Avangrid(AGR) - 2016 Q2 - Earnings Call Presentation

Financial Performance Highlights - AVANGRID's 2Q '16 Net Income was $102 million ($0.33/share)[14], compared to $11 million in 2Q '15[14] - YTD '16 Net Income reached $314 million ($1.01/share)[14], up from $117 million YTD '15[14] - Adjusted EBITDA grew by 9% YTD to $1,048 million, with Networks contributing +6% and Renewables +13%[12] - 2Q '16 Adjusted Net Income was $100 million ($0.32/share), a +218% increase compared to $31 million in 2Q '15[18] - YTD '16 Adjusted Net Income was $295 million ($0.95/share), a +45% increase compared to $203 million YTD '15[18] Business Segment Performance - AVANGRID Networks reported 2Q '16 Net Income of $79 million and YTD '16 Net Income of $244 million[53] - AVANGRID Renewables reported 2Q '16 Net Income of $41 million and YTD '16 Net Income of $84 million[53] - 2Q '16 Adjusted EBITDA for Networks was $305 million and for Renewables was $169 million[57] - YTD '16 Adjusted EBITDA for Networks was $739 million and for Renewables was $339 million[57] Strategic Initiatives and Capital Investments - Capital expenditures totaled $674 million, funded by Cash from Operations of $908 million[12] - The company affirmed its 2016 Consolidated EPS Outlook of $2.10 - $2.20[12] - Avangrid Renewables operates approximately 6.6 gigawatts of electricity capacity[7]