WEC Energy Group (WEC) investor relations material

Company overview and performance

• Operates with a $37.2 billion market cap, 4.7 million retail customers, and $51.5 billion in assets, with 60% ownership of American Transmission Company.

• Achieved or exceeded EPS guidance for over 22 consecutive years, with a ~6.7% CAGR in EPS and ~6.9% CAGR in dividends since 2015.

• Ranked first in the 2025 E Source Large Business Customer Satisfaction Study.

Growth outlook and capital plan

• Projects long-term EPS growth of 7.0–8.0% CAGR, expecting to be at the upper half of guidance starting in 2028.

• Five-year capital plan increased to $37.5 billion, supporting robust investment in renewables, thermal generation, and transmission.

• Plans $12.6 billion in regulated renewables and $7.4 billion in thermal generation and LNG capacity from 2026–2030.

Dividend and financial discipline

• Raised annual dividend by 6.7% to $3.81 per share in 2026, marking 23 consecutive years of increases.

• Targets a payout ratio of 65–70% of earnings and maintains top-decile dividend growth.

• Maintains strong credit ratings (A-/Baa1) and targets FFO/debt metrics of ≥15% (S&P) and ≥16% (Moody’s).