NextEra Energy, Inc. · NYSE:NEE
NextEra Energy — Investor Day (June 2024)
161 slides from NextEra Energy's investor day presentation, Jun 11, 2024
Slide 1: Investor Conference 2024 NextEra Energy
Investor Conference 2024 NextEra Energy June 11, 2024 NextEra Energy 1
Slide 2: Cautionary Statements And Risk Factors That May Affect Future Results
Cautionary Statements And Risk Factors That May Affect Future Results This presentation includes forward-looking statements within the meaning of the federal securities laws. Actual results could differ materially from such forward-looking statements. The factors that could cause actual results to d
Slide 3: Agenda
Agenda 1. Welcome Kristin Rose 2. Introduction & Overview John Ketchum 3. Florida Power & Light Armando Pimentel, Christopher Chapel, Scott Bores 4. Break 5. NextEra Energy Resources Rebecca Kujawa, Petter Skantze, Matt Roskot 6. Summary & Financial Outlook Brian Bolster 7. Question & Answer Executi
Slide 4: Introduction & Overview
Investor Conference 2024 Introduction & Overview John Ketchum Chairman and CEO June 11, 2024 NextEra Energy 4
Slide 5: NextEra Energy is powered by two industry-leading companies
NextEra Energy is powered by two industry-leading companies, strengthened by a common platform ~$253 B Enterprise Value1 ~69 GW in Operations2 Largest electric utility World leader in in the U.S. renewables and storage Renewables and Storage Power Delivery & Transmission Market Knowledge Fossil Gene
Slide 6: We have delivered on our financial commitments and business expansion
We have delivered on our financial commitments and business expansion 2022 Investor Conference Objectives Performance1 • Grow adjusted EPS by 6%-8% per year >11% ~10% • Dividend growth of 10% per year adjusted EPS dividend per share CAGR CAGR • Maintain balance sheet strength • Deliver superior cust
Slide 7: The power sector is at an inflection point
The power sector is at an inflection point Historical Going Forward U.S. 5-year load growth Flat power demand forecast jumps ~81% year over year1 ~3x renewables and storage growth in next Two-fold renewables Renewables growth growth: asset retirements 7 years vs. from asset retirements + load growth
Slide 8: Electricity will be required to power a new economy driven by technology
Electricity will be required to power a new economy driven by technology Technology is disrupting every industry Power and technology New technologies require more electricity to are power industries and homes converging A new Industrial Revolution is occurring – one powered by electricity NextEra E
Slide 9: NextEra Energy is leveraging technology across its business
NextEra Energy is leveraging technology across its business We are leveraging data and technology to reshape how power is generated and delivered Technology is the next We have decades of data giving us significant frontier of competitive advantages power We use technology to change how the industry
Slide 10: Our value story
Our value story Electricity demand is at an inflection point, driven by a convergence of power 1 and technology 2 We are uniquely positioned by our scale, experience and technology 3 We consistently deliver and outperform, defining what is possible in power 4 Going forward, we expect to continue our
Slide 11: Electricity demand is at an inflection point
1 Electricity demand is at an inflection point, driven by a convergence of power and technology NextEra Energy 11
Slide 12: U.S. power demand is expected to grow ~38% over the next two decades
1 U.S. power demand is expected to grow ~38% over the next two decades U.S. power demand, thousand TWh1 +38% ~4x increase in growth 5.3 ~4x increase in 4.8 power demand growth in the 4.4 next ~20 years +9% 4.0 vs. prior 3.8 3.8 3.8 3.8 ~20 years1 3.5 2000 2005 2010 2015 2020 2025 2030 2035 2040 Hist
Slide 13: Power and technology are converging to drive demand growth across multiple sectors
1 Power and technology are converging to drive demand growth across multiple sectors Industrial Manufacturing Technology & Home, Transport Electrification Onshoring Data Centers and Fuels NextEra Energy 13
Slide 14: Recent utility load growth estimates reflect widespread multi-sector power demand
1 Recent utility load growth estimates reflect widespread multi-sector power demand Energy Demand Growth through 20291 Idaho Power Company: NSPM2: 2.7% to 5.3% (0.8 GW) 0.3% to 2.0% (1.3 GW) PacifiCorp: Dominion: 0.7% to 3.9% (3.3 GW) 1.8% to 3.4% (5.8 GW) PGE2: Duke Carolinas: 0.9% to 1.6% (0.6 GW)
Slide 15: Florida continues to experience substantial load growth
1 Florida continues to experience substantial load growth 3rd largest1 and one of the fastest- Florida GDP Forecast5 Trillions, in real 2017 dollars growing U.S. states ~44% increase $1.8 Home to four of the five fastest- growing U.S. metro areas2 $1.5 $1.3 14th largest economy in the world3 4th bes
Slide 16: Renewables are advantaged
1 Renewables are advantaged Estimated Costs of Firmed Generation Resources, 20301 $/MWh New Onshore Low Cost $25 - $50 Wind New Solar $40 - $60 Fast to Deploy New Natural Gas Combined Cycle $70 - $95 New Natural Gas Combined Cycle with $115 - $125 Carbon Capture2 2035 Small $115 - $140 Module Reacto
Slide 17: Alternative new-build generation sources are not as well positioned
1 Alternative new-build generation sources are not as well positioned to meet growing power needs New Gas Peaking Plant Capex $/kW ~80% increase ~$1,025 Natural gas price volatility ~$575 Natural gas pipeline constraints 20211 2028 2 EPA regulations uncertainty and broader regulatory risk New Gas Co
Slide 18: Demand growth will be led by low-cost, renewable solutions
1 We believe demand growth will be led by low-cost, renewable solutions Renewables and Storage Additions1 Generation Capacity Mix1 3x growth 18% 43% 2023 2030 1.3 TW 1.6 TW ~375-450 GW ~140 GW Last 7 years Next 7 years Wind, Solar & Storage All Other Generation 1. Historical: EIA Inventory of Operat
Slide 19: Storage will be co-located with renewables to provide firming capacity
1 Storage will be co-located with renewables to provide firming capacity Storage Additions1 Largest owned and operated 3x – 6x growth storage portfolio in the U.S.2 ~375-450 Long-term co-located storage opportunity set of >50 GW by end of 20273 ~50-85 GW ~140 34 GW of interconnect queue ~15 GW posit
Slide 20: We have the sites, technology and experience to solve transmission challenges
1 We have the sites, technology and experience necessary to solve transmission challenges Challenge Solution Increased demand with Interconnect-ready sites limited interconnects Lack of long-term Data and advanced analytics to transmission planning design transmission solutions Lack of transmission
Slide 21: We are uniquely positioned by our scale, experience and technology
2 We are uniquely positioned by our scale, experience and technology NextEra Energy 21
Slide 22: Our unmatched scale, experience and technology enables superior returns
