Slide 1: First Quarter 2016 Earnings Teleconference
First Quarter 2016 Earnings Teleconference May 6, 2016 One of North America’s largest electric utilities TSX: H
Slide 2: Hydro One Limited – First Quarter Financial Summary
Hydro One Limited – First Quarter Financial Summary First Quarter ($ millions) 2016 2015 Change Revenue Transmission $386 $406 (4.9%) Distribution (Gross) 1,286 1,389 (7.4%) Distribution (Net of Power) 390 419 (6.9%) Other 14 13 7.7% Consolidated (Gross) 1,686 1,808 (6.7%) Consolidated (Net of Power
Slide 3: Pending Great Lakes Power Transmission Acquisition
Pending Great Lakes Power Transmission Acquisition GLPT Relative to Hydro One Transmission Operations Key Points • Rare opportunity to expand already significant transmission footprint in Ontario • Increases Hydro One’s transmission coverage to ~98% of province-wide total capacity • Expected to be e
Slide 4: Common Share Dividend
Common Share Dividend Dividend Statistics Key Points Yield1 3.5% • Hydro One Limited paid its first quarterly dividend on March 31st, 2016 comprised of: Annualized Dividend2 $0.84 / Share $0.13 proportionate dividend from November (1) Based on closing share price on March 31, 2016 5, 2015 date of
Slide 5: Core Management Priorities
Core Management Priorities • Greater focus on and integration of customers' needs into business decision making • Continuous focus on increased efficiency and productivity • Accelerate effectiveness and efficiency of capital deployment • Make Hydro One a rewarding and safe place to work for our empl
Slide 6: 2016 First Quarter Financial Highlights
2016 First Quarter Financial Highlights Key Points Financial Highlights (C$M) – 1Q16 Year over Year Comparison • Unusually mild winter temperatures in 838 1Q16 790 Q1 2015 Q1 2016 • Ice storm related costs in March 2016 426 373 373 344 • Brampton Hydro divestiture as of August 278 256 31, 2015 and I
Slide 7: Understanding the Typical Hydro One End Customer Bill
Understanding the Typical Hydro One End Customer Bill End Customer Monthly Electric Bill Breakdown1 HST Regulatory Charges 12% 3% Local Electric 29% Distribution Charges Hydro One Portion of End Customer Customer Electric Bill Total Electric Bill 38% (Delivery Charges) 47% Electricity Transmission C
Slide 8: 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: 955
Slide 9: Successful $1.35B Debt Offering
Successful $1.35B Debt Offering Offering Specifics 5 Year Tranche 10 Year Tranche 30 Year Tranche Amount: $500,000,000 $500,000,000 $350,000,000 Spread: +125 bps +157 bps +200 bps Coupon: 1.84% 2.77% 3.91% Maturity: February 24, 2021 February 24, 2026 February 23, 2046 • On February 19, 2016, fully-
Slide 10: Anticipated Regulatory Rate Filings
Anticipated Regulatory Rate Filings 2016 Current Rate Approved Effective term of Methodology rate base next application Comments On track to file a two-year transition filing in Cost of File in May 2016 for Transmission $10.04 billion late May 2016 before move to incentive based Service 2017-18 rate
Slide 11: 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