Idacorp, Inc. · NYSE:IDA
Idacorp — Q2 2017 Earnings Presentation
11 slides from Idacorp's earnings presentation, Aug 3, 2017
Slide 1: Earnings Conference Call 2nd Quarter 2017
Earnings Conference Call 2nd Quarter 2017 August 3, 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 Six Months Ended June 30 Ended June 30 2017 2016 2017 2016 Net Income $ 49,831 $ 56,246 $ 82,933 $ 81,975 Average shares outstanding– diluted 50,407 50,355 50,402 50,345
Slide 5: Second Quarter 2016 to 2017
Second Quarter 2016 to 2017 IDACORP, Inc. Net Income (millions) Net Income – For the Quarter Ended June 30, 2016 $ 56.2 Increase/(Decrease) in Idaho Power net income: Customer growth, net of associated power supply costs and power cost adjustment mechanism impacts $ 2.0 Usage per customer, net of as
Slide 6: Operating Cash Flows
Operating Cash Flows (millions) Six Months Ended June 30 IDACORP 2017 2016 Net Cash Provided by Operating Activities $ 191.6 $ 137.9 Liquidity As of June 30, 2017 (millions) IDACORP(1) Idaho Power Revolving Credit Facility – Expires November 2021 $ 100.0 $ 300.0 Commercial Paper Outstanding (0.5) –
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) $ 3.95 - $ 4.05 $ 3.90 – $ 4.05 Idaho Power Operations & Maintenance Expense No Change $ 345 – $ 355 Idaho Po
Slide 8: Idaho Power Customer Growth
Idaho Power Customer Growth 1.8% 540,000 • 2.9 % Unemployment Rate 530,000 — Idaho Department of Labor 520,000 • 2.2 % Employment Growth 510,000 — Idaho Department of Labor 500,000 • Forecasted 30% Increased Housing Starts — Moody’s Analytics 490,000 Twelve Months 2013 2014 2015 2016 Ended 6/30/2017
Slide 9: Project & Regulatory Updates
Project & Regulatory Updates 2017 Integrated Resource Plan Filed with IPUC & OPUC, June 2017 500 kV Transmission Line Updates Boardman-to-Hemingway Expected Bureau of Land Management Record of Decision in 2017 General Rate Cases/Extension of Idaho Sharing Mechanism Timing under consideration 9
Slide 10: Weather Outlook
Weather Outlook August Through October 2017 Source: NOAA National Oceanic Atmospheric Administration, U.S. Department of Commerce, July 20, 2017 10
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