Transforming For Our Future Third Quarter 2023 Earnings Cautionary Statements Forward-looking Statements Statements in this presentation not based on historical facts are considered "forward-looking" and, accordingly, involve risks and uncertainties that could cause actual results to differ materially from those discussed. Although such forward-looking statements have been made in good faith and are based on reasonable assumptions, there is no assurance that the expected results will be achieved. These stat ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the Quarterly Period Ended September 30, 2023 OR ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from to Exact name of registrant as specified in its charter; Commission State of Incorporation; IRS Employer File Number Address and Telephone Num ber Identification No ...

Ameren Corporation (NYSE:AEE) Q2 2023 Earnings Conference Call August 3, 2023 10:00 AM ET Company Participants Andrew Kirk - Director of Investor Relations Marty Lyons - President and Chief Executive Officer Michael Moehn - Senior Executive Vice President and Chief Financial Officer Conference Call Participants Julien Dumoulin-Smith - Bank of America Paul Patterson - Glenrock Associates Jeremy Tonet - J.P. Morgan Sophie Karp - KeyBanc Capital Markets Operator Greetings and welcome to Ameren Corporation's Se ...

Transforming For Our Future Second Quarter 2023 Earnings Cautionary Statements Forward-looking Statements Statements in this presentation not based on historical facts are considered "forward-looking" and, accordingly, involve risks and uncertainties that could cause actual results to differ materially from those discussed. Although such forward-looking statements have been made in good faith and are based on reasonable assumptions, there is no assurance that the expected results will be achieved. These sta ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the Quarterly Period Ended June 30, 2023 OR ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from to Exact name of registrant as specified in its charter; Commission State of Incorporation; IRS Employer File Number Address and Telephone Num ber Identification No . 1-1 ...

Ameren Corporation (NYSE:AEE) Q1 2023 Earnings Conference Call May 5, 2023 10:00 AM ET Company Participants Andrew Kirk - Director of Investor Relations Marty Lyons - President & Chief Executive Officer Michael Moehn - Senior Executive Vice President & Chief Financial Officer Conference Call Participants Robin Shillock - JPMorgan Operator Greetings, and welcome to Ameren Corporation's First Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question-and- ...

Transforming For Our Future First Quarter 2023 Earnings May 5, 2023 Cautionary Statements Forward-looking Statements Statements in this presentation not based on historical facts are considered "forward-looking" and, accordingly, involve risks and uncertainties that could cause actual results to differ materially from those discussed. Although such forward-looking statements have been made in good faith and are based on reasonable assumptions, there is no assurance that the expected results will be achieved ...

