Investor Presentation
Since the last investor conference, we have expanded our
regulated business and grown our renewable market share
NEXTera
ENERGY
FPL.
NEXTera
ENERGY
RESOURCES
6
2)
2019 Investor Conference: Key Objectives
Objectives
Grow adjusted EPS by 6% - 8% (1) per year
Increase dividends 12% -14% per year
through at least 2020 off a 2017 base
Maintain balance sheet strength
Deliver superior customer value
Be a best-in-class, cost-effective operator
Invest capital for the benefit of customers
Transform Gulf Power (2)
Continue to build North America's
leading renewables business
Expand energy storage and regulated
transmission
Recycle capital to fund long-term
contracted growth
6% -8% growth plus accretion from the Florida acquisitions in 2019
Effective 1/1/2021, FPL and Gulf Power merged, with FPL as the surviving entity
3) Performance is 2019-2021 unless noted otherwise; DPS growth is 2017-2021
Performance (3
(3)
>10%
adjusted EPS
CAGR
~12%
Dividend per
share CAGR
>11%
Best in
class
regulatory
non-fuel
capital employed
O&M
CAGR (4)
>22,000
megawatts
originated (5)
4) 13-month average; includes retail rate base, wholesale rate base, clause-related investments and AFUDC
projects; excludes accumulated deferred income taxes
5) Wind, wind repowering, solar, and battery storage; as of April 21, 2022
~13%
adjusted EPS
CAGR
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