Slide 1: Earnings Conference Call 2nd Quarter 2016
Earnings Conference Call 2nd Quarter 2016 July 28, 2016
Slide 2: Leadership Presenting Today
Leadership Presenting Today Darrel Anderson Steve Keen IDACORP President IDACORP Senior Vice President, & Chief Executive Officer Chief Financial Officer, & Treasurer 2
Slide 3: 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 4: Earnings Performance
Earnings Performance IDACORP, Inc. Net Income and Earnings Per Diluted Share (thousands except for per share amounts) Three Months Six Months Ended June 30 Ended June 30 2016 2015 2016 2015 Net Income $ 56,246 $ 66,080 $ 81,975 $ 89,510 Weighted average shares outstanding– diluted 50,355 50,258 50,3
Slide 5: Second Quarter 2015 to 2016
Second Quarter 2015 to 2016 IDACORP, Inc. Net Income (millions) Net Income – For the Quarter Ended June 30, 2015 $ 66.1 Change in Idaho Power net income: Increased sales volumes attributable to customer growth, net of associated power supply costs $ 2.7 and PCA mechanism impacts Decreased sales volu
Slide 6: Operating Cash Flows Liquidity
Operating Cash Flows (millions) Six Months Ended June 30 IDACORP 2016 2015 Net Cash Provided by Operating Activities $ 137.9 $ 171.0 Liquidity As of June 30, 2016 (millions) IDACORP(1) Idaho Power Revolving Credit Facility – Expires November 2020 $ 100.0 $ 300.0 Commercial Paper Outstanding (23.9) –
Slide 7: Key Financial & Operating Metrics and 2016 Earnings Per Share Guidance
Key Financial & Operating Metrics and 2016 Earnings Per Share Guidance (millions except for per share amounts) 2016 Estimates Current (1) Previous (2) Idaho Power Operations & Maintenance Expense No Change $ 350 – $ 360 Idaho Power Additional Amortization of ADITC No Change Less Than $5 Idaho Power
Slide 8: Economic Recognition
Economic Recognition Idaho Idaho No. 1 for states fastest job growth for 2016 Kiplinger.com June 2016 Idaho No. 1 for U.S. job growth since March 2015 Bureau of Labor Statistics, April 2016 Idaho led the nation in construction job growth Boise Area from March to April Associated General Contractors
Slide 9: Idaho Power Centennial
Idaho Power Centennial Closing Bell® Monday August 1, 2016 9
Slide 10: Weather Outlook
Weather Outlook August 2016 Through October 2016 10 Source: NOAA, National Oceanic Atmospheric Administration, U.S. Dept of Commerce, July 2016
Slide 11: 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