Alliant Energy Corporation · NASDAQ:LNT
Alliant Energy — Q3 2023 Earnings Presentation
9 slides from Alliant Energy's earnings presentation, Nov 3, 2023
Slide 1: Alliant Energy Corporation 2023 Third Quarter Earnings Call
Alliant Energy Corporation 2023 Third Quarter Earnings Call November 3, 2023
Slide 2: Cautionary Statements
Cautionary Statements Forward-looking Statements The information regarding forecasted earnings per share, forecasted dividend levels, forecasted effective income tax rates, capital expenditure plans, financing plans and regulatory plans contain forward-looking statements. Actual results could differ
Slide 3: Consistent Growth in Projected 2024 Earnings and Dividends
Consistent Growth in Projected 2024 Earnings and Dividends 2024 midpoint of $3.06 EPS represents 6% growth from 2023 adjusted guidance 2024 common stock dividend target represents a 6% growth from 2023 dividends 2024 Earnings Drivers $3.06 • Higher earnings from capital investments $2.89 $2.73 • Hig
Slide 4: Customer Focused Investments Drive Growth
Customer Focused Investments Drive Growth ~$0.6 billion increase versus prior 4-year plan supports 8% rate base CAGR 2023-2026 2024-2027 Renewables and Battery Storage Projected Rate Base (13-month Average, $ in billions) Gas Projects $17.9 Other Generation $13.2 Electric Distribution Gas Distributi
Slide 5: Tax Benefit Recognition Timing
Tax Benefit Recognition Timing Result in quarterly variances, with no impact to full-year earnings Income tax expense is recorded each quarter based on an estimated annual effective tax rate and the proportion of full year earnings generated each quarter, which causes fluctuations in the amount of t
Slide 6: 2023 Financing Plans
2023 Financing Plans Completed ~$200M of equity issuances year-to-date ($ in Millions) AEC/Parent WPL IPL Long-Term Debt: Issuances Convertible Note issued Green Bond issued Senior Debentures in March 2023: in March 2023: issued in September $575 @ 3.875% $300 @ 4.950% 2023: $300 @ 5.700% Maturities
Slide 7: 2024 Financing Plans
2024 Financing Plans Equity issuance of ~$200M dependent on WPL approved capital structure ($ in Millions) AEC/Parent WPL IPL Long-Term Debt: Issuances Up to $1,000 -- Up to $700 Maturities ($50) in January 2024 -- ($500) in December 2024 ($400) in March 2024 Equity: Issuance ~$25 from our Shareowne
Slide 8: Key Regulatory Initiatives
Key Regulatory Initiatives Customer focused investments and regulatory proceedings Recent Approvals WPL received PSCW approval on requests for: 175 MW of battery energy storage at Wood and Grant county solar sites (6680-CE-182) 99 MW battery energy storage at Edgewater Generating Station site
Slide 9: Reconciliation between GAAP and non-GAAP EPS
Reconciliation between GAAP and non-GAAP EPS 2022 2023 Est. GAAP EPS from continuing operations $2.73 $2.84 • Net temperature impacts (0.07) 0.02 Non-GAAP adjustments: • Iowa state income tax rate change 0.03 0.03 • American Transmission Company Holdings return on equity reserve 0.02 adjustment • Re