Slide 1: Second Quarter 2016 Earnings Teleconference
Second Quarter 2016 Earnings Teleconference August 12, 2016 One of North America’s largest electric utilities TSX: H
Slide 2: Hydro One Limited – Second Quarter Financial Summary
Hydro One Limited – Second Quarter Financial Summary Second Quarter Year to Date ($ millions) 2016 2015 Change 2016 2015 Change Revenue Transmission $381 $364 4.7% 767 770 (0.4%) Distribution (Gross) 1,152 1,185 (2.8%) 2,438 2,574 (5.3%) Distribution (Net of Purchased Power) 349 347 0.6% 739 766 (3.
Slide 3: Regulatory Rate Filings
Regulatory Rate Filings Current Rate Approved Effective term of Methodology rate base next application Comments Two-year cost of service filing made May 2016 31, 2016 incorporating OEB’s Renewed Cost of Filed May 31, 2016 Transmission Regulatory Framework for Electricity Service $10.04 billion for 2
Slide 4: Pending Great Lakes Power Transmission Acquisition
Pending Great Lakes Power Transmission Acquisition GLPT Relative to Hydro One Transmission Operations Key Points • “No-action” letter received from the Competition Bureau in July, 2016 • Rare opportunity to expand already significant transmission footprint in Ontario • Increases Hydro One’s transmis
Slide 5: Equity Market Cap Overview
Equity Market Cap Overview • Equity market capitalization of ~$15 billion and public float of ~$4.5 billion • Average daily trading volume of approximately 1.3 million shares • Equity market capitalization amongst the top 30 of all listed Canadian companies • Secondary offerings by Province increase
Slide 6: 2016 Second Quarter Financial Highlights
2016 Second Quarter Financial Highlights Key drivers Financial Highlights ($M) – 2Q16 Year over Year Comparison • Revenue growth driven by Dx rate changes and 725 743 higher average monthly Tx peak demand, partially offset by lower pension cost deferral Q2 2015 Q2 2016 • Operating cost improvements
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: 948
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