint Energy, Inc. – slide 27
    Operating Income (Loss) by Segment 3 and 12 months ended December 31, 2013 (unaudited, in millions) Quarter Ended December 31 Year Ended December 31 2013 2012 2013 2012 Electric Transmission & Distribution: Electric Transmission and…
  28. INVESTOR UPDATE – Centerpoint Energy, Inc. – slide 28
    Full Year 2013 Debt and Liquidity Schedules Details on the non-recourse Houston Electric Transition and Restoration Bond Companies can be accessed via the Companys website http://investors.centerpointenergy.com/ under Financial…
  29. INVESTOR UPDATE – Centerpoint Energy, Inc. – slide 29
    Debt and Capitalization Ratios Excluding Transition and System Restoration Bonds ( in millions) December 31, December 31, 2013 2012 Short-term Debt: Short-term borrowings 43 38 Current portion of transition and system restoration…
  30. INVESTOR UPDATE – Centerpoint Energy, Inc. – slide 30
    Principal amounts of maturing external debt As of December 31, 2013 (, millions) Series A Series 2008 System Series 2012 CenterPoint Transition Transition Restoration Transition Year Energy (1) CEHE CERC Sub-total Bonds (2) Bonds…
  31. INVESTOR UPDATE – Centerpoint Energy, Inc. – slide 31
    Regulatory Reference Material investors.centerpointenergy.com
  32. INVESTOR UPDATE – Centerpoint Energy, Inc. – slide 32
    State Utility Commissions Website and Electronic Filing Access Points Dockets can be obtained via the following electronic filing webpages Associated Business State State Agency Unit Website Electronic Filing Website AR Arkansas…
  33. INVESTOR UPDATE – Centerpoint Energy, Inc. – slide 33
    CenterPoint Energy Houston Electric Electric Transmission & Distribution Rate Mechanisms Most Recent Mechanism Definition/Description Filing Docket Mechanism, which can be used twice per year, that allows a transmission service…
  34. INVESTOR UPDATE – Centerpoint Energy, Inc. – slide 34
    CenterPoint Energy Resources Corp. Gas Operations Rate Mechanisms Jurisdiction Mechanism Definition/Description Recovery of capital expenditures for cast iron, bare steel, and unprotected steel main replacement and Main Replacement…
  35. INVESTOR UPDATE – Centerpoint Energy, Inc. – slide 35
    CenterPoint Energy Resources Corp. Gas Operations Rate Mechanisms Jurisdiction Mechanism Definition/Description Mechanism that will adjust rates up or down if CenterPoint's earned return on equity is more than 100 basis points…
  36. INVESTOR UPDATE – Centerpoint Energy, Inc. – slide 36
    CenterPoint Energy Resources Corp. Gas Operations Innovative Rate Mechanisms Rate mechanisms reduce rate case frequency and expense and align with conservation. 1 As of December 31, 2013 Arkansas Louisiana Minnesota Mississippi…

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