Efficient Financing & Incremental Investment Opportunities
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EFFICIENT FINANCING
Projected 2021 - 2025 Net Long Term Debt Financing 1,2
$9B- $12B
Infrastructure
$1B -$2B
Sempra Texas
3
Utilities
$3B - $4B
SoCalGas
$2B - $3B
SDG&E
$3B
Activity by Issuer¹
Through 2022
California Utilities
expected debt
financing of
$2B - $3B
Infrastructure capital expected to be self-funding through
Sempra Infrastructure
Maintain strong liquidity by maintaining and sizing revolving
credit facilities based on evolving business needs
Anticipated sustainability financing will highlight our role in
accelerating the energy transition
Further build equity-credit securities into Sempra's capital
structure as opportunities arise
Continue to expand diversity of offerings
Capital plan focused on CA Utilities provides for meaningful participation in capital markets and
focuses on environmental stewardship that should provide sustainable financing opportunities*
Net planned long-term debt financing activity by entity for 2021 - 2025. Sempra Parent is expected to have net debt reduction of $1B - 2.5B over this period.
1.
2.
Debt issuance net of principal repayment.
3.
Actual amounts expended will depend on a number of factors and may differ materially from the amounts reflected
Sempra Texas Utilities represents off-balance sheet financing as Oncor is not consolidated under GAAP. Values represent 80.25% proportionate ownership of Oncor for illustrative purposes.
82
in our 5-year capital plan for 2021 - 2025. Includes $9.2B of capex which represents our proportionate share of amounts funded by unconsolidated entities, including Oncor, Sharyland and our unconsolidated JVs.
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