Investor Presentaiton
Southern Company Value Proposition
Southern Company's strategy is to maximize long-term value to shareholders through a customer-, community-
and relationship-focused business model that produces sustainable levels of return on energy infrastructure
Key financial objectives
✓ Superior risk-adjusted total shareholder return
✓ A high degree of financial integrity and strong
investment grade credit ratings
Strong, sustainable returns on invested capital
✓ Regular, predictable and sustainable EPS and
dividend growth*
74 years
dividends equal to
or greater than
the previous year
Dividends
supported by premier
state-regulated
utilities and energy
infrastructure under
long-term contracts
Healthy Capital
Spending
Constructive
Regulation
Customer
High Reliability
Low Prices
High Customer
Satisfaction
20 consecutive annual
dividend increases since 2002
+8¢ +8¢
+8¢
+8¢
+8¢
+7¢
+7¢
+7¢
+7¢
+7¢
+7¢
+7¢
+7¢
+7¢
+6¢
+3¢ +3¢ +3¢
+6¢ +6¢
2002
* Future dividends are subject to approval of the Southern Company Board of Directors and depend on earnings, financial condition and other factors.
2021
19View entire presentation