Welcome, shareholders

Transcription

1 ANNUAL MEETING: OCTOBER 25, 2017 Welcome, shareholders WestarEnergy.com

2 FORWARD-LOOKING STATEMENTS Statements made today might constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, in particular those that relate to the proposed merger of Great Plains Energy Incorporated (Great Plains Energy) and Westar Energy, Inc. (Westar Energy). Forwardlooking statements may include words like believe, anticipate, target, expect, pro forma, estimate, intend, guidance or words of similar meaning. Forward-looking statements describe future plans, objectives, expectations or goals. Although Westar Energy believes that these statements are based on reasonable assumptions, all forward-looking statements involve risk and uncertainty. The factors that could cause actual results to differ materially from these forward-looking statements include those discussed herein as well as, without limitation, delays in completing the merger, including as a result of delays in obtaining regulatory approvals or shareholder approvals, changes in general economic conditions and regulatory and legislative changes that adversely affect the business in which Great Plains Energy and Westar Energy are engaged. This list of factors is not exhaustive because it is not possible to predict all factors. Additional risks and uncertainties are discussed in the joint proxy statement/prospectus and other materials that Great Plains Energy, Westar Energy and Monarch Energy Holding, Inc. (Monarch Energy) have filed with the Securities and Exchange Commission (SEC) in connection with the anticipated merger. Other risk factors are detailed from time to time in quarterly reports on Form 10-Q and annual reports on Form 10-K filed by Great Plains Energy and Westar Energy with the SEC. Each forward-looking statement speaks only as of the date of the particular statement. Monarch Energy, Great Plains Energy and Westar Energy undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

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4 Board of Directors

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6 Meeting Agenda Open Business Meeting Vote on Matters Presented in Proxy Adjourn Business Meeting President and CEO Update Shareholder Questions and Answers Adjourn Meeting

7 Meeting Agenda Open Business Meeting Vote on Matters Presented in Proxy Adjourn Business Meeting President and CEO Update Shareholder Questions and Answers Adjourn Meeting

8 Proposal 1 To elect three Class III directors for a term of three years Mollie H. Carter Sandra A.J. Lawrence Mark A. Ruelle Board recommends a vote FOR each nominee

9 Proposal 2 Advisory vote to approve named executive officer compensation Board recommends a vote FOR this proposal

10 Proposal 3 Advisory vote on frequency of advisory votes on executive compensation Board recommends a vote FOR the option of every year

11 Proposal 4 Ratification and confirmation of Deloitte & Touche LLP as our independent registered public accounting firm for 2017 Board recommends a vote FOR this proposal

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13 Meeting Agenda Open Business Meeting Vote on Matters Presented in Proxy Adjourn Business Meeting President and CEO Update Shareholder Questions and Answers Adjourn Meeting

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15 2017 ANNUAL MEETING Westar Energy Mark Ruelle, President & CEO WestarEnergy.com

16 Financial Performance

17 2016 Share Price $70 $60 $57.50 $50 $40 $40 $30 $20 $10 $0 January December

18 Shareholder Returns 185% Westar Energy Peers Last year, total shareholder return was 37%.

19 Earnings Per Share $2.50 $2.25 $2.00 $1.75 $

20 Dividends $1.60 $1.40 $1.20 $1.00 * Indicated full year E

21 Taking energy to heart

22 Propelling wind energy in Kansas Westar has propelled Kansas to 3 rd in the nation for wind energy Invested $400 million in Western Plains Wind Farm Added 300 megawatts Already reducing customers energy costs

23 A clean energy milestone In 2017, more than half the power to the homes and businesses we serve will come from emission-free sources renewables and nuclear power.

24 Invested $2.0 billion in improvements

25 Creating a lower carbon future, saving water

26 Focused on the future Improving field communications with real-time information

27 Focused on the future Making it easier and faster for customers to do business with us

28 Focused on the future Improving reliability with new construction

29 Focused on the future

30 Focused on the future Invest in innovative technology to better serve our customers Testing augmented reality Using advanced pattern recognition

31 Focused on the future Invented our industry s first rapid recovery highvoltage transformer Finalist for the prestigious EEI Edison Award

32 Building a stronger company: Our proposed merger of equals with Great Plains Energy Side-by-side merger of equals Stock-for-stock exchange Tax-free for shareholders 15% higher dividend for Westar shareholders

33 Building a stronger company Geographic fit with neighbors Complimentary operations Operational efficiency Westar Energy Great Plains Energy

34 Building a stronger company Good for shareholders 15% higher dividend Higher targeted dividend growth than in our standalone plan

35 Building a stronger company Special shareholder meeting November 21 Should have received your proxy for this special meeting Please vote in advance Please Vote FOR the merger

36 2017 ANNUAL MEETING Questions? WestarEnergy.com

37 Thank you

38 WestarEnergy.com