Enron Global Markets 2001 Financial Plan November 7

Enron Global Markets 2001 Financial Plan November 7, 2000

Enron Global Markets - 2001 Financial Plan CONTENTS u Earnings Review u Capital Deployed u Cash Flows u Headcount Plan 2001. ppt 2

Enron Global Markets - Earnings Growth 1998 -2001 ($ millions) Actual 1998 EBIT Actual 1999 $30 $81 Plan 2000 $135 EBIT Forecast 2000 Plan 2001 $65 $281 $135 $81 $65 $30 Note: Puerto Rico, Middle East and LNG EBIT included in 4 Q 2000 and 2001 only. Plan 2001. ppt 3

Enron Global Markets - Earnings by Commercial Team ($ millions) Plan 2001. ppt 4

Enron Global Markets - Capital Deployed ($ millions) $427 5 Emissions Technology 93 Puerto Rico Assets $295 $257 65 Puerto Rico Assets 25 Project Dolphin 25 Transportation Acquisition 25 Project Dolphin 39 LNG Assets 5 LNG Assets 220 Working Capital 37 Coal Merchant Investments Plan 2001. ppt 164 Working Capital 36 Coal Merchant Investments 179 Working Capital 61 Coal Merchant Investments 5

Enron Global Markets - Return on Capital Deployed ($ millions) Forecast 2000 Plan 2001 Earnings: Gross Margin EBIT Average Capital Deployed ROCE EBIT Plan 2001. ppt $203 $510 65 281 276 361 24% 78% Year end Capital Deployed 6

Enron Global Markets - Cash Flow Summary - ($ millions) Plan 2001. ppt 7

Enron Global Markets - Strategic & Merchant Investments - ($ millions) Merchant Investments Strategic Investments $25 $11 $5 $36 $77 Plan 2001. ppt $25 8

Enron Global Markets - Headcount: 1999 - 2001 Headcount 12/31/99 2000 Forecast 2001 Plan 643 478 34% 368 43% 44% 20% 35% 29% 26% 31% 38% Note: Commercial headcount numbers include Executives, Directors and Managers 1999 Includes Puerto Rico, Middle East and LNG Plan 2001. ppt 9