Consumers Energy : 2022 ESG Presentation

Leading the

CLEAN ENERGY

TRANSFORMATION

Environmental, Social & Governance

November 2022

This presentation is made as of the date hereof and contains "forward-looking statements" as defined in Rule 3b-6 of the Securities Exchange Act of 1934, Rule 175 of the Securities

Act of 1933, and relevant legal decisions. The forward-looking statements are subject to risks and uncertainties. All forward-looking statements should be considered in the context of

the risk and other factors detailed from time to time in CMS Energy's and Consumers Energy's Securities and Exchange Commission filings. Forward-looking statements should be read in conjunction with "FORWARD-LOOKING STATEMENTS AND INFORMATION" and "RISK FACTORS" sections of CMS Energy's and Consumers Energy's most recent Form 10-K and as updated in reports CMS Energy and Consumers Energy file with the Securities and Exchange Commission. CMS Energy's and Consumers Energy's "FORWARDLOOKING STATEMENTS AND INFORMATION" and "RISK FACTORS" sections are incorporated herein by reference and discuss important factors that could cause CMS Energy's and Consumers Energy's results to differ materially from those anticipated in such statements. CMS Energy and Consumers Energy undertake no obligation to update any of the information presented herein to reflect facts, events or circumstances after the date hereof.

The presentation also includes non-GAAP measures when describing CMS Energy's results of operations and financial performance. A reconciliation of each of these measures to

the most directly comparable GAAP measure is included in the appendix and posted on our website at www.cmsenergy.com.

Investors and others should note that CMS Energy routinely posts important information on its website and considers the Investor Relations section,www.cmsenergy.com/investor- relations, a channel of distribution.

Presentation endnotes are included after the appendix.

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CMS Energy Overview

Corporate Structure

		CMS Energy
		(NYSE: CMS)
Consumers Energy	NorthStar
Clean Energy
		2021
>95% pro forma		Avg. Rate Base
regulated utility		$13.4B
earnings	Electric

Gas$7.7B

Key Information

2021 Financial Statistics

	Based in Jackson, MI
~8,500	Employees (41% unionized)a
$7.3B	Revenue
$767M	Adjusted net incomeb
19 years	Industry-leading financial
	performance
6% to 8%	Long-term adj. EPSb growth
6% to 8%	Long-term DPSc growth

Senior Management Team

Garrick Rochow

CEO

Rejji Hayes	Shaun Johnson	Cathy Hendrian	DV Rao
CFO	General Counsel	People & Culture	Strategy & Planning
LeeRoy Wells	Brian Rich	Tonya Berry	Brandon Hofmeister
Operations	Customer Experience & Tech	Transformation & Engineering	Gov't & Regulatory Affairs

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Presentation endnotes are included after the appendix.

Consumers Energy Positioned Well . . .

4th Largest Combination Utility

• Electric Utility

1.9M electric customers

7,852 MW of capacity

• Gas Utility

1.8M gas customers

309 Bcf gas storage

• Serving 6.8M Michigan residents

Consumers Energy Planet Goalsa

• Exit coal by 2025
• Net zero methane emissions by 2030
• Net zero carbon emissions by 2040
• Net zero GHG emissions by 2050

Electric		Gas		Combined

Attracted

>700 MW

of new or

expanding load since 2015b

Presentation endnotes are included after the appendix.

. . . to lead the Clean Energy Transformation.

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NorthStar Clean Energy . . .

Renewable Platform

• 373 MW of contracted wind (OH, TX)
• 64 MW of contracted biomass (MI, NC)
• 30 MW of contracted solar (MI, WI)

DIG & Other

• >1,000 MW in MI (including DIG & Peakers)
• Upside: tightening supply with future retirements

NorthStar Clean Energy helps companies with sustainability targets decarbonize through customized green energy and decarbonization solutions. Based in Michigan, NorthStar Clean Energy works alongside its commercial and industrial clients as one team to reduce emissions.

. . . providing solutions to help companies meet their decarbonization targets.

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