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Sustainability in Everything We Do

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Sustainability in Everything We Do Sustainability in Everything We Do ANALYST DAY 2020 LEO DENAULT – CHAIRMAN AND CHIEF EXECUTIVE OFFICER September 24, 2020 Caution Regarding Forward-looking Statements and Regulation G Compliance In this presentation, and from time to time, Entergy Corporation makes certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, among other things, statements regarding Entergy’s 2020 earnings guidance, current financial and operational outlooks, and capital plan; statements regarding its environmental plans, goals, beliefs and expectations, including statements regarding its greenhouse gas reduction goals and strategies and statements regarding the planned addition of renewable generation, potential technological advances, legacy asset retirements, nuclear license extensions, offsets and other potential means of achieving its environmental goals; statements regarding opportunities to partner with customers and others to advance technology development or reduce societal emissions; and other statements of Entergy’s plans, beliefs, or expectations included in this presentation. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this presentation. Except to the extent required by the federal securities laws, Entergy undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Forward-looking statements are subject to a number of risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied in such forward-looking statements, including (a) those factors discussed elsewhere in this presentation and in Entergy’s most recent Annual Report on Form 10-K, any subsequent Quarterly Reports on Form 10-Q, and Entergy’s other reports and filings made under the Securities Exchange Act of 1934; (b) uncertainties associated with (1) rate proceedings, formula rate plans, and other cost recovery mechanisms, including the risk that costs may not be recoverable to the extent anticipated by the utilities and (2) implementation of the ratemaking effects of changes in law; (c) uncertainties associated with efforts to remediate the effects of major storms and recover related restoration costs; (d) risks associated with operating nuclear facilities, including plant relicensing, operating, and regulatory costs and risks; (e) changes in decommissioning trust fund values or earnings or in the timing or cost of decommissioning Entergy’s nuclear plant sites; (f) legislative and regulatory actions and risks and uncertainties associated with claims or litigation by or against Entergy and its subsidiaries; (g) risks and uncertainties associated with execution on our business strategies, including strategic transactions that Entergy or its subsidiaries may undertake and the risk that any such transaction may not be completed as and when expected and the risk that the anticipated benefits of the transaction may not be realized; (h) effects of changes in federal, state, or local laws and regulations and other governmental actions or policies, including changes in monetary, fiscal, tax, environmental, or energy policies; (i) the effects of changes in commodity markets, capital markets, or economic conditions; (j) impacts from a terrorist attack, cybersecurity threats, data security breaches, or other attempts to disrupt Entergy’s business or operations, and/or other catastrophic events; (k) the direct and indirect impacts of the COVID-19 pandemic on Entergy and its customers; and (l) the effects of technological change, including the costs, pace of development and commercialization of new and emerging technologies. This presentation includes the non-GAAP financial measures of adjusted EPS; adjusted ROE; parent debt to total debt, excluding securitization debt; FFO to debt, excluding securitization debt; FFO to debt, excluding securitization debt, return of unprotected excess ADIT, and severance and retention payments associated with exit of EWC; and net liquidity, including storm escrows when describing Entergy’s results of operations and financial performance. We have prepared reconciliations of these financial measures to the most directly comparable GAAP measure, which can be found in this presentation. This presentation should be considered together with the Entergy earnings release to which this teleconference relates, which is posted on the company’s website at www.entergy.com and which contains further information on non-GAAP financial measures. 