Fortis Inc. · TSX:FTS
Fortis — ESG Presentation (October 2020)
11 slides from Fortis's sustainability presentation, Oct 7, 2020
Slide 1: TD ESG Presentation
TD ESG PRESENTATION October 7, 2020
Slide 2: Forward Looking Information
FORWARD LOOKING INFORMATION Fortis includes forward-looking information in this presentation within the meaning of applicable Canadian securities laws and forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (collectively referred to as "forward-looki
Slide 3: A Premium Energy Delivery Business
A PREMIUM ENERGY DELIVERY BUSINESS 93% TRANSMISSION & DISTRIBUTION ASSETS HIGH-QUALITY PORTFOLIO: ➢ 10 Utility Businesses ➢ 3.3M Electric & Gas Customers ➢ 9,000 Employees ➢ 99% Regulated Utility Assets ➢ $25B Market Capitalization(1) ➢ ~14% Average Annual 20-Year Total Shareholder Return(1) ➢ ~$30B
Slide 4: Five-Year Outlook Highlights
FIVE-YEAR OUTLOOK HIGHLIGHTS ~$19.6B ~6% ~6% 2021-2025 Rate Base Average Annual Capital Plan Growth Dividend Growth Guidance to 2025 $800M increase Rate base grows 47 consecutive years over prior year ~$10B to $40.3B of dividend increases plan of $18.8B over five-year plan 4
Slide 5: Dividend Guidance Supported by Long-Term Growth Strategy
DIVIDEND GUIDANCE SUPPORTED BY LONG-TERM GROWTH STRATEGY 6% 47 YEARS $2.0 AVERAGE ANNUAL DIVIDEND OF CONSECUTIVE GROWTH GUIDANCE TO 2025 DIVIDEND INCREASES $1.5 $1.0 $0.5 74 76 78 80 82 84 86 88 90 92 94 96 98 00 02 04 06 08 10 12 14 16 18 20F 5
Slide 6: Committed to Improving Our Low-Carbon Emissions Profile
COMMITTED TO IMPROVING OUR LOW-CARBON EMISSIONS PROFILE 2019 Scope 1 Emissions Ranking Relative to Peers ~90% OF SCOPE 1 EMISSIONS 60,000 ARE CONCENTRATED IN ARIZONA AT TEP 50,000 Ktonnes CO2 equivalent 40,000 ➢ Excluding TEP emissions, Fortis would be one of the lowest ranked in 30,000 its peer gro
Slide 7: Arizona Focused on Renewables
ARIZONA FOCUSED ON RENEWABLES TEP INTEGRATED RESOURCE PLAN FILED IN JUNE 2020 ~460 MW of New Wind, 3,400 MW Planned Additions of Solar and Storage Wind, Solar and Storage ➢ TEP expects to have coal-free generation mix 2020-2021 2022-2035 by 2032 ➢ TEP’s power will be more than 70% renewable by 1,073
Slide 8: Corporate-Wide Carbon Emissions Reduction Target of 75% by 2035
CORPORATE-WIDE CARBON EMISSIONS REDUCTION TARGET OF 75% BY 2035 COMPARED TO 2019 LEVELS PROVIDES CUSTOMERS WITH CLEANER ENERGY Reduction in Scope 1 Emissions by 2035 Using a 2019 Base Year 16,000 ➢ Industry leader in sustainability with 14,000 shorter timeframe for reduction and 12,000 using current
Slide 9: Focused on Energy Delivery Assets & Renewable, Carbon-Free Generation
FOCUSED ON ENERGY DELIVERY ASSETS & RENEWABLE, CARBON-FREE GENERATION 75% BY 2035 TARGET WILL BUILD ON EXISTING BY 2035, 99% OF FORTIS ASSETS WILL BE ENERGY DELIVERY OR RENEWABLE GENERATION LOW-EMISSIONS PROFILE 2019 TOTAL ASSETS PROJECTED 2035 TOTAL ASSETS Focused on initiatives Energy beyond targe
Slide 10: Sustainability Leader
SUSTAINABILITY LEADER Continued Focus on Carbon emissions reduction target of Energy 75% by 2035 Delivery using a 2019 base year Industry leader in Industry recognition(1) for Safety Strong Governance and Reliability grounded in local leadership & independence More than 40% of Fortis Inc. Directors
Slide 11: Why Invest in Fortis?
WHY INVEST IN FORTIS? Focused on Strong Virtually 6% Well-Run ESG Highly Innovative Energy Growth All Dividend Businesses Leader Diversified Delivery Profile Regulated Guidance 11