Idacorp, Inc. · NYSE:IDA
Idacorp — Q1 2019 Earnings Presentation
12 slides from Idacorp's earnings presentation, May 2, 2019
Slide 1: Earnings Conference Call
Earnings Conference Call 1st Quarter 2019 May 2, 2019
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 and estimated key operating
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 Ended March 31 2019 2018 Net Income $ 42,686 $ 36,142 Average shares outstanding– diluted 50,518 50,463 Earnings per diluted share $ 0.84 $ 0.72 4
Slide 5: Q1 2018 to Q1 2019
Q1 2018 to Q1 2019 IDACORP, Inc. Net Income (millions) Net Income – For the Quarter Ended March 31, 2018 $ 36.1 Increase (decrease) in Idaho Power net income: Customer growth, net of associated power supply costs and power cost adjustment mechanisms $ 4.1 Usage per retail customer, net of associated
Slide 6: Operating Cash Flows
Operating Cash Flows (millions) Three Months Ended March 31 IDACORP 2019 2018 Net Cash Provided by Operating Activities $ 57.0 $ 91.7 Liquidity As of March 31, 2019 (millions) IDACORP(1) Idaho Power Revolving Credit Facility – Expires November 2022 $ 100.0 $ 300.0 Commercial Paper Outstanding – – Id
Slide 7: 2019 Earnings Per Share Guidance & Estimated Key Financial & Operating Metrics
2019 Earnings Per Share Guidance & Estimated Key Financial & Operating Metrics (Millions Except for Per Share Amounts) 2019 Estimates Current(1) Previous(2) IDACORP Earnings Per Diluted Share Guidance No Change $ 4.30 – $ 4.45 Idaho Power Operations & Maintenance Expense No Change $ 350 – $ 360 Idah
Slide 8: Growth & Economic Expansion
Growth & Economic Expansion 2.4% 560,000 Idaho Power Customer Growth 550,000 540,000 530,000 520,000 510,000 500,000 Twelve Months 2015 2016 2017 2018 Ended March 31, 2019 No. 1 Fastest Growing State (Idaho) — U.S. Census Bureau, published December 2018 No. 1 Best Places to Live in America (Boise) -
Slide 9: Hells Canyon Relicensing
Hells Canyon Relicensing Application for Renewal of Federal License • Three-dam complex on the Snake River, along Idaho and Oregon border • Original license expired in 2005 • Annual license renewal since original expiration • Settlement order received 2018 approving prudency of $216.5 million of cos
Slide 10: Data Source: U.S. Energy Information Administration
10 Data Source: U.S. Energy Information Administration
Slide 11: Weather Outlook
Weather Outlook June Through August 2019 11 Source: NOAA, National Oceanic Atmospheric Administration, U.S. Dept. of Commerce, April 18, 2019
Slide 12: Contact Information
Contact Information Investors & Analysts Media Justin S. Forsberg Jordan Rodriguez Director of Investor Relations Corporate Communications (208) 388-2728 (208) 388-2460 JForsberg@idacorpinc.com JRodriguez@idahopower.com Webcast and presentation on WWW.IDACORPINC.COM