ANNUAL MEETING: OCTOBER 25, 2017

Welcome, shareholders

WestarEnergy.com
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). Forward-
looking 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.
Board of Directors
Meeting Agenda
• Open Business Meeting
• Vote on Matters Presented in
Proxy
• Adjourn Business Meeting
• President and CEO Update
• Shareholder Questions and
Answers
• Adjourn Meeting
Meeting Agenda
• Open Business Meeting
• Vote on Matters Presented in
Proxy
• Adjourn Business Meeting
• President and CEO Update
• Shareholder Questions and
Answers
• Adjourn Meeting
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
Proposal 2
• Advisory vote to approve named executive
officer compensation

• Board recommends a vote FOR this proposal

Proposal 3
▪ Advisory vote on frequency of advisory votes
on executive compensation

▪ Board recommends a vote FOR the option of

every year
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

Meeting Agenda
• Open Business Meeting
• Vote on Matters Presented in
Proxy
• Adjourn Business Meeting
• President and CEO Update
• Shareholder Questions and
Answers
• Adjourn Meeting
2017 ANNUAL MEETING

Westar Energy
Mark Ruelle, President & CEO

WestarEnergy.com
Financial
Performance
2016 Share Price
$70

$60 $57.50
$50

$40
$40

$30

$20

$10

$0
January December
Shareholder Returns
Westar
185%
Energy

Peers

’10 ’11 ’12 ’13 ’14 ’15 ’16

Last year, total shareholder return was 37%.

Earnings Per Share
$2.50

$2.25

$2.00

$1.75

$1.50
2012 2013 2014 2015 2016
Dividends
$1.60

$1.40

$1.20

$1.00
2012 2013 2014 2015 2016 2017E

* Indicated full year

Taking energy
to heart
Propelling wind energy in Kansas
Westar has propelled Kansas to
3rd in the nation for wind
energy
• Invested $400 million in
Western Plains Wind Farm
• Added 300 megawatts
• Already reducing customers’
energy costs
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.
Invested $2.0 billion in improvements
Creating a lower carbon future, saving water
Focused on the
future

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

Making it easier and faster for

customers to do business with us
Focused on the future
Improving reliability with
new construction
Focused on
the future
Focused on
the future
• Invest in innovative
technology to better
serve our customers
• Testing augmented
reality
• Using advanced
pattern recognition
Focused on
the future
• Invented our
industry’s first rapid
recovery high-
voltage transformer
• Finalist for the
prestigious EEI
Edison Award
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
 Building a stronger company
• Geographic fit with neighbors
• Complimentary operations
Westar Energy
• Operational efficiency
Great Plains Energy
Building a stronger company

Good for shareholders

• 15% higher dividend
• Higher targeted
dividend growth than
in our standalone plan
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
2017 ANNUAL MEETING

Questions?

WestarEnergy.com
Thank you
WestarEnergy.com