American Electric Power Company, Inc. · NASDAQ:AEP
American Electric Power — 52nd EEI Financial Conference 2017
10 slides from American Electric Power's conference presentation, November 2017
Slide 1: 52nd EEI Financial Conference
52nd EEI Financial Conference AEP Presentation November 5-8, 2017 Lake Buena Vista, Florida 52nd EEI Financial Conference | aep.com 0
Slide 2: Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995 This presentation contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. Although AEP and each of its Registrant Subsidiaries believe that their expectations are
Slide 3: Our Strategic Transformation
OUR STRATEGIC TRANSFORMATION Last 5 Years Vision 2022 Managed earnings through loss of Ohio revenues O&M Discipline Relentless O&M Optimization Merchant Plant Sale New Regulatory Paradigm Energy Ohio River Ops Generation Sale Continued Transmission Investment Company Separation Own Regulated Renewab
Slide 4: AEP Going Forward
AEP GOING FORWARD Well positioned Earnings growth Growing dividend Renewable as a regulated rate 5-7% consistent with energy future business earnings No Longer a Focus: Resolution Central Energy and Ohio of Station Capacity Restructuring Competitive Construction Pricing Generation Projects 52nd EEI
Slide 5: Organic Investment Opportunity Equals Increased Growth
ORGANIC INVESTMENT OPPORTUNITY EQUALS INCREASED GROWTH $4.50 $4.25 $4.00 $3.75 $3.65 $3.50 $3.25 2017 2018 2019 Future Operating $3.55 - $3.75 Earnings narrowed to $3.75 - $3.95 $4.00 - $4.20 Guidance $3.55 - $3.68 52nd EEI Financial Conference | aep.com 4
Slide 6: Strong, Consistent Dividend Growth
STRONG, CONSISTENT DIVIDEND GROWTH $3.00 $2.50 $2.48 $2.39 $2.27 $2.00 $2.15 $2.03 $1.50 $1.00 $0.50 $0.00 2014 2015 2016 2017 2018* EPS Growth + Dividend Yield = 10% to 12% Annual Return Opportunity * Subject to Board approval 52nd EEI Financial Conference | aep.com 5
Slide 7: Capital Forecast
CAPITAL FORECAST $18.2B $18.2BCap-ex from Cap-ex: 2018 2018 - 2020 - 2020 Contracted Renewables $1.3B | 7% Regulated Renewables $0.5B | 3% Regulated Environmental Generation $1.0B | 5% AEP Transmission Holdco Regulated Fossil/Hydro $4.6B | 25% Generation $0.6B | 3% Nuclear Generation $0.5B | 3% Corp
Slide 8: Robust Organic Capital Opportunities
ROBUST ORGANIC CAPITAL OPPORTUNITIES Grid modernization, aging infrastructure, physical/cyber Transmission security, reliability, market efficiency and economic development projects Grid modernization, reliability improvement projects and Distribution distribution station refurbishment Wind Catcher,
Slide 9: Wind Catcher Energy Connection
WIND CATCHER ENERGY CONNECTION Project is expected to reduce rates for PSO & SWEPCO customers over the life of the project – with savings starting first year of operation – while providing meaningful capital investment and earnings growth opportunity for shareholders • Project Scope: 2,000 MW (namep
Slide 10: The Premier Regulated Energy Company
HIGHER HIGHER growth dividends The Premier Regulated Energy Company MORE MORE certainty regulated 52nd EEI Financial Conference | aep.com 9
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