Slide 1: Earnings Conference Call 1st Quarter 2017
Earnings Conference Call 1st Quarter 2017 May 4, 2017
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, that relate to future even
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 Ended March 31 2017 2016 Net Income $ 33,102 $ 25,729 Average shares outstanding– diluted 50,397 50,337 Earnings per diluted share $ 0.66 $ 0.51 4
Slide 5: First Quarter 2016 to 2017
First Quarter 2016 to 2017 IDACORP, Inc. Net Income (millions) Net Income – For the Quarter Ended March 31, 2016 $ 25.7 Change in Idaho Power net income: Usage per customer, net of associated power supply costs and power cost adjustment (PCA) mechanism impacts $ 9.1 Fixed cost adjustment revenues (6
Slide 6: Operating Cash Flows (millions)
Operating Cash Flows (millions) Three Months Ended March 31 IDACORP 2017 2016 Net Cash Provided by Operating Activities $ 113.7 $ 66.2 Liquidity As of March 31, 2017 (millions) IDACORP(1) Idaho Power Revolving Credit Facility – Expires November 2021 $ 100.0 $ 300.0 Commercial Paper Outstanding – – I
Slide 7: Key Financial & Operating Metrics and 2017 Earnings Per Share Guidance
Key Financial & Operating Metrics and 2017 Earnings Per Share Guidance (Millions Except for Per Share Amounts) 2017 Estimates Current (1) Previous (2) IDACORP Earnings Per Share Guidance (3) No Change $ 3.90 – $ 4.05 Idaho Power Operations & Maintenance Expense No Change $ 345 – $ 355 Idaho Power Ad
Slide 8: Idaho Power Customer Growth
Idaho Power Customer Growth 540,000 1.9% 530,000 520,000 510,000 500,000 490,000 2013 2014 2015 2016 Twelve Months Ended 3/31/2017 8 ICCU Headquarters, Pocatello, ID Great Western Malting Facility, Pocatello, ID J.R. Simplot Co. Headquarters, Boise, ID
Slide 9: Project & Regulatory Updates
Project & Regulatory Updates 500 kV Transmission Line Updates Gateway West Legislation Boardman-to-Hemingway Expected ROD Hells Canyon Prudency Filing Application Filed December 2016 Hells Canyon Dam, North Valmy Power Plant 500 kV Transmission Line Updates Idaho and Oregon border Depreciable Life A
Slide 10: Weather Outlook
Weather Outlook Source: NOAA, National Oceanic Atmospheric Administration, U.S. Dept of Commerce, April 20, 2017 10
Slide 11: Weather Outlook
Weather Outlook Source: NOAA, National Oceanic Atmospheric Administration, U.S. Dept of Commerce, April 20, 2017 11
Slide 12: Contact Information
Contact Information Investors & Analysts Media Justin S. Forsberg Stephanie McCurdy Director of Investor Relations Corporate Communications (208) 388-2728 (208) 388-6973 JForsberg@idacorpinc.com SMcCurdy@idahopower.com Webcast and presentation on WWW.IDACORPINC.COM