Fortis Inc. · TSX:FTS
Fortis — Investor Presentation (December 2024)
17 slides from Fortis's investor presentation, Dec 2, 2024
Slide 1: 2024 Board Shareholder Engagement
2024 Board Shareholder Engagement December 2, 2024
Slide 2: Forward Looking Information
Forward Looking Information Fortis Inc. (“Fortis” or the “Corporation”) 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 (colle
Slide 3: Agenda and Board Participants
AGENDA WELCOME Board Participants About the Board Board Advancements Sustainability Approach to Executive Succession & Compensation Jo Mark Zurel Maura J. Clark Julie A. Dobson Gianna M. Manes (Audit Committee (Human Resources (Governance and Conclusion (Chair of the Board) Chair) Committee Chair) S
Slide 4: Board of Directors
AGENDA Welcome Board of Directors ABOUT THE BOARD Board Advancements Sustainability Approach to Executive Succession & Compensation Jo Mark Zurel David G. Hutchens Tracey C. Ball Pierre J. Blouin Lawrence T. Borgard Maura J. Clark (Chair of the Board) (President & CEO, Fortis Inc.) Conclusion Feedba
Slide 5: Board At A Glance
AGENDA Welcome Board At A Glance ABOUT THE BOARD 11 of 12 directors Independent Board Advancements 3 Committees Audit, Governance and Sustainability, and Human Resources Sustainability 6.3 years Approach to Executive Average tenure through December 2024 Succession & Compensation 58% Female directors
Slide 6: Governance Overview
AGENDA Welcome Governance Overview ✓ Annual advisory vote on executive pay ✓ Holding company with significant subsidiaries ✓ Benchmarking done for competitiveness, ABOUT THE BOARD governed by their own board of directors targeting compensation at the median comprised of a majority of independent dir
Slide 7: Board Roles and Responsibilities
AGENDA Welcome Board Roles and Responsibilities ABOUT THE BOARD Governance & Human Sustainability Resources Audit Responsibility Matrix Board Committee Committee Committee Board Advancements Strategy Sustainability Executive Succession Planning Sustainability Approach to Executive Board Assessment a
Slide 8: Enterprise Risk Management & Cybersecurity
AGENDA Enterprise Risk Management & Welcome Cybersecurity ABOUT THE BOARD Enterprise Risk Management Cybersecurity ✓ The board is responsible for identification of material risks ✓ Board oversight through Governance and Sustainability Board Advancements together with management Committee ✓ Oversight
Slide 9: 2024 Board Advancements
AGENDA 2024 Board Welcome Advancements About the Board BOARD ADVANCEMENTS Strategy Sustainability ✓ Focused on organic growth ✓ 2024 Climate Report Sustainability and delivery of cleaner energy ✓ 2024 Sustainability Report ✓ 51 years of consecutive ✓ Carbon Disclosure Project dividend increases (CDP
Slide 10: Sustainability Leadership
AGENDA Welcome Sustainability Leadership About the Board Climate and Innovation Community and Indigenous Relations ✓ 2050 net-zero direct emissions goal with interim targets to reduce ✓ Building on our strong record of mutually beneficial partnerships with Board Advancements GHG emissions 50% by 203
Slide 11: 2024 Sustainability Advancements
AGENDA Welcome 2024 Sustainability Advancements About the Board 2024 Climate Report 2024 Sustainability Report ✓ Climate scenario analysis conducted using low and ✓ Includes 2023 sustainability-related key performance Board Advancements high emissions scenarios over three-time horizons indicators (p
Slide 12: Executive Succession
AGENDA Welcome Executive Succession 2024 Changes About the Board Leadership Transition Board Advancements Keri Glitch ✓ Human Resources Committee is responsible for the development and Vice President, CIO Sustainability succession of senior management which is reviewed regularly by the Board Fortis
Slide 13: Executive Compensation
AGENDA Welcome Executive Compensation 2024 Program Changes About the Board Annual Incentive Objectives • Introduced FFO to debt ratio, S&P metric, to Board Advancements ✓ Fair compensation replace existing cash flow measure ✓ Linked to performance • New climate and employee engagement ✓ Aligned with
Slide 14: Ongoing Board Priorities
AGENDA Welcome Ongoing Board Priorities About the Board Board Advancements Areas of Focus ✓ Oversight of regulated growth strategy and energy transition Sustainability ✓ Enterprise risk management Approach to Executive ✓ Talent management Succession & Compensation ✓ Continued sustainability leadersh
Slide 15: Board Shareholder Engagement Supportive of Value Proposition
AGENDA Board Shareholder Engagement Welcome Supportive of Value Proposition About the Board Sustainable Growth: Focused on Executing Board Advancements Strong Robust Transmission Transparent Rate Base Growth Investment Pipeline Funding Plan Sustainability Cleaner 4-6% Annual Investment-Grade Approac
Slide 16: Feedback and Q&A
Feedback and Q&A FORTIS... 16
Slide 17: FORTIS...
FORTIS...