Efficient Financing & Incremental Investment Opportunities
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EXECUTIVE SUMMARY
Our strong
financial
performance
supports our
mission to be
North
America's
premier energy
infrastructure
company
$32B
2021 2025 Capital Plan'
-
STRONG EPS
GROWTH2
50% - 60%
Targeted Dividend Payout Ratio³
BBB+ | BBB+ | Baa2
S&P | Fitch | Moody's
HIGHLIGHTS
Strong anticipated organic growth and enhanced
earnings visibility
$32B 5-year capital plan centered around U.S. energy
networks (utilities)¹
Focused on funding base capital plan, strengthening
balance sheet and returning cash to shareholders
Expect to maintain strong liquidity
Anticipate completing Sempra Infrastructure transaction
in the coming weeks*
Actual amounts expended will depend on a number of factors and may differ materially from the amounts reflected 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.
On a historical basis. We are projecting 2021 Adjusted EPS Guidance Range of $7.75 to $8.35, which represents a non-GAAP financial measure. 2021 GAAP EPS Guidance Range is $7.67 to $8.27. See Appendix for a reconciliation of non-GAAP financial measures. We are
projecting 2022 GAAP EPS Guidance Range of $8.10 to $8.70.
Targeted Dividend Payout Ratio is for 2021-2025. The amount and timing of dividends payable and the dividend policy are at the sole discretion of the Sempra Board of Directors and, if declared and paid, dividends may be in amounts that are materially less than projected.
The ability to complete this transaction is subject to conditions to closing and a number of risks and uncertainties. Please refer to "Risk Factors" 66
in our most recent Annual Report on Form 10-K and "Capital Resources and Liquidity" in our most recent Quarterly Report on Form 10-Q for a description of the risks and other factors associated with this transaction.
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