Slide 1: First Quarter 2018 Earnings Teleconference
First Quarter 2018 Earnings Teleconference May 15th, 2018
Slide 2: 1Q18 Financial Summary
HYDRO ONE LIMITED 1Q18 FINANCIAL SUMMARY First Quarter Full Year ($ millions) 2018 2017 % Change 2017 2016 % Change Revenue Transmission 421 367 14.7% $1,578 $1,584 (0.4%) Distribution 1,145 1,279 (10.5%) 4,366 4,915 (11.2%) Distribution (Net of Purchased Power) 394 390 1.0% 1,491 1,488 0.2% Other 1
Slide 3: 1Q18 Financial Highlights
1Q18 FINANCIAL HIGHLIGHTS Demonstration of true potential with strong execution, return to seasonal weather, and increased productivity Financial Highlights ($M) – 1Q18 Year over Year Comparison Financial Highlights: 825 Revenue for 1Q18, net of purchased power, increased by 7.3% 769 Q1 2017 Q1 2018
Slide 4: Regulatory Update
REGULATORY UPDATE 2017 – 2018 Transmission Rate Application • Regulatory approval received on September 28, 2017, with 2017 rates effective January 1, 2017; • Decision included reductions in planned capital expenditures, OM&A expenses, and in estimated tax savings from the IPO; • In October 2017, Hy
Slide 5: Strong Balance Sheet and Liquidity
STRONG BALANCE SHEET AND LIQUIDITY Investment grade balance sheet with one of lowest debt costs in utility sector Significant Available Liquidity ($M) Strong Investment Grade Credit Ratings (LT/ST/Outlook) Shelf Registrations 250 Hydro One Inc. (HOI) Hydro One Limited HOL: Hydro One Inc. Universal S
Slide 6: Common Share Dividends
COMMON SHARE DIVIDENDS Consecutive annual 5% increase to dividend announced on May 15th, 2018 Key Points Dividend Statistics • Quarterly dividend increased to $0.23 per share ($0.92 annualized) Yield1 4.4% • Targeted dividend payout ratio Annualized Dividend2,3 $0.92 / share remains at 70% - 80% of
Slide 7: Disclaimers
DISCLAIMERS DISCLAIMERS In this presentation, all amounts are in Canadian dollars, unless otherwise indicated. Any graphs, tables or other information in this presentation demonstrating the historical performance of the Company or any other entity contained in this presentation are intended only to