The AES Corporation (AES) CEO Andrés Gluski on Q2 2022 Results - Earnings Call Transcript

The AES Corporation (NYSE:AES) Q2 2022 Earnings Conference Call August 5, 2022 10:00 AM ET

Company Participants

Susan Harcourt - Vice President of Investor Relations

Andrés Gluski - President & Chief Executive Officer

Steve Coughlin - Chief Financial Officer

Conference Call Participants

Insoo Kim - Goldman Sachs

David Arcaro - Morgan Stanley

Durgesh Chopra - Evercore

Richard Sunderland - JPMorgan

Angie Storozynski - Seaport

Paul Zimbardo - Bank of America

David Peters - Wolfe Research

Operator

Ladies and gentlemen, thank you for standing by. Welcome to the AES Corporation Second Quarter 2022 Financial Review Call. My name is Irene, and I will be coordinating this event. [Operator Instructions]

I would like to turn the conference over to our host Susan Harcourt, Vice President of Investor Relations. Susan, please go ahead.

Susan Harcourt

Thank you operator. Good morning and welcome to our second quarter 2022 financial review call. Our press release presentation and related financial information are available on our website at aes.com.

Today, we will be making forward-looking statements. There are many factors that may cause future results to differ materially from these statements, which are discussed in our most recent 10-K and 10-Q filed with the SEC. Reconciliations between GAAP and non-GAAP financial measures can be found on our website along with the presentation.

Joining me this morning are Andrés Gluski, our President and Chief Executive Officer; Steve Coughlin, our Chief Financial Officer; and other senior members of our management team.

With that, I will turn the call over to Andrés.

Andrés Gluski

Good morning everyone and thank you for joining our second quarter 2022 financial review call. As you have seen from our earnings release, we reported second quarter adjusted EPS of $0.34, which was in line with our expectations and consistent with our historical quarterly earnings profile. Our CFO, Steve Coughlin will discuss our financial results in more detail.

Based on our year-to-date results and outlook for the second half of the year, we are reaffirming our 2022 guidance and our expectation for annualized growth in adjusted EPS and parent free cash flow of 7% to 9% through 2025. I would also note that our guidance and expectations do not include any benefit from proposed US climate legislation, which we see as a meaningful source of potential upside as it would drive additional demand for renewables and energy storage and accelerate the development of green hydrogen projects in the US.