embracing change€¦ · this presentation contains certain forward-looking statements that are...

Embracing Change

Annual MeetingOf Shareholders

May 6, 2020

Thomas F. Farrell, II

Chairman, President and CEO

Dominion Energy, Inc.

1

Important Note to Investors

Annual Meeting of Shareholders / May 6, 20202

This presentation contains certain forward-looking statements that are subject to various risks and uncertainties. The statements relate to,

among other things, expectations and projections. Actual results may differ from expectations, estimates and projections and,

consequently, readers should not rely on these forward-looking statements as predictions of future events.

Such forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected

results, and may include, but are not limited to, statements about proposed transactions, plans, objectives, expectations and intentions and

the timing of future events.

Risk factors are detailed from time to time in Dominion Energy’s most recent quarterly report on Form 10-Q or annual report on Form 10-K

filed with the U.S. Securities and Exchange Commission.

All statements relating to events or developments that Dominion Energy expects or anticipates will occur in the future are forward-looking

statements, and Dominion Energy’s ability to predict results or the actual effect of future events is inherently uncertain. Although Dominion

Energy believes that the expectations reflected in any forward-looking statements are based on reasonable assumptions, it can give no

assurance that actual outcomes and results will not differ materially from what is expressed in such forward-looking statements. There can

be no assurance that the transactions will be consummated. Dominion Energy undertakes no obligation to update any forward-looking

information statement to reflect developments after the statement is made.

Coronavirus Response

3

Three Lessons

➢Our customers are

counting on us.

➢Our core values matter.

➢Our company is resilient.

4

Protecting Health, Safety of Our Employees


➢Monitor outbreak, provide information

➢Enhance workplace cleaning & sanitization efforts; promote

stringent personal hygiene

➢Update pandemic, business continuity plans

➢Limit visitors to company facilities

➢Assess health of vendors, contractors

➢Assign work-at-home duties for non-operational personnel

➢Ensure devices – phones, laptops – work remotely

➢Establish daily communications with employees on multiple media

Additional Pandemic Employee Benefits


➢Additional 80 hours of paid leave

➢Employee relief fund

➢Free telemedicine service✓ Helps ease burden on hospitals

➢Full coverage for coronavirus testing

➢Online professional development opportunities

➢Volunteer opportunities (within distancing guidelines)

➢Option to go part-time or go on extended leave for 90

days, with job security, full benefits

Supporting Customers & Communities

For Customers

➢ Suspended disconnections, waived late

fees

➢ Reconnected previously disconnected

customers

➢ Shared energy conservation tips

➢ Encouraged contact with customer

centers

For Communities

➢ Made available N95 masks

➢ Donated $1 million-plus for relief efforts

➢ Helped identify temporary medical

facilities

7

Liquidity, Access to Capital Markets


8

MasterRCF

(-)CP + LCs

MasterRCF netcapacity

(+) cash (+) supp.revolver

(unfunded)

(=) Totalliquidity

$6.0

$1.8

$7.8

($0.7)

$5.3

$0.7

Liquidity Access to capital markets

March 17

DEI

$400M notes

3.3%

Due 2025

March 17

DEI

$350M notes

3.6%

Due 2027

March 31

DEI

$1.5B notes

3.375%

Due 2030

March 16

DEI

$500M

364-day term

loan

March 19

DEI

$900M

364-day

supp.

revolver

April 1

DEI

$625M

364-day term

loan

March 20

PSNC

$200M notes

4.1%

Due 2030

$4.5B

Capital accessed over

17-day period

Please refer to the “Important Note to Investors” on slide 2 of this presentation.

• As of May 1, 2020

9

Dominion Energy Footprint


Safety


0.88

0.62

0.29

2015 2019 1Q 2020

0.42

0.280.23

2015 2019 1Q 2020

OSHA Recordable Injury Rate Lost Time/Restricted Duty Rate

➢ 30% decline over five years ➢ 33% decline over five years

Actions Speak Louder®

11

Awards & Recognition

Employer/Governance Veterans Safety/Reliability


➢ World’s Best Employers (Forbes)

➢ Best Employers for Diversity

(Forbes)

➢ America’s Most Responsible

Companies (Newsweek)

➢ Perfect score (Human Rights

Campaign’s Corp. Equality Index)

➢ Trendsetter Award (Center for

Political Accountability)

➢ Just 100 (Just Capital)

➢ Most Admired (Fortune)

➢ A-minus/Leadership Band (CDP)

➢ #Hes4Shes Award (Women’s

Business Enterprise Nat’l Council)

➢ “Best for Vets” (Military Times)

➢ Top Veteran-Friendly Company

(U.S. Veterans)

➢ Top Supplier Diversity Programs

(U.S. Veterans)

➢ Top 10 “Military Friendly

Employers” (G.I. Jobs)

➢ Military Friendly Spouse Employer

(G.I. Jobs)

➢ DEV, DESC Top Quartile Safety

Performer (Southeastern Electric

Exchange)

➢ Safety Achievement Award (AGA)

➢ Industry Leader in Accident

Prevention Award (AGA)

➢ Emergency Response Award for

Tropical Storm Michael (EEI)

➢ Emergency Response Award for

Hurricane Dorian (EEI)

13

Delivering clean, reliable,

affordable energyProtecting the

environmentServing our customers and

communities

Empowering our

employees

Creating shareholder

value


Our Mission –Five Pillars

Building a clean andsustainable energy future

14

Our Net Zero Commitment

15

Reducing Carbon Emissions2005 - 2018

16


Reducing Methane Emissions

17

122.8

93.1

0

30

60

90

120

150

2010 2018

Thousa

nd M

etr

ic T

ons

0.120%EMISSION

RATE

0.102%EMISSION

RATE

Dominion Energy has reduced

methane emissions by more than

24% from 2010 levels to 2018


Prevented

of methane

emissions since

2010, equivalent

to:

non-EVs for a year

or:

Taking

Planting

trees

Committed to Net Zero Emissions by 2050

18

➢ Includes carbon & methane

➢Needs supportive public policy

➢Direct action + environmentally

beneficial initiatives that

effectively “net out” some

emissions


Net Zero

Offshore wind Solar Waste to Energy (RNG)

19

Annual Meeting of Shareholders / May 6, 2020Please refer to the “Important Note to Investors” on slide 2 of this presentation.

➢ Investments in technologies we are already making – offshore wind, solar,

RNG, energy storage – plus, potentially:✓ Advanced nuclear

✓ Hydrogen

✓ Carbon capture

Net Zero & Beyond Dominion

20


➢Energy efficiency

➢Fleet EVs, EV charging infrastructure for

customers, electric school buses

➢Marine LNG, use of LNG facilities to

provide gas to constrained markets

Embracing Change

Annual MeetingOf Shareholders

May 6, 2020

21

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