Slide 1: Earnings Conference Call 3rd Quarter 2016
Earnings Conference Call 3rd Quarter 2016 October 27, 2016
Slide 2: Leadership Presenting Today
Leadership Presenting Today Darrel Anderson Steve Keen IDACORP President IDACORP Senior Vice President, & Chief Executive Officer Chief Financial Officer, & Treasurer 2
Slide 3: 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 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 2016 2015 2016 2015 Net Income $ 83,100 $ 73,336 $ 165,075 $ 162,847 Weighted average shares outstanding– diluted 50,39
Slide 5: Third Quarter 2015 to 2016
Third Quarter 2015 to 2016 IDACORP, Inc. Net Income (millions) Net Income – For the Quarter Ended September 30, 2015 $ 73.3 Change in Idaho Power net income: Sales volumes attributable to customer growth, net of associated power supply costs $ 3.6 and PCA mechanism impacts Sales volumes attributable
Slide 6: Operating Cash Flows and Liquidity
Operating Cash Flows (millions) Nine Months Ended September 30 IDACORP 2016 2015 Net Cash Provided by Operating Activities $ 275.4 $ 290.8 Liquidity As of September 30, 2016 (millions) IDACORP(1) Idaho Power Revolving Credit Facility – Expires November 2020 $ 100.0 $ 300.0 Commercial Paper Outstandi
Slide 7: Key Financial & Operating Metrics and 2016 Earnings Per Share Guidance
Key Financial & Operating Metrics and 2016 Earnings Per Share Guidance (Millions Except for Per Share Amounts) 2016 Estimates Current (1) Previous (2) Idaho Power Operations & Maintenance Expense $ 345 – $ 355 $ 350 – $ 360 Idaho Power Additional Amortization of ADITC No Change Less Than $5 Idaho Po
Slide 8: Economic Growth
Economic Growth Recognition Idaho Boise Area Strong Job Growth Projected Through 2024: Top 16 Best Places to Live in U.S. 6th Fastest in the Nation Outsideonline.com, August 2016 Idaho Department of Labor, August 2016 Top 100 Best Places to Live in U.S. No. 5 for Business Friendliness Livability.com
Slide 9: IDACORP Recognition
IDACORP Recognition Top 20 Financial Performers • IDACORP made a substantial leap in the rankings: 2016 Tied - 5th October 2016 2015 11TH 2014 17TH 2013 29TH 2012 39TH Langley Gulch Power Plant, New Plymouth, Idaho • IDACORP ranked 1st in four-year average profit margin; 4th in four-year average fre
Slide 10: Executing Our Regulatory Strategy
Executing Our Regulatory Strategy North Valmy Power Plant, near Battle Mountain, Nevada Filed with IPUC, October 21 • Accelerate depreciable life of the North Valmy Power Plant • Depreciation rate adjustment filing Idaho Power C02 Emissions Intensity 21% Average Reduction 1,200 1,000 Lb/MWh 800 600
Slide 11: Weather Outlook
Weather Outlook December 2016 Through February 2017 11 Source: NOAA, National Oceanic Atmospheric Administration, U.S. Dept of Commerce, October 2016
Slide 12: Contact Information
Contact Information Investors & Analysts Media Justin S. Forsberg Stephanie McCurdy Director of Investor Relations Corporate Communications (208) 388-2728 (208) 388-6973 JForsberg@idacorpinc.com SMcCurdy@idahopower.com Webcast and presentation on WWW.IDACORPINC.COM