Slide 1: Earnings Conference Call 3rd Quarter 2017
Earnings Conference Call 3rd Quarter 2017 November 2, 2017
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, that relate to future even
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 Nine Months Ended September 30 Ended September 30 2017 2016 2017 2016 Net Income $ 90,634 $ 83,100 $ 173,567 $ 165,075 Average shares outstanding– diluted 50,421 50,393
Slide 5: Third Quarter 2016 to 2017
Third Quarter 2016 to 2017 IDACORP, Inc. Net Income (millions) Net Income – For the Quarter Ended September 30, 2016 $ 83.1 Increase (decrease) in Idaho Power net income: Customer growth, net of associated power supply costs and power cost adjustment mechanism impacts $ 2.3 Usage per customer, net o
Slide 6: Operating Cash Flows
Operating Cash Flows (millions) Nine Months Ended September 30 IDACORP 2017 2016 Net Cash Provided by Operating Activities $ 348.8 $ 275.4 Liquidity As of September 30, 2017 (millions) IDACORP(1) Idaho Power Revolving Credit Facility – Expires November 2021 $ 100.0 $ 300.0 Commercial Paper Outstandi
Slide 7: Key Financial & Operating Metrics and 2017 Earnings Per Share Guidance
Key Financial & Operating Metrics and 2017 Earnings Per Share Guidance (Millions Except for Per Share Amounts) 2017 Estimates Current (1) Previous (2) IDACORP Earnings Per Share Guidance (3) $ 4.05 - $ 4.15 $ 3.95 – $ 4.05 Idaho Power Operations & Maintenance Expense No Change $ 345 – $ 355 Idaho Po
Slide 8: Idaho Power Customer Growth
Idaho Power Customer Growth 1.8% 545,000 No. 1 Top Performing Economy (Idaho) 535,000 — Bloomberg, August 2017 No. 6 America’s Cheapest States to Live (Idaho) 525,000 - CNBC, July 2017 515,000 No. 6 Best Run City in America (Boise) — WalletHub, July 2017 505,000 No. 8 Best State Capitals to Live in
Slide 9: Common Stock Dividend Growth
Common Stock Dividend Growth “IDACORP’s Board of Directors has approved a dividend increase every year from 2012 forward. Cumulatively, these changes represent an increase of 97 percent in IDACORP’s quarterly dividend. As customer and earnings growth has continued, we have also been able to grow our
Slide 10: Regulatory & Project Updates
Regulatory & Project Updates Energy Efficiency Rider Labor prudency order 500 kV Transmission Line Updates Boardman-to-Hemingway Expected Bureau of Land Management Record of Decision in 2017 General Rate Cases/Extension of Idaho Sharing Mechanism Assessing the need to file and the timing of filing 1
Slide 11: Weather Outlook
Weather Outlook November 2017 Through January 2018 11 Source: NOAA, National Oceanic Atmospheric Administration, U.S. Dept of Commerce, September 21, 2017
Slide 12: Contact Information
Contact Information Investors & Analysts Media Justin S. Forsberg Jordan Rodriguez Director of Investor Relations Corporate Communications (208) 388-2728 (208) 388-2460 JForsberg@idacorpinc.com JRodriguez@idahopower.com Webcast and presentation on WWW.IDACORPINC.COM