Slide 1: Earnings Conference Call
Earnings Conference Call 4th Quarter & Year End 2016 February 23, 2017
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, that relate to future even
Slide 3: Leadership Presenting Today
Leadership Presenting Today Darrel Anderson Steve Keen IDACORP President IDACORP Senior Vice President, & Chief Executive Officer Chief Financial Officer, & Treasurer 3
Slide 4: Earnings Performance
Earnings Performance IDACORP, Inc. Net Income and Earnings Per Diluted Share (Thousands Except for Per Share Amounts) Three Months Year Ended Ended December 31 December 31 2016 2015 2016 2015 Net Income $ 33,213 $ 31,832 $ 198,288 $ 194,679 Average shares outstanding– diluted 50,407 50,334 50,373 50
Slide 5: IDACORP, Inc. Net Income (millions)
2015 to 2016 IDACORP, Inc. Net Income (millions) Net Income – For the Year Ended December 31, 2015 $ 194.7 Change in Idaho Power net income: Customer growth, net of associated power supply costs $ 11.2 Usage per customer, net of associated power supply costs (14.7) Other operating and maintenance ex
Slide 6: Operating Cash Flows and Liquidity
Operating Cash Flows (millions) Year Ended December 31 IDACORP 2016 2015 Net Cash Provided by Operating Activities $ 347.7 $ 353.2 Liquidity As of December 31, 2016 (millions) IDACORP(1) Idaho Power Revolving Credit Facility – Expires November 2021 $ 100.0 $ 300.0 Commercial Paper Outstanding – (21.
Slide 7: Key Financial & Operating Metrics and 2017 Earnings Per Share Guidance
Key Financial & Operating Metrics and 2017 Earnings Per Share Guidance (Millions Except for Per Share Amounts) Performance Metrics 2017 Estimates (1) 2016 Actual IDACORP Earnings Per Share Guidance (2) $ 3.90 – $ 4.05 $ 3.94 Idaho Power Operations & Maintenance Expense $ 345 – $ 355 $ 352 Idaho Powe
Slide 8: Newest Board Appointment
Newest Board Appointment Annette Elg Appointed to IDACORP and Idaho Power Boards of Directors Former Senior Vice President and Chief Financial Officer for J.R. Simplot Company 8
Slide 9: Succession Planning in Action
Succession Planning in Action Recent Executive Changes Lisa Grow Brian Buckham Senior Vice President and Senior Vice President Chief Operating Officer and General Counsel Adam Richins Vern Porter Vice President of Customer Operations Vice President of T&D and Business Development Engineering & Const
Slide 10: Continued Economic Progress
Continued Economic Progress Idaho Power Customer Growth 545,000 1.8% 535,000 1.8% 525,000 1.4% 515,000 1.5% 505,000 1.1% Boise 495,000 Pocatello Twin Falls 485,000 2012 2013 2014 2015 2016 10
Slide 11: Regulatory Updates
Regulatory Updates Hells Canyon Prudency Filing • Application Filed with IPUC, December 2016 North Valmy Power Plant Depreciable Life Acceleration & Depreciation Rate Adjustment Filings • Applications Filed with IPUC, October 2016 Hells Canyon Dam, North Valmy Power Plant, Idaho and Oregon border Ne
Slide 12: Weather Outlook
Weather Outlook March 2017 Through May 2017 12 Source: NOAA, National Oceanic Atmospheric Administration, U.S. Dept of Commerce, February 2017
Slide 13: Contact Information
Contact Information Investors & Analysts Media Justin S. Forsberg Stephanie McCurdy Director of Investor Relations Corporate Communications (208) 388-2728 (208) 388-6973 JForsberg@idacorpinc.com SMcCurdy@idahopower.com Webcast and presentation on WWW.IDACORPINC.COM