Alliant Energy Corporation · NASDAQ:LNT
Alliant Energy — FY2021 Earnings Presentation
10 slides from Alliant Energy's earnings presentation, Feb 18, 2022
Slide 1: Alliant Energy Corporation 2021 Year End Earnings Call
Alliant Energy Corporation 2021 Year End Earnings Call February 18, 2022
Slide 2: Cautionary Statements
Cautionary Statements Forward-looking Statements The information regarding forecasted earnings per share, forecasted capital expenditures, forecasted effective income tax rates, forecasted financing plans and regulatory plans contain forward-looking statements. Actual results could differ materially
Slide 3: 2021 Accomplishments
2021 Accomplishments Achieved 7% adjusted EPS growth for the 3rd year in a row ESG leader – ESG ratings in the top quartile for utilities from MSCI & Sustainalytics Advancing development of 1.5GW of solar investments along with 75MW battery storage Successful regulatory outcome with 2022-202
Slide 4: Consistent earnings growth
Consistent earnings growth Delivered on 5-7% growth for the 12th consecutive year Consistently meeting earnings guidance Consistently achieving 5-7% earnings and dividends growth $2.70 2022: $2.67-$2.81 Guidance Range Adjusted EPS ~7% CAGR since 2010 2021: $2.58 Adjusted EPS $2.50 Dividends ~7% CAGR
Slide 5: Financial Highlights: 2021 Full Year Results
Financial Highlights: 2021 Full Year Results $2.63 GAAP EPS in line with guidance; $2.58 Adjusted EPS is 7% growth over 2020 GAAP Earnings Drivers GAAP EPS Adjusted EPS + Earnings on IPL and WPL’s increasing rate base + Favorable temperatures impacting customer demand $2.63 $2.58 – Higher Depreciati
Slide 6: Increased Capital Investment Plan
Increased Capital Investment Plan Increased plan includes additional renewable capacity Highlights • Accelerated solar $5,810 $6,115 spend into 2022 • Additional Other renewables spend ($ Millions) Gas Distribution in latter half of plan Electric Distribution to address proposed MISO Other Generatio
Slide 7: 2022 Guidance and Assumptions
2022 Guidance and Assumptions Adjusted EPS Estimated earnings guidance range of $2.67 - $2.81 $2.74 2022 midpoint of $2.74 EPS represents 6% growth from 2021 $2.58 Earnings Drivers: + Earnings on and higher AFUDC from WPL capital investments – Higher Depreciation Expense – Higher Interest Expense Ke
Slide 8: Key Regulatory Initiatives
Key Regulatory Initiatives 2022 regulatory initiatives focused on renewable investments Customer Investments WPL – Approval Received for CA Request for 675 MW of Solar (6680-CE-182) WPL – Decision on CA Request for 414 MW of Solar (6680-CE-183) (~1H 2022) Customer Investments WPL – File CA Req
Slide 9: IPL Procedural Schedule
IPL Procedural Schedule Advance-ratemaking request for 400MW Solar and 75MW Battery Procedural Activity Dates Intervention Deadline February 18, 2022 Testimony Intervenor Direct Testimony March 14, 2022 Intervenor Cross Rebuttal Testimony March 28, 2022 Company Rebuttal Testimony April 11, 2022 Preh
Slide 10: GAAP to Non-GAAP EPS Reconciliation
GAAP to Non-GAAP EPS Reconciliation 2015 2016 2017 2018 2019 2020 2021 GAAP EPS from continuing operations $1.69 $1.65 $1.99 $2.19 $2.33 $2.47 $2.63 • Temperature impacts 0.04 0.00 0.06 (0.06) (0.05) (0.01) (0.05) Non-GAAP adjustments: • Losses from sales of Minnesota distribution assets 0.04 • Volu