Environmental, Social & Governance
October 2021
This presentation is made as of the date hereof and contains "forward-looking statements" as defined in Rule 3b-6 of the Securities Exchange Act of 1934, Rule 175 of the Securities
Act of 1933, and relevant legal decisions. The forward-looking statements are subject to risks and uncertainties. All forward-looking statements should be considered in the context of
the risk and other factors detailed from time to time in CMS Energy's and Consumers Energy's Securities and Exchange Commission filings. Forward-looking statements should be read in conjunction with "FORWARD-LOOKING STATEMENTS AND INFORMATION" and "RISK FACTORS" sections of CMS Energy's and Consumers Energy's most recent Form 10-K and as updated in reports CMS Energy and Consumers Energy file with the Securities and Exchange Commission. CMS Energy's and Consumers Energy's "FORWARDLOOKING STATEMENTS AND INFORMATION" and "RISK FACTORS" sections are incorporated herein by reference and discuss important factors that could cause CMS Energy's and Consumers Energy's results to differ materially from those anticipated in such statements. CMS Energy and Consumers Energy undertake no obligation to update any of the information presented herein to reflect facts, events or circumstances after the date hereof.
The presentation also includes non-GAAP measures when describing CMS Energy's results of operations and financial performance. A reconciliation of each of these measures to
the most directly comparable GAAP measure is included in the appendix and posted on our website at www.cmsenergy.com.
Investors and others should note that CMS Energy routinely posts important information on its website and considers the Investor Relations section,www.cmsenergy.com/investor- relations, a channel of distribution.
Presentation endnotes are included after the appendix.
Enter "so what" if necessary - Century Gothic, Bold, Size 18 or smaller 2
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CMS Energy Overview
Corporate Structurea
CMS Energy | ||
(NYSE: CMS) | ||
Consumers Energy | Enterprises | |
Gas | 2020 | |
>95% pro forma | Avg. Rate Base | |
regulated utility | $6.8 Bn | |
earnings |
Electric
$13.0 Bn
Key Information
2020 Financial Statistics
Based in Jackson, MI
~8,200 | Employees (41% unionized)b |
$6.7 Bn | Revenuec |
$764 MM | Adjusted net incomec |
7% adj. EPSd | Growth for past 18 years |
In line | Dividend per share growth |
w/earnings |
Senior Management Team
Garrick Rochow
CEO
Rejji Hayes | Shaun Johnson | Cathy Hendrian | DV Rao |
CFO | General Counsel | People & Culture | Strategy & Planning |
LeeRoy Wells | Brian Rich | JF Brossoit | Brandon Hofmeister |
Operations | Customer Experience & Tech | Engineering | Gov't & Regulatory Affairs |
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Presentation endnotes are included after the appendix.
Consumers Energy Positioned Well . . .
Attracted
>485 MW
of new or
expanding load since 2015
4th Largest Combination Utility
- Electric Utility
- MM electric customers 7,927 MW of capacity
- Gas Utility
- MM gas customers
309 Bcf gas storage (#1 in the U.S.)
- Serving 6.8 MM Michigan residents
Consumers Energy Planet Goals
Net zero methane emissions
by 2030
&
Net zero carbon emissions
by 2040a
Presentation endnotes are included after the appendix.
. . . for the clean energy transformation.
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CMS Enterprises Continues to Perform . . .
Renewable Platform
- Aviator, 525 MWs of contracted wind
- 51% cash equity ownership (tax equity utilized)
- Funded with cash on hand, no new equity
- Offers utility-like returns with creditworthy counterparties
- Operating projects:
- 27 MWs of contracted solar (MI, WI)
- 64 MWs of contracted biomass (MI, NC)
- 105 MWs of contracted wind (OH)
DIG & Other
- ~1,000 MWs in MI
- DIG long-term energy (>95% contracted) & short-term capacity (100% contracted)
- Filer City PPA with the Utility
- Upside: tightening supply with future retirements
- MISO Zone 7 PY '20/'21 auction cleared at CONE
- Michigan Supreme Court Local Clearing Requirement ruling
. . . with an emphasis on clean energy and risk mitigation.
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Consumers Energy Co. published this content on 08 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 October 2021 20:31:04 UTC.