============= Page 1 of 22 ============= 2000 Enron Strategic Goals E0004392405 EXH005-02579 ============= Page 2 of 22 ============= 2001 2003  n Strategic Plan era a. E 0004392406 EXH005-02580 ============= Page 3 of 22 ============= Recurring Diluted EPS 1998 1999 2000 2001 Actual Actual Forecast Plan 0 E0004392407 EXH005-02581 ============= Page 4 of 22 ============= Net Income ($ in millions) 1998 Actual 1999 Actual 2000 Forecast 2001 Plan E0004392408 y EXH005-02582 ============= Page 5 of 22 ============= Earnings Before Interest & Taxes By Segment /Q in millinncl EES EBS Corp. & Wholesale Transportation & I A~,, Distribution Other E0004392409 :XH005-02583 ============= Page 6 of 22 ============= Earnings Before Interest & Taxes Wholesale ($ in millions) $1,068 Power markets continue to deregulate Americas $962 1-'Gas and power prices remain volatile $260 continent continues to deregulate Europe $350 ,Build on synergies created from Metals Global $159 Decrease capital intensity Assets $270 ,,Dahbol phase II construction completed $70 < 90% of capacity GE sold March 31, 200' Earnings Before Interest & Taxes Transmission & Distribution ($ in millions) $390 $391 Enron Transportation Services $329 Portland General Group ti~ a E0004392411 :XH005-02585 2000 2001 2000 2001 ============= Page 8 of 22 ============= Earnings Before Interest & Taxes Enron Energy Services ($ in mi lions) 'Growth of bundled and commodity business ECO04392412 KHO05-02586 VI VVfAJ6 - I a Ci I I ============= Page 9 of 22 ============= Earnings Before Interest & Taxes Enron Broadband Services ($ in millions) 2000 2001 Forecast Plan 'TCV $300MM in 2001 'International expansion 'Significant development of intermediation business $(65) E0004392413 y9o :XH005-02587 ============= Page 10 of 22 ============= Earnings Before Interest & Taxes Corporate and Other ($ in millions) $o E LER9j Azurix Totals €?t3Q ${2) Clean Fuels Structured Transactions & Other A[mortizations $(176) $(170) Corporate Expenses EC004392414 yo XH005-02588 ============= Page 11 of 22 ============= Enron Recurring EPS By Quarter $0.46  2000  2001 $0.45 E0004392415 y9 0 =XH005-02589 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr ============= Page 12 of 22 ============= Enron Forecast Recurring EPS Plan Plan $2.46 Plan E0004392416 y9 0 =XH005-02590 2000 2001 2002 2003 ============= Page 13 of 22 ============= Enron Proceeds from Planned Assets Sales 2001 Plan ($ in millions) Elektro Portland General Electric North American Power Plants Enron Renewable Energy Corp India E&P Assets South American Gas LDCs Hainan Power Plant Copel Investment Transredes MetGas Pipeline Sichuan Jialing Power Plant India Data Center All Other Total Proceeds $2,000 1,600 818 700 600 470 152 135 70 69 67 67 202 $69950 Related Debt $ 60 1,020 40 230 $15350 ~I v E0004392417 XH005-02591 ============= Page 14 of 22 ============= Enron Debt & Debt to Capital $9,700 2000 2001 Forecast Plan Debt ($ in millions) -i- Debt to Capital - - - Pro Forma $7,050 q . ; NviT' 39:0% 2001 Pro Forma 0 E0004392418 =XH005-02592 ============= Page 15 of 22 ============= Enron Funds Flow & Interest Coverage $2,840 4.03 Times' 2000 Forecast 0 Funds Flow ($ in millions) -f- Interest Coverage - - - Pro Forma $2,400 $2,200 4.60 Times - ---------• 4.01 Times 2001 2001 Plan Pro Forma E0004392419 y9 0 =XH005-02593 ============= Page 16 of 22 ============= Enron Change in Balance Sheet Debt ($ in millions) Cash from Cap Ex. Proceeds (Increase)/ Operating and from Dividends Decrease Activities Investments Asset Sales Paid in Debt $6,950 Note: Does not include stock issuances and other non-cash transactions yy 0 :XH005-02594 $(4,610) E0004392420  2001 ============= Page 17 of 22 ============= Enron Cash Flow by Business Segment 2001 Plan $2,414 ($ in millions) Funds Flow from Operations ® Cap Ex & Investments XH005-02595 ============= Page 18 of 22 ============= Enron Return on Book Equity Avg. Book Equity ($ in millions) ROE(%) _ f - Pro forma ROE after Asset Sales(%) $8,309 $6,333 1998 Actual 000 11999 Actual $10,522 I .00 000 13.7% 000 01010 11,5%. 2000 Forecast $12,033 15.0%' 12.7% 2001 Plan E0004392422 y&0 =XH 005-02596 ============= Page 19 of 22 ============= Wholesale Capital Deployed & ROE ($ in millions) $331 2000 C,1)1)4 2001 North America Energy Europe Energy Global Energy Other Strategic Merchant investments 20.0% 10.0% 0.0% E0004392423 XH005-02597 ~ $12,625 30.0% $7,903 1999 2000 2001 Actual Forecast Plan ============= Page 20 of 22 ============= Transmission & Distribution Capital Deployed & ROE 2000 ($ in millions) 2001 ET&S PGE 20.0% 10.0% 14.4% 10.2% 6.7% 0.0% 1999 2000 2001 E0004392424 Actual Forecast Plan yo EXH005-02598 $2,910 $6,110 30.0% ============= Page 21 of 22 ============= Energy Services Capital Deployed & ROE 2000 ($ in millions) BEES '; EE&.CC 2001 [$2,195 20.0% 10.0% 0.0% -10.0% 1999 2000 2001 Actual Forecast Plan E0004392425 :XH005-02599 T$1,882] 30.0% ============= Page 22 of 22 ============= Broadband Services Capital Deployed & ROE ($ in millions) 2000 2001 7 Fiber Build Media CastlBlockbuster E: Merchant Activity Other Strategic Communications S5 $1,815 20.0% 10.0% 0.0% -10.0% -20.0% 55 E0004392426 XH005-02600 1999 2000 2001 Actual Forecast Plan ~ $1,068 30.0%