Financial Data and Key Metrics Changes - The company reported adjusted earnings per share (EPS) of $2.89 for 2022, at the high end of guidance, and raised 2023 adjusted EPS guidance to a range of $3.06 to $3.12 from $3.05 to $3.11 [89][118] - The total utility customer investment plan was increased by $1.2 billion to $15.5 billion through 2027, reflecting a commitment to growth and infrastructure [90][152] - The company achieved $58 million in savings in 2022 through cost management initiatives [88] Business Line Data and Key Metrics Changes - Residential load was down about 1%, while commercial load was up over 1.5%, and industrial load, excluding one large low-margin customer, was up over 2.5% [1][2] - The company anticipates flat to slightly up load growth in 2023, with residential continuing to recover as people return to work [2][3] Market Data and Key Metrics Changes - The company noted robust economic development opportunities in Michigan, driven by the Chips and Science Act and the Inflation Reduction Act, which are expected to enhance load growth in the future [3][4] - Michigan was recognized as a top state for planned battery plant capacity, indicating strong market potential for energy-intensive businesses [87] Company Strategy and Development Direction - The company is focused on a clean energy transformation, with plans to exit coal generation by 2025 and a commitment to reduce its carbon footprint by over 60% [105][121] - The company is leveraging regulatory mechanisms to support infrastructure investments and customer benefits, including a $22 million voluntary refund mechanism [88][106] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the 2023 outlook, citing a strong regulatory environment and a disciplined approach to cost management [110][124] - The company plans to continue its focus on energy efficiency and demand response programs, which are expected to provide additional earnings [91][139] Other Important Information - The company plans to resume its at-the-market equity issuance program in the amount of up to $350 million per year from 2025 through 2027 [115][150] - The company successfully settled $55 million of equity forward contracts and opportunistically priced approximately $440 million of equity forward contracts at favorable rates [95][117] Q&A Session Summary Question: What are the impacts of the IRA on the plan? - The IRA is expected to provide additional benefits for customers, with an estimated $60 million in annual savings by 2026 due to the production tax credit [128] Question: Can you comment on the CapEx update now including Covert? - The updated plan includes Covert and a significant tranche of renewables, with a focus on maintaining a strong regulatory backdrop [127] Question: What is the anticipated load growth in the latest outlook? - The company is assuming about 0.25% load growth on a blended basis, with residential down slightly and commercial and industrial up [72][56]

CMS ENERGY 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 t ...

CMS ENERGY 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 t ...

CMS Energy Corporation (NYSE:CMS) Q3 2022 Earnings Conference Call October 27, 2022 9:30 AM ET Company Participants Sri Maddipati - Treasurer and Vice President, Finance & Investor Relations Garrick Rochow - President & Chief Executive Officer Rejji Hayes - Executive Vice President & Chief Financial Officer Conference Call Participants Insoo Kim - Goldman Sachs Shar Pourreza - Guggenheim Partners Jeremy Tonet - JPMorgan Julien Dumoulin-Smith - Bank of America David Arcaro - Morgan Stanley Travis Miller - Mo ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____to_____ | --- | --- | --- | |----------------------------|------------------------------------------------------------------------------------ ...

Financial Performance & Outlook - CMS Energy's Q2 2022 adjusted EPS was $0.53, exceeding expectations[14] - The company's adjusted EPS guidance for 2022 is $2.85 - $2.89, indicating premium growth[14] - The annual dividend per share (DPS) is $1.84, a 10¢ increase compared to 2021[14] - CMS Energy projects an adjusted EPS growth of +6% to +8% and a DPS growth of +6% to +8%[6, 15] - The 5-year capital plan is $14.3 billion, excluding IRP upside[15] Clean Energy Transformation - CMS Energy is committed to exiting coal by 2025[13] - The company plans to add 8 GW of solar and >0.5 GW of battery storage by 2040[13] - By 2040, the company plans to add >0.5 GW of battery storage[13] Regulatory Environment & Financial Stability - Michigan's regulatory environment is considered top-tier, supporting timely recovery of investments and constructive ROEs[7, 9, 10] - Consumers Energy plans to issue $800 million in First Mortgage Bonds in 2022[23] - The company has >$2.5 billion in net liquidity[24] Cost Savings & Risk Mitigation - CMS Energy has identified >$200 million in future cost savings through productivity initiatives[65] - The company is de-risking inflationary pressures through various measures, including Campbell coal unit retirements (>$90 million adj O&M savings)[44, 69]

CMS Energy Corporation (NYSE:CMS) Q2 2022 Earnings Conference Call July 28, 2022 9:30 AM ET Company Participants Sri Maddipati - Treasurer and Vice President, Finance & Investor Relations Garrick Rochow - President & Chief Executive Officer Rejji Hayes - Executive Vice President & Chief Financial Officer Conference Call Participants Shar Pourreza - Guggenheim Partners Jeremy Tonet - JPMorgan Michael Sullivan - Wolfe Research Julien Dumoulin-Smith - Bank of America Andrew Weisel - Scotiabank David Arcaro - M ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____to_____ | --- | --- | --- | |----------------------------|----------------------------------------------------------------------------------------- ...

CMS ENERGY Leading the CLEAN ENERGY TRANSFORMATION First Quarter 2022 Results and Outlook May 3, 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 ...

CMS Energy Corp (NYSE:CMS) Q1 2022 Earnings Conference Call May 3, 2022 9:00 AM ET Company Participants Srikanth Maddipati - VP, IR & Finance and Treasurer Garrick Rochow - President, CEO & Director Rejji Hayes - EVP & CFO Conference Call Participants Michael Sullivan - Wolfe Research Jeremy Tonet - JPMorgan Chase & Co. Andrew Weisel - Scotiabank Insoo Kim - Goldman Sachs Group Shahriar Pourreza - Guggenheim Securities Jonathan Arnold - Vertical Research Partners Travis Miller - Morningstar Inc. Durgesh Cho ...