Slide 1: Earnings Conference Call 2nd Quarter 2018
Earnings Conference Call 2nd Quarter 2018 August 2, 2018
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 Darrel Anderson Steve Keen IDACORP President IDACORP Senior Vice President, 3 & Chief Executive Officer Chief Financial Officer, & Treasurer
Slide 4: Earnings Performance
Earnings Performance IDACORP, Inc. Net Income and Earnings Per Diluted Share (Thousands Except for Per Share Amounts) Three Months Six Months Ended June 30 Ended June 30 2018 2017 2018 2017 Net Income $ 62,288 $ 49,831 $ 98,430 $ 82,933 Average shares outstanding– diluted 50,481 50,407 50,472 50,402
Slide 5: Second Quarter 2017 to 2018
Second Quarter 2017 to 2018 IDACORP, Inc. Net Income (millions) Net Income – For the Quarter Ended June 30, 2017 $ 49.8 Increase (decrease) in Idaho Power net income: Customer growth, net of associated power supply costs and power cost adjustment mechanisms $ 1.8 Usage per retail customer, net of as
Slide 6: Operating Cash Flows and Liquidity
Operating Cash Flows (millions) Six Months Ended June 30 IDACORP 2018 2017 Net Cash Provided by Operating Activities $ 196.4 $ 189.0 Liquidity As of June 30, 2018 (millions) IDACORP(1) Idaho Power Revolving Credit Facility – Expires November 2022 $ 100.0 $ 300.0 Commercial Paper Outstanding – – Iden
Slide 7: 2018 Earnings Per Share Guidance & Estimated Key Financial & Operating Metrics
2018 Earnings Per Share Guidance & Estimated Key Financial & Operating Metrics (Millions Except for Per Share Amounts) 2018 Estimates Current(1) Previous(2) IDACORP Earnings Per Diluted Share Guidance $ 4.20 – $ 4.30 $ 4.10 – $ 4.25 Idaho Power Operations & Maintenance Expense No Change $ 345 – $ 35
Slide 8: Strong Economic Growth
Strong Economic Growth 13 U.S. Cities Where Anyone Would Be Lucky to Live (Boise) — Business Insider, published April 2018 Top Cities Ranked by Quality of Life and Average Salary (Boise) — Newsweek, published June 2018 No. 1 Highest Percentage of Inbound Moves (Idaho) — Atlas Van Lines, published Ja
Slide 9: Western Energy Imbalance Market
Western Energy Imbalance Market • Idaho Power began participating in April 2018 • Order from Idaho Public Utilities Commission provides Idaho Power opportunity to recover actual costs of its participation in EIM through power cost adjustment (PCA) mechanism • EIM automatically balances supply and de
Slide 10: Weather Outlook
Weather Outlook August Through October 2018 EC 10 Source: NOAA, National Oceanic Atmospheric Administration, U.S. Dept. of Commerce, July 19, 2018
Slide 11: Contact Information
Contact Information Investors & Analysts Media Justin S. Forsberg Jordan Rodriguez Director of Investor Relations Corporate Communications (208) 388-2728 (208) 388-2460 JForsberg@idacorpinc.com JRodriguez@idahopower.com Webcast and presentation on WWW.IDACORPINC.COM