Adjusted Earnings and Adjusted EPS Presentation
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Executive Summary
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Strong positions in some of the most attractive markets in North America
Infrastructure investments improving safety, reliability, and access to cleaner forms of
energy
Prudent balance sheet management reducing interest rate exposure
Continuing strong financial performance across all three growth platforms
$40B five-year capital plan to be updated on Q4 call and expect 10% - 20% increase
focused on utility investments¹
Financial Updates²
Completed 2-for-1 stock split effective August 21, 2023
Reporting Q3-2023 adjusted EPS of $1.08 and YTD-2023 adjusted EPS of $3.483
Expecting to be at or above high end of FY-2023 adjusted EPS guidance range of
$4.30 $4.603
Affirming FY-2024 EPS guidance range of $4.55 – $4.90
Affirming projected long-term EPS growth rate of 6% - 8%4
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Refers to Sempra's 2023 2027 capital plan which includes Sempra's proportionate ownership share of projected CapEx at unconsolidated entities and excludes projected CapEx attributable to NCI.
Sempra's capital plan and expectations regarding potential increases to its capital requirements are based on a number of assumptions, the failure of which to be accurate could materially impact
Sempra's capital expenditures and their potential impact on rate base growth.
All share and per share information in this presentation reflects the two-for-one split of our common stock in the form of a 100% stock dividend that was distributed to shareholders on August 21, 2023.
See Appendix for information regarding Adjusted EPS and Adjusted EPS guidance range, which represent non-GAAP financial measures. GAAP EPS for Q3-2023 and YTD-2023 was $1.14 and
$3.63, respectively. Updating GAAP EPS guidance range for FY-2023 to $4.44-$4.74.
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Based on midpoint of 2023 adjusted EPS guidance range.
SEMPRA | 4View entire presentation