Algonquin Power & Utilities Corp. · TSX:AQN
Algonquin Power & Utilities — Q1 2022 Earnings Presentation
22 slides from Algonquin Power & Utilities's earnings presentation, May 13, 2022
Slide 1: Q1 2022 Earnings Conference Call
Q1 2022 Earnings Conference Call May 13, 2022 10:00 a.m. ET
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 and territories of Canada and the
Slide 3: Speakers and Agenda
Speakers and Agenda Arun Banskota Arthur Kacprzak Amelia Tsang President and Chief Financial Officer Vice President, Chief Executive Officer Investor Relations Introductory Remarks…………….……………….................................................. Amelia Tsang Q1 2022 Strategic Achievements.……...........
Slide 4: Strategic Achievements
Q1 2022 Earnings Conference Call Strategic Achievements
Slide 5: Strategic Achievements
Strategic Achievements Solid Key Financial Metrics • Q1 2022 Adjusted EBITDA1 of $330.6 million – a 17% year-over-year increase • Q1 2022 Adjusted Net EPS1 of $0.21 – a 5% year-over-year increase • Q1 2022 net earnings of $91.0 million – a 555% year-over-year increase • Q1 2022 net earnings per sh
Slide 6: Regulated Services Group - Growth
Regulated Services Group - Growth • Liberty NY Water • Acquisition closed effective January 1, 2022 • Services over 127,000 customer connections across seven counties in southeastern New York • Transition and integration are progressing well • Kentucky Power Acquisition Update • On May 4, 2022, the
Slide 7: Renewable Energy Group - Growth
Renewable Energy Group - Growth Site Panels Solar Projects Preparation Installed Altavista1 80 MW 100% 100% Community Solar 16 MW 80% 60% New Market Solar – Phase 1 35 MW 100% 70% New Market Solar – Phase 2 65 MW 100% 2022 Chevron – Hayhurst, TX2 25 MW 2023 2023 Chevron – Hayhurst, NM2 20 MW 2023 20
Slide 8: Regulated Services Group – Operational Excellence
Regulated Services Group – Operational Excellence • Safety and reliability key priorities • Achieved milestone of over 800 days and nearly 12 million hours without a single lost time injury • Recipient of the American Gas Association 2021 Safety Achievement Award • Award recognizes AQN as the top sa
Slide 9: Three Pillar Foundation – Sustainability
Three Pillar Foundation – Sustainability • Firmly committed to environmental, social and governance values • ESG embedded in AQN’s broader corporate strategy and day to day operations • AQN recognized for ESG progress • Included in Globe and Mail’s Women Lead Here benchmark for second year in a row
Slide 10: Financial Performance
Q1 2022 Earnings Conference Call Financial Performance
Slide 11: Financial Performance
Financial Performance Three Months Ended March 31 All figures are in $ millions except per share data 2022 2021 Variance Net earnings attributable to shareholders 91.0 13.9 555% Per share 0.13 0.02 550% Cash provided by operating activities 166.2 (243.5) 168% Adjusted Net Earnings1 141.3 124.5 13% P
Slide 12: Financial Update – Capital Plan
Financial Update – Capital Plan • Expected Capital Deployment in 2022 of Over $4.3 billion • Majority of expected 2022 capital deployment related to Liberty NY Water acquisition (completed) and Kentucky Power Acquisition (pending) • Capital plan remains on track, in Q1 2022: • $609 million deployed
Slide 13: Advancing our Strategic Plan
Q1 2022 Earnings Conference Call Advancing our Strategic Plan
Slide 14: Advancing our Strategic Plan
Advancing our Strategic Plan ~$12.4 billion Capital Investment Plan from 2022 through 2026 • ~$8.8 billion - Regulated Services Group • ~$3.6 billion - Renewable Energy Group Once in a generation opportunity to accelerate renewables growth • Currently own, operate and/or have net interest in over
Slide 15: Upcoming Annual Meeting of Common Shareholders
Upcoming Annual Meeting of Common Shareholders When Thursday, June 2, 2022 4:00 p.m. (Eastern Time) Where Virtual-only meeting via live audio webcast online at https://web.lumiagm.com/462963965 Password: algonquin2022 Algonquin Power & Utilities Corp. | Q1 2022 Earnings Conference Call 15
Slide 16: Concluding Remarks
Concluding Remarks Continue to successfully execute on Three strategic pillars provide key Strive to create long-term the Company’s robust construction foundation as we continue to build shareholder value through delivery program the business of earnings and dividend growth Robust investment pipelin
Slide 17: _ Algonquin ir
_ Algonquin ir ae
Slide 18: Appendix
Q1 2022 Earnings Conference Call Appendix
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 Provided by 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 discl
Slide 22: Corporate Information
Corporate Information Head Office Greater Toronto Area, Ontario Toronto Stock Exchange AQN, AQN.PR.A, AQN.PR.D New York Stock Exchange AQN, AQNA, AQNB, AQNU Shares Outstanding* 674,110,190 Share Price* $15.52 Market Capitalization* $10.5 B Dividend** $0.7233 per share annually * Shares outstanding,
Algonquin Power & Utilities — Q1 2022 Earnings Presentation on 6ix