Algonquin Power & Utilities Corp. · TSX:AQN
Algonquin Power & Utilities — Q2 2022 Earnings Presentation
21 slides from Algonquin Power & Utilities's earnings presentation, Aug 12, 2022
Slide 1: Q2 2022 Earnings Conference Call
Q2 2022 Earnings Conference Call Aug 12, 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 Q2 2022 Strategic Achievements.……...........
Slide 4: Strategic Achievements
Q2 2022 Earnings Conference Call Strategic Achievements
Slide 5: Strategic Achievements
Strategic Achievements Solid Key Financial Metrics • Q2 2022 Adjusted EBITDA1 of $289.3 million – a 18% year-over-year increase • Q2 2022 Adjusted Net EPS1 of $0.16 – a 7% year-over-year increase • Q2 2022 net earnings (loss) of ($33.4 million) – a 132% year-over-year decrease • Q2 2022 net earnin
Slide 6: Regulated Services Group - Growth
Regulated Services Group - Growth • Missouri Public Service Commission Ruling • Total revenue increase of $39.5 million • New rates implemented on June 1, 2022 • Kentucky Power Acquisition Update • In discussions to reach a resolution regarding the conditions precedent in respect of the Mitchell Agr
Slide 7: Renewable Energy Group - Growth
Renewable Energy Group - Growth Site Panels Solar Projects Preparation Installed Community Solar 16 MW 80% 60% New Market Solar – Phase 1 35 MW 100% 70% New Market Solar – Phase 2 65 MW 100% 2022/2023 Chevron – Hayhurst, TX1 25 MW 2% 2022/2023 Chevron – Hayhurst, NM1 20 MW 5% 2022 Total 161 MW Turbi
Slide 8: Regulated Services Group – Operational Excellence
Regulated Services Group – Operational Excellence • Safety and reliability key priorities • On a trailing twelve-month basis, AQN’s key performance indicators of lost time injuries and recordable injuries are in the top decile rate • Recognized by Canadian Gas Association for outstanding dedication
Slide 9: Three Pillar Foundation – Sustainability
Three Pillar Foundation – Sustainability • Committed to environmental, social and governance values • ESG included in AQN’s corporate strategy and operations • Continue to make meaningful ESG progress • Low greenhouse gas emissions intensity of $0.0011 of CO2e per $1 of 2021 revenue, a 15% improveme
Slide 10: Financial Performance
Q2 2022 Earnings Conference Call Financial Performance
Slide 11: Financial Performance
Financial Performance Three Months Ended June 30 All figures are in $ millions except per share data 2022 2021 Variance Net earnings (loss) attributable to shareholders (33.4) 103.2 (132)% Per share (0.05) 0.16 (131)% Cash provided by operating activities 268.6 103.3 160% Adjusted Net Earnings1 109.
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, over $1.2 billion has been invested
Slide 13: Advancing our Strategic Plan
Q2 2022 Earnings Conference Call Advancing our Strategic Plan
Slide 14: Advancing our Strategic Plan
Advancing our Strategic Plan Once in a generation opportunity to accelerate renewables growth • Currently own, operate and/or have net interest in over 4000 MW of renewable generation • Expect incremental benefits with increasing scale Continuing inaugural asset recycling process • Portfolio of U
Slide 15: 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
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Slide 17: Appendix
Q2 2022 Earnings Conference Call Appendix
Slide 18: 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 19: 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 20: 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 21: 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* 675,649,146 Share Price* $13.43 Market Capitalization* $9.1 B Dividend** $0.7233 per share annually * Shares outstanding, c
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