Investor
Presentation (Updated)
May & June 2023
Forward Looking Information, Non-GAAP Measures & Other
FORWARD-LOOKING INFORMATION
document contains "forward-looking information" statements which reflect management's current view with respect to the Company's expectations regarding future growth, results of operations, performance, carbon dioxide emissions reduction goals, business prospects and opportunities, and may not be appropriate for other purposes within the meaning of applicable Canadian securities laws. All such information and statements are made pursuant to safe harbour provisions contained in applicable securities legislation. The words "anticipates", "believes", "budget", "could", "estimates", "expects", "forecast", "intends", "may", "might", "plans", "projects", "schedule", "should", "targets", "will", "would" and similar expressions are often intended to identify forward-looking information, although not all forward-looking information contains these identifying words. The forward-looking information reflects management's current beliefs and is based on information currently available to Emera's management and should not be read as guarantees of future events, performance or results, and will not necessarily be accurate indications of whether, or the time at which, such events, performance or results will be achieved.
The forward-looking information is based on reasonable assumptions and is subject to risks, uncertainties and other factors that could cause actual results to differ materially from historical results or results anticipated by the forward-looking information.
Factors that could cause results or events to differ from current expectations include without limitation: regulatory and political risk; operating and maintenance risks; changes in economic conditions; commodity price and availability risk; liquidity and capital market risk; future dividend growth; timing and costs associated with certain capital investment; the expected impacts on Emera of challenges in the global economy; estimated energy consumption rates; maintenance of adequate insurance coverage; changes in customer energy usage patterns; developments in technology that could reduce demand for electricity; global climate change; weather; unanticipated maintenance and other expenditures; system operating and maintenance risk; derivative financial instruments and hedging; interest rate risk; inflation risk; counterparty risk; disruption of fuel supply; country risks; environmental risks; foreign exchange; regulatory and government decisions, including changes to environmental, financial reporting and tax legislation; risks associated with pension plan performance and funding requirements; loss of service area; risk of failure of information technology infrastructure and cybersecurity risks; uncertainties associated with infectious diseases, pandemics and similar public health threats, such as the COVID-19 novel coronavirus pandemic; market energy sales prices; labour relations; and availability of labour and management resources. Readers are cautioned not to place undue reliance on forward- looking information as actual results could differ materially from the plans, expectations, estimates or intentions and statements expressed in the forward-looking information. All forward- looking information in this document is qualified in its entirety by the above cautionary statements and, except as required by law.
Emera undertakes no obligation to revise or update any forward-looking information as a result of new information, future events or otherwise.
Nothing in this document should be construed as an offer or sale of securities of Emera or any other person.
NON-GAAP FINANCIAL MEASURES AND RATIOS
Emera uses financial measures and ratios that do not have standardized meaning under USGAAP and may not be comparable to similar measures presented by other entities. Emera calculates the non-GAAP measures and ratios by adjusting certain GAAP measures for specific items. Management believes excluding these items better distinguishes the ongoing operations of the business and allows investors to better understand and evaluate the business. Refer to the "Non-GAAP Financial Measures and Ratios" section of Emera's Q4 2022 MD&A which is incorporated herein by reference and can be found on SEDAR at www.sedar.com. Reconciliation to the nearest GAAP measure is included in the appendix
OTHER
Rate base is a financial measure specific to rate-regulated utilities that is not intended to represent any financial measure as defined by GAAP. The measure is required by the regulatory authorities in the jurisdictions where Emera's rate-regulated subsidiaries or equity investments operate, a summary of which can be found in our MD&A. The calculation of this measure as
presented may not be comparable to similarly titled measures | |
used by other companies. | 2 |
Table of Contents
Capital Plan | Regulatory | Appendix |
Page 14 | Page 34 | Page 44 |
Financial Highlights | ESG | Portfolio |
Page 4 | Page 22 | Page 36 |
3
Financial
Highlights
4
Emera at a Glance
$7.6B
2022 revenue1
45%
of Board Directors
$40B
total assets1
75% | 41% |
Capital plan focused in | reduction in CO₂ emissions |
Florida | since 20051,2 |
$8B - $9B | $5.3B+ |
capital committed to cleaner, | |
2023-2025 Capital Plan | reliable energy through 2025 |
1,654MW
installed renewable
capacity1. 21% increase
compared to 2021
68%
reduction in use of coal in generation (GWh) since 20051,2
nominees are women,
including our Chair5
1.05 | Injury Rate across Emera - |
10% improvement over | |
OSHA3 | five-year average of 1.151 |
$18M | Invested in our communities - |
with over $2M directed to | |
diversity initiatives1 |
4-5% | Dividend growth target |
through 2025 | |
65% | Of adjusted net income4 from |
Florida utilities |
95%+
of adjusted net income4 from regulated utilities
1 As of December 31, 2022 | |
2 Estimate | 5 |
3 Occupational Safety & Health Administration. |
- Based on 2022 adjusted net income, excluding corporate net loss of $267M. Adjusted net income is a non-GAAP measure. Please refer to appendix for reconciliation to reported earnings.
- As of Annual Meeting of Shareholders held May 24, 2023
Attachments
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Disclaimer
Emera Inc. published this content on 31 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 June 2023 11:33:10 UTC.