Algonquin Power & Utilities Corp. · TSX:AQN
Algonquin Power & Utilities — Q2 2021 Earnings Presentation
21 slides from Algonquin Power & Utilities's earnings presentation, Aug 13, 2021
Slide 1: Q2 2021 Earnings Conference Call
Q2 2021 Earnings Conference Call August 13, 2021 10:00 a.m. ET
Slide 2: Forward-Looking Statements
F orward-Looking Statements Certain written statements included herein and/or oral statements made in connection with the presentation contained herein constitute “forward-look ing information” within the meaning of applicable securities laws in each of the provinces of Canada and the respective pol
Slide 3: Speakers and Agenda
Speakers and Agenda Arun Banskota Arthur Kacprzak Amelia Tsang President and Chief Financial Officer Vice President, Chief Executive Officer Investor Relations Introductory Remarks…………….………………............................................. Amelia Tsang Q2 2021 Strategic Achievements.……................
Slide 4: Strategic Achievements
Q2 2021 Earnings Conference Call Strategic Achievements
Slide 5: Strategic Achievements
Strategic Achievements Solid YoY Growth in Key Financial Metrics • Q2 2021 Adjusted EBITDA1 of $244.9 million – a 39% year-over-year increase • Q2 2021 Adjusted Net EPS1 of $0.15 – a 67% year-over-year increase • Growth through acquisitions and related investment opportunities No material earnin
Slide 6: Regulated Services Group - Growth
Regulated Services Group - Growth • ‘Greening the fleet’ initiatives accelerate our transition to a clean energy future • Completed construction of our Midwest wind facilities: North Fork Ridge, Kings Point & Neosho Ridge • Early retirement of Asbury coal plant has reduced emissions by over 900,000
Slide 7: Regulated Services Group – Operational Excellence
Regulated Services Group – Operational Excellence • Safety and reliability key priorities • Achieved milestone of 526 days and over 7 million hours without a single lost time injury • Innovative approaches to support system resiliency • Customer First: successful implementation of new SAP systems at
Slide 8: Renewable Energy Group - Growth
Renewable Energy Group - Growth • Strong relationships with key Commercial & Industrial (“C&I”) customers • Demand from C&I customers expected to be an attractive source of growth for Algonquin • Maverick Creek Wind Facility in Texas (492 MW) • Reached commercial operations in Q2 2021 • Long-term po
Slide 9: Three Pillar Foundation – Sustainability
Three Pillar Foundation – Sustainability • Reached milestone of owning, operating and having net interests in 4 GW of renewable generation • On track to achieving 75% renewable energy generation by 2023 • Added over 1,400 MW of renewable generation since beginning of 2020 • Firmly committed to inclu
Slide 10: Financial Performance
Q2 2021 Earnings Conference Call Financial Performance
Slide 11: Financial Performance
Financial Performance Three Months Ended June 30 All figures are in $ millions except per share data 2021 2020 Variance Adjusted Net Earnings1 91.7 47.4 93% Per share 1 0.15 0.09 67% Adjusted EBITDA1 244.9 176.3 39% Adjusted Funds from Operations1 161.3 93.4 73% Dividend per share 0.1706 0.1551 10%
Slide 12: Financial Updates
Financial Updates • Making progress on 2021 capital plan • Deployed ~$1.2 billion of capital in Q2 2021, bringing total capital deployed YTD to approximately $3.1 billion • Completed a Green Mandatory Equity Units offering with total gross process of $1.15 billion • Largely de-risking Algonquin’s 5-
Slide 13: Advancing our Strategic Plan
Q2 2021 Earnings Conference Call Advancing our Strategic Plan
Slide 14: Advancing our Strategic Plan
Advancing our Strategic Plan $9.4 Billion Capital Investment Plan – 2021 through 2025 • $6.3 billion – Regulated Services Group • $3.1 billion – Renewable Energy group • Majority of identified projects in operation, under construction, or in advanced stages of development Identified Pipeline of
Slide 15: Concluding Remarks
Concluding Remarks Continue to successfully execute on Three strategic pillars provide key Strive to create long-term largest construction program in foundation as we continue to build shareholder value through delivery Company’s history the business of earnings and dividend growth Robust investment
Slide 16: Q&A
Q&A
Slide 17: Appendix
Q2 2021 Earnings Conference Call Appendix
Slide 18: Non-GAAP Financial Measures
Non-GAAP Financial Measures Reconciliation of Adjusted EBITDA to Net Earnings The following table is derived from and should be read in conjunction with the consolidated statement of operations. This supplementary disclosure is intended to more fully explain disclosures related to Adjusted EBITDA an
Slide 19: Non-GAAP Financial Measures
Non-GAAP Financial Measures Reconciliation of Adjusted Net Earnings to Net Earnings The following table is derived from and should be read in conjunction with the consolidated statement of operations. This supplementary disclosure is intended to more fully explain disclosures related to Adjusted Net
Slide 20: Non-GAAP Financial Measures
Non-GAAP Financial Measures Reconciliation of Adjusted Funds from Operations to Cash Flows from Operating Activities The following table is derived from and should be read in conjunction with the consolidated statement of operations and consolidated statement of cash flows. This supplementary disclo
Slide 21: Corporate Information and Contact Information
Corporate Information Head Office Greater Toronto Area, Ontario Toronto Stock Exchange AQN, AQN.PR.A, AQN.PR.D New York Stock Exchange AQN, AQNA, AQNB, AQNU S hares Outstanding* 617,540,355 S hare Price* $14.88 Market Capitalization* $9.2 B Dividend** $0.6824 per share annually * Shares outstanding,
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