Avangrid, Inc. (NYSE:AGR) Q2 2022 Earnings Conference Call July 27, 2022 10:00 AM ET Company Participants Alvaro Ortega - Vice President of Finance Investor and Shareholder Relations & Risk Pedro Azagra - Chief Executive Officer Patricia Cosgel - Chief Financial Officer Catherine Stempien - President & Chief Executive Officer, Avangrid Networks Jose Antonio Miranda - Co-Chief Executive Officer & President, Onshore Saygin Oytan - Senior Vice President, Offshore Kim Harriman - Senior Vice President of State G ...

Avangrid, Inc. (NYSE:AGR) Q1 2022 Earnings Conference Call April 27, 2022 10:00 AM ET Company Participants Alvaro Ortega – Vice President of Finance, Investor and Shareholder Relations and Risk Dennis Arriola – Chief Executive Officer Patricia Cosgel – Interim Chief Financial Officer Jose Antonio Miranda – Co-Chief Executive Officer and President, Onshore Catherine Stempien – President and Chief Executive Officer, Avangrid Networks Bill White – Co-Chief Executive Officer and President, Offshore Bob Kump – D ...

Financial Data and Key Metrics Changes - In 2021, the company reported a net income increase of 22% and adjusted net income up 25% compared to 2020 [6] - Adjusted earnings per share rose 8% to $2.18 per share despite the impact of equity issuance [6] - The company achieved a record investment of $2.2 billion, with a 9% increase in rate base to $11.7 billion [8][15] Business Segment Data and Key Metrics Changes - Networks segment saw adjusted net income increase by 16% in 2021, while Renewables segment's adjusted net income rose by 48% [6][30] - The Networks segment's adjusted net income improved by 2% in Q4 2021 compared to Q4 2020 [30] - The company delivered 386 megawatts of new wind and solar projects in 2021, with approximately 1 gigawatt of projects currently under construction [11] Market Data and Key Metrics Changes - The company raised $4 billion in equity at market price without a discount, strengthening its balance sheet [7] - The company reported a 22% reduction in the number of customers impacted by outages in 2021 [9] Company Strategy and Development Direction - The company plans to invest approximately $1.9 billion in its Networks business in 2022, focusing on operational effectiveness and safety [15] - In Renewables, the target is about $1.4 billion in investments, with a focus on market space PPAs [15] - The company aims to leverage its affiliation with Iberdrola to enhance its competitive advantage in the U.S. offshore wind business [19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate supply chain challenges and inflationary pressures [16] - The outlook for 2022 includes net income and adjusted net income projections of $850 million to $920 million, representing a 13% increase from 2021 [38] - Management emphasized the importance of execution and continuous improvement in operations and customer service [42] Other Important Information - The company was recognized for its ESG leadership, ranking 48th on the JUST 100 list and being named one of the World's Most Ethical Companies [26] - The company appointed Patricia Cosgel as interim CFO following Doug Stuver's departure [27] Q&A Session Summary Question: NECEC and ACDC earnings recognition - Management confirmed that no new ACDC will be recorded in 2022 following the suspension of construction in December [46][47] Question: Offshore wind CapEx expectations - The total project cost for Vineyard Wind is still around $4 billion, with Park City and Commonwealth targeting about $4,000 per kilowatt [48][49] Question: Financial implications of regulatory review in Maine - Management expressed confidence in their customer service improvements and ongoing communication with the commission [50][51][54] Question: Supply chain contracting for Park City - Very little has been contracted for Park City at this point, with a focus on leveraging Iberdrola's purchasing power in the future [66][67] Question: Internal capabilities for offshore wind projects - The company is adding personnel to support the transition to full ownership of offshore projects, with a mix of internal and new hires [70]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-37660 Avangrid, Inc. (Exact name of registrant as specified in its charter) Securities registered pursuant to Section 12(b) of the Act: New York 14 ...

Avangrid, Inc. (NYSE:AGR) Q3 2021 Earnings Conference Call October 27, 2021 10:00 AM ET Company Participants Patricia Cosgel – Vice President-Investor and Shareholder Services Dennis Arriola – Chief Executive Officer Doug Stuver – Senior Vice President and Chief Financial Officer Bob Kump – Deputy Chief Executive Officer and President Jose Antonio Miranda – Co-Chief Executive Officer and President Onshore Bill White – Co-Chief Executive Officer and President Offshore Conference Call Participants David Arcar ...

Avangrid, Inc. (NYSE:AGR) Q2 2021 Earnings Conference Call July 21, 2021 10:00 AM ET Company Participants Patricia Cosgel – Vice President-Investor and Shareholder Services Dennis Arriola – Chief Executive Officer Doug Stuver – Senior Vice President and Chief Financial Officer Bob Kump – Deputy Chief Executive Officer and President Alejandro de Hoz – President and Chief Executive Officer-Avangrid Renewables Catherine Stempien – President and Chief Executive Officer-Avangrid Networks Conference Call Particip ...