Earnings Conference Call

First Quarter 2022

April 21, 2022

Cautionary Statements And Risk Factors That May Affect Future Results

These presentations include forward-looking statements within the meaning of the federal securities laws. Actual results could differ materially from such forward-looking statements. The factors that could cause actual results to differ are discussed in the Appendix herein and in NextEra Energy's and NextEra Energy Partners' SEC filings.

Non-GAAP Financial Information

These presentations refer to certain financial measures that were not prepared in accordance with U.S. generally accepted accounting principles. Reconciliations of those non-GAAP financial measures to the most directly comparable GAAP financial measures can be found in the Appendix herein.

Other

See Appendix for definition of Adjusted Earnings, Adjusted EBITDA, Adjusted EBITDA by Asset Category, and CAFD expectations.

For 2022 and beyond, FPL has one reporting segment and, therefore, 2021 financial results and other operational metrics have been restated for comparative purposes.

NextEra Energy delivered strong first quarter performance

First Quarter 2022 Highlights

  • • NextEra Energy grew adjusted EPS by 10.4% year-over-year

  • • FPL:

    • - Nearly 13% year-over-year net income growth driven primarily by continued investment in the business

    • - Completed planned solar build for 2022, commissioning ~450 MW of new solar and bringing total owned and operated solar portfolio to more than 3,600 MW, which is largest of any utility in the country

  • • Energy Resources:

    • - Adjusted earnings growth driven primarily by favorable performance in existing generation portfolio

    • - ~1,770 net MW of renewables and storage added to backlog

      Includes ~1,200 net MW of new wind, which is second largest quarter of wind origination in Energy Resources' history

    NextEra Energy is off to a solid start to meet its overall objectives

FPL's earnings per share increased 5 cents from the prior- year comparable quarter

FPL - First Quarter

Net Income

($ MM)

$777

$875

EPS

$0.44

$0.39

2021

2022

2021

2022

Continued investment in the business was the primary driver of growth at FPL

FPL EPS Contribution Drivers

EPS Growth

Regulatory Capital Employed(1)

First Quarter

FPL - 2021 EPS $0.39

Drivers:

New investments $0.05

FPL - 2022 EPS

60.0

$B

$0.44

50.0

40.0

30.0

20.0

10.0

0.0

Q1 2021

Retail Rate BaseQ1 2022Other

1) Excludes accumulated deferred income taxes; 4-month average; includes retail rate base, wholesale rate base, clause-related investments and AFUDC projects

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NextEra Energy Inc. published this content on 21 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 April 2022 11:34:02 UTC.