Slide 1: Earnings Conference Call 1st Quarter 2016
Earnings Conference Call 1st Quarter 2016 April 28, 2016
Slide 2: Leadership Presenting Today
Leadership Presenting Today Darrel Anderson Steve Keen IDACORP President IDACORP Senior Vice President, & Chief Executive Officer Chief Financial Officer & Treasurer 2
Slide 3: 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, that relate to future even
Slide 4: Earnings Performance
Earnings Performance IDACORP, Inc. Net Income and Earnings Per Share (thousands except for per share amounts) Three Months Ended March 31 2016 2015 Net Income $ 25,729 $ 23,430 Weighted average shares outstanding– diluted 50,337 50,260 Earnings per diluted share $ 0.51 $ 0.47 4
Slide 5: 1Q 2015 to 1Q 2016
1Q 2015 to 1Q 2016 IDACORP, Inc. Net Income (millions) Net Income – For the Quarter Ended March 31, 2015 $ 23.4 Change in Idaho Power net income: Increased sales volumes attributable to customer growth, net of associated power supply costs $ 2.2 and PCA mechanism impacts Increased sales volumes attr
Slide 6: Operating Cash Flows Liquidity
Operating Cash Flows (millions) Three Months Ended March 31 IDACORP 2016 2015 Net Cash Provided by Operating Activities $ 66.2 $ 105.4 Liquidity As of March 31, 2016 (millions) IDACORP(1) Idaho Power Revolving Credit Facility – Expires November 2020 $ 100.0 $ 300.0 Commercial Paper Outstanding (23.3
Slide 7: Key Financial & Operating Metrics and 2016 Earnings Guidance
Key Financial & Operating Metrics and 2016 Earnings Guidance (millions except for per share amounts) 2016 Estimates Current (1) Previous (2) Idaho Power Operations & Maintenance Expense No Change $ 350 – $ 360 Idaho Power Additional Amortization of ADITC No Change Less Than $5 Idaho Power Capital Ex
Slide 8: Economic Progress
Economic Progress Adding nearly #1 Idaho No. 1 for U.S. job growth $100 million into since March 2015 its existing $450 Bureau of Labor Statistics, April 2016 million Greek yogurt plan in Twin Falls, Idaho. Times-News, March 10, 2016 South Central, Idaho #1 Lowest Cost Metro in Pacific U.S. “Buildin
Slide 9: Western Energy Imbalance Market (EIM)
Western Energy Imbalance Market (EIM) • Idaho Power signs participation agreement, subject to regulatory approvals • EIM automatically balances supply and demand of electricity • Results in economic savings using most competitive energy resource 9
Slide 10: Summer Outlook
Summer Outlook May 2016 Through July 2016 10 Source: NOAA, National Oceanic Atmospheric Administration, U.S. Dept of Commerce, April 2016
Slide 11: Contact Information
Contact Information Investors & Analysts Media Lawrence F. Spencer Stephanie McCurdy Director of Investor Relations Corporate Communications (208) 388-2664 (208) 388-6973 LSpencer@idacorpinc.com SMcCurdy@idahopower.com Webcast and presentation on WWW.IDACORPINC.COM