Mystic Lake Dam, west of Red Lodge, MT
Bank of America | Power, Utilities and Alternative Energy Leaders Conference | |
March 2, 2022 | 8-K March 2, 2022 |
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Forward Looking Statements
Forward Looking Statements
Boulder River in Montana
During the course of this presentation, there will be forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often address our expected future business and financial performance, and often
contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," or "will."
The information in this presentation is based upon our current expectations as of the date hereof unless otherwise noted. Our actual future business and financial performance may differ materially and adversely from our expectations expressed in any forward-looking statements. We undertake no obligation to revise or publicly update our forward-looking statements or this presentation for any reason. Although our expectations and beliefs are based on reasonable assumptions, actual results may differ materially. The factors that may affect our results are listed in certain of our press releases and disclosed in the Company's most recent Form 10-K and 10-Q along with other public filings with the SEC.
Company Information
NorthWestern Corporation | Corporate Office | Investor Relations Officer |
dba: NorthWestern Energy | 3010 West 69th Street | Travis Meyer |
Ticker: NWE (Nasdaq) | Sioux Falls, SD 57108 | 605-978-2967 |
www.northwesternenergy.com | (605) 978-2900 | travis.meyer@northwestern.com |
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NWE - An Investment for the Long Term
Pure Electric &
Gas Utility
Solid Utility
Foundation
Strong
Earnings &
Cash Flow
Attractive
Future Growth
Prospects
Financial Goals
& Metrics
• 100% pure electric & natural gas utility business | Black Eagle dam |
with over 100 years of operating history |
- Solid economic indicators in service territory
- Diverse electric supply portfolio ~56% hydro, wind & solar
- Residential electric & gas rates below national average
- Solid system reliability
- Low leaks per 100 miles of pipe
- Solid JD Power Overall Customer Satisfaction scores
- Consistent track record of earnings & dividend growth
- Strong cash flows (aided by Production Tax Credit carryforwards)
- Solid balance sheet & investment grade credit ratings
- Disciplined maintenance capital investment program to ensure safety and reliability
- Significant investment in renewable resources (hydro & wind) will provide long-term energy supply pricing stability for the benefit of customers for many years to come
- Further opportunity for energy supply investment to meet significant capacity shortfalls
- Target debt to capitalization ratio of 50%-55% with liquidity of $100 million or greater
- Target 3%-6% EPS growth plus dividend yield to provide competitive total return
- Target dividend long-term payout ratio of 60%-70%
Best Practices
Corporate
Governance
5th Best Governance Score
Montana Operations
Electric
391,600 customers
24,996 miles - transmission & distribution lines
876 MW maximum capacity owned power generation
Natural Gas
206,600 customers
7,111 miles of transmission and distribution pipeline
17.75 Bcf of gas storage capacity
Own 38.8 Bcf of proven natural gas reserves
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About NorthWestern
South Dakota Operations
Electric
64,200 customers
3,628 miles - transmission & distribution lines
395 MW nameplate owned power generation
Natural Gas
48,600 customers
1,759 miles of transmission and distribution pipeline
Nebraska Operations
Natural Gas
42,800 customers
813 miles of distribution pipeline
Data as of 12/31/2021
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A Diversified Electric and Gas Utility
(1)
(1)
NorthWestern's '80/20' rules: | |
Approximately 80% Electric and 80% Montana. | |
Nearly $4.2 billion of rate base investment to serve our customers | |
Data as reported in our 2021 10-K | |
(1) Utility Margin is a non-GAAP Measure. See appendix for additional disclosure. | |
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NorthWestern Corporation published this content on 02 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 March 2022 18:37:09 UTC.