Alliant Energy : EEI Finance Conference Presentation
LNT
Alliant Energy Corporation
EEI Finance Conference
November 2024
Safe Harbor
This presentation contains statements that may be considered forward looking statements, such as management's expectations of financial objectives and projections, earnings guidance, capital expenditures, future investment opportunities, earnings growth, plant retirements, emission reduction goals, rate base growth, financing plans, tax credit generation and monetization, regulatory plans and new generation plans. These statements speak of the Company's plans, goals, beliefs, or expectations. Actual results could differ materially, because the realization of those results is subject to many uncertainties including regulatory approvals and results, unanticipated construction costs or delays, economic conditions in our service territories, weather, and other factors, some of which are discussed in more detail in the Company's Form 10-K for the year ended December 31, 2023 and Form 10-Q for the quarter ended September 30, 2024. All forward-looking statements included in this presentation are based upon information currently available unless otherwise noted and the Company assumes no obligation to update any forward- looking statements.
In addition, this presentation contains references to ongoing earnings, which is a non-GAAP financial measure. The reconciliations between ongoing earnings and the GAAP measure are provided in this presentation. Ongoing earnings refers to non-GAAP diluted earnings per share.
2
Alliant Energy: At a Glance
Our purpose: Serve customers and build stronger communities
>95% earnings From regulated operations
1 million electric customers 425,000 gas customers
3,000+ dedicated employees
$13.3 billion
13-month average
2023 rate base
Alliant Energy leads regulated, owned & operated renewable energy
3rd largest regulated wind owner-operator
Top 5 largest regulated solar owner-operator
~30% of 2023 year-endrate base comprised from regulated owned renewables
~40% of energy from renewable resources in 2023
3
Alliant Energy: Investment Thesis
Unlocking Growth, Reliability & Customer Value
Constructive
Consistent financial track record
Low risk of catastrophic
regulatory
14 consecutive years of
events in the states we
environments
achieving 5-7% earnings growth
operate
Strong customer base
In industries resilient during economic downturns
Top tier reliability
27% of distribution is underground
Over 3 GW of renewable resources
Strong economic development program to attract customers
4
Consistent Track Record of Shareowner Return
LNT in S&P's High Yield Dividend Aristocrats Index
$3.00
$2.00
$1.00
$0.00
2016 2017 2018 2019 2020 2021 2022 2023 2024E 2025E
Ongoing EPS Dividends
Ongoing EPS ~6% CAGR over the past 10 years
Dividends ~6% CAGR, consistent 60-70% payout ratio
2024 ongoing earnings guidance as of October 31, 2024 Reflects expected dividend declarations in 2025
5
Alliant Energy: Well-Positioned for Growth
Advancing economic development
Competitive advantages include:
Flexible resource planning
Non-litigated process enabling growth in tandem with our customers:
Constructive jurisdictions
Regulatory frameworks aligned for growth
6
ADVANCING ECONOMIC DEVELOPMENT
7
Relentlessly Building for the Future
Flexible planning for growth, driving affordability and rate base growth
Opportunities at Additional Sites
(not in capex plan)
Future Phases of
Big Cedar Site
(not in capex plan)
Phase 1 of Big
Cedar Site -
1.1GWs
(in capex plan)
Planning for Capacity Expansion
3,000
(MW)
2,500
2,000
Megawatts
1,500
1,000
500
0
2025
2026
2027
2028
2029
2030
2031
2032
Phase 1 (in plan)
Future Phases
Opportunity
Load expectations in plan
3-5%
Electric Sales
Growth CAGR
in plan over
2024-2032
In October 2024, MISO approved ITC transmission upgrades to serve up to 1.6 gigawatts of new data center load at Big Cedar. Requires IUC franchise approval prior to construction
Our flexible resource planning process enables us to pivot to growth scenarios without the need for additional studies
Planning for growth beyond initial phase of Big Cedar Site - expect to announce investments in the future
8
Data Centers - Mitigating Risk
Ensuring benefits for all customers
Individual contract rates
Protection for other customers and company
9
FLEXIBLE RESOURCE PLANNING
& CAPITAL PLANS
10
Disclaimer
Alliant Energy Corporation published this content on November 10, 2024, and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on November 10, 2024 at 20:06:07.721.