2 Our unmatched scale, experience and technology enables predictable, superior returns Transmission & Development Distribution Data & Analytics Supply Chain & EPC Best Origination & Team Financing Customer Relationships Portfolio Optimization Operations NextEra Energy 22
Slide 23: FPL is building the utility of the future
2 FPL is building the utility of the future Powering one of America’s fastest-growing states Expertise across all types of generation Industry-leading transmission capabilities Deploying automated technologies to lower costs NextEra Energy 23
Slide 24: NextEra Energy Resources is the world leader in renewables and storage
2 NextEra Energy Resources is the world leader in renewables and storage Leverage proprietary data and AI to pick and operate the best sites Expertise developing ~300 GW pipeline1 Speed-to-market from our 150 GW1 interconnect queue sites1 and our existing 30 GW assets2 Relationships from decades of
Slide 25: Our combined utility and renewables DNA creates unmatched competitive advantages
2 Our combined utility and renewables DNA creates unmatched competitive advantages We understand every part of the energy Top 20 U.S. Renewables Operators by Capacity1 value chain GW (2023) 34 We are focused on our customers We are low cost and top-decile operators 20 We deeply understand power and
Slide 26: Competitive advantages benefit Florida as new renewables and storage are lowest cost
2 Our competitive advantages are expected to benefit Florida as new renewables and storage are the lowest cost option for customers FPL Solar and Storage Capacity1 GW 30 GW ~20% CAGR 5 GW 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 Solar Storage 1. Based on FPL’s 2024 Ten-Year Site Plan N
Slide 27: Our competitive advantages will expand as we grow the portfolio
2 Our competitive advantages will expand as we significantly grow the portfolio Scale, experience and technology grows as the renewables and NextEra Energy storage portfolio grows expects to own Lowering costs of renewables and ~81 GW storage inside and outside of Florida of combined renewables Expa
Slide 28: Our team's experience sets us apart
2 Our team’s experience sets us apart Best Team & Culture Market Transmission Customer In The Industry Knowledge Relationships • 9 of 10 years awarded one • 25+ years building and • A leading competitive • Largest U.S. electric utility of the most trusted utilities1 operating renewables transmission
Slide 29: We have expertise developing and operating all technologies
2 We have expertise developing and operating all technologies Wind, Solar, Storage Fleet Nuclear Fleet Fossil Fleet 37 GW1 6 GW1 27 GW1 • World leader in renewables and • All sites hold INPO 1 rating2 • One of the largest gas fleets in storage the U.S. • Industry leader in O&M cost per • Solar and w
Slide 30: Technology is the next frontier of power
2 Technology is the next frontier of power, and we are well positioned to lead We have scale in data and the expertise to harness that data Proprietary in-house weather measuring network Daily in-house analysis of Leading in-house analytics team and software design professionals 560 B+ data points P
Slide 31: We leverage our scale to manage common industry challenges
2 We leverage our scale, experience and technology to manage common industry challenges Common industry challenges Our solution Labor shortages Contract EPC up to 3 years in advance Secured critical electrical equipment Critical equipment delays into 2028 Tariffs and trade policy Global supplier net
Slide 32: Committed to maintaining the strength of our market-leading balance sheet
2 We are committed to maintaining the strength of our market-leading balance sheet Access to Multiple One of the Cost Tax equity and capital with capital strongest of capital tax credit relationships recycling balance advantages transferability across avenues sheets in the 85+ banks sector with an t
Slide 33: We consistently deliver and outperform
3 We consistently deliver and outperform, leading what is possible in power NextEra Energy 33
Slide 34: FPL focuses on productivity and smart capital investments
3 FPL focuses on productivity and pursues smart capital investments to deliver for customers FPL 30 Years of Non-Fuel O&M $/MWh1 Bills 37% below the national average2 $40 $37.97 FPL ~70% better than industry average $35 ~66% better reliability than national $30 average3 $25 One of the cleanest and m
Slide 35: NextEra Energy Resources is extending its leadership position
3 NextEra Energy Resources is extending its leadership position in renewables and storage 2022-2023 U.S. Installed Renewables #1 wind, solar and storage developer in GW1 the world 10 Leader in Renewables with 9 ~20% installed market share1 8 A leader in competitive transmission 7 6 Leading energy da
Slide 36: Record safety year in 2023 and record cost-savings effort in 2024
3 We never stop improving with a record safety year in 2023 and a record cost-savings effort in 2024 Safety Project Velocity OSHA Recordable Rate Cumulative Base O&M Savings Millions $2,819 100+ AI projects being 2.2 ~90% improvement in advanced safety performance 0.2 $29 2003 2005 2007 2009 2011 20
Slide 37: We have a long track record of financial performance
3 We have a long track record of financial performance 20-Year Performance Adjusted Earnings Per Share Dividends Per Share Operating Cash Flow 20-Year Total Shareholder Billions Return1 1739% ~9% CAGR ~10% CAGR ~8% CAGR $1.87 $11.3 $3.17 543% 598% $0.62 $0.30 $2.3 2003 2023 2003 2023 2003 2023 NEE S
Slide 38: Our performance has provided a balance of predictability and growth
3 Our performance has provided a balance of predictability and growth 5-year 10-year 15-year 2018 - 2023 2013 - 2023 2008 - 2023 12.7% 12.5% 11.4% 2.2% 10.5% Annual Value 2.7% 8.8% 8.3% 8.1% 8.4% 3.1% Performance: 2.1% 2.0% 6.8% 3.2% 1.8% 3.5% Dividend Yield1 10.5% 9.8% 3.8% + 6.8% 8.3% 8.4% 6.3% Ad
Slide 39: Our growth strategy made us an industry leader
3 Our disciplined, customer-focused growth strategy made us an industry leader Top 15 Global Utility Equity Market Capitalization1 As of 6/1/2001 (Million) As of 5/31/2024 (Million) Rank Market Cap Rank Market Cap 1 $38,574 1 $164,404 NextEra Energy 2 $38,185 2 $87,627 3 $34,476 3 $84,375 4 $34,111
Slide 40: Going forward, we expect to continue our track record of strong performance
4 Going forward, we expect to continue our track record of strong performance NextEra Energy 40
Slide 41: Our capital investment strategy is focused on long-term, consistent revenues
4 Our capital investment strategy is focused on long-term, consistent revenues and superior returns >70%1 <30%1 Rate-regulated return Primarily long-term on capital invested in a contracted investments constructive regulatory with A- counterparty environment credit rating on average FPL & Other Regu
Slide 42: We expect to continue our long track record of creating value for shareholders
4 We expect to continue our long track record of creating value for shareholders Adjusted earnings per share expectations1,2 Dividend per share1,2 Operating cash flow expectations1 Billions At or above adjusted ~10% EPS growth rate 6%-8% 3.85 - 4.32 15 - 16 3.63 - 4.00 3.45 - 3.70 3.23 - 3.43 3.17 1
