Slide 1: Earnings Conference Call 3rd Quarter 2015
Earnings Conference Call 3" Quarter 2015 October 29, 2015
Slide 2: Darrel Anderson and Steve Keen
Darrel Anderson Steve Keen IDACORP President IDACORP Senior Vice President, & Chief Executive Officer Chief Financial Officer & Treasurer
Slide 3: Forward-Looking Statements
Forward-Looking Statements - In addition to the historical infarmation contained in this presentation, this presentation contains (and oral communications made by IDACORP, Inc. and Idaho Power Campany may contain) statements, including, without limitation, earings quidance, that relate to future eve
Slide 4: Earnings Performance
[pees Se Earnings Performance IDACORP, Inc. Net Income and Earnings Per Share (thousands except for per share amounts) 2015 2014 2015 2014 Net Income S 73,336 $86,889 $ 162,847 $ 158,832 Weighted average shares outstanding— diluted 50,324 50,220 50,282 50,184 Earnings per diluted share & aay 6 am |e
Slide 5: 3Q 2014 to 3Q 2015 Net Income
3Q 2014 to 3Q 2015 IDACORP, Inc. Net Income (millions) Change in Idaho Power net income: Decreased sales volumes attributable to usage per customer, net of associated power supply costs and Power Cost Adjustment (PCA) mechanism impacts $ (9.4) Fixed cost adjustment (FCA) mechanism revenues 0.2 Incre
Slide 6: Operating Cash Flows and Liquidity
Operating Cash Flows (millions) IDACORP Net Cash Provided by Operating Activities Liquidity (millions) Revolving Credit Facility - Expires October 2018 Commercial Paper Outstanding Identified for Other Usel?! Holding company only Nine Months Ended September 30 2015 2014 $ 290.8 S$ 315.8 As of Septem
Slide 7: Key Financial & Operating Metrics and 2015 Earnings Guidance
~ SIDACORP. Key Financial & Operating Metrics ~~ and 2015 Earnings Guidance (millions except for per share amounts) 2015 Estimates Current» Previous = Idaho Power Operations & Maintenance Expense No Change S$ 340-$ 350 Idaho Power Additional Amortization of ADITC No Change None Idaho Power Capital E
Slide 8: Corporate Excellence
Corporate Excellence grumies pusue Idaho Power made a substantial leap in the rankings: 2012 3g 2013 29m 2014 47h 2015 a1" Idaho Power’s fully integrated business model was cited as a key to the company’s continued success
Slide 9: Idaho business environment and regional growth
In 2014 the Kauffman Foundation scored Idaho At for small business friendliness, e “We developed a system where we refer to Idaho moving at the speed of business.” = Governor GL, “Butch” Otter « “Wewere green before green was the thing to be.” = Darrel T. Anderson, CEO IDACORP, Inc. & Idaho Power Co
Slide 10: Fall Outlook
8 Fall Outlook November 2015 Through January 2016 Precipitation Temperature |) 33% to 40% Chance of Below Normal Precipitation 1B 33% to 40% Chance of Above Normal Temperature [BB 40% to 50% Chance of Below Normal Precipitation 1B 40% to 50% Chance of Above Normal Temperature IB 50% to 60% Chance of
Slide 11: IDACORP Common Stock Dividend
IDACORP Common Stock Dividend ~ “The IDACORP Board of Directors has now approved dividend increases in each of the last four years, representing @ curnulative increase of 70 percent in IDACORP’s quarterly dividend. These increases are reflective of continued strong performance by the company. An ann
Slide 12: Contact Information
a uIDACORP. Contact Information Investors & Analysts Media Justin Forsberg Stephanie McCurdy Investor Relations Corporate Communications (208) 388-2728 (208) 388-6973 JForsberg@idacorpinc.com SMcCurdy@idahopower.com Webcast and presentation on WWW.IDACORPINC.COM