SEMPRA 5-Year Capital Plan
2345
Investment Highlights
1
Top-tier T+D utility platforms in some of
North America's most attractive markets
2
Robust capital investments + projected
9% rate base growth through 20271
3
4
50
Strong earnings visibility + support
for projected long-term EPS growth
Over $5B of total capital returned to
shareholders over the last three years²
Continued commitment to innovation,
sustainability + industry leadership
HIGHLIGHTS
California + Texas represent #1 and #2
economic markets in the U.S.3
Serving the largest utility customer
base in the U.S. with nearly 40M
consumers
Announcing record 2023 - 2027
capital plan of $40B5
Projected long-term EPS growth rate
of 6% - 8%
Building infrastructure to advance
electrification + help enable the
energy transition
1. Based on CAGR from 2022 2027. California rate base figures represent 13-month weighted-average projections, excluding CWIP. The resolution of the 2024 GRC could
cause actual results to differ materially from these assumptions. Includes 100% of Oncor's and Sharyland's actual and projected year-end rate base. Oncor's rate base
estimates calculated based on its current projected CapEx for 2023 - 2027.
5.
6.
Based on $1.25B of share repurchases and $3.9B of dividends from 2020-2022.
2022 GDP Data. BEA "Bearfacts".
Based on U.S. utility consumers served. As of 12/31/2022 and includes 100% of Oncor.
Includes $12.9B of Sempra's proportionate ownership share of amounts expected to be funded by unconsolidated entities and excludes $11.2B of projected CapEx attributable
to NCI.
Based on midpoint of 2023 adjusted EPS guidance range.
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