Investor Presentation - September 2021
11
Affirming guidance
•
•
Capital expenditures
(Millions)
5-year forecast: ~$3.0B
FY21 NEEPS guidance range remains
$4.30-$4.50
5-7%¹ LT annual NEEPS growth
$3.0B capex plan through 2025
remains on track
-
Focused on infrastructure upgrade
program
Over 80% of utility spend recovered
with minimal lag or reflected in
earnings
Financing plan reflects Spire MO
$305M bond offering and retirement
of $55M
Targeted debt metrics remain
$625
$610
$600
$590
$590
$580
560
570
580
590
600
$425
FY21
FY22
FY23
FY24
FY25
Gas Utility
■Pipelines, storage and other
Financing forecast"
(Millions)
$400
$100-150
$100-150
$175
$50-100
$25-75
FY22
FY23
■ Operating company long-term debt
-
FFO/debt at 15-16%
Holdco debt percentage <20%
¹Using base year FY19 net economic earnings of $3.73 per share.
Spire | Investor presentation - September 2021
FY21
Common and hybrid equity
*Debt issuance net of maturities.View entire presentation