Slide 1: Fourth Quarter 2017 Earnings Teleconference
Fourth Quarter 2017 Earnings Teleconference February 13, 2018 One of North America’s largest electric utilities TSX: H
Slide 2: Hydro One Limited – 4Q17 Financial Summary
Hydro One Limited – 4Q17 Financial Summary Fourth Quarter Full Year ($ millions) 2017 2016 % Change 2017 2016 % Change Revenue Transmission 379 373 1.6% $1,578 $1,584 (0.4%) Distribution 1,049 1,228 (14.6%) 4,366 4,915 (11.2%) Distribution (Net of Purchased Power) 387 370 4.6% 1,491 1,488 0.2% Other
Slide 3: 2017 Fourth Quarter Financial Snapshot
2017 Fourth Quarter Financial Snapshot Financial Highlights: Financial Highlights ($M) – 4Q17 Year over Year Comparison • Revenue, net of power costs, for 4Q17 increased by 2.8%: 756 777 • Revenue increase reflects: Q4 2016 Q4 2017 – Higher transmission revenues driven by the OEB’s decision on 2017-
Slide 4: Regulatory Update
Regulatory Update 2017 – 2018 Transmission Rate Application • Regulatory approval received on September 28, 2017 with catch-up revenues from Jan 1, 2017 • Decision included reductions in planned capital expenditures, OM&A expenses, and in estimated tax savings from the IPO • Hydro One filed a Motion
Slide 5: Purpose, Values & Strategy
Purpose, Values & Strategy 4 TSX: H One of North America’s Largest Electric Utilities
Slide 6: 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 Inc. (HOI) Hydro One Limited HOL: Hydro One Inc. Universal Shelf3 S&P A / A-1/ negative1 $8B 2,300 926 DBRS A (high) / R-1 (low) / stable H
Slide 7: Common Share Dividends
Common Share Dividends Key Points Dividend Statistics • Quarterly dividend of $0.22 per share ($0.88 Yield1 3.9% annualized) Annualized Dividend2,3 $0.88 / share • Targeted dividend payout ratio remains at 70% - 80% of net income (1) Based on closing share price on December 29, 2017 (2) Unless indic
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