Avista Corporation · NYSE:AVA
Avista — Q1 2025 Earnings Presentation
15 slides from Avista's earnings presentation, May 7, 2025
Slide 1: Q1 2025 Earnings
AIVISTA Q1 2025 Earnings May 7, 2025
Slide 2: Call Participants
Call Participants Heather Rosentrater Kevin Christie President and Chief Executive Officer Senior VP, Chief Financial Officer, Treasurer, and Regulatory Affairs Officer 2
Slide 3: Forward-Looking Statements
Forward-Looking Statements This presentation contains forward-looking statements, including statements regarding our current expectations for future financial performance and cash flows, capital expenditures, financing plans, our current plans or objectives for future operations and other factors, w
Slide 4: Strong Utility Results Reflect Solid Execution
Strong Utility Results Reflect Solid Execution Earnings (Loss) per Diluted Share by: Q1 2025 Q1 2024 • Improvement in earnings year Reportable segments over year led by utility operations Avista Utilities $0.97 $0.86 • Wildfire legislation in Washington and Idaho AEL&P $0.04 $0.05 represents positiv
Slide 5: Consolidated Earnings Bridge
Consolidated Earnings Bridge $0.09 $0.36 $(0.16) $(0.03) $(0.04) $(0.08) $0.98 $(0.03) $(0.01) $0.91 $(0.03) * Including intracompany. The chart above includes electric and gas utility margin, which are considered non-GAAP financial measures. Refer to the Appendix for a reconciliation of these non-G
Slide 6: Driving Effective Regulatory Outcomes
Driving Effective Regulatory Outcomes Washington ▪ New rates effective 1/1/2025. ▪ Base electric revenue increase of $11.9M (2%) in year 1, and $68.9M ($44.5M net) (11.6%) in year 2. ▪ Base gas revenue increase of $14.2M (11.2%) in year 1, and $4.0M (2.8%) in year 2. ▪ Overall rate of return 7.32% a
Slide 7: Investing in the Utility of the Future
Investing in the Utility of the Future Other $650 6% $625 Enterprise $600 Technology 14% $575 Transmission Natural and $525 Gas Distribution 15% 48% Generation 18% 2025 2026 2027 2028 2029 Avista Utilities Expected Capital Spend 2025-2029 Allocation of Avista Utilities $ in millions Expected Capital
Slide 8: Prudent Balance Sheet and Liquidity
Prudent Balance Sheet and Liquidity Consolidated capital structure Liquidity March 31, 2025 Common stock issued and expected March 31, 2025 ($ in millions) ($ in millions) $80 Issued through 3/31/2025 $16 Debt Available liquidity Equity 53.6% $261 46.4% Letters of credit Upcoming debt maturities out
Slide 9: Earnings Guidance
Earnings Guidance Guidance Assumptions 2025 ▪ Our guidance does not include the effect of unusual or non-recurring items until the effects are probable. Reportable segments: Various factors could cause actual results to differ materially from our expectations. Please refer to our 10-K for 2024, and
Slide 10: Questions
Questions 10
Slide 11: Contact Information
Contact Information Analysts and Investors Stacey Walters Investor Relations Manager (509) 495-2046 stacey.walters@avistacorp.com Media Lena Funston External Communications Manager (509) 495-8090 lena.funston@avistacorp.com Webcast replay Archived on investor.avistacorp.com 11
Slide 12: Appendix
Appendix 12
Slide 13: Reconciliation of Non-GAAP Measures
Reconciliation of Non-GAAP Measures Electric Natural Gas Intracompany Total 2025 2024 2025 2024 2025 2024 2025 2024 For the three months ended Mar. 31 Operating revenues $ 363 $ 367 $ 244 $ 234 $ (4) $ (6) $ 603 $ 595 Resource costs 126 166 134 132 (4) (6) 256 292 Income taxes (a) 50 42 22 21 - - 72
Slide 14: Risks, Uncertainties and Other Factors That Could Affect Future Results
Risks, Uncertainties and Other Factors That Could Affect Future Results Forward-looking statements are subject to a variety of risks, uncertainties and other factors, most of which are beyond our control and many of which could have significant impact on our operations, results of operations, financ
Slide 15: Risks, Uncertainties and Other Factors That Could Affect Future Results
Risks, Uncertainties and Other Factors That Could Affect Future Results Technology Risk changes in technologies, possibly making some of the current technology we utilize obsolete or introducing new cyber security risks and other new risks inherent in the use, by either us or our counterparties, of