Exact Name of Registrant as Specified in Its Charter Commission File Number I.R.S. Employer Identification No. HAWAIIAN ELECTRIC INDUSTRIES, INC. 1-8503 99-0208097 and Principal Subsidiary HAWAIIAN ELECTRIC COMPANY, INC. 1-4955 99-0040500 State of Hawaii (State or other jurisdiction of incorporation or organization) Hawaiian Electric Industries, Inc. – 1001 Bishop Street, Suite 2900, Honolulu, Hawaii 96813 Hawaiian Electric Company, Inc. – 1001 Bishop Street, Suite, 2500, Honolulu, Hawaii 96813 (Address of ...

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 Exact Name of Registrant Commission I.R.S. Employer as Specified in Its Charter File Number Identification No. Hawaiian Electric Industries, Inc. 1-8503 99-0208097 Hawaiian Electric Company, Inc. 1-4955 9 ...

Hawaiian Electric Industries, Inc. (NYSE:HE) Q4 2021 Results Conference Call February 14, 2022 4:15 PM ET Company Participants Julie Smolinski - Vice President of Investor Relations & Corporate Sustainability Scott Seu - President and Chief Executive Officer Connie Lau - Chief Executive Officer, Retiring Greg Hazelton - Executive Vice President & Chief Financial Officer, HEI Shelee Kimura - President & CEO, Hawaiian Electric Ann Teranishi - President & Chief Executive Officer, American Savings Bank Tayne Se ...

Hawaiian Electric Industries, Inc. (NYSE:HE) Q3 2021 Earnings Conference Call November 5, 2021 4:15 PM ET Company Participants Julie Smolinski - Vice President of Investor Relations & Corporate Sustainability Connie Lau - President & Chief Executive Officer Scott Seu - President and Chief Executive Officer, Hawaiian Electric Greg Hazelton - Executive Vice President & Chief Financial Officer Ann Teranishi - President & Chief Executive Officer, American Savings Bank Tayne Sekimura - Senior Vice President & Ch ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 OR ii Glossary of Terms | Exact Name of Registrant as Specified in Its Charter | | | Commission File Number | I.R.S. Employer Identification No. | | | | --- | --- | --- | --- | --- | --- | --- | | HAWAIIAN ELECTRIC INDUSTRIES, INC. 1-8503 99-0208097 | | | | | | | | and Principal Subsidiar ...

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This presentation made by Hawaiian Electric Industries, Inc. (HEI) and Hawaiian Electric Company, Inc. (Hawaiian Electric) and their subsidiaries contain "forward-looking statements," which include statements that are predictive in nature, depend upon or refer to future events or conditions and usually include words such as "will," "expects," "anticipates," "intends," "plans," "believes," "predicts," "estimates" or similar expressions. In addition, any st ...

Hawaiian Electric Industries, Inc. (NYSE:HE) Q2 2021 Earnings Conference Call August 9, 2021 4:15 PM ET Company Participants Julie Smolinski - Vice President of Investor Relations & Corporate Sustainability Connie Lau - President & Chief Executive Officer Greg Hazelton - Executive Vice President & Chief Financial Officer Ann Teranishi - President & Chief Executive Officer, American Savings Bank Diane Plotts - Business Advisor Tayne Sekimura - SVP & CFO, Hawaiian Electric Company Conference Call Participants ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Exact Name of Registrant as Specified in Its Charter Commission File Number I.R.S. Employer Identification No. HAWAIIAN ELECTRIC INDUSTRIES, INC. 1-8503 99-0208097 and Principal Subsidiary HAWAIIAN EL ...

