FUTURE IN SIGHT
Barclays Conference September 10, 2021
Safe Harbor
Except for the historical statements contained in this presentation, the matters discussed herein are forward-looking statements that are subject to certain risks, uncertainties and assumptions. Such forward-looking statements, including the 2021 EPS guidance, long-term EPS and dividend growth rate objectives, future sales, future expenses, future tax rates, future operating performance, estimated base capital expenditures and financing plans, projected capital additions and forecasted annual revenue requirements with respect to rider filings, expected rate increases to customers, expectations and intentions regarding regulatory proceedings, and expected impact on our results of operations, financial condition and cash flows of resettlement calculations and credit losses relating to certain energy transactions, as well as assumptions and other statements are intended to be identified in this document by the words "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "objective," "outlook," "plan," "project," "possible," "potential," "should," "will," "would" and similar expressions. Actual results may vary materially. Forward-looking statements speak only as of the date they are made, and we expressly disclaim any obligation to update any forward-looking information. The following factors, in addition to those discussed in Xcel Energy's Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2020 and subsequent filings with the Securities and Exchange Commission, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: uncertainty around the impacts and duration of the COVID-19 pandemic; operational safety, including our nuclear generation facilities; successful long-term operational planning; commodity risks associated with energy markets and production; rising energy prices and fuel costs; qualified employee workforce and third- party contractor factors; ability to recover costs, changes in regulation and subsidiaries' ability to recover costs from customers; reductions in our credit ratings and the cost of maintaining certain contractual relationships; general economic conditions, including inflation rates, monetary fluctuations and their impact on capital expenditures and the ability of Xcel Energy Inc. and its subsidiaries to obtain financing on favorable terms; availability or cost of capital; our customers' and counterparties' ability to pay their debts to us; assumptions and costs relating to funding our employee benefit plans and health care benefits; our subsidiaries' ability to make dividend payments; tax laws; effects of geopolitical events, including war and acts of terrorism; cyber security threats and data security breaches; seasonal weather patterns; changes in environmental laws and regulations; climate change and other weather; natural disasters and resource depletion, including compliance with any accompanying legislative and regulatory changes; and costs of potential regulatory penalties.
Contacts
Paul Johnson | Emily Ahachich | Darin Norman | |
Vice President, Treasurer & IR | Director, Investor Relations | Senior Analyst, Investor Relations | |
612-215-4535 | 612-330-6054 | 612-337-2310 | |
paul.a.johnson@xcelenergy.com | emily.a.ahachich@xcelenergy.com | darin.norman@xcelenergy.com | |
Website: https://investors.xcelenergy.com/ | Xcel Energy app also available |
Attractive Investment Thesis
Pure-Play Regulated Utility that Consistently Delivers
~8-10%
Total Shareholder Return
CONSISTENT DELIVERY | Delivering 100% | |||
TRANSPARENT GROWTH | 5-7% | ~2.7% | ||
carbon-free electricity | ||||
LEADING ESG PROFILE | EPS Growth | Dividend Yield | by 2050 | |
5-7% | 60-70% | |||
Dividend CAGR | Payout Ratio |
2
Sound Strategy | |||
CONSISTENT DELIVERY | |||
VISION | STRATEGIC PRIORITIES | ||
We will be the preferred | CO2 | Lead the Clean Energy Transition | |
and trusted provider of the | 80% carbon reduction by 2030 | ||
energy our customers need | 100% carbon-free electricity by 2050 | ||
MISSION | Enhance the Customer Experience | ||
Conservation, new products and services, | |||
We provide our customers the safe, | |||
renewable and EV offerings | |||
clean, reliable energy services they | Keep Bills Low | ||
want and value at a competitive price |
Average bill increases <rate of inflation
VALUES | Connected | Committed | Safe | Trustworthy |
3
Strong Growth Track Record | |||||||||||||||||||||||||||||||||||
CONSISTENT DELIVERY | |||||||||||||||||||||||||||||||||||
Ongoing EPS | $2.90- | Performance Within Guidance | |||||||||||||||||||||||||||||||||
$3.00 | 2020 | ||||||||||||||||||||||||||||||||||
2019 | |||||||||||||||||||||||||||||||||||
2018 | |||||||||||||||||||||||||||||||||||
$1.15 | 2017 | ||||||||||||||||||||||||||||||||||
2016 | |||||||||||||||||||||||||||||||||||
2015 | |||||||||||||||||||||||||||||||||||
2005 | 2007 | 2009 | 2011 | 2013 | 2015 | 2017 | 2019 2021E | 2014 | |||||||||||||||||||||||||||
Guidance Range | 2013 | ||||||||||||||||||||||||||||||||||
2012 | |||||||||||||||||||||||||||||||||||
Dividend | 2011 | ||||||||||||||||||||||||||||||||||
2010 | Actual | ||||||||||||||||||||||||||||||||||
2009 | |||||||||||||||||||||||||||||||||||
Result | |||||||||||||||||||||||||||||||||||
2008 | |||||||||||||||||||||||||||||||||||
2007 | |||||||||||||||||||||||||||||||||||
2006 | |||||||||||||||||||||||||||||||||||
2005 | |||||||||||||||||||||||||||||||||||
2005 | 2007 | 2009 | 2011 | 2013 | 2015 | 2017 | 2019 | 2021 | |||||||||||||||||||||||||||
Low End | Midpoint | High End | |||||||||||||||||||||||||||||||||
Annual Increase | |||||||||||||||||||||||||||||||||||
4 | |||||||||||||||||||||||||||||||||||
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Xcel Energy Inc. published this content on 10 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 September 2021 21:11:06 UTC.