Financial Performance & Growth - NiSource reaffirmed its 2025 adjusted EPS guidance of $1.85-$1.89[12] - The company projects an annual adjusted EPS growth of 6%-8% from 2025-2029[9, 12] - NiSource anticipates an 8%-10% rate base growth from 2025-2029[9] - The company is targeting a 14%-16% annual FFO/Debt through 2029[9, 12] - NiSource reported Q1 2025 GAAP net income available to common shareholders of $474.8 million, compared to $344.3 million in Q1 2024, an increase of $130.5 million[26] - Adjusted net income available to common shareholders for Q1 2025 was $462.3 million, up from $382.8 million in Q1 2024, representing a $79.5 million increase[26] - Adjusted earnings per share for Q1 2025 was $0.98, compared to $0.85 in Q1 2024, a $0.13 increase[26] Capital Investments & Funding - NiSource plans a base plan capital investment of $19.4 billion from 2025-2029[9, 12] - The company has an upside 5-year capital opportunity of $2.2 billion from 2025-2029, which is not included in the base plan[29] - The capital investment funding sources are projected to be 50%-55% from cash from operations, 35%-40% from net new debt, 6%-8% from equity, and 3%-5% from minority interest contribution[31] Strategic Initiatives - NiSource aims to achieve Net Zero emissions by 2040[9, 58] - The company is focused on building a constructive regulatory foundation, including rate case filings and approvals in various states[12, 19] - NiSource is prioritizing operational excellence through AI utilization and continuous improvement initiatives[12, 16]

Core Insights - Google has signed an agreement with Elementl Power to develop three advanced nuclear reactor sites to meet the energy demands of data centers [1][2] - Each site is expected to generate a minimum of 600 megawatts of power capacity, with Google having the option to purchase the power once operational [2][3] - Elementl Power aims to add 10 gigawatts of nuclear power to the grid by 2035, indicating a significant commitment to nuclear energy development [6] Company Initiatives - Google is investing in early-stage development capital for the nuclear projects, focusing on site permitting and securing interconnection rights [2][5] - The collaboration is part of Google's strategy to enhance power grid reliability and support the growing energy needs driven by AI and innovation [3][6] - Elementl Power, founded in 2022, is currently technology agnostic regarding reactor types and will select the most advanced technology when construction begins [4][5] Industry Context - The demand for baseload power is increasing, with estimates suggesting that 50 gigawatts of new power capacity will be needed by 2027 to support AI [7][8] - Other tech companies, including Amazon and Nvidia, have acknowledged the ongoing need for reliable power sources despite concerns about AI efficiency reducing energy requirements [7]

Core Points - Suncor Energy held its Annual General Meeting in Calgary, with approximately 70.29% of outstanding common shares represented [1] - The company is Canada's leading integrated energy company, involved in oil sands development, offshore oil production, petroleum refining, and renewable energy investments [3] Shareholder Votes - Eleven board members were elected, with voting percentages for individual directors ranging from 94.68% to 99.19% [5] - KPMG LLP was appointed as Suncor's auditors [5] - Management's approach to executive compensation was approved with 97.06% of shares voting in favor [5] - A resolution to commission a report on the impacts and costs of achieving Net Zero by 2050 was denied, with 98.50% voting against it [5]

Financial Data and Key Metrics Changes - Duke Energy increased its capital plan to $83 billion over the next five years, one of the largest regulated plans in the industry [28] - The company reported a consistent annual growth rate of 5% to 7% and has paid a dividend for 99 consecutive years [30][42] Business Line Data and Key Metrics Changes - The company avoided over 2.3 million customer outages and more than 11 million hours of total outage time through grid improvements [29] - Duke Energy provided nearly $148 million in energy bill assistance, supporting over 210,000 households [30] Market Data and Key Metrics Changes - The company reported that all residential rates across its regions are below the national average [46] - The stock price has ranged from $100 to $120 per share over the last six months, which is considered affordable for small investors [44] Company Strategy and Development Direction - Duke Energy is focused on delivering value for customers and shareholders by investing in reliability, resiliency, and affordability [28] - The company is advancing new generation through integrated resource plans and plans to add five gigawatts of new natural gas generation by 2029 [32] Management's Comments on Operating Environment and Future Outlook - The CEO emphasized the pivotal moment for the industry, highlighting unprecedented growth potential and the importance of a growth mindset [27] - Management is committed to a flexible strategy that includes proven technologies like natural gas and nuclear, as well as emerging technologies [70] Other Important Information - The company has invested over $10 billion in grid resiliency and storm hardening over the last three years [34] - Duke Energy's nuclear facilities provide over 50% of the energy needs for the Carolinas and are the lowest cost generation asset [72] Q&A Session All Questions and Answers Question: When will be the next dividend increase? - The company is committed to growing the dividend, with historical increases occurring around the third quarter [42] Question: Is there any plans for a stock split in the near future? - Currently, there are no plans for a stock split, but the company will continue to evaluate this over time [44] Question: Why is Duke Energy repeatedly asking for price increases when service is questionable? - The company is focused on affordability and reliability, making substantial investments to modernize the grid [45] Question: Why do almost 50% of board members serve on multiple boards? - The board has a mix of industry and non-industry experience, which enriches deliberations and governance [48] Question: Why is it necessary to have so many members on the Board of Directors? - The board size aligns with industry standards and is necessary due to the complexity of the business [51] Question: Why do we give shares to executives and directors? - Compensation is structured to be market competitive, with a mix of cash and stock to align interests with shareholders [56] Question: Why was the program providing matching funds to retirees eliminated? - The company is focused on streamlining operations while still supporting communities through the Duke Energy Foundation [64] Question: Will you please stop all DEI activities? - The company values diversity and inclusion as a strength that benefits employees and customers [66] Question: How will management proceed if reaching net zero is unreasonably expensive? - The company will remain flexible and focus on reliability and affordability while exploring diverse resources [70] Question: How does nuclear power fit in with zero carbon energy generation? - Nuclear power is a vital asset, providing low-cost, reliable, and carbon-free energy, and the company aims to extend the lives of its nuclear plants [72]

