Slide 1: Second Quarter 2022 Earnings Teleconference
Second Quarter 2022 Earnings Teleconference August 9, 2022 One of North America’s largest electric utilities TSX:H
Slide 2: 2Q22 Financial summary
2Q22 Financial summary Second Quarter Year to Date (millions of dollars, except earnings per share (EPS)) 2022 2021 % Change 2022 2021 % Change Revenues Transmission 516 448 15.2% 1,035 896 15.5% Distribution 1,314 1,263 4.0% 2,831 2,617 8.2% Distribution Revenues(Net of Purchased Power)2 462 425 8.
Slide 3: 2Q22 Financial summary
2Q22 Financial summary The Company's response to devastating storms demonstrates its commitment to energizing life for Ontarians while highlighting the need for continued investment to prepare for climate change Selected Financial Highlights: Financial Highlights ($M) – 2Q22 Year over Year Compariso
Slide 4: Strong balance sheet and liquidity
Strong balance sheet and liquidity (as at June 30, 2022) Investment grade balance sheet with one of lowest debt costs in utility sector Significant available liquidity ($M) Strong investment grade debt ratings (long-term/short-term/outlook) Shelf registrations Hydro One Limited (HOL) Hydro One Inc.
Slide 5: Common share dividends
Common share dividends A Growing and Sustainable Dividend4 Key Points • Quarterly dividend declared at $0.2796 per common 0.13 share ($1.1184 annualized) • Targeted dividend payout ratio remains at 70% - 80% of net income 1.0023 1.0525 0.9545 • Attractive and growing dividend supported by stable, 0.
Slide 6: Disclaimers
Disclaimers Forward Looking Information This presentation contains “forward-looking information” within the meaning of applicable Canadian securities laws that is based on current expectations, estimates, forecasts and projections about Hydro One’s business and the industry in which Hydro One operat