NextEra Energy (NEE) Investor presentation summary

Strategic positioning and operational scale

• Holds ~$290B enterprise value and operates ~82 GW of energy assets, including the largest electric utility and energy infrastructure developer in the U.S.

• Recognized as a world leader in renewables, battery storage, and artificial intelligence in energy operations.

• Maintains a robust supply chain with secured battery, solar, and wind components through 2029, and significant inventory coverage for renewable projects.

Growth drivers and investment outlook

• Identifies over 12 growth avenues, including renewables, storage, transmission, gas, nuclear, and AI, with investments mapped through 2035.

• Florida Power & Light (FPL) continues rapid customer growth, maintains bills ~30% below national average, and leads in solar and storage deployment.

• FPL's rate settlement ensures low bills, top-end ROE of 11.95%, and a rate stabilization mechanism through 2029.

Financial performance and expectations

• Targets 8%+ adjusted EPS CAGR through 2032 and 2035, with 2025 adjusted EPS base of $3.71.

• Operating cash flow expected to match or exceed EPS growth; dividend per share growth targeted at 10% for 2026 and 6% annually through 2028.

• Interest rate sensitivity is low, with $46.2B in notional interest rate hedges limiting EPS impact from rate increases.