Hydro One Limited · TSX:H
Hydro One — Q3 2019 Earnings Presentation
9 slides from Hydro One's earnings presentation, Nov 7, 2019
Slide 1: Third Quarter 2019 Earnings Teleconference
THIRD QUARTER 2019 Earnings Teleconference November 7th, 2019 One of North America’s largest electric utilities TSX:H
Slide 2: Hydro One's New Strategy
HYDRO ONE’S NEW STR!TEGY Plan, design and build a Be the safest and most Be a trusted partner Advocate for our customers Innovate and grow the Strategic Priorities grid for the future efficient utility and help them make business informed decisions We will plan, design and build a We will transform
Slide 3: Hydro One's New Strategy: An Ontario focus, and plan to enhance value
HYDRO ONE’S NEW STR!TEGY An Ontario focus, and plan to enhance value Strategic Priorities Business Outcomes Plan, design and build a grid for the future Improved safety culture where Hydro One employees go home safely every single day Be the safest and most efficient utility Improved reliability abo
Slide 4: 3Q19 Financial Summary
HYDRO ONE LIMITED 3Q19 FINANCIAL SUMMARY Third Quarter YTD (millions of dollars, except EPS) 2019 2018 % Change 2019 2018 % Change Revenue Transmission $443 $493 (10.1%) $1,245 $1,344 (7.4%) Distribution 1,140 1,103 3.4% 3,490 3,284 6.3% Distribution (Net of Purchased Power) 403 370 8.9% 1293 1126 1
Slide 5: 3Q19 Financial Summary
HYDRO ONE LIMITED 3Q19 FINANCIAL SUMMARY Lower operating costs, partially offset by lower revenue from less favourable weather leads to strong financial quarter Financial Highlights ($M) – 3Q19 Year over Year Comparison Financial Highlights: Revenues Net of Power decreased 1.9% during the quarter en
Slide 6: Regulatory Update
REGULATORY UPDATE 2019 Transmission Rate Application Peterborough and Orillia Applications • On April 25, 2019, the OEB issued its decision, awarding an inflationary index of 1.4% and an • April 26, 2019: Submitted supplemental evidence on rate impacts to customers at the end of effective date of Ma
Slide 7: 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 Limited Hydro One Inc. (HOI) Hydro One Inc. HOL: Universal S
Slide 8: Common Share Dividends
COMMON SHARE DIVIDENDS Consecutive annual 5% increase announced on May 9th, 2019 Key Points Dividend Statistics • Quarterly dividend declared at $0.2415 per common share ($0.966 annualized) Yield1 3.9% • Targeted dividend payout ratio remains at 70% - 80% of net income Annualized Dividend2,3 $0.966
Slide 9: 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