NRG Energy, Inc. (NYSE:NRG) Q1 2022 Earnings Conference Call May 6, 2022 9:00 AM ET Company Participants Kevin Cole - Head of Investor Relations Mauricio Gutierrez - President & Chief Executive Officer Alberto Fornaro - Chief Financial Officer Elizabeth Killinger - Head of Home Rob Gaudette - Head of Business & Market Operations Conference Call Participants Julien Dumoulin-Smith - Bank of America Shahriar Pourreza - Guggenheim Angie Storozynski - Seaport Keith Stanley - Wolfe Research Jonathan Arnold - Vert ...

| --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|-------|-------|------------------------------|-------------------------------------------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | NRG Energy Inc. May 06, 2022 | First Quarter 2022 Earnings Presentation | | | | | | | | | | | | | | | 1 Safe Harbor Forward-Looking Statements In addition to historical information, the information presented in this ...

Financial Data and Key Metrics Changes - Vivint Smart Home reported a revenue of $396.2 million for Q4 2021, representing a 19.7% increase year-over-year, and total revenue for the full year reached $1.48 billion, an 18.1% growth [24][25] - Adjusted EBITDA for Q4 2021 was $178.4 million with a margin of 45%, while for the full year, it was $669.1 million with a margin of 45.2%, reflecting growth of 23.4% and 15.6% respectively [25][26] - The last 12-month attrition rate improved to 11.3%, a 14-quarter low, indicating a 110 basis point improvement from the previous year [7][29] Business Line Data and Key Metrics Changes - The company finished 2021 with 1.86 million full subscribers, a 9.4% increase from the previous year, and the average monthly recurring revenue per user (AMRRU) increased by 4.4% [23][24] - New subscriber originations for Q4 2021 increased by 10% to 64,403, with a total of 360,590 new subscribers for the full year, up 5% [26][27] Market Data and Key Metrics Changes - The do-it-for-me segment in which Vivint operates is growing at approximately 2% per year, while Vivint is growing at four times that rate, indicating strong market positioning [19] - The company sold over 45 megawatts of smart energy in 2021, bringing smart energy to roughly 5,000 homes, with expectations for significant growth in 2022 [13][15] Company Strategy and Development Direction - Vivint is focused on building an integrated smart home platform that bundles smart energy, smart insurance, and intelligent smart home devices, aiming to enhance customer lifetime value and shareholder value [9][10] - The company plans to expand its smart insurance initiative, aiming to become a managing general agent (MGA) to develop specific solar coverages for customers [17][18] Management's Comments on Operating Environment and Future Outlook - Management acknowledged challenges related to COVID-19, inflationary pressures, and geopolitical unrest, which may temper growth expectations for 2022 [20][44] - Despite these challenges, the company expects to grow faster than its peers while expanding profitability and cash flow generation [32] Other Important Information - The company generated over $65 million in free cash flow for the full year 2021, despite inflationary pressures and changes in financing partner payment structures [7][29] - The net service cost per subscriber for 2021 was $10.41, remaining near all-time lows, while net subscriber acquisition costs decreased by 58.3% to $58 [28] Q&A Session Summary Question: Subscriber growth outlook for fiscal year 2022 - Management noted a slight decline in direct-to-home sales due to compliance issues and competition but expressed optimism about the smart energy solution's value proposition [36][37] Question: Challenges impacting subscriber growth - Management highlighted supply chain issues, economic concerns, and reduced consumer confidence as significant factors affecting growth expectations [43][44] Question: Free cash flow guidance - Management provided a narrower range for free cash flow due to predictable recurring revenue and known impacts from financing partner payment changes [47][50] Question: Price increases in 2021 - Management indicated a modest increase in monthly service revenue and a selective approach to passing on higher product costs to consumers [54][56] Question: Attrition trends going into 2022 - Management expects attrition to rise slightly due to a higher percentage of subscribers reaching the end of their initial contracts but remains optimistic about customer retention strategies [61][63] Question: AMRRU growth expectations - Management anticipates continued growth in AMRRU as more products are attached to existing customers and pricing adjustments are implemented [66][67] Question: Seasonality of cash flow - Management confirmed that Q1 and Q4 are typically cash-use quarters, while Q2 and Q3 are cash-source quarters, a trend expected to continue in 2022 [71]

Vivint Smart Home, Inc. Fourth Quarter & Full Year 2021 Results February 24, 2022 Forward-looking statements This presentation includes forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995, including but not Imited to, statements of Vivin Horne, Inc. (the "Company", "Vivint", "we", "our", or "us") reloted to the performance of our business, our financial results, our liquidity and capital resources, our pla and prospects, both business and financial, and other non-hi ...

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, 2021. ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition period from to . Commission file No. 001-15891 NRG Energy, Inc. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation or organizatio ...

| --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|-------|-------|----------------------------------|------------------------------------------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | NRG Energy Inc. November 4, 2021 | Third Quarter 2021 Earnings Presentation | | | | | | | | | | | | | | | 1 Safe Harbor Forward-Looking Statements In addition to historical information, the information presented ...

Vivint Smart Home, Inc. (VVNT) Q3 2021 Earnings Conference Call November 15, 2021 8:30 AM ET Company Participants Nate Stubbs - Vice President, Investor Relations David Bywater - Chief Executive Officer Dale Gerard - Chief Financial Officer Conference Call Participants Rajagopal Kamesh - Goldman Sachs Paul Chung - JPMorgan Ashish Sabadra - RBC Capital Markets Erik Woodring - Morgan Stanley Amit Daryanani - Evercore Brian Ruttenbur - Imperial Capital Operator Hello and welcome to the Vivint Smart Home, Inc. ...

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, 2021 ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number: 001-15891 NRG Energy, Inc. (Exact name of registrant as specified in its charter) Delaware 41-1724239 (State or other jurisdiction of incorporation or organization) (I.R.S. E ...

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, 2021 ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number: 001-15891 NRG Energy, Inc. (Exact name of registrant as specified in its charter) Delaware 41-1724239 (State or other jurisdiction of incorporation or organization) (I.R.S. Employ ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q NRG Energy, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delaware 41-1724239 (I.R.S. Employer Identification No.) 910 Louisiana Street Houston Texas 77002 (Address of principal executive offices) (Zip Code) (713) 537-3000 ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended: March 31 ...