Slide 1: Third Quarter 2016 Earnings Teleconference
Third Quarter 2016 Earnings Teleconference November 11, 2016 One of North America’s largest electric utilities TSX: H
Slide 2: Hydro One Limited – Third Quarter Financial Summary
Hydro One Limited – Third Quarter Financial Summary Third Quarter Year to Date ($ millions) 2016 2015 % Change 2016 2015 % Change Revenue Transmission $444 $405 9.6% 1,211 1,175 3.1% Distribution 1,249 1,227 1.8% 3,687 3,801 (3.0%) Distribution (Net of Purchased Power) 379 371 2.2% 1,118 1,137 (1.7%
Slide 3: Strengthened Organizational Muscle
Strengthened Organizational Muscle Senior Leadership Team Mayo Schmidt President and CEO Michael Vels Greg Kiraly Jamie Scarlett Ferio Pugliese Paul H. Barry Judy McKellar Chief Financial Officer Chief Operating Officer Chief Legal Officer EVP, Customer Care & EVP, Strategy & SVP, People & Corporate
Slide 4: Merger and Acquisition Update
Merger and Acquisition Update Great Lakes Power Transmission Key points • Ontario Energy Board (OEB) Approval received October 13, 2016 and transaction closed October 31, 2016 • Increases Hydro One’s transmission coverage to ~98% of province-wide capacity • Expected to be earnings accretive in first
Slide 5: 2016 Third Quarter Financial Highlights
2016 Third Quarter Financial Highlights Key drivers Financial Highlights ($M) – 3Q16 Year over Year Comparison • Revenue, net of power costs, for the third quarter and year-to-date grew by 6.0% and 0.7% 836 789 respectively: Q3 2015 Q3 2016 Higher average monthly Ontario 60-minute 510 peak demand;
Slide 6: Regulatory Update
Regulatory Update 2017 – 2018 Transmission Rate Application • Interrogatory phase completed following responses to ~1,300 questions in August 2016 • Senior executive presentation of rate application to the OEB panel in early September 2016 • 2-day Technical Conference in September 2016 for additiona
Slide 7: Strong Balance Sheet and Liquidity
Strong Balance Sheet and Liquidity Significant Available Liquidity ($M) Strong Investment Grade Credit Ratings (LT/ST/Outlook) Shelf Registrations 250 Hydro One Limited Hydro One Inc. (HOI) HOL: Hydro One Inc. Universal Shelf1 S&P A / A-1/ stable $8B 2,300 DBRS A (high) / R-1 (low) / stable HOI: 1,1
Slide 8: 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