Alliant Energy Corporation · NASDAQ:LNT
Alliant Energy — Q3 2024 Earnings Presentation
13 slides from Alliant Energy's earnings presentation, Nov 1, 2024
Slide 1: Alliant Energy Corporation Q3 2024 Earnings Call
Alliant Energy Corporation Q3 2024 Earnings Call November 1, 2024
Slide 2: Cautionary Statements
Cautionary Statements Forward-looking Statements The information regarding forecasted earnings per share, forecasted dividend levels, forecasted effective income tax rates, capital expenditure plans, financing plans and regulatory plans contain forward-looking statements. Actual results could differ
Slide 3: Alliant Energy: Positioned for growth
Alliant Energy: Positioned for growth Advancing economic development Constructive jurisdictions Flexible resource planning Geographical advantages Competitive advantages include: • Routine communication with Robust MISO queue positions and Clean • Rich in renewable resources • Access to land & trans
Slide 4: Robust planning for the future
Robust planning for the future Resource plan outlines our evolving diverse energy mix Our Clean Energy Blueprint: • Incorporates flexible, reliable and diverse energy mix of resources and strategies • Adapts for transformative market conditions • Extends the value of existing resources • Expands our
Slide 5: Flexible planning for growth, driving affordability and rate base growth
Flexible planning for growth, driving affordability and rate base growth Capital investment plan refreshed to reflect economic development activity at mid-growth levels Cumulative Load Scenarios Well-positioned to pivot to higher growth scenarios Mid High Transmission capacity availability, strong
Slide 6: Investments support economic development and drive growth
Investments support economic development and drive growth ~$1.8B increase in capital expenditures supports 10% investment CAGR Projected Rate Base + Construction Work in Progress 13-month average ($ in billions) Updated Capex $22.2 2025-2028 Prior Capex Renewables and Battery Storage 2024-2027 Gas P
Slide 7: Balanced funding approach for capital investment program
Balanced funding approach for capital investment program Backed by solid balance sheet and strong cash flows Financing Expectations Sources of Funding • Maintain ~40% parent equity structure and authorized capital 2025-2028 structures at IPL and WPL • Monetization of tax credits helps reduce externa
Slide 8: Q3 2024 results and 2024 earnings guidance
Q3 2024 results and 2024 earnings guidance Focus on offsetting the majority of mild YTD temperatures Q3 2023 ongoing earnings per share (EPS) $1.05 Revenue requirements from capital investments at WPL 0.17 Higher depreciation expense (0.05) Higher financing expense (0.04) Timing of income tax expens
Slide 9: Consistent growth in projected 2025 earnings and dividends
Consistent growth in projected 2025 earnings and dividends 2025 midpoint of $3.20 EPS is 6% growth from 2024 ongoing guidance 2025 Earnings Drivers: $3.20 • Higher earnings from capital investments 2024 Ongoing EPS Guidance Midpoint $3.03 • Higher depreciation expense • Higher financing costs 2025 E
Slide 10: 2025 financing plans
2025 financing plans Improving credit metrics in 2025, backed by stronger cash flows and a solid balance sheet ($ in Millions) AE Finance/Parent IPL WPL Long-Term Debt: Issuances Up to $600 Up to $600 N/A ($50) @ 5.50% in July 2025 Maturities ($300) @ variable rate in March 2025 N/A ($250) @ 3.40% i
Slide 11: Ongoing regulatory proceedings
Ongoing regulatory proceedings Regulatory initiatives focused on customer focused investments Iowa Recent Activity Docket Est. Date Approval: Electric and Gas Rate Review Settlement Regulatory Progress in Iowa (RPU-2023-0002) • Anticipated filings for additional renewable and flexible, dispatchabl
Slide 12: GAAP to non-GAAP earnings reconciliation
GAAP to non-GAAP earnings reconciliation Three months ended September 30 Alliant Energy’s results for the three months ended September 30 Non-GAAP or GAAP EPS Adjustments Ongoing EPS 2024 2023 2024 2023 2024 2023 IPL $0.74 $0.67 $-- $-- $0.74 $0.67 WPL 0.44 0.42 -- -- 0.44 0.42 Corporate Services 0.
Slide 13: GAAP to non-GAAP earnings reconciliation
GAAP to non-GAAP earnings reconciliation Nine months ended September 30 Alliant Energy’s results for the nine months ended September 30 Non-GAAP or GAAP EPS Adjustments Ongoing EPS 2024 2023 2024 2023 2024 2023 IPL $1.06 $1.31 $0.23 $-- $1.29 $1.31 WPL 1.05 1.06 -- -- 1.05 1.06 Corporate Services 0.