Algonquin Power & Utilities Corp. · TSX:AQN
Algonquin Power & Utilities — Q1 2021 Earnings Presentation
22 slides from Algonquin Power & Utilities's earnings presentation, May 7, 2021
Slide 1: Q1 2021 Earnings Conference Call
QI 2021 Earnings Conference Call May 7, 2021 ay) 10:00 a.m. ET fi Liberty” ai _ Algonquin
Slide 2: Forward-Looking Statements
Forward-Looking Statements Certain written statements included herein and/or oral statements made in connection with the presentation contained herein constitute “forward-looking information” within the meaning of applicable securities laws in each of the provinces of Canada and the respective polic
Slide 3: Introductory Remarks and Agenda
Introductory Remarks…………….………………............................................. Amelia Tsang Q1 2021 Strategic Achievements.……........................................................... Arun Banskota Q1 2021 Financial Highlights….………………………………………………..… Arthur Kacprzak Advancing our Strategic Plan………………
Slide 4: Q1 2021 Earnings Conference Call
Q1 2021 Earnings Conference Call
Slide 5: Strategic Achievements
Strategic Achievements v Steady YoY Growth in Key Financial Metrics * QI 2021 Adjusted EBITDA! of $282.9 million - a 17% year-over-year increase * QI 2021 Adjusted Net EPS! of $0.20 — a 5% year-over-year increase * Annual Dividend increase of 10% + Supported by resiliency of business model Y Three P
Slide 6: Three Pillar Foundation - Growth
Three Pillar Foundation - Growth * Organic investments expected to improve safety and reliability * Completed installation of 172,000 advanced metering infrastructure * Growth through acquisitions and related investment opportunities * QI 2021 marked first full quarter contributions from ESSAL and B
Slide 7: Three Pillar Foundation — Operational Excellence
Three Pillar Foundation — Operational Excellence * Safety and reliability at the forefront * Response to Storm Uri demonstrates unwavering commitment to serving our communities * Achieved milestone of 6 million hours without a single lost time injury * 90% reduction in work-related insurance claims
Slide 8: Three Pillar Foundation — Sustainability
Three Pillar Foundation — Sustainability * AQN becoming increasingly recognized for ESG strategy * Recently included in the S&P Global Clean Energy Index * Committed to values of diversity, equity, and inclusion * Recognized in the Bloomberg Gender Equity Index for second consecutive year * Board of
Slide 9: February 2021 Texas / Midwest Winter Storm
February 2021 Texas / Midwest Winter Storm (the “Midwest Extreme Weather Event”) * Impacts to Renewable Energy Group * Senate Wind Facility impacted by Market Disruption Event! + Financial hedge imposes an obligation to deliver energy * Asserted force majeure under the hedge contract * Impacts to Re
Slide 10: Q1 2021 Earnings Conference Call
Q1 2021 Earnings Conference Call
Slide 11: Financial Performance
Financial Performance Three Months Ended March 31 All figures are in $ millions except per share data | 200 | z020 | Variance Adjusted Net Earnings! 124.5 103.3 21% Per share! 0.20 0.19 5% Adjusted EBITDA! 282.9 242.2 17% Adjusted Funds from Operations! 205.3 179.3 15% Dividend per share 0.1551 0.14
Slide 12: Financial Updates
Financial Updates * Making progress on 2021 capital plan + Renewable Energy Group issued its second “green bond”, raising C$400 million at 2.85% coupon * Deployed ~$1.9 billion of capital pertaining to previously discussed initiatives * Completed buyout of 50% JV partners at Maverick Creek Wind, Sug
Slide 13: Q1 2021 Earnings Conference Call
Q1 2021 Earnings Conference Call
Slide 14: Advancing our Strategic Plan
Advancing our Strategic Plan v Encouraged by global drive to minimize carbon emissions + Biden administration’s focus on clean energy creates potential for expanded investment opportunities + Potential extension of ITC and PTC credits would benefit 3.4 GW pipeline of prospective greenfield opportuni
Slide 15: Upcoming Annual Meeting of Common Shareholders
Upcoming Annual Meeting of Common Shareholders >) When SeEEae aennne Thursday, June 3, 2020 Snnn 4:00 p.m. (Eastern Time) Where Virtual-only meeting via live audio webcast online at https://web.lumiagm.com/467223775 Password: algonquin2021 Algonquin Liberty:
Slide 16: Concluding Remarks
Concluding Remarks O rt O00 I Continue to successfully execute on Three strategic pillars provide key Strive to create long-term largest construction program in foundation as we continue to build shareholder value through delivery Company's history the business of earnings and dividend growth Robust
Slide 17: Q&A
Q&A <_ - Algonquin (fj Liberty:
Slide 18: Q1 2021 Earnings Conference Call
Q1 2021 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* 611,835,344 Share Price* $16.14 Market Capitalization $9.9B Dividend** $0.6824 per share annually * Shares
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