Second Quarter 2022 Earnings Conference Call July 28, 2022 Cautionary Note Regarding Forward-Looking Statements Certain information contained in this presentation is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, financial objectives, earnings guidance, statements concerning cost and schedule for completion of ongoing construction projects, and planned financing activities. Southern Company a ...

Southern Co (NYSE:SO) Q2 2022 Earnings Conference Call July 28, 2022 1:00 PM ET Company Participants Scott Gammill - Director, IR Thomas Fanning - Chairman, President & CEO Daniel Tucker - EVP & CFO Conference Call Participants Shahriar Pourreza - Guggenheim Securities Steven Fleishman - Wolfe Research Julien Dumoulin-Smith - Bank of America Merrill Lynch Jeremy Tonet - JPMorgan Chase & Co. Paul Patterson - Glenrock Associates David Arcaro - Morgan Stanley Michael Lapides - Goldman Sachs Group Nicholas Camp ...

Table of Contents Index to Financial Statements UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrants were required to file such reports), and (2) have been subject to such filing require ...

The Southern Company (NYSE:SO) Q1 2022 Earnings Conference Call April 28, 2022 1:00 PM ET Company Participants Scott Gammill - Director, Investor Relations Tom Fanning - Chairman, President & Chief Executive Officer Dan Tucker - Chief Financial Officer Conference Call Participants Julien Dumoulin-Smith - Bank of America Steve Fleishman - Wolfe Research Angie Storozynski - Seaport Global Shahriar Pourreza - Guggenheim Partners Michael Lapides - Goldman Sachs Jeremy Tonet - JPMorgan Paul Fremont - Mizuho Nich ...

First Quarter 2022 Earnings Conference Call April 28, 2022 Cautionary Note Regarding Forward-Looking Statements Certain information contained in this presentation is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, financial objectives, earnings guidance, statements concerning cost and schedule for completion of ongoing construction projects, emissions reduction goals and planned financing acti ...

Table of Contents Index to Financial Statements 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 March 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 | | Registrant, | | | --- | --- | --- | | Commission | State of Incorporation, | I.R.S. Employer | | File Number | Add ...

Financial Data and Key Metrics Changes - The company reported adjusted earnings per share (EPS) of $3.41 for 2021, which is $0.16 higher than adjusted results in 2020 and $0.06 above the top end of the original 2021 guidance range [25] - Weather-adjusted retail electricity sales increased by 2.4% compared to 2020, with residential sales outpacing expectations by 2.7% [28][29] - The adjusted earnings guidance for 2022 is set at $3.50 to $3.60 per share, representing a growth rate of approximately 7.5% from the midpoint of the original 2021 guidance range [33] Business Line Data and Key Metrics Changes - All major subsidiaries had strong performance in 2021, driven by customer growth and improving retail sales trends [25] - The company experienced a negative $0.05 variance for weather compared to 2020 and a negative $0.14 variance compared to normal weather [26] - The average residential electric customer additions were 43% higher over the past two years than the average for the five years ended in 2019 [30] Market Data and Key Metrics Changes - The economic development pipeline within the Southeast service territories remains robust, with job announcements 22% higher and business investment in Georgia 39% higher than the average for the years leading up to the pandemic [32] - The company added nearly 55,000 new residential electric customers and 30,000 residential natural gas customers across its regulated utilities over the last two years [30] Company Strategy and Development Direction - The company reaffirmed its long-term growth rate expectation of 5% to 7%, with adjusted earnings per share projected in a range of $4 to $4.30 in 2024 [11][34] - The Integrated Resource Plan (IRP) filed by Georgia Power outlines a roadmap for transitioning to cleaner resources, including the retirement of coal units by 2028 and the addition of 6,000 megawatts of renewable generation by 2035 [21][22] - The company is focused on sustainability and long-term value, with significant capital investment plans totaling approximately $41 billion [36][40] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the impact of milder temperatures on financial performance but highlighted strong customer growth and improving sales trends as positive factors [26][29] - The company is optimistic about the long-term viability of its franchise, driven by economic recovery and customer growth in its service territories [111] - Management emphasized the importance of getting the Vogtle Units 3 and 4 project completed safely and efficiently, with a focus on quality construction and documentation [15][19] Other Important Information - The company recorded an after-tax charge of $686 million during the fourth quarter related to the Vogtle project, with total capital cost forecast for Georgia Power increasing by $480 million [19][18] - The company has a disciplined approach to capital forecasting, ensuring that only expected returns are included in forecasts [37] Q&A Session Summary Question: Breakdown of incremental costs related to Vogtle - The incremental cost of $440 million includes $180 million driven by the co-owners agreement, with $260 million representing Georgia Power's assumption of costs above the threshold [50][51] Question: Impact of COVID-related costs on the project - Management acknowledged that COVID had an impact on the project, but it is not a major driver of the recent cost increase [100][101] Question: Clarification on IRP-related spending - There is modest transmission spending included in the $41 billion base plan, with additional spending expected beyond the forecast period [66] Question: Thoughts on asset optimization and potential sales - The company is open to both buying and selling assets, focusing on what is best for long-term growth [75][76] Question: Clarification on Vogtle co-owners' decision-making - The processes for voting to proceed and tendering costs are separate, and management is not aware of any reasons for co-owners to not proceed [60][62] Question: Clarification on inspection reports and NRC involvement - Management stated that missing inspection reports have not necessitated comprehensive rework, and the NRC is focused on ensuring safety standards are met [83][85]

Fourth Quarter 2021 Earnings Conference Call February 17, 2022 > Southern Company Cautionary Note Regarding Forward-Looking Statements Certain information contained in this presentation is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, financial objectives, earnings guidance, statements concerning cost and schedule for completion of ongoing construction projects, emission reduction goals and ...

Table of Contents Index to Financial Statements 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 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from to | | Registrant, | | | --- | --- | --- | | Commission | State of Incorporation, | I.R.S. Employer | | File Number | Address ...

The Southern Company (NYSE:SO) Q3 Earnings Conference Call November 4, 2021 1:00 PM ET Company Participants Tom Fanning – Chairman, President and Chief Executive Officer Scott Gammill – Investor Relations Director Drew Evans – Chief Financial Officer Conference Call Participants Shar Pourreza – Guggenheim Julien Dumoulin-Smith – Bank of America Steve Fleishman – Wolfe Research Jeremy Tonet – JPMorgan Michael Lapides – Goldman Sachs Paul Fremont – Mizuho Operator Good afternoon. My name is Myra, (ph) and I w ...