Slide 1: Earnings Conference Call 4th Quarter 2015
~~ 0) Earnings Conference Call 4th Quarter 2015 February 18, 2016
Slide 2: Presenters: Darrel Anderson and Steve Keen
Darrel Anderson Steve Keen IDACORP President IDACORP Senior Vice President, & Chief Executive Officer Chief Financial Officer & Treasurer
Slide 3: Forward-Looking Statements
Forward-Looking Statements - In addition to the historical infarmation contained in this presentation, this presentation contains (and oral communications made by IDACORP, Inc. and Idaho Power Campany may contain) statements, including, without limitation, earings quidance, that relate to future eve
Slide 4: Earnings Performance
[pees Se Earnings Performance IDACORP, Inc. Net Income and Earnings Per Share (thousands except for per share amounts) 2015 2014 2015 2014 Net Income $ 31,832 $34,648 $ 194,679 $ 193,480 Weighted average shares outstanding— diluted 50,334 50,245 50,292 50,199 Earnings per diluted share S063 $ 069 $
Slide 5: IDACORP, Inc. Net Income 2014 to 2015
2014 to 2015 IDACORP, Inc. Net Income (millions) Change in Idaho Power net income: Customer growth, net of associated power supply costs $ 10.3 Usage per customer, net of associated power supply costs (6.7) Change in FCA revenues due to sales volumes and mechanism change 107 Depreciation expense and
Slide 6: Operating Cash Flows and Liquidity
Operating Cash Flows (millions) IDACORP Net Cash Provided by Operating Activities Liquidity (millions) Revolving Credit Facility - Expires October 2018 Commercial Paper Outstanding Identified for Other Usel?! Holding company only Twelve Months Ended December 31 2015 2014 $ 353.2 S$ 364.3 As of Decem
Slide 7: Key Financial & Operating Metrics and 2016 Earnings Guidance
~ eipacorp. Key Financial & Operating Metrics ~~ and 2016 Earnings Guidance (millions except for per share amounts) 2016 Estimates 2016 Estimates» 2015 Actual Idaho Power Operations & Maintenance Expense $ 350-S 360 S$ 342 Idaho Power Additional Amortization of ADITC Less Than $5 None Idaho Power Ca
Slide 8: Strong Foundation
A. Strong Foundation e Major changes over 100 years e What has not changed? — Commitment to our customers, employees, and owners (CEOs) e Whatis on the horizon — Working to grow top line revenue — Focusing on optimization — Working with regulators — Growing common stock dividend — Transitioning duri
Slide 9: Idaho Power Customer Growth
Idaho Power Customer Growth 535,000 1.8% 525,000 1.4% 515,000 = 1.5% 505,000 1.1% 0.7% 495,000 yp 4 485,000 475,000 - : an 2011 2012 2013 2014 2015
Slide 10: New IDACORP Website
New IDACORP Website GNUIDACORP. wo Relations | Governance Idaho Power Company, IDACORP's principal operating subsidiary, has been providing hydroelectric energy to customers since 1916. Welcome to IDACORP Our Strategy 10
Slide 11: Spring Outlook March 2016 Through May 2016
SIAC: Spring Outlook March 2016 Through May 2016 Precipitation Temperature 19) 33% to 40% Chance of Below Normal Precipitation 33% to 40% Chance of Above Normal Temperature BB 40% to 50% Chance of Below Normal Precipitation [BB 40% to 50% Chance of Above Normal Temperature BB 50% to 60% Chance of Be
Slide 12: Contact Information
hy uIDACORP. Contact Information Investors & Analysts Media Lawrence F. Spencer Stephanie McCurdy Director of Investor Relations Corporate Communications (208) 388-2664 (208) 388-6973 LSpencer@idacorpine.com SMcCurdy@idahopower.com Webcast and presentation on WWW.IDACORPINC.COM