============= Page 1 of 7 ============= E`I~i°'tUS $ y 3 7 516 - 14 T is Equity D E S DELAY 13:00 Vol 379, 100 Op 371516 N Hi 371516 T Lo 37 T ValTrd 14140054 D E S C R I P T I 0 N Page 1 /10 E`i N' E U 5 11) CN ENRON CORP CUSIP 293561106 Pipelines 12) HH Hoover's Handbook Enron corporation is an integrated natural gas and electricity company. The Company transports and markets natural gas to markets throughout the United States and internationally. Enron also explores for and produces natural gas and crude oil in the United States and internationally. STOCK DATA e)DVD DIVIDENDS - Quarterly ,)GPO Current Price $3s Indicated Gross Yld 2.41 52Wk High 11/25 $ 4712 Dividend Growth SYR 6.43% 52Wk Low 8/18 $ 35 Ex-Date Type Amt YTD Chng (-13.33%) $ -53 4 8/28/97 REG CASH $ .225 2)TRA 1 Yr Total Return -7.72% 3)CH1 Current Shares Out 299.498M EARNINGS Market Cap 11193.74M Trailing 12mo EPS $ .170 Float 227.45M 9$E Est EPS 12/97 $ 2.266 50BETA Beta vs. SPX .92 io)GE P/E 219.85 Est P/E 16.49 sioCM Options avail & Stk Mar inable EPS Yr change 11.59% Bloorwero-all rights reserved. Frankfurt:o9-920410 Hong Kong:2-521-3000 London: 171-330-7500 New York: 2 "12-318-2360 Princeron:609-279-3000 5ingapore:226.3000 Sydney:2-9777-860C Tokyo:3-32C!-8900 Sao Paulo: 11-3 048-4500 G262-465-2 27-Aug-97 13:2::35 BOA/FBI/LAY: 31106 LBF002-00355 ============= Page 2 of 7 ============= Page I-Iit 1 for a more F N E TT S detailed company management profile ENRON CORP DG28 Equity D E S (MGMT). ARC ) /1 n 1400 SMITH ST T:713-853-6161 F:713-853-7920 HOUSTON,TX 77002-7369 http://www.enron.com UNITED STATES TR AG First Chicago Trust Company of NY # OF EMPLOYEES 11,700 KENNETH L LAY PHD CHAIRMAN/CEO JOHN A URQUHART VICE CHAIRMAN JEFF`r:EY K SKILLING PRESIDENT/COO EDMUND P SEGNER III EXEC VP/CHIEF OF STAFF J CLIFFORD BAXTER SENIOR VP RICHARD A CAUSEY SENIOR VP/CHIEF ACCTG & INFORMATION OF Type Common Stock PAR .1 MEMBER TICKER WEIGHT PRIMARY EXCHANGE NEW YORK S&P 500 INDEX SPX .163°% COUNTRY UNITED STATES DOW JONES UTILIT UTIL 7.0460 FISCAL YEAR END DECEMBER NYSE COMPOSITE I NYA -1320 SIC Code 1321 NATR GAS LIQ BLOOMBERG MIDLAN BNEX 1.423% VALOREN 928447 NYSE UTILITIES I NN 1.391% WPK Number 851914 DOW JONES COMP. COMP 1.013% SEDOL 2466019 RUSSELL 1000 IND RIY .128% Sicovam 949696 RUSSELL 3000 IND RAY .115% ISI17 US2935611069 S&P BARRA VALUE SVX .327% AMEX NATURAL GAS XNG 6.301% Bloomberg-a.1 rights reserved. Frankfurt:69-92042.0 Hone {ong:2-521-3000 London; 171-330-7500 New York:2i2-318-2000 Princeton:609-279-3000 Singapore:226-3000 Sydney:2-9777-8600 Tokyo:3-3201-8900 Sao Pau1o:11-3048-4500 G262-465-2 27-Aug-97 13:21:40 N BOA/FBI/LAY: 31107 LBF002-00356 ============= Page 3 of 7 ============= Page R A T I O S ENE US ENRON CORP FY END DEC 1996 * = Trailing 12 month DG28 Equity D E S Page 3 / 10 = Last Ouarter 01:1997 ISSUE DATA PER SHARE DATA