Investor Presentaiton
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We expect to have excess balance sheet to execute on
profitable incremental capital investments, pursue accretive
acquisition opportunities, or buy back shares
NextEra Energy's Balance Sheet Strength
We remain committed to maintaining one of the strongest
balance sheets in the industry
Recognizing the strength of NEE's balance sheet, S&P reduced
NEE's FFO-to-Debt downgrade threshold to 23%, from 26%
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Provides an incremental $2 B in balance sheet capacity
Moody's outlined its plan to lower NEE's CFO pre-working
capital-to-Debt rating threshold to 18%, from 20%
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As the regulated contribution to our business mix continues to improve to
approximately 70% over time.
Fitch announced that it is relaxing NEE's FFO adjusted leverage
target to 4.0x - 4.25x, from 3.5x-3.75x, also in recognition of the
Company's improved business risk profile
Expect total excess balance sheet capacity of $5 B to $7 B through 2021
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