Alliant Energy Corporation · NASDAQ:LNT
Alliant Energy — Q1 2025 Earnings Presentation
13 slides from Alliant Energy's earnings presentation, May 9, 2025
Slide 1: Alliant Energy Corporation Q1 2025 Earnings Call
Alliant Energy Corporation Q1 2025 Earnings Call May 9, 2025
Slide 2: Cautionary Statements
Cautionary Statements Forward-looking Statements The information regarding forecasted earnings per share, forecasted effective income tax rates, capital expenditure plans, financing plans and sources of funding, and regulatory plans contain forward-looking statements. Actual results could differ mat
Slide 3: The Alliant Energy Advantage
The Alliant Energy Advantage Well positioned to grow in tandem with our states and customers Iowa and Wisconsin are open for business Accelerating the pace of data center expansion in Iowa First Wisconsin data center energy supply agreement signed Responsibly powering growth with a flexible and
Slide 4: Scaling for the Future: Load Growth Opportunities
Scaling for the Future: Load Growth Opportunities +2.1 GW peak demand contracted - recent progress accelerating 2026 and 2027 demand + Incremental opportunities at 3 various stages of exploration Represents potential load that would be served through a +2.1 GW combination of existing or new Contract
Slide 5: Investments Support Economic Development and Drive Growth
Investments Support Economic Development and Drive Growth ~26% increase in four-year capital expenditures strengthens 11% investment CAGR Updated Capex Projected Rate Base 2025-2028 + Construction Work in Progress Renewables and Battery 13-month average ($ in billions) Storage Gas Projects $22.9 Pri
Slide 6: Generation Investments Support Reliability, Affordability and Sustainability
Generation Investments Support Reliability, Affordability and Sustainability Flexible resource plan to meet evolving load growth with new and existing resources Scaling up new generation resources to enable economic growth and development in Iowa and Wisconsin Natural Gas ~1,500 MW Energy Storage ~8
Slide 7: Companies Calling Alliant Energy Home
Companies Calling Alliant Energy Home Building stronger communities in business-friendly states Why Iowa & Wisconsin are attractive to businesses: • Top tier clean energy & reliability • Economically strong • Skilled workforce • Enabling incentive rate structures • Non-litigated resource planning =
Slide 8: Financial Highlights: Q1 2025 results
Financial Highlights: Q1 2025 results Q1 2025 earnings per share $0.83 Q1 2024 GAAP earnings per share $0.62 Revenue requirements from capital investments at IPL and WPL 0.21 Higher depreciation expense (0.06) Estimated temperature impacts on retail electric and gas sales 0.05 Timing of income tax e
Slide 9: 2025 Earnings Guidance
2025 Earnings Guidance Reaffirming 2025 EPS guidance range of $3.15 - $3.25 Key Assumptions • Ability of IPL and WPL to earn their authorized rates of return • Normal temperatures in its utility service territories • Stable economy and resulting implications on utility sales • Execution of capital e
Slide 10: Balanced Funding Approach for Investments
Balanced Funding Approach for Investments Backed by a solid balance sheet, strong cash flows and investment-grade credit ratings Updated Sources of Funding Financing Expectations 2025-2028 • Updated funding sources includes ~$1.4B of equity from 2025-2028, Tax Credit including equity raised via futu
Slide 11: 2025 Debt Financing Plans
2025 Debt Financing Plans Updated debt financing plans to support growth in capex and upcoming maturities Estimated Upcoming Long-Term Debt Maturities Remaining Completed ($ millions) ($ millions) Issuances Issuances Upcoming Maturities $300 @ $1,250 AE ($300) 364-day @ variable rate in March 2026 v
Slide 12: Wisconsin Rate Review – Docket 6680-UR-125
Wisconsin Rate Review – Docket 6680-UR-125 Summary of Request for Forward Test Years 2026 2027 Increase in electric revenue requirements $120M $82M Increase in gas revenue requirements $9M $5M Proposed return on equity 9.9% 9.9% Proposed regulatory equity level 55.5% 55.3% Electric rate base $6.3B $
Slide 13: 2025 Regulatory Proceedings
2025 Regulatory Proceedings Regulatory initiatives for customer focused investments and individual customer rate filings Iowa Regulatory Proceedings Docket Est. Date • Anticipated commission decision on first Individual Customer Rate filing TF-2025-0007 Q2 2025 • Anticipated filing of second Individ