Investor Presentaiton
Financial Overview
Overview of 4th Quarter Financial Results
(Earnings per share)
Reported Earnings (GAAP)
Less: Special Items
(1)
Ongoing Earnings
PA Regulated
KY Regulated
RI Regulated
Corp. and Other
Overview of Annual Financial Results
ppl
(Earnings per share)
Q4 2022
Q4 2021
2022
2021
$0.26
$0.18
Reported Earnings (GAAP)
$1.02
($1.93)
($0.02)
($0.04)
Less: Special Items (2)
($0.39)
($2.98)
$0.28
$0.22
Ongoing Earnings
$1.41
$1.05
$0.16
$0.15
PA Regulated
$0.70
$0.61
$0.10
$0.11
KY Regulated
$0.70
$0.61
$0.03
RI Regulated
$0.08
($0.01)
($0.04)
Corp. and Other
($0.07)
($0.17)
Note: See Appendix for the reconciliation of reported earnings to earnings from ongoing operations.
(1) Q4 2022 special items were primarily attributable to integration and related expenses associated with the acquisition of Rhode Island Energy, partially offset by taxes related to the discontinued U.K. utility business. Q4 2021 special items were primarily
attributable to integration expenses associated with the planned acquisition of Rhode Island Energy and discontinued operations associated with the U.K. utility business.
(2)
FY 2022 special items were primarily attributable to integration and related expenses associated with the acquisition of Rhode Island Energy, certain costs associated with its acquisition and commitments made during the acquisition process. FY 2021 special
items were primarily attributable to discontinued operations associated with the U.K. utility business, a U.K. tax rate change and a loss on the early extinguishment of debt. The FY 2021 special-item charges attributable to discontinued operations included a
non-cash net loss on the sale of the U.K. utility business, primarily due to the realization of accumulated other comprehensive losses and forecasted federal taxes associated with the sale, partially offset by earnings from the operations of the U.K. utility
business until completion of its sale on June 14, 2021.
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