Slide 43: Our model is unmatched: Key Takeaways
Our model is unmatched, providing an attractive long-term Key Takeaways value proposition for shareholders A power and technology convergence is reshaping demand for and delivery of electricity in the U.S. We have unmatched scale, experience and technology that differentiates us in meeting customer
Slide 44: Florida Power & Light Company
Investor Conference 2024 Florida Power & Light Company June 11, 2024 Florida Power & Light 44
Slide 45: FPL is well positioned to power Florida's economy
As the nation’s leading electric utility, FPL is well positioned to power Florida’s economy into the future Largest electric utility in the U.S. with ~5.9 MM customer accounts ~35 GW in operation1 Making smart capital investments for the benefit of customers Areas Served by FPL Natural Gas Nuclear D
Slide 46: We achieved the key objectives we set at our 2022 Investor Conference
We achieved the key objectives we set at our 2022 Investor Conference 2022 Investor Conference Objectives Performance Capital • Execute smart capital investments ~12% Investment to benefit customers CAGR in regulatory capital employed1 Operational ~41% • Maintain best-in-class non-fuel O&M better no
Slide 47: Florida Power & Light Company key themes
Florida Power & Light Company key themes 1 Florida demand is growing – and this trend is expected to continue 2 We are well-positioned through our low-cost, reliable customer value proposition 3 Our scale, experience and technology allow us to continue to deliver superior customer value 4 Our smart
Slide 48: Florida demand is growing
1 Florida demand is growing – and this trend is expected to continue Florida Power & Light 48
Slide 49: Florida continues to experience substantial growth
1 Florida continues to experience substantial growth Florida GDP Forecast1 3rd largest2 and one of the Trillions, in real 2017 dollars fastest-growing states ~44% increase $1.8 $1.6 trillion Florida GDP1 $1.5 $1.3 14th largest economy in the world3 2023 2030 2040 4th best state to do business in 202
Slide 50: Florida's economy continues to drive population growth
1 Florida’s healthy economy continues to drive population growth – ~1,000 people move to Florida every day Florida Population Growth1 A top inbound state2 and best business Millions tax climate3 for 10 consecutive years ~45% increase 27.1 24.9 No individual state income taxes 22.7 21.6 18.9 Low unem
Slide 51: Florida's favorable business climate is driving new demand
1 Florida’s favorable business climate is driving new demand across sectors Florida Demand Drivers Organic growth Electrification Advanced computing Florida Power & Light 51
Slide 52: Low-cost, reliable customer value proposition
2 We are well positioned through our low-cost, reliable customer value proposition Florida Power & Light 52
Slide 53: FPL is recognized as one of the nation's best electric providers
2 FPL is recognized as one of the nation’s best and most innovative electric providers Generation Modernizations Generation Mix MWh Nuclear Generation 6% 1% 19% 35% 20% Utility-Scale Solar Deployment 2003 2023 18% Battery Storage Utilization 73% 6% 22% T&D Hardening & Undergrounding Smart Grid Devic
Slide 54: FPL is one of the nation's most efficient generators with one of the cleanest fleets
2 FPL is one of the nation’s most efficient generators with one of the cleanest fleets CO2 Emissions Profile GOOD SOX Emissions Profile GOOD NOX Emissions Profile GOOD lbs/MWh lbs/MWh lbs/MWh ~37% >99% ~91% reduction reduction reduction 988 2.870 1.240 621 0.111 0.005 20031 2023 20031 2023 20031 202
Slide 55: Smart capital investments reduced O&M and saved customers nearly $16 B in fuel
2 Our smart capital investments have reduced O&M expenses and saved customers nearly $16 B in fuel costs since 2001 Operating Expenses Fuel Savings Base O&M Expenses1 GOOD Cumulative Fuel Savings2 Billions Billions GOOD ~(1.2%) ~8.7% $15.5 $1.5 CAGR CAGR $1.4 $6.8 2013 2023 2013 2023 1. Excludes cla
Slide 56: We have deployed nearly $62 B of capital while maintaining low customer bills
2 Our strategy has allowed us to deploy nearly $62 B of capital while maintaining low customer bills Capital Employed Typical 1,000 kWh Residential Customer Bill Capital Employed1 Typical Monthly Customer Bill2 GOOD Billions GOOD $61.9 ~1.8% CAGR ~10.6% $121.19 CAGR $99.95 $22.7 2013 2023 2014 2024
Slide 57: Smart investments minimize impacts to customer bills
2 Our smart capital investments and focus on O&M continue to minimize impacts to customer bills Change vs. 20141,2 Battery Solar Storage +48% +41% +37% +36% +30% +21% (53%) Other Cable & Food National Medical FPL Utility Satellite TV Average Care (71%) Services Electric Bills 1. Other utility servic
Slide 58: Scale, experience and technology deliver superior customer value
3 Our scale, experience and technology allow us to continue to deliver superior customer value Florida Power & Light 58
Slide 59: Scale, experience and technology drive our customer value proposition
3 Our scale, experience and technology drive our customer value proposition Scale Experience Technology • Largest electric • First utility to • Centralized control utility in the U.S. modernize the fossil centers fleet • ~5.9 MM customer • Drones equipped accounts • Over 15 years of with LiDAR senso
Slide 60: Customers benefit from the scale of the combined NextEra Energy platform
3 Our customers benefit from the scale of the combined NextEra Energy platform Typical 1,000 kWh Residential Customer Bill1 GOOD $193 Better pricing and terms on critical $157 equipment $121 Massive data resources that support generation and grid planning National Sample FL IOU Average FPL 2 Better
Slide 61: Best-in-class non-fuel O&M saves customers over $3 B per year
3 Our best-in-class non-fuel O&M position saves customers over $3 B per year versus average utilities Operational Cost Effectiveness1 GOOD Operational Cost Effectiveness1 GOOD $/MWh Non-Fuel O&M $/MWh Non-Fuel O&M $100 $37.97 ~70% lower National Average 2022: $37.97 $20.00 $11.59 FPL 2014: $14.84 FP
Slide 62: Data-driven development processes optimize new generation sites
3 Data-driven development processes ensure new generation sites are optimized for the benefit of customers Analytics and automation support Strategic land acquisition Optimized project design and construction Low-cost operations Florida Power & Light 62
Slide 63: Efficient operations enabled by scale, experience and technology
3 Efficient operations are enabled by our scale, experience and technology Power Generation Control Centers Centralized generation operations enables 24x7 remote monitoring 6+ MM data points per second Enhanced outage management AI-enabled predictive analytics Florida Power & Light 63
Slide 64: Our distribution expertise delivers superior customer value
