Southern Company (the) · NYSE:SO
Southern Company (the) — Q3 2011 Earnings Presentation
9 slides from Southern Company (the)'s earnings presentation, Oct 26, 2011
Slide 1: 3rd Quarter 2011 Earnings Conference Call
3rd Quarter 2011 Earnings Conference Call October 26, 2011 The Glen A. Kundert Earnings Call
Slide 2: Cautionary Note Regarding Forward-Looking Statements
Cautionary Note Regarding Forward-Looking Statements Certain information contained in this presentation is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning earning
Slide 3: Storm Restoration
Storm Restoration 3
Slide 4: Q3 2011 vs. Q3 2010 Earnings Drivers
Q3 2011 vs. Q3 2010 Earnings Drivers 17¢ (7¢) 1¢ (1¢) (1¢) 3¢ (3¢) Interest Income Southern Weather Non-Fuel $1.07 Taxes Power Shares O&M $0.98 Retail Revenue Impacts Traditional Operating Companies +13¢¢ Q3 2010 Q3 2011 4
Slide 5: Retail KWh Sales Growth
Retail KWh Sales Growth As Reported Weather‐normal Q3 YTD Q3 YTD Residential (6.9%) (6.3%) (0.3%) (0.1%) Commercial (3 4%) (3.4%) (2 4%) (2.4%) 0 0% 0.0% (0 2%) (0.2%) Industrial 1.6% 3.7% 2.0% 3.9% Total Retail (3.3%) (1.9%) 0.5% 1.1% Industrial Sector Highlights • Growth in all major segments exce
Slide 6: Southeast Continues to Grow
Southeast Continues to Grow Over 6,000 job additions announced since the start of Q3 (Selected new projects in RED) Porsche: 100 jobs Triumph: 250 jobs Mercedes Benz: 1,400 jobs Kia: 1,000 jobs Hyundai: 400 jobs Seung Chang Airtech: 200 jobs Pharmavite: 280 jobs Gulfstream: 1,000 jobs Stion: 1,000 j
Slide 7: 2011 EPS Guidance
2011 EPS Guidance Annual Guidance = $2.48 - $2.56 per share Q4 Estimate = $0.29 $0 29 per share Long-term $2.56 Growth = 5% to 7% $2 48 $2.48 $2.36 $2 30 $2.30 2010 2011 7
Slide 8: Appendix
Appendix 8
Slide 9: Kemper County vs. Edwardsport
Kemper County vs. Edwardsport Comparison Items Edwardsport IGCC Kemper Project Gasifier Type GE TRIG Capacity 618 MW 582 MW Primaryy Fuel Type yp Bituminous Coal Lignite g Slagging (burner) Non-slagging (no burner) Maintenance O2 Blown / Air separation unit Air Blown / No ASU needed Duke, GE, Bechte