CASH FLOW ANALYSIS Price 373e P/E 219.85 Trailing 12m EPS .17 Cashflow/net inc 1.76 Div Yld 2.41 Trailing 12m DPS .90 Payout ratio 37.32 Price/Book 2.52 Book value/share 14.80 Csh gen/Csh req .92 Price/Sales .69 Sales/share 54.02 Dvd coverage 2.68 Price/Cashflow 8.84 Cashflow/share 4.23 Cash-oper/sales 7.83 Market cap. 11193.74 Shares out 299.50 Eff int. rate 8.86 Price/FCF 49.70 FCF/share .75 GROWTH POTENTIAL PROFITABILITY STRUCTURE EPS Yr change 11.59 Operating margin 5.19 % "Current ratio 1.18 Cap Yr change 17.66 Pretax margin 7.00 % -Quick ratio .63 BVPS Yr change 16.36 Return on assets 3.98 % Debt to assets 23.53 R & D to sales .67 Return on equity 17.18 % "'T debt/Com eqty 94.36 Retention rate 62.68 Return on cap. 9.99 % A/R turnover 8.99 Sales Yr change 44.62 Asset turnover .90 Inv. turnover 79.52 Employ Yr change 74.63 Fin. leverage 4.44 Gross margin 17.59 Asset Yr change 21.89 Eff tax rate 29.14 % EBIT/int expense 2.43 B'oomberg-a11 rights reserved. Frankfurt :69-920410 Hong Kong:2-S21-3000 London:171-33D-7500 New York:2_2-319-27_0 Erinceton:609-279-3000 Singapore:226-3000 Sydney:2-9777-8600 Tokyo:3-3201-8900 Sao Paulo: 11-3048-4SOO G262-465-2 27-Aug-97 13:21:45 BOA/FBI/LAY: 31108 -BF002-00357 ============= Page 4 of 7 ============= Page DG28 Equity D E S S H A R E H O L D E R I N F O R M A T I O N Page 4 /10 ENRON CORP LATEST PUBLIC OFFERING Date of offering 4/92 Shares offered 6.77M Split Adj: 13.53M Share Price $ 36.50 Split Adj: 18.25 Lead Manager CS FIRST BOSTON Type Common Stock INSIDER TRADING INSTITUTIONAL OWNERSHIP Net $ Value Buys and Sells As Of 8/20/97 # of Buyers 246 (1985 - Present In Dollars) # of Sellers 225 Lowest activity 10/96 -8.75MLN # of Holders 529 Highest activity 9/89 7.98MLN Shares Held 17 8.24MLN Mean: -1.02MLN % Shares Out. 69.86 Most recent 45 days -1.96MLN Shares Sold 3.71MLN 9ioomberg-all rights reserved. Frank furt:69-920410 Hong Kong:2-521- 3000 Lordon:171-330-7500 New York:212-318-2000 Princeton: 609-279-3000 Singapore:226-3000 Sydney:2-9777-8600 Tokyo:3-3201-8900 Sao Paulo:ll-3048-4500 G262-465-2 27-Aug-97 13:21:48 BOA/FBI/LAY: 31109 LBF002-00358 ============= Page 5 of 7 ============= Page E N E U S ENRON CORP Net sales 6000 4000 2000 _. r.~. ... ........ .......... ..-..i 0 MAR90 MAR92 MAR94 MAR96 1 0 -1 -2 MAR DG28 Equity DES Page 5 /10 EPS 90 MAF'9? .G,MAR4a MGR9F, YR 01 02 03 04 YR 01 02 03 04 1997 5344.0 3240.0 997 . .88 -1.71 .. 1996 3054.0 2960.9 3225.2 4048.9 996 .86 .48 .52 1995 2303.9 2149.3 2185.8 2549.9 995 .79 .37 .40 :52 1994 2455.7 1910.7 2030.7 2586.6 994 .70 .30 .38 .43 1993 1857.5 1907.1 1933.7 2287.6 1993 .60 .24 .07 .42 1992 1496.2 1308.3 1500.2 2019.9 1992 .54 .21 .26 .4-4 1991 3607.1 3035.4 1185.2 3593.0 1991 .51 .16' .13 .29 1990 3068.7 2251.3 3139.5 4705.8 990 .42 .14 .04 .23 Net sales amounts in mil of 5, per share amounts in S. Bloomberg-all