3 Our distribution expertise allows us to deliver superior customer value Power Distribution Control Centers Centralized distribution operations enables Real-time grid monitoring Optimized resource allocation Efficient outage management Massive data collection for AI Florida Power & Light 64
Slide 65: Hardening and smart technology enable safe, quick storm response
3 Hardening, undergrounding and smart technology enable us to respond to storms safely and quickly Storm Restoration Days Hurricane Ian was the fifth strongest GOOD storm to ever hit the continental U.S. 100% ~2.1 MM FPL customers affected 80% All fossil and nuclear plants online 60% Charley, Catego
Slide 66: Technology supports efficient inspection and restoration
3 Technology supports efficient equipment inspection and restoration, while reducing costs FPL AirOne Drones support Efficient equipment inspections Safety culture in the field Making smarter decisions faster Improved emergency response Florida Power & Light 66
Slide 67: Our use of technology has made our grid smarter and stronger
3 Our use of technology has made our grid smarter and stronger Smart Grid Technology Smart grid technology avoided 43 MM minutes of outages in 2023 13 MM outages since 2011 Florida Power & Light 67
Slide 68: We deliver reliable electricity in good weather and bad
3 We deliver reliable electricity in good weather and bad, while keeping customer bills low Outage Minutes Frequency of Interruptions SAIDI1 GOOD SAIFI2 GOOD Average Minutes Average Number of Interruptions ~(3.8%) CAGR ~(4.4%) CAGR 1.1 65.6 44.5 0.7 2013 2023 2013 2023 ~66% better than ~22% better t
Slide 69: Our unwavering commitment to safety
3 Our unwavering commitment to safety is the core of our culture OSHA Rate GOOD ~(7.9%) CAGR 2013 2023 Florida Power & Light 69
Slide 70: We will continue to innovate and deploy emerging technologies
3 We will continue to innovate and deploy emerging technologies to enhance our customer value proposition Generation Transmission & Distribution Alternative panel and battery Advanced switches and controls chemistries Longer-duration storage systems Higher capacity conductors Supply chain diversific
Slide 71: Enterprise-wide AI initiative is unlocking O&M savings
Florida 3 Power & Light Our enterprise-wide AI initiative is already unlocking O&M savings – with much more to come Power Delivery Service Planner AI Assistant AI supports Access to engineering data Efficient project management Enhanced customer interactions Florida Power & Light 71
Slide 72: Efficient, technology-based customer service
Florida 3 Power & Light We continue to provide efficient, technology-based customer service Account Summary Energy Management Easily view and pay your bill Track time-correlated energy use Florida Power & Light 72
Slide 73: In-house innovation hub grows startups in Florida
3 Our in-house innovation hub grows startups and supports entrepreneurship in Florida 35 Mules Innovation Hub From 2020-2023, Cohorts 1 and 2 Graduated 13 startups Piloted 2 technologies with FPL Nationally recognized award- winning program Collaborated with more than 20 statewide partners Florida P
Slide 74: We give back to our communities
3 We give back to our communities and support our local economies Collaborate with partners across our service area to recruit companies, jobs and capital investment to the state FPL is focused on promoting volunteerism as well as investing in the education and development of our next generation of
Slide 75: Smart investments improve our customer value proposition
4 Our smart investments continue to improve our industry-leading customer value proposition Florida Power & Light 75
Slide 76: FPL will continue to invest in assets that improve customer value
4 FPL will continue to invest in assets that improve our customer value proposition Projected Capital Expenditures, 2024-20271 Billions $8.8-$9.8 $8.0-$8.8 $8.0-$8.8 ~$34-$37 B 2024E 2025E 2026E-2027E Transmission & Distribution Annual Average Solar & Storage Other Generation Other (including Nuclea
Slide 77: We plan to invest ~$12 B in solar from 2024-2027
4 We plan to invest ~$12 B in solar from 2024-2027 as it continues to be the most cost-effective generation resource for customers Generation Mix Operating Solar Sites1 MWh 6% 1% 20% 38% 42% 2023 2033E2 73% 1% 19% Areas Served by FPL Natural Gas Nuclear Solar & Storage Purchased Power Operating Sola
Slide 78: We plan to invest ~$1.5 B in storage from 2024-2027
4 We plan to invest ~$1.5 B in storage from 2024-2027 to provide operational flexibility and enhance reliability for our customers Battery Capacity1 MW Manatee Battery (409 MW) remains one of the largest solar- ~25% powered batteries in the U.S. CAGR 4,491 In the last 12 months, FPL has nearly doubl
Slide 79: Projected solar and storage build aligned with 2022 targets
4 Our projected solar and storage build is aligned with the targets we outlined at the 2022 Investor Conference Cumulative Solar and Storage Additions1 Clean Energy Milestones2 GW ~8 GW ~100 GW 100% 30 83% 62% 52% 36% 5 2023 2025E 2027E 2029E 2031E 2033E 2025 2030 2035 2040 2045 Existing Solar Solar
Slide 80: We plan to invest $13-$15 B in T&D from 2024-2027
4 We plan to invest $13-$15 B in T&D from 2024-2027 to support growth and improve system reliability and resiliency through various cost recovery mechanisms Storm Protection Plan Status1 T&D O&M Cost per Customer2 GOOD $240 4% 2% 24% 45% Transmission Feeders Laterals 12% 53% $60 64% 96% FPL National
Slide 81: Our voluntary programs continue to be embraced by customers
D 4 Our voluntary programs continue to be embraced by customers Florida has the second largest1 EV market in the U.S., presenting a significant opportunity for load growth at FPL FPL offers voluntary EV programs to support In-home Commercial the many ways that EV drivers want to charge residential &
Slide 82: FPL's 25 MW green hydrogen pilot
D 4 FPL’s 25 MW green hydrogen pilot reflects our culture of innovation FPL’s hydrogen hub has been operating since December 2023 Solar energy from adjacent Cavendish Solar is powering five electrolyzers to produce and store hydrogen onsite Hydrogen replaces a portion of the natural gas used at the
Slide 83: Capturing future data center expansion in Florida
4 FPL’s superior customer value proposition enables us to capture future data center expansion in Florida Low-Cost Power 50 data centers currently operating in FPL territory Reliable Service 45 prospects have expressed interest Clean Generation Florida Power & Light 83
Slide 84: Track record and growth outlook make a solid investment proposition
4 Our track record coupled with our strong growth outlook make for a solid investment proposition Effects of Growth at FPL FPL Earnings Equation Capital Employed More Customers X Greater Capital Employed Equity Ratio X Higher Revenue Requirements Return on Equity More Increased Reserve Reserve Surpl
Slide 85: Growth reinforces the virtuous cycle