PART I. Financial Information [Item 1. Financial Statements (Unaudited)](index=4&type=section&id=Item%201.%20Financial%20Statements%20(Unaudited)) This section presents the unaudited consolidated financial statements for Ameren Corporation and its principal subsidiaries for Q1 2023 [Ameren Corporation Financial Statements](index=10&type=section&id=Ameren%20Corporation%20Financial%20Statements) Ameren Corporation reported a Q1 2023 net income of $264 million, or $1.00 per diluted share, with total assets reaching $38.06 billion Ameren Corporation Consolidated Statement of Income (Q1 2023 vs Q1 2022) | Metric | Three Months Ended March 31, 2023 | Three Months Ended March 31, 2022 | | :--- | :--- | :--- | | **Total Operating Revenues** | $2,062 million | $1,879 million | | **Operating Income** | $351 million | $331 million | | **Net Income Attributable to Ameren Common Shareholders** | $264 million | $252 million | | **Earnings per Common Share – Diluted** | $1.00 | $0.97 | Ameren Corporation Consolidated Balance Sheet Highlights | Metric | March 31, 2023 | December 31, 2022 | | :--- | :--- | :--- | | **Total Assets** | $38,064 million | $37,904 million | | **Total Liabilities** | $27,328 million | $27,267 million | | **Total Equity** | $10,736 million | $10,637 million | Ameren Corporation Consolidated Statement of Cash Flows (Q1 2023 vs Q1 2022) | Metric | Three Months Ended March 31, 2023 | Three Months Ended March 31, 2022 | | :--- | :--- | :--- | | **Net cash provided by operating activities** | $496 million | $388 million | | **Net cash used in investing activities** | ($964) million | ($780) million | | **Net cash provided by financing activities** | $489 million | $391 million | [Union Electric Company (d/b/a Ameren Missouri) Financial Statements](index=14&type=section&id=Union%20Electric%20Company%20(d%2Fb%2Fa%20Ameren%20Missouri)%20Financial%20Statements) Ameren Missouri's net income decreased to $28 million in Q1 2023 from $50 million in Q1 2022, driven by higher purchased power costs Ameren Missouri Consolidated Statement of Income (Q1 2023 vs Q1 2022) | Metric | Three Months Ended March 31, 2023 | Three Months Ended March 31, 2022 | | :--- | :--- | :--- | | **Total Operating Revenues** | $923 million | $818 million | | **Operating Income** | $60 million | $65 million | | **Net Income Available to Common Shareholder** | $28 million | $50 million | [Ameren Illinois Company (d/b/a Ameren Illinois) Financial Statements](index=19&type=section&id=Ameren%20Illinois%20Company%20(d%2Fb%2Fa%20Ameren%20Illinois)%20Financial%20Statements) Ameren Illinois reported an increased net income of $198 million in Q1 2023, up from $169 million year-over-year, supported by higher electric revenues Ameren Illinois Statement of Income (Q1 2023 vs Q1 2022) | Metric | Three Months Ended March 31, 2023 | Three Months Ended March 31, 2022 | | :--- | :--- | :--- | | **Total Operating Revenues** | $1,101 million | $1,024 million | | **Operating Income** | $276 million | $246 million | | **Net Income Available to Common Shareholder** | $198 million | $169 million | [Note 2. Rate and Regulatory Matters](index=23&type=section&id=Note%202.%20Rate%20and%20Regulatory%20Matters) This note details significant regulatory activities, including rate case filings in Missouri and Illinois and a pending FERC decision on ROE - Ameren Missouri filed a nonunanimous stipulation with the MoPSC to increase annual electric service revenues by **$140 million**[81](index=81&type=chunk) - Ameren Illinois filed a Multi-Year Rate Plan (MYRP) with the ICC to set electric distribution rates from 2024 through 2027, requesting a **10.5% ROE** and forecasting a revenue requirement of **$1.28 billion** for 2024[90](index=90&type=chunk)[91](index=91&type=chunk) - Ameren Illinois also filed a request to increase annual natural gas delivery service revenues by **$160 million**, based on a **10.7% ROE** and a **$2.9 billion** rate base[98](index=98&type=chunk) - The FERC-allowed base ROE for transmission rates remains subject to complaint cases, where a **50 basis point change** would impact Ameren's annual revenue by an estimated **$19 million**[99](index=99&type=chunk) [Note 9. Commitments and Contingencies](index=43&type=section&id=Note%209.%20Commitments%20and%20Contingencies) This note outlines environmental compliance costs, ongoing litigation concerning the Rush Island Energy Center, and other site remediation obligations - Ameren and Ameren Missouri estimate capital expenditures of **$90 million to $120 million** from 2023 through 2027 to comply with existing environmental regulations[155](index=155&type=chunk) - Litigation regarding the Rush Island Energy Center continues, with Ameren Missouri requesting to retire the plant, which has a net plant balance of approximately **$0.6 billion**, by mid-2025[162](index=162&type=chunk)[163](index=163&type=chunk) - Ameren Illinois has an estimated remaining obligation of **$58 million to $108 million** for the remediation of former MGP sites, with costs recoverable from customers[171](index=171&type=chunk) [Note 14. Segment Information](index=54&type=section&id=Note%2014.%20Segment%20Information) This note provides a breakdown of Q1 2023 financial performance and capital expenditures by business segment Ameren Net Income by Segment (Q1 2023) | Segment | Net Income Attributable to Ameren Common Shareholders (in millions) | | :--- | :--- | | Ameren Missouri | $28 | | Ameren Illinois Electric Distribution | $61 | | Ameren Illinois Natural Gas | $87 | | Ameren Transmission | $71 | | Other | $17 | | **Total** | **$264** | Ameren Capital Expenditures by Segment (Q1 2023) | Segment | Capital Expenditures (in millions) | | :--- | :--- | | Ameren Missouri | $481 | | Ameren Illinois Electric Distribution | $170 | | Ameren Illinois Natural Gas | $51 | | Ameren Transmission | $213 | | Other / Intersegment | $16 | | **Total** | **$931** | [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=57&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses Q1 2023 financial results, key performance drivers, liquidity, capital resources, and the company's strategic outlook - Q1 2023 net income attributable to common shareholders was **$264 million ($1.00/share)**, up from **$252 million ($0.97/share)** in Q1 2022[214](index=214&type=chunk) - **Positive earnings drivers** included increased rate base investments across all segments and a higher recognized ROE at Ameren Illinois Electric Distribution[214](index=214&type=chunk) - **Negative earnings impacts** included decreased electric