Algonquin Power & Utilities Corp. · TSX:AQN
Algonquin Power & Utilities — Q4 2020 Earnings Presentation
22 slides from Algonquin Power & Utilities's earnings presentation, Mar 5, 2021
Slide 1: Q4 2020 Earnings Conference Call
Q4 2020 Earnings Conference Call March 5, 2020 10:00 a.m. ET
Slide 2: Forward-Looking Statements
Forward-Looking Statements Certain written and oral statements contained or made in this presentation and discussion constitute “forward-looking information” within the meaning of applicable securities laws in each of the provinces of Canada and the respective policies, regulations and rules under s
Slide 3: Introductory Remarks and Speakers
Introductory Remarks…………….………………............................................. Amelia Tsang Q4 and Year End 2020 Strategic Achievements.…….................................... Arun Banskota Q4 and Year End 2020 Financial Highlights….………………………………… Arthur Kacprzak Advancing our Strategic Plan……………………………
Slide 4: Q4 2020 Earnings Conference Call
Q4 2020 Earnings Conference Call
Slide 5: Full Year 2020 Strategic Achievements
Full Year 2020 Strategic Achievements v Steady YoY Growth in Key Financial Metrics * 2020 Adjusted EBITDA! of $869.5 million — a 4% year-over-year increase * 2020 Adjusted Net EPS! of $0.64 - a 2% year-over-year increase * Total Assets of $13.2 billion - a 21% year-over-year increase v Compelling Sh
Slide 6: Three Pillar Foundation - Growth
Three Pillar Foundation - Growth + Acquisitions key lever of growth + Completion of ESSAL and BELCO utility acquisitions - customer connections now surpass one million * Acquisition of New York American Water expected to close in 2021 + Acquired 51% of 621 MW Texas Coastal Wind portfolio! + Largest
Slide 7: Three Pillar Foundation — Operational Excellence
Three Pillar Foundation — Operational Excellence + First class safety culture + Achieved milestone of an entire year with no lost time injuries + Resilient business model * Underscored by diversified business model and emergency preparedness * Reliable delivery of essential services not impacted dur
Slide 8: Three Pillar Foundation — Sustainability
Three Pillar Foundation — Sustainability * Closing of Asbury Coal Plant on March 1, 2020 + Achieved goal of reducing carbon emissions annually by 905,000 metric tons + Enhanced ESG Disclosures in 2020 * Released first climate change assessment report in response to guidelines established by the Fina
Slide 9: February 2021 Texas / Midwest Winter Storm
February 2021 Texas / Midwest Winter Storm (the “Midwest Extreme Weather Event”) * Impacts to Renewable Energy Group + Severe storms restricted production at certain facilities + Senate Wind Facility impacted the most significantly Impacts to other Texas wind facilities less significant due to diver
Slide 10: Q4 2020 Earnings Conference Call
Q4 2020 Earnings Conference Call
Slide 11: Financial Performance
Financial Performance Three Months Ended Twelve Months Ended December 31 December 31 Adjusted Net Earnings! 127.0 103.6 23% 365.8 321.3 14% Per share! 0.21 0.20 5% 0.64 0.63 2% Adjusted EBITDA! 253.1 230.4 10% 869.5 838.6 4% Adjusted Funds from Operations! 179.3 1441 24% 600.2 566.2 6% Dividend per
Slide 12: Financial Updates
Financial Updates * Financial impacts from COVID-19 pandemic: * Impacts on consumption patters have begun to ease with reopening of economy * Full year 2020 impact of COVID-19 on Adjusted Net Earnings! per share of $0.02? * Successful implementation of cost containment strategies: * Q4 2020 expense
Slide 13: 2021 Outlook
2021 Outlook Estimated Adjusted Net Earnings! per Share + 2021 results expected to benefit from addition of: * ~1,400 MW of new renewables * First full year of operations from BELCO, ESSAL and Texas Coastal Wind portfolio * Operations impacted by Midwest Extreme Weather Event + Estimated 2021 Adjust
Slide 14: Q4 2020 Earnings Conference Call
Q4 2020 Earnings Conference Call
Slide 15: Advancing our Strategic Plan
Advancing our Strategic Plan v $9.4 Billion Capital Investment Plan — 2021 through 2025 * $6.3 billion - Regulated Services Group * $3.1 billion - Renewable Energy Group + All projects identified and either within construction or advanced development * Not included in $9.4 billion capital investment
Slide 16: Concluding Remarks
Concluding Remarks O rh elele Well-positioned to contribute to and Three strategic pillars provide key Confidence in ability to execute on benefit from the transition to a low foundation as we continue to build growth and ESG goals while carbon economy the business demonstrating operational excellen
Slide 17: Q&A
Q&A <_ Algonquin Liberty:
Slide 18: Q4 2020 Earnings Conference Call
Q4 2020 Earnings Conference Call
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
Corporate Information Head Office Oakville, ON Common Share Symbol TSX/NYSE: AQN Subordinated Notes Symbols NYSE: AQNA, AQNB Preferred Share Symbols TSX: AQN.PR.A, AQN.PR.D. Shares Outstanding* 598,674,462 Share Price* $15.46 Market Capitalization $9.3B Dividend** $0.6204 per share annually * Shares
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