4 Our growth reinforces the virtuous cycle, enhancing our best-in-class customer value proposition Regulatory Capital Employed1 Billions Superior Customer Value ~9% CAGR $83.0-$86.0 Strong Virtuous Customer Financial Circle Satisfaction Position $49.3 Constructive Regulatory Environment 2021 2027E 1
Slide 86: FPL Key Takeaways
FPL Key Takeaways Key Takeaways Strong customer growth and new demand for power create opportunities for expansion and innovation Our customer focus and Florida’s constructive regulatory environment enable us to deliver a leading value proposition Our scale, experience and technology enable us to ke
Slide 87: NextEra Energy Resources
Investor Conference 2024 NextEra Energy Resources June 11, 2024 NextEra Energy Resources 87
Slide 88: NextEra Energy Resources is the leading North American clean energy company
NextEra Energy Resources is the leading North American clean energy company ~34 GW1 of generation and storage in operation 19% Solar 7% Nuclear Wind 60% 8% Storage 4% Natural Gas 2% Other States with Project(s) in Operation Wind World leader in wind, solar and storage Natural Gas Nuclear Universal S
Slide 89: We achieved the key objectives we set at our 2022 Investor Conference
We achieved the key objectives we set at our 2022 Investor Conference 2022 Investor Conference Objectives Performance1 • Lead the electrification and decarbonization of the ~18 GW2 Origination U.S. economy Renewables & storage origination • Continue to build North America’s leading renewables >10 GW
Slide 90: NextEra Energy Resources has a long track record of execution
NextEra Energy Resources has a long track record of execution Adjusted Earnings Adjusted EBITDA1 Billions Billions $2.8 $8.0 ~15% ~14% CAGR CAGR $0.2 $0.6 2003 2023 2003 2023 1. See Appendix for definition of Adjusted EBITDA by Asset Category NextEra Energy Resources 90
Slide 91: NextEra Energy Resources Key Themes
NextEra Energy Resources Key Themes 1 Unprecedented demand is creating a new paradigm in power 2 Our unmatched scale, experience and technology position us well 3 Our leading operating portfolio provides significant option value 4 We have a proven track record of delivering superior returns and grow
Slide 92: Unprecedented demand is creating a new paradigm in power
1 Unprecedented demand is creating a new paradigm in power NextEra Energy Resources 92
Slide 93: We have entered a new paradigm for the power sector
1 We have entered a new paradigm for the power sector Now we have BOTH… Accelerating demand growth AND Transformation toward lower-cost clean energy solutions …at the SAME time NextEra Energy Resources 93
Slide 94: Load growth has materialized quickly across many parts of the U.S. economy
1 After decades of flat demand, load growth has materialized quickly and across many parts of the U.S. economy Manufacturing Oil & Gas Data Centers Annual U.S. Manufacturing Permian Basin Load U.S. Data Center Demand3 Construction Spend1 Demand for Oil & Gas2 GW Billions GW $250 20 60 18 ~4X 50 15%
Slide 95: Renewables and storage are positioned for growth due to lower costs and speed
1 Renewables and storage are positioned for growth due to their lower costs and speed to market advantages Estimated Costs of Firmed Generation Resources, Renewables & storage represent ~90% of 20301 active interconnection queue positions3 $/MWh New Onshore $25 - $50 Least cost Wind energy and capac
Slide 96: Generation capacity is expected to nearly double by 2040
1 Generation capacity is expected to nearly double by 2040 into an already constrained grid; a deep understanding of both generation AND transmission is critically important Transmission investment will be required2 U.S. Installed Capacity1 GW ~1.8X by 2040 2,132 1,607 1,139 1,212 500kV Lines 2010 2
Slide 97: Success will require delivering physical solutions to specific locations
1 Success in the future will require delivering physical solutions to specific locations to serve growing load Historically Today and in the Future Renewables growth driven by economic Projects are required to be in replacement and state mandates specific locations at the right time Resources were a
Slide 98: A systems approach is necessary to deploy renewables and storage at scale
1 A systems approach is necessary to deploy renewables and storage at scale Speed to Market Ability to Execute Scale NextEra Energy Resources 98
Slide 99: Our unmatched scale, experience and technology position us well
2 Our unmatched scale, experience and technology position us well NextEra Energy Resources 99
Slide 100: Our scale, experience and technology are unmatched
2 Our scale, experience and technology are unmatched Development Development Transmission Transmission Data & Technology Data & Technology Supply Chain & EPC Supply Chain & EPC Origination Origination Financing Financing Portfolio Optimization Portfolio Optimization Operations Operations NextEra Ene
Slide 101: Our industry-leading development pipeline gives us a critical advantage
2 Our industry-leading development pipeline gives us a critical advantage in meeting customer needs ~300 GW The Right Project pipeline1 Screening Diligencing ~150 GW The Right Place queue positions1 Early-Stage Late-Stage The Right Time Backlog 1. As of June 11, 2024 NextEra Energy Resources 101
Slide 102: Proprietary tools and data sets enable superior site selection
2 We have developed proprietary tools and data sets that enable superior site selection 30+ million land clusters evaluated nightly on ~100 attributes NextEra Energy Resources 102
Slide 103: Transmission experience and AI-driven tools guide where we connect to the grid
2 Deep experience in transmission, combined with AI-driven tools, guide where we connect to the grid Transmission Siting Technology Scan 100,000+ transmission nodes Identify grid capacity and site new transmission Modeling capabilities for every region Bringing solutions that benefit new and existin
Slide 104: Building transmission solutions to unlock ~41 GW of renewables and storage
2 We are designing and building transmission solutions to unlock ~41 GW1 of renewables and storage projects Recently awarded upgrades in Nevada will support a queue of >19 GW into California 3 Multiple years invested in planning 3 >$1 B awarded upgrades 3 160-mile new double-circuit line 1. Expected
Slide 105: We are the #1 originator for U.S. power and C&I customers
2 We are the #1 originator for U.S. power and commercial & industrial customers NextEra Energy Resources’ 2020-2023 Signed PPAs 20% market share in 3 renewables and storage origination1 ~40% 3 25+ years serving power customers ~60% 15 years serving 3 commercial & industrial customers Power Commercia
Slide 106: One of the largest providers of renewables to technology customers
2 We are one of the largest providers of renewables and storage solutions to technology customers 6+ GW Best Positioned to Serve Technology Customers of Renewables and Storage with Technology Customers1 We have significant site inventory – 300 GW2 pipeline 3 >3 GW in operating portfolio We have a tr
Slide 107: Tools help technology customers identify optimal data center locations
