CWLP FINANCIAL PRESENTATION FY2021 Quarter 1 Financial Update - PowerPoint PPT Presentation

CWLP FINANCIAL PRESENTATION FY2021 Quarter 1 Financial Update Data Through May 31, 2020

ELECTRIC FUND - FINANCES CASH SH P POSI SITI TION - MAY F FY202 021 1  El Electric F Fund nd Worki king C ng Cash: h: $ 45 m $ 45 million  Cash/Investments : $ 28.6 million  Renewal (Capital) : $ 16.4 million  Up $12.1 million from May FY2020 • Days o of Cash Cash: 93 93 da days ys • Mo Moody’s ’s Days o of Cash Cash: : 150 150 da days ys Includes Restricted ERIRF of $21.5M 

ELECTRIC FUND CASH BY MONTH 60 DAYS CASH = $29.1 MILLION

ELECTRIC FUND DAYS OF CASH

ELECTRIC FUND REVENUE BUDGET THROUGH MAY FY2021 • Retail Electric Revenues  Budget To Date $ 41.5 million  Actual To Date $ 39.0 million  Variance ($ 2.5 million) ~ (6.0%) • Wholesale Electric Revenues  Budget To Date $ 6.0 million  Actual To Date $ 2.7 million  Variance ($ 3.3 million) ~ (55%) • Total Electric Operating Revenues are $6 Million or 12.4% Under Budget

ELECTRIC FUND REVENUE COMPARISON

ELECTRIC FUND EXPENSE BUDGET NON-BOND EXPENSES THROUGH MAY FY2021 • Budget To Date $ 56.8 million • Expense To Date $ 43.6 million • Variance ($ 13.2) million ~ (23.2%)

ELECTRIC FUND EXPENSE COMPARISON

ELECTRIC FUND DEBT COVERAGE RATIO HISTORY YEAR END

ELECTRIC FUND DEBT COVERAGE RATIO AS S OF MAY F FY2021 Net et Reven enues es Availa ilable le F For Debt S Servic ice $11 $11,8 ,842, 42,67 674 Debt ebt S Ser ervi vice $9, $9,146, 46,006 006 Debt ebt S Ser ervi vice Co Cover erage (Year E End 1.25x .25x) 1.29x .29x Debt ebt S Ser ervi vice Co Cover erage (Incl cluding P PILOT) 1.06x .06x * The quarterly calculation is for internal tracking only. Debt Coverage Ratio is based upon a full 12 months.

ELECTRIC FUND DEBT COVERAGE RATIO BY MONTH WITH PILOT INCLUDED

ENVIRONMENTAL AND REGULATORY INITIATIVES AND REBATE FUND (ERIRF)

WATER FUND - FINANCES CASH P POS OSIT ITIO ION - MA MAY F FY2021  Water er F Fund W d Working C Cash sh : $5.4 5.4 milli illion  Cash/Investments : $ 0.1 million  Renewal (Capital) : $ 7.3 million  Due to Electr tric F Fund : ($ 2.0) m million  Down $1.35 million from May FY2020 • Days of s of cash sh: 83 83 days • Moody oody’s D s Days s of of Ca Cash sh : 54 4 days

WATER FUND CASH BY MONTH 60 DAYS CASH = $3.8 MILLION

WATER FUND DAYS OF CASH *Prior to FY2017, built up high cash balances due to all planned rate increases being implemented while able to delay second bond issuance for Water Works Infrastructure Improvements Projects.

WATER FUND REVENUES AND EXPENSES TH THROUGH MAY F MAY FY20 Y2021 • Wat ater R Reve venues  Budget T To Date Date $ 7.4 m millio llion  Ac Actual T To Date Date $ 6.2 m millio llion  Reven enue V ue Variance ($ 1.2) m millio llion n ~ (16.5%) %) • Wa Wate ter N Non-Bond nd Ex Expens nses  Budg dget et T To o Date $ $ 8.8 m 8.8 million  Actua ual T To Da Date $ $ 6.8 m 6.8 million  Exp xpense Var Variance ($ $ 2.0) 2.0) m million ~ ~ (22 22.6% 6%)

WATER FUND REVENUE COMPARISON

WATER FUND EXPENSE COMPARISON

WATER FUND DEBT COVERAGE RATIO HISTORY YEAR END

WATER FUND DEBT COVERAGE RATIO AS O OF F MA MAY F FY20 Y2021 Net et Reven enues es Availa ilable le F For Debt ebt S Ser ervi vice $ 1 $ 1,865, ,865,94 942 Debt ebt S Ser ervi vice $ 1 $ 1,5 ,540, 40,010 Debt ebt S Ser ervi vice Co Cover erage (Y 1.2 .21x 1x (Year E End d 1.25x) Debt ebt S Ser ervi vice Co Cover erage (After A 0.99x 0.99x Auxil iliary y Service ces) s) * The quarterly calculation is for internal tracking only. Debt Coverage Ratio is based upon a full 12 months.

WATER FUND DEBT COVERAGE RATIO BY MONTH AFTER AUXILIARY SERVICES

CWLP LABOR BUDGET LABOR COSTS THROUGH MAY FY2021 (INCLUDING IMRF and FICA) • Water Fund o Budget To Date $ 3.1 million o Expense To Date $ 2.8 million o Variance $ 0.3 million ~ 9% • Electric Fund o Budget To Date $ 12.5 million o Expense To Date $ 11.0 million o Variance $ 1.5 million ~ 11.8% CWLP TOTAL LABOR COSTS ARE $1.8 MILLION OR 11.3% UNDER BUDGET •

FINANCIAL ASSISTANCE-COVID 19  600 customers added to Level Pay or Payment Plan  1,700 eliminated past due or reduced bill to <$100  Total Past Due reduced by $817,000  Disconnections Suspended through July 31  Additional notices (mail, web, online ads) of bill assistance options and payment plans; customer counseling.  Bill Assistance & Financial Resources  LIHEAP applications reopen July 27  CWLP.com For More Resources; helpillinoisfamilies.com  myCWLP.com; 789-2030; cwlp.customer@cwlp.com  Energy Services Office @CWLP.com or 789-2070

CWLP FINANCIAL PRESENTATION Ques estio tions