Slide 1: Earnings Conference Call
Earnings Conference Call 2nd Quarter 2019 August 1, 2019
Slide 2: Forward-Looking Statements
Forward-Looking Statements In addition to the historical information contained in this presentation, this presentation contains (and oral communications made by IDACORP, Inc. and Idaho Power Company may contain) statements, including, without limitation, earnings guidance and estimated key operating
Slide 3: Leadership Presenting Today
Leadership Presenting Today Darrel Anderson Steve Keen IDACORP President IDACORP Senior Vice President, 3 & Chief Executive Officer Chief Financial Officer, & Treasurer
Slide 4: Earnings Performance
Earnings Performance IDACORP, Inc. Net Income and Earnings Per Diluted Share (Thousands Except for Per Share Amounts) Three Months Six Months Ended June 30 Ended June 30 2019 2018 2019 2018 Net Income $ 53,156 $ 62,288 $ 95,842 $ 98,430 Average shares outstanding– diluted 50,507 50,481 50,512 50,472
Slide 5: Q2 2018 to Q2 2019
Q2 2018 to Q2 2019 IDACORP, Inc. Net Income (millions) Net Income – For the Quarter Ended June 30, 2018 $ 62.3 Increase (decrease) in Idaho Power net income: Customer growth, net of associated power supply costs and power cost adjustment mechanisms $ 4.2 Usage per retail customer, net of associated
Slide 6: Operating Cash Flows
Operating Cash Flows (millions) Six Months Ended March 31 IDACORP 2019 2018 Net Cash Provided by Operating Activities $ 166.1 $ 196.4 Liquidity As of June 30, 2019 (millions) IDACORP(1) Idaho Power Revolving Credit Facility – Expires November 2022 $ 100.0 $ 300.0 Commercial Paper Outstanding – – Ide
Slide 7: 2019 Earnings Per Share Guidance & Estimated Key Financial & Operating Metrics
2019 Earnings Per Share Guidance & Estimated Key Financial & Operating Metrics (Millions Except for Per Share Amounts) 2019 Estimates Current(1) Previous(2) IDACORP Earnings Per Diluted Share Guidance $ 4.35 – $ 4.50 $ 4.30 – $ 4.45 Idaho Power Additional Amortization of Accumulated No Change None D
Slide 8: Growth & Economic Expansion
Growth & Economic Expansion 565,000 2.5% Idaho Power Customer Growth 555,000 545,000 535,000 525,000 515,000 505,000 Twelve Months 2015 2016 2017 2018 Ended June 30, 2019 No. 1 Fastest Growing State (Idaho) — U.S. Census Bureau, published December 2018 No. 1 Best Places to Live in America (Boise) -
Slide 9: Weather Outlook
Weather Outlook August Through October 2019 9 Source: NOAA, National Oceanic Atmospheric Administration, U.S. Dept. of Commerce, July 18, 2019
Slide 10: Contact Information
Contact Information Investors & Analysts Media Justin S. Forsberg Jordan Rodriguez Director of Investor Relations & Treasury Corporate Communications (208) 388-2728 (208) 388-2460 JForsberg@idacorpinc.com JRodriguez@idahopower.com Webcast and presentation on WWW.IDACORPINC.COM