2 Our tools help our technology customers identify the optimal locations for their data centers Discover Tool Optimize best location Tailor for best resource, technology and market Customizable across 100+ variables Rank site inventory NextEra Energy Resources 107
Slide 108: Recent 3-way collaborations with utilities and C&I customers
2 Recent transactions highlight 3-way collaborations between NextEra Energy Resources, local utilities and commercial & industrial customers 190 MW Solar + 50 MW Battery solution with New Mexico utility and major tech company 600 MW Wind solution with Nebraska utility and major tech company 348 MW S
Slide 109: Partnering with utilities, including Entergy, on optimal resource mix
2 We are partnering with utilities to determine optimal resource mix and navigate the regulatory and stakeholder process to meet this growth opportunity Address energy and capacity needs from rapid load growth Entergy and NextEra Develop customized resource plans Speed to Market Energy Resources ann
Slide 110: Execution certainty: our scale enables us to deliver
2 Execution certainty is more important than ever – our scale enables us to deliver for our customers Supply Chain EPC Global, direct Standardized components factory presence EPC contracting up to Diversified supplier base 3 years in advance Back-up inventory to de-risk Lowest cost supply chain inte
Slide 111: Industry-leading cost performance while maximizing production
2 Our scale, experience and technology enable us to deliver industry-leading cost performance while maximizing production 2023 Wind and Solar Fleet O&M1 ~26% better Every MW we add to our than median portfolio gains a ~38% better 20-25% than median dollar per MWh cost O&M advantage Wind Solar Energy
Slide 112: Data and scale advantages enable industry-leading optimization capabilities
2 Our data and scale advantages enable us to invest in industry-leading optimization capabilities Renewable Operations Solar Design Optimization Tool AI Technician Tool Control Center Evaluates specific tradeoffs ~44 GW1 across ~400 Upskilling digital workforce between capex and energy renewable sit
Slide 113: Platform enables cash ROE improvements of ~500-1,000 basis points
2 Our platform enables cash ROE improvements of ~500-1,000 basis points versus average developers Cash ROEs in the mid-teens for solar and over twenty percent for wind 500-1,000 bps and storage ROE improvement Development Data & Origination Supply Financing Operations Levered Technology Chain ROEs &
Slide 114: Our leading operating portfolio provides significant option value
3 Our leading operating portfolio provides significant option value NextEra Energy Resources 114
Slide 115: Scale of operating portfolio offers speed-to-market and option value
3 The scale of our operating portfolio offers speed-to-market and significant option value Existing footprint offers significant option value: Wind Repowers Co-located Storage Solar under Wind Recontracting 21 GW1 wind capacity Load to Generation 6 GW1 solar capacity Transmission Optimization 3 GW1
Slide 116: Surplus interconnection capacity can provide solutions rapidly
3 Surplus interconnection capacity at wind and solar sites can be used to provide solutions for customers rapidly Today1 2027E2 Surplus Interconnection ~60% surplus on wind portfolio Up to Up to ~70% surplus on solar portfolio ~15 GW ~32 GW surplus capacity surplus capacity 1. Energy Resources’ wind
Slide 117: Our existing footprint allows us to jump the queue for interconnection
3 Our existing footprint allows us to jump the queue for interconnection Average Years for Interconnection Existing projects have: California 2.5 7 Transmission access Southwest 2.5 6 Interconnection Midwest 1 5 Permitting ERCOT 1 2.5 Substation and transmission equipment Timeline with surplus inter
Slide 118: When California needed grid capacity fast, we delivered
3 When California needed grid capacity fast, NextEra Energy Resources delivered >1 GW of co-located battery storage Deployed in ~24 months Providing ~40% of California utilities’ needs NextEra Energy Resources 118
Slide 119: Co-located storage opportunities are continuing to expand
3 Co-located storage opportunities are continuing to expand 2024 20242022 2020 +Year Backlog End Operating Projects Backlog Projects1 1. As of April 23, 2024 NextEra Energy Resources 119
Slide 120: Wind repowers offer jump-the-line advantages
3 Wind repowers offer customers jump-the-line advantages and create significant shareholder value GOOD Repowering Capital Costs $/kW ~50%-80% of the cost of new build Utilizes existing interconnect, land rights and infrastructure Offers customers additional energy, capacity and renewable energy cred
Slide 121: Solar repowering is a new opportunity to unlock portfolio value
3 Solar repowering is NextEra Energy Resources’ newest opportunity to unlock portfolio value Helps meet customer needs Value accretive to shareholders Executed quickly at lower costs Evaluating up to 2 GW of opportunities through 2027 NextEra Energy Resources 121
Slide 122: Portfolio optimization is not factored into initial investment decisions
3 Portfolio optimization is not factored into our initial investment decisions Illustrative Value Creation No cost to interconnect avoiding costly transmission upgrades Option Series 1 Value Existing infrastructure (land, 16 permitting, substations, gen-tie) 14 12 10 Existing site technicians Initia
Slide 123: We expect to more than double our operating portfolio
3 We expect to more than double our renewables and storage operating portfolio, significantly increasing its option value Operating Portfolio Growth1 Wind Long-term Repowers ~2X Executed opportunity set of 67 GW ~6 GW ~30 GW1 by end of 2027 30 GW Co-located Long-term Storage Executed opportunity set
Slide 124: Proven track record of delivering superior returns and growth
4 We have a proven track record of delivering superior returns and growth NextEra Energy Resources 124
Slide 125: Best-in-class development skills capture leading market share
Our best-in-class development skills capture leading market share 2022-2023 U.S. Installed Renewables and Storage1 GW 10 9 Leader in 8 renewables 7 with ~20% installed market 6 share1 5 4 3 2 1 0 NextEra Energy Wind Solar Storage Resources 1. Publicly available information and Energy Resources’ inte
Slide 126: Consistent origination and development success delivers portfolio growth
Our consistent origination and development success continues to deliver long-term portfolio growth NextEra Energy Resources’ Renewable and Storage Capacity1 GW 30 25 20 27 GW in 20 years 15 10 5 0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 202
Slide 127: Our portfolio is diverse and long-term contracted
4 Our portfolio is diverse and long-term contracted Operating Portfolio, Including Backlog: Geographically Diverse3 51 GW1 and 482 Projects 1% 3% 4% CAISO/WECC 6% SPP 33% 194 PPA Customers MISO 17% ERCOT ISO NE/NYISO A-/A3 Counterparty Credit SERC PJM 20% 16% FRCC 15 Years Average Remaining PPA2 1.
