Slide 1: Earnings Conference Call 2nd Quarter 2015
Earnings Conference Call 2nd Quarter 2015 July 30, 2015
Slide 2: Darrel Anderson and Steve Keen
Darrel Anderson Steve Keen IDACORP President IDACORP Senior Vice President, & Chief Executive Officer Chief Financial Officer & Treasurer
Slide 3: Forward-Looking Statements
Forward-Looking Statements - In addition to the historical infarmation contained in this presentation, this presentation contains (and oral communications made by IDACORP, Inc. and Idaho Power Campany may contain) statements, including, without limitation, earings quidance, that relate to future eve
Slide 4: Earnings Performance
[pees Se Earnings Performance IDACORP, Inc. Net Income and Earnings Per Share (thousands except for per share amounts) 2015 2014 2015 2014 Net Income $ 66,080 $44,540 § 89,510 $ 71,944 Weighted average shares outstanding— diluted 50,258 50,156 50,259 50,166 Earnings per diluted share 4 am |& om |S a
Slide 5: 2Q 2014 to 2Q 2015 Net Income
2Q 2014 to 2Q 2015 IDACORP, Inc. Net Income (millions) Change in Idaho Power net income: Increased sales volumes attributable to usage per customer, net of associated power supply costs and Power Cost Adjustment (PCA) mechanismimpacts $78 Impactiin the second quarter of 2015 of retroactively applyin
Slide 6: Operating Cash Flows and Liquidity
Operating Cash Flows ~ (millions) Six Months Ended June 30 IDACORP 2015 2014 Net Cash Provided by Operating Activities § 171.0 $ 163.3 Liquidity As of June 30, 2015 (millions) IDACORP"! Idaho Power Revolving Credit Facility — Expires October 2018 $ 125.0 $ 300.0 Commercial Paper Outstanding (27.0) -
Slide 7: Key Financial & Operating Metrics and 2015 Earnings Guidance
~ SIDACORP. Key Financial & Operating Metrics ~~ and 2015 Earnings Guidance (millions except for per share amounts) 2015 Estimates Current» Previous = Idaho Power Operations & Maintenance Expense No Change S$ 340-$ 350 Idaho Power Additional Amortization of ADITC No Change None Idaho Power Capital E
Slide 8: Preferred Portfolio
Preferred Portfolio* 2025 Boardman to Hemingway (B2H} 500 MW 2025 Retire North Valmy (both units) (262) mw 2030 Demand Response comw 2030 —_Ice-Based Thermal Energy Storage (TES) 20Mw 2031 Combined Cycle Combustion Turbine (CCT) 300MW “action items andtiming are subject to a number of assumptions an
Slide 9: Idaho Power System Load
Idaho Power System Load Peak Days—2013 and 2015 3,600 3.400 /) vhs = 220 LX & % 2000 Q 2 2,400 2,200 2,000 1,800 z 2 4, 4 2 x & 2 % % &, % "a, %, Dy %, %, ay ay ‘%, “%, %, ‘% 2a, 4 My My ty % 4 ey, % % % % 4, m7 /2/2013 ——6/30/2015 3,407 Mw—104" 3,402 MW—102"
Slide 10: Continued Economic Progress
Continued Economic Progress 525,000 515,000 505,000 495,000 485,000 475,000 10 Idaho Power Customer Growth Twelve Months Ended June 30 17% 1.2% 1.5% 1.0% 06% 2011 2012 2013 2014 aa 2015 @SIDACORP. Southern Idaho Gets Federal Manufacturing Designation "|daho's six county region know as The Magic Vall
Slide 11: Fall Outlook
Fall Outlook August 2015 Through October 2015 Precipitation 1) 33% to 40% Chance of Below Normal Precipitation BB 40% to 50% Chance of Below Normal Precipitation IB 50% to 60% Chance of Below Normal Precipitation [ll 60% or Greater for Below Normal Precipitation 11) 33% to 40% Chance of Above Normal
Slide 12: Contact Information
hy uIDACORP. Contact Information Investors & Analysts Media Lawrence F. Spencer Stephanie McCurdy Director of Investor Relations Corporate Communications (208) 388-2664 (208) 388-6973 LSpencer@idacorpinc.com SMcCurdy@idahopower.com Webcast and presentation on WWW.IDACORPINC.COM