Investor Presentaiton
Transaction Expected to Unlock Significant Synergies
Vistra, together with its independent consultants, spent months conducting diligence on
the Energy Harbor platform to identify areas for optimization
Demonstrated Track-Record in
Realizing Transaction Synergies and
Operating Improvements (OPI)
Vistra's 2018 merger with Dynegy demonstrates
its ability to realize projected synergies and OPI
with over $700 million in value levers achieved (2x
the $350 million original target)
On-track to achieve $40 million synergy target for
the Crius and Ambit retail transactions
Significant Transaction Synergies from
Energy Harbor Combination ($M)
$30
$79
$125
VISTRA
Vistra Investor Presentation/June 2023
2023E
2024E
2025E
VST expects to achieve run-rate pre-tax synergies of ~$125M by year-end
2025
Synergy forecast built based on a bottoms-up review of Energy Harbor's cost
structure
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