Slide 128: Culture of continuous operational improvement drives results
4 We have a culture of continuous operational improvement that drives results Wind Fleet Total Cost of Operations GOOD Solar Fleet Total Cost of Operations1 GOOD $/MWh $/MWh ~(4%) ~(6%) CAGR CAGR 2013 2023 2017 2023 Nuclear O&M GOOD OSHA Rate GOOD $/MWh ~(2%) ~(3%) CAGR CAGR 2013 2023 2013 2023 1. 2
Slide 129: Track record delivered attractive earnings and cash flow growth
4 Our track record of execution has delivered attractive earnings and cash flow growth Adjusted Earnings Cash Flow From Operations Adjusted EBITDA1 Billions Billions Billions ~12% ~12% ~12% CAGR CAGR $3.5 CAGR $8.0 $2.8 $2.5 $5.7 $2.0 2020 2023 2020 2023 2020 2023 1. See Appendix for definition of A
Slide 130: Capitalizing on demand by deploying capital accretively
5 We are capitalizing on demand by deploying capital accretively NextEra Energy Resources 130
Slide 131: Smart, disciplined capital investment decisions
5 We make smart, disciplined capital investment decisions, focused on assets with stable cash flows and attractive returns Long term, stable Superior returns Strong earnings cash flows accretion NextEra Energy Resources 131
Slide 132: Strong returns supported by scale, experience and technology
5 Strong returns are supported by scale, experience and technology and enhanced by an advantaged market position Cash ROEs in the mid-teens for solar and over twenty percent for wind 500-1,000 bps and storage ROE improvement Development Data & Origination Supply Financing Operations Levered Technolo
Slide 133: Opportunity to develop 36.5 to 46.5 GW of new renewables and storage through 2027
5 We believe we have the opportunity to develop 36.5 to 46.5 GW of new renewables and storage through 2027 NextEra Energy Resources Development Program1,2 Backlog as of April 23, 2024; GW 2024 - 2025 2024 - 2025 2026 – 2027 2026 – 2027 2024 – 2027 Backlog Expectations Backlog Expectations Expectatio
Slide 134: We expect to invest $65 to $70 B over the next four years
5 We expect to invest $65 to $70 B over the next four years, primarily driven by new renewables and storage investment NextEra Energy Resources Capital Expenditures 2024-20271 Billions $20.0 - $21.5 $16.0 - $17.5 $14.0 - $15.0 $15.0 - $16.0 2024E 2025E 2026E 2027E Renewables & Storage Transmission G
Slide 135: Adjusted EBITDA expected to grow at ~16% CAGR from 2023 to 2027
5 Adjusted EBITDA is expected to grow at a ~16% CAGR from 2023 to 2027 NextEra Energy Resources Adjusted EBITDA Walk1 Billions $0 $0 $0.2 – $0.3 $0.0 – $0.1 $13.8 – $14.3 $6.2 – $6.7 $7.7 ($0.3) – ($0.4) 2023 2 PTC Roll-Off Renewable Energy Transmission Gas Infrastructure 3 Customer Supply All Other
Slide 136: Adjusted earnings expected to grow at ~13% CAGR from 2023 to 2027
5 Adjusted earnings are expected to grow at a ~13% CAGR from 2023 to 2027 NextEra Energy Resources Adjusted Earnings Walk1 Billions $0.1 – $0.2 ($0.1) – ($0.2) ($0.1) – $0.1 $2.1 – $2.4 ($0.2) – ($0.3) $4.3 – $4.6 $2.8 ($0.2) – ($0.3) 2023 PTC Roll-Off Renewable Energy Transmission Gas Infrastructur
Slide 137: NextEra Energy Resources Key Takeaways
NextEra Energy Resources Key Takeaways Key Takeaways Unprecedented demand is creating a new paradigm in power Our unmatched scale, experience and technology position us well We are extending our competitive advantages We are capitalizing on demand to create long-term, sustainable shareholder value N
Slide 138: Summary and Financial Outlook
Investor Conference 2024 Summary and Financial Outlook June 11, 2024 NextEra Energy 138
Slide 139: Framing the opportunity
Framing the opportunity Electricity demand is at an inflection point Providing long-term visibility into massive capital deployment opportunities With a differentiated return profile And we believe no one is better positioned to deliver on this opportunity than NextEra Energy NextEra Energy 139
Slide 140: Differentiated history of delivering on the potential of the platform
We have a differentiated history of delivering on the potential of the platform 10-Year 3-Year Performance Performance Adjusted EPS CAGR1 – Consensus Estimates Adjusted EPSCAGR Adjusted EPS CAGR 2013-2023 2020-2023 2 2 11.1% 9.8% 11% 6.3% 6.6% 5.7% 7.6% 4.7% 3.9% 2.8% 5.6% 9% 1.2% 5.0% Average 8% ex
Slide 141: Growth anchored by one of the nation's fastest-growing states
We have growth anchored by one of the nation’s fastest- growing states FPL Projected Capital Expenditures, 2024-20271 Well established capital plan focused on solar, storage and transmission FPL added over 100 K customers year over year2 ~$34-$37 $34-$37 BB FPL’s Ten-Year Site Plan recommends 25 GW
Slide 142: Supported by a visible plan at NextEra Energy Resources
Supported by a visible plan at NextEra Energy Resources NextEra Energy Resources Development Program1,2 ~20% market share3 in GW origination with 20+ years 36.5-46.5 head start 21.5 GW backlog4 with record number of GW 22.4-29.4 expected to go COD in 2024 14.1-17.1 ~150 GW in the interconnect queue
Slide 143: Diversified and balanced funding plan
Our diversified and balanced funding plan is centered around stable cash flows supplemented by access to well-understood markets NextEra Energy Funding Plan 2024-20271 Billions ~$5 - $6 ~($20) ~$5 - $7 ~$44 - $48 ~$97 - $107 ~$40 - $44 ~$53 - $58 ~($30) - ($36) 2024-2027 Cash Debt Corporate Tax Equi
Slide 144: Regulated and contracted assets represent ~90% of adjusted EBITDA
Regulated and contracted assets represent ~90% of NextEra Energy’s adjusted EBITDA expectations Regulated Adjusted EBITDA1,2 Adjusted EBITDA from Regulated1,2 and Long-Term Contracted Operations Strong and stable cash flows support long-term visibility ~10% <30% Constructive regulatory environment i
