Adjusted Earnings and Adjusted EPS Presentation
Capital Plan Drives Strong Earnings Growth'
Capital Plans Have Been ~90% Focused on Utilities
Capital Plan Growth at -18% CAGR
1
$15B
3
$40B
1.
2.
3.
2017
2018
2019
2020
2021
2022
2023
2022
Adjusted Earnings Doubled From 2017 to 20222
$2.92B²
2017
$1.39B²
Figures represent 5-year capital plan as presented in that year, with the exception of 2018 which represents 2018-2020. 2017 and 2023 were updated to conform to current presentation, which
includes Sempra's proportionate ownership share of projected CapEx at unconsolidated entities and excludes projected CapEx attributable to NCI. 2018 - 2022 are illustrative. Figures do not represent
actual capital expenditures.
See Appendix for information regarding Adjusted Earnings, which represents a non-GAAP financial measure, GAAP Earnings for 2017 and 2022 were $256M and $2,094M, respectively. GAAP
Earnings were more than 8x higher from 2017 to 2022.
Refers to Sempra's 2023 - 2027 capital plan which includes Sempra's proportionate ownership share of projected CapEx at unconsolidated entities and excludes projected CapEx attributable to NCI.
SEMPRA 13View entire presentation