Slide 1: Earnings Conference Call 2nd Quarter 2022
Earnings Conference Call 2nd Quarter 2022 August 4, 2022
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 Lisa Grow Brian Buckham IDACORP President IDACORP Senior Vice President & Chief Executive Officer & Chief Financial Officer 3
Slide 4: Earnings Performance
Earnings Performance Three Months Six Months Ended June 30 Ended June 30 2022 2021 2022 2021 Net income $ 64,287 $ 70,023 $ 110,548 $ 114,854 Weighted average common shares outstanding – diluted 50,687 50,622 50,673 50,601 (000’s) Earnings per diluted share $ 1.27 $ 1.38 $ 2.18 $ 2.27 4
Slide 5: Growth & Economic Expansion
Growth & Economic Expansion Idaho Power Customer Growth 615,000 2.6% Increased Earnings Guidance 605,000 $ 4.95 – $ 5.05 595,000 585,000 575,000 Residential growth 565,000 near Meridian, Idaho 555,000 545,000 Twelve Months 2018 2019 2020 2021 Ended June 30, 2022 Moody’s GDP Growth Projections for Id
Slide 6: Q2 2021 to Q2 2022
Q2 2021 to Q2 2022 IDACORP, Inc. Net Income (in millions and before related income tax impact unless otherwise noted) Net Income – For the Quarter Ended June 30, 2021 $ 70.0 Increase (decrease) in Idaho Power net income: Customer growth, net of associated power supply costs and power cost adjustment
Slide 7: Operating Cash Flows, Liquidity, & Capital Structure
Operating Cash Flows, Liquidity, & Capital Structure Six Months Cash Flows (millions) Ended June 30 Capital Structure as of IDACORP 2022 2021 June 30, 2022 Net Cash Provided by Operating Activities $ 156.0 $ 167.2 IDACORP Idaho Power Liquidity As of June 30, 2022 Debt 44% 46% (millions) IDACORP(1) I
Slide 8: 2022 Earnings Per Share Guidance & Estimated Key Operating Metrics
2022 Earnings Per Share Guidance & Estimated Key Operating Metrics (Millions Except for Per Share Amounts) Current(1) Previous(2) IDACORP Earnings Per Diluted Share Guidance $ 4.95 – $ 5.05 $ 4.85 – $ 5.05 Idaho Power Additional Amortization of Accumulated No change None Deferred Investment Tax Cred
Slide 9: Weather Outlook
Weather Outlook August Through October 2022 Precipitation Temperature 9 Source: NOAA, National Oceanic Atmospheric Administration, U.S. Dept. of Commerce, July 21, 2022
Slide 10: Contact Information
Contact Information Investors & Analysts Justin S. Forsberg Director of Investor Relations & Treasury (208) 388-2728 JForsberg@idacorpinc.com Media Jordan Rodriguez Corporate Communications (208) 388-2460 JRodriguez@idahopower.com 10 Webcast and presentation on WWW.IDACORPINC.COM