Financial Data and Key Metrics Changes - In 2024, Citigroup achieved its highest revenue since 2010 and delivered positive operating leverage across all five businesses, continuing this trend into the first quarter of 2025 [79][80] - The company returned $2.8 billion to shareholders in the first quarter of 2025, including $1.75 billion in share repurchases as part of a $20 billion buyback plan, which is $250 million more than originally guided [26][80] Business Line Data and Key Metrics Changes - All five business lines delivered solid earnings in 2024, with services, wealth, and the US personal bank posting record revenues [26] - The services business introduced new digital asset offerings and rolled out the Citi Payments Express platform, enhancing its leadership in e-commerce [27] - The markets business remains a top three franchise globally, with growth in both fixed income and equities [28] - Wealth management saw a 40% increase in net new investment asset flows, generating record revenue [29] Market Data and Key Metrics Changes - The company noted that clients, both corporate and consumer, are resilient and in good financial health despite geopolitical tensions and evolving economic policies [16][17] - Citigroup's global footprint and diversified business mix allow it to navigate various environments from a position of strength [17] Company Strategy and Development Direction - Citigroup is focused on executing its strategy to reshape itself into a simpler and stronger institution, aiming to be a preeminent banking partner for institutions with cross-border needs and a global leader in wealth management [19][20] - The company has nearly completed the divestitures of its international consumer franchises, including the separation of Banamex in Mexico, which is a key step towards its upcoming IPO [20] - Citigroup is prioritizing improving returns and growing fee-based revenues, with a revised ROTCE target for 2026 set at 10-11% [23] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating the current geopolitical and economic uncertainties, emphasizing the importance of their global footprint and robust balance sheet [15][35] - The company is committed to supporting clients through transitions while managing climate risks and energy security [90][91] Other Important Information - Citigroup is investing in artificial intelligence to enhance efficiency and modernize its operations, equipping developers with sophisticated tools [33] - The company is addressing decades of underinvestment in its infrastructure and is focused on improving risk management and compliance [31][32] Q&A Session All Questions and Answers Question: How is Citigroup enhancing shareholder value and improving its status as a global bank? - Management highlighted that Citigroup is fundamentally a better bank today, with improved returns and a commitment to buying back stock, demonstrating its strategy's effectiveness [79][80] Question: Will Citigroup consider a stock split to offset the previous reverse split? - Management stated that a stock split does not make sense at this time, focusing instead on generating returns for shareholders [82][83] Question: Will Citigroup honor its contractual agreement to manage green banking funds? - Management indicated that the matter is in litigation but reaffirmed their fiduciary responsibility to the US government regarding the Greenhouse Gas Reduction Fund [84][86] Question: Why does Citigroup have 16 executive officers? - Management explained that the organizational structure was aligned with strategy to build a simpler bank, with each executive playing a crucial role in executing the strategy [87][88] Question: What are Citigroup's views on climate change and its financial strategy? - Management emphasized the importance of supporting clients through the energy transition while managing climate risks, highlighting their commitment to sustainable finance [90][91]

Q4 2024 Supplemental Information February 27, 2025 ameresco.com © 2025 Ameresco, Inc. All rights reserved. Safe Harbor Forward Looking Statements Any statements in this presentation about future expectations, plans and prospects for Ameresco, Inc., including statements about market conditions, pipeline, visibility, backlog, pending agreements, financial guidance including estimated future revenues, net income, adjusted earnings before interest, taxes, depreciation and amortization ("adjusted EBITDA"), Non-G ...