Alliant Energy Corporation · NASDAQ:LNT
Alliant Energy — Q2 2024 Earnings Presentation
10 slides from Alliant Energy's earnings presentation, Aug 2, 2024
Slide 1: Alliant Energy Corporation Q2 2024 Earnings Call
Alliant Energy Corporation Q2 2024 Earnings Call August 2, 2024
Slide 2: Cautionary Statements
Cautionary Statements Forward-looking Statements The information regarding forecasted earnings per share, forecasted effective income tax rates, financing plans, and regulatory plans contain forward-looking statements. Actual results could differ materially because the realization of those results i
Slide 3: Building Stronger Communities
Building Stronger Communities Creating growth to fuel economies in Iowa & Wisconsin • Announced 32 industrial growth projects in Iowa and Wisconsin in 2024: ‒ Nearly $900 million in capital expenditures ‒ Creating approximately 900 local jobs • Future opportunities: ‒ Executing agreements with multi
Slide 4: Settlement in Iowa Rate Review
Settlement in Iowa Rate Review Supports the company’s ability to attract economic development and contributes to expected long-term growth, stable earnings and customer affordability • Innovative partial settlement reached with Office of Consumer Advocate (OCA) and Iowa Business Energy Coalition (IB
Slide 5: Settlement in Iowa Rate Review
Settlement in Iowa Rate Review Positions our customers, communities and investors well for meeting growing energy needs • Includes new individual industrial customer rate - tool to attract new load to our service footprint • Increases retail electric revenue requirements by $185 million, 2-year phas
Slide 6: Financial Highlights: Q2 2024 Results
Financial Highlights: Q2 2024 Results Q2 2024 ongoing earnings per share of $0.57 Q2 2023 Q2GAAP 2023 earnings to Q2 2024 per GAAP shareEPS Variances: $0.64 Revenue requirements from capital investments at WPL 0.12 Timing of income taxes – no impact to full year earnings (0.06) Higher financing expe
Slide 7: 2024 Earnings Guidance
2024 Earnings Guidance Reaffirming 2024 ongoing EPS guidance range of $2.99 - $3.13 Key Assumptions in Earnings Guidance: • Ability of IPL and WPL to earn their authorized rates of return • Normal temperatures in its utility service territories for last five months of the year • Constructive and tim
Slide 8: Financing Plans
Financing Plans Strong balance sheet and cashflows 2024 Financing Plans Key Messages Raised ~$975M in long-term debt in H1 2024 • Modest future equity needs to maintain 40-45% parent equity structure • $300M term loan at variable rate at AE Finance • $300M green bond at 5.375% at WPL • Aim to achiev
Slide 9: Ongoing Regulatory Proceedings
Ongoing Regulatory Proceedings Regulatory initiatives focused on customer focused investments Docket Est. Date Regulatory Progress in Iowa • Commission decision on electric and gas general rate review for new base rates effective Oct. 1, 2024 RPU-2023-0002 Q3 2024 • Anticipated filings for additiona
Slide 10: GAAP to Ongoing Earnings Reconciliation
GAAP to Ongoing Earnings Reconciliation The following table provides a summary of Alliant Energy’s results for the three months ended June 30: GAAP EPS Adjustments Ongoing EPS 2024 2023 2024 2023 2024 2023 IPL $0.07 $0.35 $0.23 $-- $0.30 $0.35 WPL 0.25 0.29 -- -- 0.25 0.29 Corporate Services 0.01 0.