Sustainable Growth
Future Performance Shines Bright
CMS Energy and its primary business,
Consumers Energy, have powered Michigan’s progress
for more than 125 years. We serve all 68 counties in the
state’s Lower Peninsula and 6.5 million Michigan residents.
consistent financial performance:
• An investment of $1,000 in CMS Energy 10 years
ago would be worth $4,100 today, a 15 percent
annual return.
Headquarters
Consumers Energy
Electric Service Territory
Natural Gas Service Territory
Combined Service Territory
Generating Facility
• CMS Energy has delivered 11 years of predictable
financial performance and plans to continue its
sustainable growth.
350%
TOTAL SHAREOWNER RETURN
CMS ENERGY
300%
S&P 500 Utilities
250%
S&P 500
200%
150%
100%
50%
0%
-50%
11-15-2004
11-15-2009
strategic plan for the future:
CMS ENERGY DIVIDEND GROWTH PER SHARE
• Our goal is to grow earnings per share 5 to 7 percent
annually and dividends in line with earnings.
$1.08
$1.00
$1.02
$0.96
0.80
• We plan to invest $15.5 billion in utility capital over
the next 10 years generating long-term earnings and
cash flow growth.
$0.84
0.60
11-15-2014
• Our growing operating cash flow up $100 million
per year provides future flexibility.
$0.66
$0.50
0.40
$0.36
0.20
$0.20
0
2007
2008
2009
2010
2011
2012
2013
2014
*Future growth is projected to grow in line with earnings.
Future*
INVESTOR INFORMATION
CMS Energy Corporation Investor Relations Department
(517) 788-2590
One Energy Plaza
investrel@cmsenergy.com
Jackson, MI 49201
www.cmsenergy.com
The information in this document is current as of Nov. 15, 2014. This document contains forward-looking statements that are subject to risks and uncertainties. It should be read in conjunction with
the “Forward-Looking Statements and Information” and the “Risk Factors” sections of CMS Energy’s 2013 Form 10-K and subsequent Forms 10-Q, which are incorporated herein by reference and
discuss important factors that could cause CMS Energy’s and Consumers’ results to differ materially from those anticipated in such statements.
Organic Growth
Sustainable Over the Long-Term
capital investments:
Cross Winds® Energy Park
• Capital investments of $15.5 billion over the next
10 years supports earnings per share and rate
base growth.
#2 in renewables in the Great Lakes area
• Over the next 10 years, CMS Energy plans to
make investments in customer reliability, clean
energy and smart grid technology.
• CMS Energy has been the second largest investor
in the state of Michigan over the last five years.
total shareowner return:
• Predictable and visible earnings growth of five
to seven percent, with a 11-year track record
that speaks for itself.
Ludington Pumped Storage Facility
#4 largest in the world
• Eight years of dividend growth with plans
to grow future dividends in line with earnings.
• Over the last 10 years, CMS Energy has grown
total shareowner return more than 300 percent,
the best in the Electric Utility sector.
CMS Energy is a sound,
proven choice for investors.
Southwest Michigan Natural Gas Pipeline
#1 LDC in natural gas storage
research coverage:
• Argus Research
Gary Hovis
• Barclays Capital
Daniel Ford
• BMO Capital Markets
Michael Worms
• Credit Suisse
Dan Eggers
• Deutsche Bank Securities
Jonathan Arnold
• Evercore ISI
Greg Gordon
• Hilliard Lyons
David Burks
• KeyBanc Capital Markets
Paul Ridzon
• Ladenburg Thalmann
Brian Russo
• Macquarie Research
Andrew Weisel
• Morningstar
Mark Barnett
• RBC Capital Markets
Shelby Tucker
• RW Baird
David Parker
• SunTrust
Ali Agha
• UBS
Julien Dumoulin-Smith
•W
ells Fargo
Neil Kalton
•W
olfe Research
Steven Fleishman
www.cmsenergy.com