Investor Presentaiton
Pro Forma EBITDA (as of 3/6/23)
Vistra Adj. EBITDA
VISTRA
$3.5B -$3.7B
energy
harbor
+ synergies
$4.2B $4.5B²
2024/2025 midpoint Adj. EBITDA
Opportunities
Addition of Energy Harbor meaningfully
increases earnings potential
Revenues de-risked by nuclear PTC
Results in two sizeable businesses operating
on an integrated platform
2024/2025 midpoint
Adj. EBITDA
opportunities
($Billions)
VISTRA
"Tradition"
VISTRA
"Vision"
$1.9 - $2.1
$2.3-$2.42
1. "Adj. EBITDA" is a reference to Ongoing Operations Adj. EBITDA; Adj. EBITDA is a non-GAAP financial measure.
2. Includes 15% minority interest; contribution from Energy Harbor reflective of ~$150 million average annual impact of out-of-the money generation hedges in 2024 and 2025.
Vistra Investor Presentation/June 2023
VISTRA
VISTRA
"Vision"
On an Unhedged Generation Basis
$2.45 - $2.55
✓ Excludes impact of out-of-the-money
generation hedges at Energy Harbor
10
10View entire presentation