Fortis Inc. · TSX:FTS
Fortis — J.P. Morgan Energy, Power & Renewables Conference 2023
10 slides from Fortis's conference presentation, June 2023
Slide 1: J.P. Morgan Energy, Power & Renewables Conference 2023
J.P. Morgan Energy, Power & Renewables Conference 2023 June 2023
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% $4.3 billion transmission & distribution assets 2023F capital expenditures 10 regulated utilities $36 billion in Canada, the U.S. and Caribbean 2023F rate base 3.4 million $29 billion(1) electric and gas customers market capitalization 9,200 9.5% average annual
Slide 4: Carbon Emissions Reduction on Track
CARBON EMISSIONS REDUCTION ON TRACK Sustainability Highlights: Achieved 28% GHG Emissions Reduction Since 2019 • Ranked #1 in the Globe & Mail 2022 Board Games 2019 • Released first TCFD and Climate Report in 2022 • Fortis aligned with GRI and SASB • Strong board diversity with 58% female directors
Slide 5: Highly Executable Capital Plan Supports Low-Risk Rate Base Growth of ~6%
HIGHLY EXECUTABLE CAPITAL PLAN SUPPORTS LOW-RISK RATE BASE GROWTH OF ~6% Capital Plan Continued Focus on Rate Base Customer Affordability 35% • Targeting controllable operating cost $46.1B increases below inflation, consistent Transmission with historical practice $34.1B $22.3B • Focused on preventa
Slide 6: Long Capex Runway
LONG CAPEX RUNWAY Responding to stakeholder expectations and capitalizing on opportunities to expand & extend growth Business development in existing footprint Connect more renewable generation to the grid Prepare grid for additional electrification Build more renewable generation Invest in technolo
Slide 7: Regulatory Update
REGULATORY UPDATE Iowa Transmission Right of First Refusal (ROFR) – In March 2023, the Iowa Supreme Court granted certain parties standing to challenge the Iowa ROFR statute, issued a temporary injunction staying enforcement of the ROFR statute, and remanded the matter to the district court to decid
Slide 8: Dividend Guidance Supported by Long-Term Growth Strategy
DIVIDEND GUIDANCE SUPPORTED BY LONG-TERM GROWTH STRATEGY 49 YEARS of Consecutive Dividend Increases 4-6% Annual Dividend Growth Guidance through 2027 72 74 76 78 80 82 84 86 88 90 92 94 96 98 00 02 04 06 08 10 12 14 16 18 20 22 8
Slide 9: Why Invest in Fortis?
WHY INVEST IN FORTIS? WHY INVEST IN FORTIS? Focused on Geographic & 4-6% SAFE, ENERGY Regulatory ANNUAL DIVIDEND WELL-RUN DELIVERY DIVERSITY Growth Guidance Local Utilities LOW-RISK Virtually ESG Growth All Innovative REGULATED Leader Profile 9
Slide 10: Fortis...
FORTIS... 10
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