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Strengths

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Strengths – PowerPoint PPT presentation

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Title: Strengths


1
Fourth Quarter 2001
2
2
Safe Harbor Statement Any statements made
herein about future operating results or other
future events are forward-looking statements
under the Safe Harbor Provisions of the Private
Securities Litigation Reform Act of 1995. Actual
results may differ substantially from such
forward-looking statements. A discussion of
factors that could cause actual results or events
to vary is contained in FPL Group's 2000 SEC Form
10-K/A.
3
Solid Fourth Quarter 2001 Performance for FPL
Group
Net Income ( millions)
EPS
Up 10
Up 8
0.68
115
0.62
106
01
01
00
00
excluding non-recurring expenses and the
positive effect of FAS 133.
4
FPL Group 2001 Earnings
Up 7
EPS
Net Income ( millions)
Up 6
4.69
792
4.38
745
00
01
01
00
excluding non-recurring expenses and the
positive effect of FAS 133.
5
FAS 133 Effects Full Year 2001 ( million)
6
Strong Growth at FPL Fourth Quarter 2001
EPS
Up 18
Net Income ( millions)
109
0.65
92
0.54
01
00
00
01
excluding non-recurring expenses.
7
Strong 2001 at FPL Full Year 2001
EPS
Net Income ( millions)
Up 8
695
4.11
645
3.79
01
00
00
01
excluding non-recurring expenses.
8
Higher Retail Kilowatt-hour Sales Fourth
Quarter 2001
2.1 customer growth 2.1 increase in usage
per customer 4.2 increase in kwh sales
9
Higher Retail Kilowatt-hour Sales Full Year
2001
2.3 customer growth 0.4 increase in usage
per customer 2.7 increase in kwh sales
10
FPL Higher OM Lower Depreciation Fourth Quarter
2001 ( millions)
OM
Depreciation
324
317
253
226
00
01
00
01
11
FPL Higher OM Lower Depreciation Full Year
2001 ( millions)
OM
Depreciation
1,082
1,062
975
898
00
00
01
01
12
Rate Proceeding Timeline 2001-2002
Rate Case Decision
MFR Filings Completed
Hearings
Discovery
Sep
Oct
Nov
Jun
May
Apr
Feb
Mar
Jan
Dec
Jul
Aug
Service Hearings
Rates Finalized
Staff Recommendation
Settlement Alternative
13
FPL 2001 Highlights
Plant Availability
Service Unavailability
Fossil Fleet
Nuclear Fleet
95
92
87
87
107 min.
69 min.
FPL
FPL
FPL
Industry Avg.
Industry Avg.
Industry Avg.
Industry Average based on 2000 data.
14
FPL Energys Fourth Quarter 2001 Earnings Up
Net Income ( millions)
EPS
Up 20
Up 11
0.06
10
9
0.05
01
00
00
01
excluding non-recurring expenses and the
positive effect of FAS 133.
15
FPL Energy Earnings Growth Full year 2001
Net Income ( millions)
EPS
Up 27
Up 27
0.62
105
83
0.49
01
00
00
01
excluding non-recurring expenses and the
positive effect of FAS 133.
16
FPL Energy Earnings Drivers
  • Capacity Additions
  • Lamar Unit 2 495 net-MW gas plant in Texas
  • Additional 843 MW of wind assets
  • Doswell Expansion 171 MW peaking unit
  • Contribution from trading and hedging activities

17
Strong Future at FPL Energy (projected operating
net-MWs)
Marcus Hook IDC Bellingham
Calhoun Forney
RISE Bastrop Blythe Bayswater
Doswell Woodward Mountain Stateline Montfort King
Mountain Gray County
Existing Projects
98
99
00
01
02
97
03
04
18
Potential Financing Options
  • Non-recourse debt
  • Traditional debt
  • Hybrid securities
  • Such as equity-linked or convertible securities

19
Earnings Per Share Contributions Fourth Quarter
2001
excluding non-recurring expenses and the
positive effect of FAS 133.
20
Fourth Quarter EPS Factors
/ Share FPL Customer Growth
.05 Usage offset by refund provision
.03 OM (.03) Depreciation
.09 Other (.03)
Total FPL
.11 FPL Energy .01 Corporate and
Other (.06) Total FPL Group
.06
excluding non-recurring expenses and the
positive effect of FAS 133.
21
Earnings Per Share Contributions Full Year 2001
excluding non-recurring expenses and the
positive effect of FAS 133.
22
FPL Group 2001 EPS Factors
/ Share FPL Customer
Growth .24 Usage offset by
refund provision (.07) OM (.11)
Depreciation .27 Other (.01)
Total FPL
.32 FPL Energy
.13 Corporate and Other
(.14) Total FPL Group
.31
excluding non-recurring expenses and the
positive effect of FAS 133.
23
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