Algonquin Power & Utilities Corp. · TSX:AQN
Algonquin Power & Utilities — Q4 2021 Earnings Presentation
22 slides from Algonquin Power & Utilities's earnings presentation, Mar 4, 2022
Slide 1: Q4 2021 Earnings Conference Call
Q4 2021 Earnings Conference Call March 4, 2022 10:00 a.m. ET
Slide 2: Forward-Looking Statements
Forward-Looking Statements Certain written statements included herein and/or oral statements made in connection with the presentation contained herein constitute “forward-looking information” within the meaning of applicable securities laws in each of the provinces and territories of Canada and the
Slide 3: Speakers and Agenda
Speakers and Agenda Arun Banskota Arthur Kacprzak Amelia Tsang President and Chief Financial Officer Vice President, Chief Executive Officer Investor Relations Introductory Remarks…………….……………….................................................. Amelia Tsang Q4 & Full Year 2021 Strategic Achievements.…
Slide 4: Strategic Achievements
Q4 2021 Earnings Conference Call Strategic Achievements
Slide 5: Strategic Achievements
Strategic Achievements Solid Key Financial Metrics • 2021 Adjusted EBITDA1 of $1.08 billion – a 24% year-over-year increase • 2021 Adjusted Net EPS1 of $0.71 – a 11% year-over-year increase • 2021 Net Earnings of $264.9 million – a 66% year-over-year decrease • 2021 Net Earnings per share of $0.41
Slide 6: Regulated Services Group - Growth
Regulated Services Group - Growth • New York American Water • Acquisition closed effective January 1, 2022 • Services over 125,000 customer connections across seven counties in southeastern New York • Kentucky Power Acquisition Update • Consistent with AQN’s strategy of completing accretive add-on r
Slide 7: Renewable Energy Group - Growth
Renewable Energy Group - Growth Site Panels Acquired Pre-Notice to Solar Projects Preparation Installed Proceed/Greenfield Altavista1 80 MW 100% 100% Acquired Pre-Notice to Proceed Community Solar 16 MW 40% 40% Acquired Pre-Notice to Proceed New Market Solar – Phase 1 35 MW 100% 70% Acquired Pre-Not
Slide 8: Regulated Services Group – Operational Excellence
Regulated Services Group – Operational Excellence • Safety and reliability key priorities • Achieved milestone of over 750 days and nearly 11 million hours without a single lost time injury • CALPECO winter response • Restored power to customers and community as quickly and safely as possible during
Slide 9: Three Pillar Foundation – Sustainability
Three Pillar Foundation – Sustainability • Net-Zero Target for Scope 1 & 2 Emissions by 2050 • Extension of Company’s long-standing commitment to sustainability • Deep expertise in renewables development • Progress towards 2023 ESG Targets • Embedded Sustainability into management’s compensation mod
Slide 10: Financial Performance
Q4 2021 Earnings Conference Call Financial Performance
Slide 11: Financial Performance
Financial Performance Three Months Ended Twelve Months Ended December 31 December 31 All figures are in $ millions except per share data 2021 2020 Variance 2021 2020 Variance Net earnings (loss) attributable to shareholders 175.6 504.2 (65)% 264.9 782.5 (66)% Per share 0.27 0.84 (68)% 0.41 1.38 (70)
Slide 12: Financial Update – Kentucky Power Acquisition Financing
Financial Update – Kentucky Power Acquisition Financing • Successfully executing on financing plan for the Kentucky Power Acquisition • Raised ~ $1.7 billion in aggregate to date: Completed a C$800 million bought deal common equity offering concurrent with announcement of the Kentucky Power Acquis
Slide 13: Financial Update – Capital Plan
Financial Update – Capital Plan • Expected Capital Deployment in 2022 of Over $4.3 billion • Total capital deployed in 2021: ~$3.7 billion • Majority of expected 2022 capital deployment related to New York American Water acquisition (completed) and Kentucky Power Acquisition (pending) • 2022 Adjuste
Slide 14: Advancing our Strategic Plan
Q4 2021 Earnings Conference Call Advancing our Strategic Plan
Slide 15: Advancing our Strategic Plan
Advancing our Strategic Plan ~$12.4 billion Capital Investment Plan from 2022 through 2026 • ~$8.8 billion - Regulated Services Group • ~$3.6 billion - Renewable Energy Group Grew Pipeline of Prospective Greenfield Opportunities to 3,800 MW • Introduced new prospective pipeline of storage opportu
Slide 16: Concluding Remarks
Concluding Remarks Continue to successfully execute on Three strategic pillars provide key Strive to create long-term the Company’s robust construction foundation as we continue to build shareholder value through delivery program the business of earnings and dividend growth Robust investment pipelin
Slide 17: Q&A
Q&A =, Algonquin a 3 [k Liberty”
Slide 18: Appendix
Q4 2021 Earnings Conference Call Appendix
Slide 19: Non-GAAP Financial Measures
Non-GAAP Financial Measures Reconciliation of Adjusted EBITDA to Net Earnings The following table is derived from and should be read in conjunction with the consolidated statement of operations. This supplementary disclosure is intended to more fully explain disclosures related to Adjusted EBITDA an
Slide 20: Non-GAAP Financial Measures
Non-GAAP Financial Measures Reconciliation of Adjusted Net Earnings to Net Earnings The following table is derived from and should be read in conjunction with the consolidated statement of operations. This supplementary disclosure is intended to more fully explain disclosures related to Adjusted Net
Slide 21: Non-GAAP Financial Measures
Non-GAAP Financial Measures Reconciliation of Adjusted Funds from Operations to Cash Flows from Operating Activities The following table is derived from and should be read in conjunction with the consolidated statement of operations and consolidated statement of cash flows. This supplementary disclo
Slide 22: Corporate Information and Contact Information
Corporate Information Head Office Greater Toronto Area, Ontario Toronto Stock Exchange AQN, AQN.PR.A, AQN.PR.D New York Stock Exchange AQN, AQNA, AQNB, AQNU Shares Outstanding* 671,960,276 Share Price* $14.29 Market Capitalization* $9.6 B Dividend** $0.6824 per share annually * Shares outstanding, c
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