Evergy, Inc. is a public utility holding company that operates primarily through its wholly-owned subsidiaries, Evergy Kansas Central, Evergy Metro, and Evergy Missouri West. These subsidiaries are integrated, regulated electric utilities that provide electricity to customers in Kansas and Missouri. The company assesses financial performance and allocates resources on a consolidated basis, operating in one segment. Evergy's strategy focuses on affordability, reliability, and sustainability, aiming to empower a better future for its customers, communities, employees, and shareholders. The company competes in the wholesale market to sell power when not required for retail customers, primarily within the SPP Integrated Marketplace.

• Employees: 4,658 (as of December 31, 2023)
• Geographic Footprint: Kansas and Missouri
• Headquarters: Kansas City, Missouri
• Founded: 2017
• Number of locations/facilities: Not available
• Revenue: $5.51 billion (FY2023)
• Market Capitalization: $13.25 billion (as of June 30, 2023)
• Key Subsidiaries/Brands: Evergy Kansas Central, Evergy Metro, Evergy Missouri West

• CEO: David A. Campbell
• CFO: Kirkland B. Andrews
• COO: Kevin E. Bryant
• Chief Human Resources Officer and Chief Diversity Officer: Lesley L. Elwell
• Senior Vice President, Public Affairs and Chief Customer Officer: Charles A. Caisley
• Senior Vice President, General Counsel and Corporate Secretary: Heather A. Humphrey
• Senior Vice President and Chief Technology Officer: Charles L. King
• Vice President and Chief Accounting Officer: Steven P. Busser

Key leaders have extensive experience in the energy and utility industries.

• Annual Revenue: $5.51 billion (FY2023)
• Net Income: $731.3 million
• Market Cap: $13.25 billion (as of June 30, 2023)
• Total Assets: $30.98 billion
• Number of Employees: 4,658 (as of December 31, 2023)
• Key Financial Highlights: Net income attributable to Evergy, Inc. decreased in 2023 compared to 2022, primarily due to higher depreciation and interest expense, and lower retail sales driven by unfavorable weather, partially offset by lower operating and maintenance expenses and new retail rates.

Evergy provides electricity to residential, commercial, industrial, and other customers. Key offerings include:

• Electricity Generation: Utilizing a mix of coal, wind, natural gas, oil, uranium, solar, and landfill gas.
• Transmission and Distribution: Maintaining and upgrading infrastructure to ensure reliable electricity delivery.
• Customer Energy Efficiency Programs: Offering programs to help customers manage energy costs and improve energy efficiency.

Evergy operates as one reportable segment, assessing financial performance and allocating resources on a consolidated basis. Revenue breakdown by customer class is as follows:

• Residential: 37% of revenue
• Commercial: 33% of revenue
• Industrial: 12% of revenue
• Wholesale: 7% of revenue
• Transmission: 7% of revenue
• Other: 4% of revenue

Evergy's strategy is focused on operating cost-effectively, investing in technology and infrastructure, and balancing clean energy investment with fuel diversification. Key strategic initiatives include:

• Affordability: Operating cost-effectively and investing in technology to keep rates affordable.
• Reliability: Targeting infrastructure investment to support reliability and deploying new technology.
• Sustainability: Investing at sustainable capital expenditure levels to maintain reliability and customer affordability.
• Transitioning Evergy's Generation Fleet: Reducing CO2 emissions through the retirement of fossil fuel generation, development of renewable facilities, grid investment, and customer energy efficiency programs.

Evergy operates in the regulated electric utility industry, primarily in Kansas and Missouri. Key market trends affecting the business include:

• Market Position: Evergy is a major player in the electric utility market in Kansas and Missouri.
• Key Competitors: Evergy competes in the wholesale market, primarily within the SPP Integrated Marketplace.
• Industry Trends: The industry is facing increasing pressure to transition to low-carbon generation, reduce GHG emissions, and close coal-fired generating units.

• Regulatory Risks: Prices are established by regulators and may not be sufficient to recover costs or provide for a return on investment. Legislative and regulatory requirements may increase costs and result in compliance penalties.
• Environmental Risks: Costs to comply with environmental laws and regulations are significant and may adversely impact operations and financial results.
• Financial Risks: Financial market volatility or declines in the Evergy Companies' credit ratings may increase financing costs and limit access to the credit markets. Supply chain disruptions and inflation could negatively impact the Evergy Companies' operations and corporate strategy.
• Operational Risks: Physical and cybersecurity breaches, criminal activity, terrorist attacks, acts of war and other disruptions to facilities or information technology infrastructure could interfere with operations. The cost and schedule of capital projects may materially change and expected performance may not be achieved.
• Customer and Weather-Related Risks: Changes in electricity consumption could have a material adverse effect on Evergy's results of operations, financial position and cash flows. Weather is a major driver of the results of operations, financial position and cash flows of the Evergy Companies.