Slide 145: Operating cash flow accounts for ~99% of forecasted invested capital
Operating cash flow accounts for ~99% of forecasted invested capital net of tax equity and project finance NextEra Energy Invested Capital Walk 2024-20271 Billions ~$97 - $107 ~($44) - ($48) 99% ~$53 - $59 ~$53 - $58 2024-2027 Tax Equity & Project Finance Net Corporate Capex 2024-2027 Cash From Oper
Slide 146: Long history of maintaining our strong credit position
We have a long history of maintaining our strong credit position, which supports our ability to raise We remain committed to capital at competitive rates maintaining our strong balance sheet and 70/30 regulated business mix Utility Credit Ratings1 NextEra Energy 70% Resources has 194 different long-
Slide 147: Credit metrics are much stronger than the industry average
NextEra Energy’s credit metrics are much stronger than the industry average NextEra Energy ranking amongst 32 S&P 500 Utilities2: FFO-to-Debt CFO Pre-Working FFO Leverage GOOD GOOD Capital-to-Debt GOOD #1 Adj. FFO/Debt 4.9x 18.4% 18.7% 4.3x 14.3% #2 Debt/Adj. EBITDA 13.2% #1 Equity Ratio NextEra Ene
Slide 148: Diverse banking relationships support our capital needs
Our diverse banking relationships built over decades enable priority allocation and better terms to support our capital needs Large and Diversified Bank Group Robust Liquidity & Access to Capital1 Project Finance Over 85 banks $65 B Corporate Credit Credit and Tax Tax Equity Across 20 countries Equi
Slide 149: We are the partner of choice for tax equity providers
We are the partner of choice for tax equity providers We have significant advantages in the tax equity market… …that provide us with tangible benefits Advantages Benefits Credibility Better Access 1 25-year history of generating tax credits and delivering on our Priority allocation from projections
Slide 150: We expect to continue our long track record of creating value for shareholders
We expect to continue our long track record of creating value for shareholders Adjusted earnings per share expectations1,2 Dividend per share1,2 Operating cash flow expectations1 Billions At or above adjusted 6% - 8% ~10% EPS growth rate 3.85 - 4.32 15 - 16 3.63 - 4.00 3.45 - 3.70 3.23 - 3.43 3.17 1
Slide 151: NextEra Energy has a differentiated track record
NextEra Energy has a differentiated track record Drill-down of S&P 500 companies 2013-2023 CAGR 392 Quality Investment grade1 ~14% 88 Scale Market capitalization > $100 B ~10% ~7.5% 42 Growth Adj. EPS CAGR > 8% past 20 years2 26 Performance ‘23 – ‘26E Annual Total Return3 > 10% 8 Return ‘23 – ‘25E D
Slide 152: NextEra Energy's value proposition is well supported
Putting it all together: NextEra Energy’s value proposition is well supported Visible Growth Well-Understood Strong Balance Predictable Capital Plan Sheet Earnings and Growing Cash Flows NextEra Energy 152
Slide 153: Appendix
Investor Conference 2024 Appendix June 11, 2024 NextEra Energy 153
Slide 154: NextEra Energy's credit metrics remain on track
NextEra Energy’s credit metrics remain on track NextEra Energy Credit Metrics1 Downgrade S&P A- Range Actual 2023 Target 2024 Threshold FFO/Debt 13% - 23% 18% 18.4% >18% Downgrade Moody’s Baa Range Actual 2023 Target 2024 Threshold CFO Pre-WC/Debt 13% - 22% 17% 18.7% >17% CFO-Div/Debt 9% - 17% 12.3%
Slide 155: Renewables and storage expected to drive growth through 2027
Renewables and storage are expected to drive growth at NextEra Energy Resources through 2027 Adjusted EBITDA1 2023 $7.7 B Adjusted EBITDA1 2027E $13.8-$14.3 B ~1% ~8% ~7% 14% 4% ~69% ~84% ~4%-5% 13% ~6% 53% ~73% 5% 11% Renewable Energy Nuclear 2 Renewable Energy Nuclear 2 Transmisison Customer Suppl
Slide 156: Renewables and storage development program
NextEra Energy Resources’ renewables and storage development program1,2 Wind (GW) Solar (GW) Storage (GW) Region 2024-2025 2026-2027 Region 2024-2025 2026-2027 Region 2024-2025 2026-2027 Midwest 1.4 0.7 Midwest 1.9 1.2 Midwest 0.7 0.5 Northeast 0.0 0.0 Northeast 0.4 0.5 Northeast 0.0 0.0 Southeast 0
Slide 157: Navigating the current interest rate environment
NextEra Energy is well positioned to navigate the current interest rate environment Interest Rate Sensitivity Estimated Adjusted EPS Impact of +50 bps Interest Rate Increase1 2024 2025 2026 2027 $0.00 ($0.03) – ($0.05) ($0.03) – ($0.05) ($0.03) – ($0.05) 1. Includes effect of $16.5 B of interest rat
Slide 158: Reconciliation of Earnings Per Share to Adjusted Earnings Per Share
Reconciliation of Earnings Per Share Attributable to NextEra Energy, Inc. to Adjusted Earnings Per Share1 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016(2) 2017(2) 2018 2019 2020 2021 2022 2023 Earnings Per Share Attributable to NextEra Energy, Inc. (assuming dilution) $0.63 $
Slide 159: Definitional Information
Definitional Information NextEra Energy, Inc. Adjusted Earnings Expectations (including subsidiaries as applicable) This presentation refers to adjusted earnings per share expectations. Adjusted earnings expectations exclude the cumulative effect of adopting new accounting standards, the effects of
Slide 160: Cautionary Statement And Risk Factors That May Affect Future Results
Cautionary Statement And Risk Factors That May Affect Future Results This presentation contains “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of historical facts, bu
Slide 161: Cautionary Statement And Risk Factors (continued)
Cautionary Statement And Risk Factors That May Affect Future Results (continued) effect of reductions in the liquidity of energy markets on NextEra Energy's ability to manage operational risks; effectiveness of NextEra Energy's risk management tools associated with its hedging and trading procedures