Hawaiian Electric Industries (HE) Presents At Wells Fargo Midstream and Utility Conference - Slideshow

Financial Performance and Market Position - Hawaiian Electric Industries (HEI) maintains a market capitalization of $3.9 billion as of December 4, 2020[4] - The company achieved a 7% 5-year total return ending September 30, 2020[4] - Consolidated LTM ROE was 9.2% in 3Q20, with the utility segment contributing 71% and the bank segment 29% to net income[4][17] - The company has maintained uninterrupted dividends through every business cycle since 1901[12] Utility Operations and Strategy - The utility segment is targeting 100% renewable energy and carbon neutrality by 2045, with 2020 RPS achievement on track to exceed 30%[5][56] - Capital expenditures are forecasted at $340–$350 million for 2020, with a 4-year CAGR of approximately 4–6%[63] - The company is committed to achieving $25 million in annual cost savings by year-end 2022 through efficiency initiatives[21] Banking Segment (American Savings Bank) - The bank maintains a conservative loan portfolio with approximately 78% (83% excluding PPP) secured by Hawaii real estate[15][42] - As of September 30, 2020, the bank's allowance for credit losses (ACL) stood at $91.5 million, representing 1.67% of the portfolio[37] - The bank is well-capitalized with over $266 million in excess equity above the "well capitalized" level[44]