1 We exist to grow a world-class energy business that creates sustainable value for our four stakeholders CUSTOMERS EMPLOYEES COMMUNITIES OWNERS Higher level of More engaged, Greener and more Steady predictable service while diverse, and better prosperous growth in earnings maintaining low rates trained workforce communities and dividends 2 Entergy Powers Relief Efforts Our Communities, Our Responsibilities Entergy powers COVID-19 relief efforts Entergy has been awarded the with grants of $3+ million, 2+ million meals, EEI storm response and/or assistance 5,000+ crisis grants, and more awards for 22 consecutive years 3 Hurricane Laura Strongest Hurricane to Make Landfall in Louisiana in 164 Years Robust storm response • >25,000 resources • >230 companies, including 24 other utilities, representing 31 states 4 Laura Wreaked Devastation Along Its Path ~14,000 poles ~4,800 transformers ~30,000 spans of wire Distribution >30,000 crossarms ~1,450 structures destroyed ~450 structures damaged >300 substations Transmission ~225 lines 5 Advanced-design Transmission Structures Held Up Well Rhodes to Nelson Lake Charles Transmission Line Transmission Project In service: 1971 In service: 2018 6 Restoration Extended by Transmission Damage 1:00 am: Hurricane Energized Restored power to Laura makes landfall transmission line Power most customers Lake Charles in Cameron, LA with into Lake Charles restored to outside of Power sustained winds of 99% of Calcasieu and Calcasieu Plant Station 150 mph impacted Cameron parishes comes online comes online customers 8/25 8/27 8/31 9/5 9/6 9/9 9/11 9/14 9/15 9/21 Storm workers ready Power Energized Restored Power to respond restored to transmission line into second restored to 80% of Calcasieu parish transmission 95% of impacted impacted Power restored to line into Lake customers customers >90% of impacted Charles customers 7 Helping Our Communities • With support from Entergy and others, the American Red Cross: − Deployed 1,800 volunteers and staff − Helped provide shelter to 21,000 − Provided >111,000 meals − Distributed 46,000 personal care items and disaster supplies − Provided counseling and mental health support for 4,000 individuals • Entergy shareholders: − Have committed $660,000 in charitable contributions to support communities impacted by Hurricane Laura − Are matching employee contributions to the Entergy Employee Assistance Fund, helping employees affected by the disaster 8 Strong Support for Our Storm Response “It seems like every couple of “Everybody can take some sense of hours we get an update that a satisfaction that Entergy is working very, very new neighborhood or a new area hard to make progress to bring power back of town has some lights on. I can't on.” -- Governor John Bel Edwards tell you how proud I am of our city employees and Entergy… for moving “We have someone in the building today who mountains to make these things happen.” is the president and CEO of Entergy Texas… their team is in here in force and getting this “If you would’ve told me two weeks ago that power and stuff restored as quickly as we would be sitting here today talking about possible so that our citizens that are on their power in Lake Charles over the next several way home can have power as quickly as days, I would’ve said there’s no way. I think possible to get back to repairing their homes.” the government can take a page out of Entergy’s book sometimes.” -- Orange County Judge John Gothia -- Lake Charles Mayor Nic Hunter 9 Published Comprehensive ESG Presentation Environmental Social Governance 10 Building the Premier Utility EVP AND CHIEF OPERATING OFFICER CHIEF EVP OPERATING AND Creating Continuous – Our On Track Our Vision SVP, CORPORATE SERVICES BUSINESS CORPORATE SVP, EVP AND CHIEF FINANCIAL AND FINANCIAL CHIEF EVP OFFICER CHAIRMAN AND CEO THE OFCHAIRMAN BOARD – an Optimal Improvement Environmental – to Achieve for Long-term – GROUP PRESIDENT, OPERATIONS UTILITY PRESIDENT, GROUP – Customer Creates Leadership Our Financial Sustainability Experience Value for All for a Cleaner Objectives Stakeholders World ROD WEST WEST ROD DENAULT LEO JULIE HARBERT HARBERT JULIE MARSH DREW PAUL HINNENKAMP HINNENKAMP PAUL 11 Industry leader in critical measures of sustainability Among the lowest retail rates in the U.S. One of the cleanest large-scale generation fleets in the U.S. Robust capital plan ready for deployment Uniquely Constructive and progressive regulatory mechanisms positioned to be Strong 5% to 7% adjusted EPS growth Clarity on dividend growth strategy Commitment to continuous improvement 12 Creating an Optimal Customer Experience ANALYST DAY 2020 DAY ANALYST ROD WEST – GROUP PRESIDENT, UTILITY OPERATIONS September 24, 2020 Building the Premier Utility EVP AND CHIEF OPERATING OFFICER OPERATING CHIEF AND EVP Creating Continuous – Our On Track Our Vision SVP, CORPORATE BUSINESS
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