rights reserved. Frankfurt: 69-920410 Hong Kong :2-521-3000 London 171-330-7500 New York 212-318-2000 Princeton 604-279-3000 Singapore~226-3000 Sydney:2-9777-8600 Tokyo:3-3201-8900 Sao Paulo:11-3048-4500 G262-465-2 27-Aug-97 13.21:57 1 BOA/FB)/LAY: 31110 _BF002-00359 ============= Page 6 of 7 ============= Page DG28 Equity D E S Hit 1 for more income statement information (Ci2). I N C 0 M E S T A T E M E N T ( Mil of $) Page 8 /10 E N E U S ENRON CORP 12/93 12/94 12/95 12/96 Net sales 7985.8 8983.7 9189.0 13289.0 Cost of goods sold 6024.2 6958.4 7165.2 10952.0 Sell, gen & adm exp 1330.8 1309.5 1405.8 1647.0 Operating inc(loss) 630.8 715.8 618.0 690.0 Interest expense 300.1 273.5 284.0 274.0 For exchange L (G) .0 -8.2 .7 .0 Net non-op L (G) -164.7 -200.6 -516.0 -514.0 Income tax expense 135.3 166.6 285.4 271.0 Reserve charges (cr) .0 .0 .0 .0 Income bef XO items 360.1 484.5 563.8 659.0 XO L(G) pretax .0 .0 .0 .0 Tax effect on XO items .0 .0 .0 .0 Minority interest 27.6 31.0 44.1 75.0 Net income (loss) 332.5 453.4 519.7 584..0 Tot cash pref. dvd 16.9 15.0 15.4 16.0 Tot cash coma. dvd 170.5 191.8 204.6 212.0 Avg #) shares for EPS 239.0 243.4 243.7 246.0 EPS before XO items 1.320 1.800 2.070 2.310 EPS aft XO items 1.320 1.800 2.070 2.310 Biocntberg-all rights reserved. Frankf urt: 69- 920410 Hong Kong:2-521-3000 London: 171-330-7500 New York: 212-318-2000 Princecon:609-279-3000 Singapore:2 26-3000 Sydney:2-9777-86600 Tokyo:3-3201-8900 Sao Paulo: 11-3 046-4500 2262-465-2 27-Aug-97 13:22:21 BOA/F BULAY: 31111 LBF002-00360 ============= Page 7 of 7 ============= Page DG28 Equity D E S Hit 1 for more cash flow information (CH6). CASH FLOW SUMMA RY (Mil of $ ) Page 10/10 E N E U S ENRON CORP 12/93 12/94 12/95 12/96 Net income (loss) 332.5 453.4 519.7 584.0 Deprec & amort 458.2 441.3 431.7 474.0 Other non-cash adj -245.9 -249.4 -132.8 -160.0 Chg in non-cash we -76.5 -141.4 -833.6 142.0 Cashflow-operating act 468.3 504.0 -15.0 1040.0 Disp of fixed asst .0 .0 .0 .0 Capital expenditures -695.4 -660.9 -730.5 -855.0 Sale LT invest .0 .0 .0 .0 Purchase LT invest .0 .0 .0 .0 Other investing acts 56.2 57.2 743.9 -375.0 Cashflow-investing act -639.2 -603.7 13.4 -1230.0 Dividends paid -189.8 -231.1 -254.3 -281.0 Inc(dec) ST borrow 42.8 115.3 -250.3 217.0 Increase: LT borrow 613.9 190.1 967.1 359.0 Decrease: LT borrow -450.2 -161.8 -447.7 -294.0 Inc capital stock 22.9 229.4 19.8 322.0 Dec capital stock -71.1 -41.1 -64.7 .0 other financing acts 201.0 -9.1 14.3 8.0 Cashflow-financing act 169.5 91.8 -15.8 331.0 Net changes in cash -1.4 -7.9 -17.4 141.0 P'-oec_er3-a1l rights reserved. Fray-_°_urt:6 9-920410 Hong Kong :2-S21-3000 London:171-330-7500 New ?crk:212-315-2000 Prance=on:609-279-3000 Singapore:226-30 00 Sydney:2-977 7-8600 Tokyo:3-3201-8900 Sao Paulc:11-3048-4500 G262-465-2 27-.lug-97 13:22:30 BOA/FBI/LAY: 31112 LBF002-00361