retail sales at Ameren Missouri due to warmer winter weather and increased financing costs[214](index=214&type=chunk) - The company invested **$0.9 billion** in its rate-regulated businesses in Q1 2023 as part of its strategic plan[215](index=215&type=chunk) [Results of Operations](index=61&type=section&id=Results%20of%20Operations) The Q1 2023 earnings per share increased by $0.03, driven by rate base investments but partially offset by lower sales and higher financing costs - Favorable EPS impact from increased rate base investments at Ameren Transmission and Ameren Illinois Electric Distribution, and a higher recognized ROE at Ameren Illinois Electric Distribution (**+7 cents**)[233](index=233&type=chunk) - Unfavorable EPS impact from decreased electric retail sales at Ameren Missouri due to warmer winter temperatures (**-10 cents**)[234](index=234&type=chunk) - Unfavorable EPS impact from increased financing costs due to higher debt balances and interest rates (**-4 cents**)[234](index=234&type=chunk) - Other operations and maintenance expenses **decreased by $13 million**, partly due to a **$9 million increase** in the cash surrender value of COLI at Ameren Missouri[265](index=265&type=chunk)[266](index=266&type=chunk) [Liquidity and Capital Resources](index=79&type=section&id=Liquidity%20and%20Capital%20Resources) The company maintained $1.4 billion in net available liquidity while increasing capital expenditures and planning for future investments - Net available liquidity was **$1.4 billion** as of March 31, 2023, with an additional **$317 million** potentially available from settling forward sale agreements[287](index=287&type=chunk) Cash Flow Summary (Q1 2023 vs Q1 2022) | Activity | Q1 2023 (in millions) | Q1 2022 (in millions) | | :--- | :--- | :--- | | Cash from Operations | $496 | $388 | | Cash used in Investing | ($964) | ($780) | | Cash from Financing | $489 | $391 | - Ameren plans to invest up to **$20.5 billion** in capital expenditures from 2023 through 2027[358](index=358&type=chunk) - Ameren expects to issue approximately **$500 million of equity annually** from 2024 to 2027, in addition to about **$100 million annually** from DRPlus and employee benefit plans[287](index=287&type=chunk) [Outlook](index=88&type=section&id=Outlook) The company outlines significant capital investment plans in renewables, navigates economic pressures, and advances its net-zero emissions goal - Ameren is targeting **net-zero carbon emissions by 2045**, with plans to add **2,800 MW** of renewable generation by 2030 and retire coal-fired plants[348](index=348&type=chunk)[350](index=350&type=chunk) - The company plans to invest up to **$20.5 billion** from 2023-2027, including **$2.5 billion** in renewable generation and **$0.8 billion** in MISO long-range transmission projects[358](index=358&type=chunk) - Ameren Missouri expects a decision by June 2023 on its request for a **$140 million** annual electric revenue increase[331](index=331&type=chunk) - Based on preliminary calculations, Ameren **does not expect to be subject to the 15% minimum tax** on adjusted financial statement income imposed by the IRA in 2023 and 2024[369](index=369&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=104&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) Market risk disclosures are materially unchanged, and the company confirms no outstanding contracts with Russian uranium suppliers - **No material changes** to market risk disclosures since the last Form 10-K[372](index=372&type=chunk) - Ameren Missouri has fulfilled its contract with a Russian uranium supplier and has **no further supply contracts with Russian entities**, with fuel needs secured through 2026[372](index=372&type=chunk) [Item 4. Controls and Procedures](index=104&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective with no material changes to internal controls during the quarter - As of March 31, 2023, the principal executive and financial officers concluded that the company's **disclosure controls and procedures are effective**[373](index=373&type=chunk) - **No material changes** to internal control over financial reporting occurred during the most recent fiscal quarter[374](index=374&type=chunk) PART II. Other Information [Item 1. Legal Proceedings](index=106&type=section&id=Item%201.%20Legal%20Proceedings) The company's ordinary course legal proceedings are not expected to have a material adverse financial effect - The company is involved in legal proceedings arising in the ordinary course of business and **does not expect them to have a material adverse effect**[376](index=376&type=chunk) [Item 1A. Risk Factors](index=106&type=section&id=Item%201A.%20Risk%20Factors) No material changes have occurred to the risk factors previously disclosed in the company's Form 10-K - **No material changes** to the risk factors disclosed in the Form 10-K have occurred[377](index=377&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=106&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) No company equity securities were purchased by Ameren or its subsidiaries during the first quarter of 2023 - **No reportable purchases of equity securities** were made by Ameren Corporation, Ameren Missouri, or Ameren Illinois during the first quarter of 2023[377](index=377&type=chunk) [Item 6. Exhibits](index=107&type=section&id=Item%206.%20Exhibits) This section lists all exhibits filed with the Form 10-Q, including indentures, officer certifications, and XBRL data - Exhibits filed include a supplemental indenture for Ameren Missouri's new bonds, certifications by principal officers, and XBRL data files[380](index=380&type=chunk)

Missouri Electric Rate Review Apr. 7, 2023 Cautionary Statements Forward-looking Statements Statements in this presentation not based on historical facts are considered "forward-looking" and, accordingly, involve risks and uncertainties that could cause actual results to differ materially from those discussed. Although such forward-looking statements have been made in good faith and are based on reasonable assumptions, there is no assurance that the expected results will be achieved. These statements includ ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ Annual report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the fiscal year ended December 31, 2022 OR ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from to Exact name of registrant as specified in its charter; Commission State of Incorporation; IRS Employer File Number Address and Telephone Num ber Identification No . 1-14756 ...