Financial Performance - Revenues for the first quarter of 2021 were $642.946 million, a decrease of 5% compared to $677.186 million in the same period of 2020[203]. - Operating income increased by 64% to $98.031 million in Q1 2021, up from $59.702 million in Q1 2020, driven by improvements in the electric utility and bank segments[203]. - Net income for common stock rose by 93% to $64.358 million in Q1 2021, compared to $33.420 million in Q1 2020, primarily due to higher net income in the electric utility and bank segments[203]. - Revenues for the three months ended March 31, 2021, were $565 million, a decrease of $33 million (5.5%) compared to $597 million in the same period of 2020[243]. - Operating income increased to $69 million, up $25 million (56.8%) from $44 million in the prior year, primarily due to lower operation and maintenance expenses[243]. - Net income for common stock rose to $43 million, an increase of $19 million (79.2%) compared to $24 million in the same period last year, driven by lower operating expenses and higher electric rates[243]. Sales and Demand - kWh sales decreased by 4.8% in Q1 2021 compared to Q1 2020, reflecting ongoing lower demand for electricity[197]. - kWh sales in the first quarter of 2021 were down 4.8% compared to the same quarter in 2020, with expectations for gradual improvement throughout 2021[237]. Tax and Financial Ratios - The effective tax rate for Q1 2021 was 19%, up from 15% in Q1 2020, mainly due to higher excess tax benefits related to share-based awards[204]. - The Utilities' consolidated ROACE was 9.0% for the twelve months ended March 31, 2021, compared to 7.4% for the same period in 2020[244]. - The Utilities' rate-making ROACE for Hawaiian Electric was 9.24% as of March 31, 2021, compared to the PUC-allowed ROACE of 9.50%, reflecting a difference of 0.26%[274]. Economic Conditions - Hawaii's unemployment rate in March 2021 was 9.0%, significantly higher than 2.1% in March 2020, but is expected to improve as travel restrictions ease[211]. - The median sales price for single-family homes increased by 17.3% and for condominiums by 5.8% in the first three months of 2021 compared to the same period in 2020[212]. Credit and Loans - The Company reversed $8.4 million in provisions for credit losses in Q1 2021 due to improved credit quality and lower net charge-offs[197]. - The provision for credit losses was a negative $8 million in Q1 2021, reflecting an improvement in economic outlook and lower net charge-offs compared to a provision of $10 million in Q1 2020[319]. - Delinquency rates decreased from 0.48% at March 31, 2020, to 0.43% at March 31, 2021, indicating improved credit quality[319]. Investments and Capital Expenditures - For the first three months of 2021, net cash provided by operating activities was $42 million, while net cash used by investing activities was $518 million, primarily due to capital expenditures[230]. - The estimated cost for the initial phase of the Grid Modernization Strategy is approximately $86 million, with $18 million incurred to date as of March 31, 2021[258]. - The estimated cost for the implementation of the Advanced Distribution Management System (ADMS) and field devices over five years is $105 million, with a PUC order pending[259]. Renewable Energy Initiatives - The Utilities exceeded the 2015 Renewable Portfolio Standard (RPS) goal of 30% by achieving 34.5% in 2020 and aim to meet the next RPS goal of 40% by 2030[249]. - The Utilities issued Stage 2 Renewable RFPs seeking approximately 900 MW of renewable energy, including 594 MW on Oahu, 135 MW on Maui, and 32 to 203 MW on Hawaii Island[285]. - The PUC approved four solar-plus-storage PPAs totaling 217 MW, with an additional 40 MW approved on April 14, 2021, leading to a total projected annual payment of $68 million[288]. Banking Operations - The bank's net interest margin for the first quarter of 2021 was 2.95%, down from 3.12% in the previous quarter[313]. - Interest income for Q1 2021 was $59 million, a decrease of $6 million (10%) from $65 million in Q1 2020, primarily due to lower average loan portfolio yields[319]. - Noninterest income increased by $4 million (27%) to $19 million in Q1 2021, driven by higher mortgage banking income and bank-owned life insurance income[319]. Asset Management - Total assets increased to $8,456,476 thousand as of March 31, 2021, up from $7,230,516 thousand in 2020, representing a growth of 17.0%[321]. - The investment securities portfolio grew to $2,600,303 thousand as of March 31, 2021, up from $2,197,364 thousand in December 2020, primarily due to excess liquidity purchases[326]. - ASB's total assets increased to $8.7 billion, up 4% from $8.4 billion on December 31, 2020[340]. Regulatory and Credit Ratings - Standard & Poor's revised HEI's outlook to stable and affirmed the "BBB-" issuer credit rating as of March 17, 2021[228]. - S&P upgraded Hawaiian Electric's issuer credit rating to "BBB" from "BBB-" on March 17, 2021, reflecting strong financial measures and regulatory protections[297]. - Moody's upgraded Hawaiian Electric's senior unsecured rating to "Baa1" from "Baa2" on April 20, 2021, due to progress in renewable resource integration[298].

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This presentation made by Hawaiian Electric Industries, Inc. (HEI) and Hawaiian Electric Company, Inc. (Hawaiian Electric) and their subsidiaries contain "forward-looking statements," which include statements that are predictive in nature, depend upon or refer to future events or conditions and usually include words such as "will," "expects," "anticipates," "intends," "plans," "believes," "predicts," "estimates" or similar expressions. In addition, any st ...