Fortis Inc. · TSX:FTS
Fortis — Shareholder Meeting (May 2018)
26 slides from Fortis's shareholder meeting presentation, May 3, 2018
Slide 1: Welcome to the Fortis Annual Meeting: Investing in Our Networks
Welcome to the Fortis Annual Meeting Investing in Our Networks May 3, 2018
Slide 2: Douglas Haughey, Chair of the Board
Douglas Haughey Chair of the Board
Slide 3: Michael Mulcahy
Michael Mulcahy A FORTIS... tet ingefe * -* A 4
Slide 4: Douglas Haughey, Chair of the Board
Douglas Haughey Chair of the Board
Slide 5: Barry Perry, President and CEO
Barry Perry President and CEO
Slide 6: Leadership Team
Leadership Team Karl Smith Phonse Delaney Nora Duke EVP, Chief Financial EVP, Chief Information EVP, Sustainability Officer Officer & Chief HR Officer David Hutchens Jim Laurito Jocelyn Perry EVP, Western EVP, Business EVP, Chief Financial Utility Operations Development Officer* Jim Reid Gary Smith
Slide 7: Leadership Team
Leadership Team Peter Alteen Linda Apsey Karl Bomhof Roger Dall’Antonia President & CEO* President & CEO President & CEO President & CEO NF Power (Interim) ITC Holdings FortisAlberta FortisBC John Gaudet Scott Hawkes Richard Hew David Hutchens President & CEO President & CEO President & CEO Presiden
Slide 8: Investing in Our Networks
Investing in Our Networks
Slide 9: Forward-Looking Information
Forward-Looking Information Fortis includes "forward-looking information" in this presentation within the meaning of applicable Canadian securities laws and "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (collectively referred to as "forward-l
Slide 10: Successfully Achieved 2017 Key Objectives
Successfully Achieved 2017 Key Objectives Successful integration EXCEEDED of ITC $1 BILLION IN ADJUSTED NET EARNINGS - A FIRST IN OUR Constructive rate case HISTORY settlement in Arizona
Slide 11: Superior Total Shareholder Returns
Superior Total Shareholder Returns Average Annualized Total Shareholder Return … In 2017 Over the Last 10 Years Fortis 15.3% Fortis 8.8% S&P/TSX S&P/TSX 9.1% 4.7% Composite Index Composite Index S&P/TSX Capped S&P/TSX Capped 10.7% 5.6% Utilities Index Utilities Index For the ten year period ending D
Slide 12: Ten Utility Businesses, $49 Billion in Assets
Ten Utility Businesses $49 Billion in Assets
Slide 13: Karl Smith, EVP, Chief Financial Officer
Karl Smith Executive Vice President Chief Financial Officer
Slide 14: Delivered Strong Results in 2017
Delivered Strong Results in 2017 Reinforcing the Strength of Fortis as a North American Utility Leader $1.05B $2.53 10% 47% Adjusted Adjusted Earnings EPS $2.8B 46% $2.32 23% CFFO Reported EPS
Slide 15: First Quarter 2018 Results Aligned With Expectations
First Quarter 2018 Results Aligned With Expectations $293M $0.69 3% Adjusted 2% Adjusted Earnings EPS $600M 9% $0.77 7% CFFO Reported EPS
Slide 16: Investment-Grade Credit Ratings and Ample Liquidity
Investment-Grade Credit Ratings and Ample Liquidity Credit Ratings Credit Facilities (1) 7.0 A- / BBB+ 6.0 5.0 ($ billions) BBB (high) 4.0 3.7 3.0 3.9 2.0 Baa3 1.0 2.2 1.1 0.0 Dec 31/16 Dec 31/17 Utilized Remaining Capacity (1) In March 2018, S&P affirmed the Corporation’s credit ratings. The outloo
Slide 17: Barry Perry, President and CEO
Barry Perry President and CEO
Slide 18: We have more than doubled our size in the last 5 years
We have more than DOUBLED our size in the last 5 years with 3 successful utility acquisitions in the United States.
Slide 19: Our Five-Year Capital Program (2018-2022) $15.1 billion
Our Five-Year Capital Program (2018-2022) $15.1 billion
Slide 20: Wataynikaneyap Power
WATAYNIKANEYAP POWER 17 Remote First Nations Communities 1,800 Kilometres of Transmission Lines
Slide 21: Bringing more renewable energy onto the grid
We are focused on bringing more renewable energy on to the grid while maintaining a strong reliable system.
Slide 22: Our Hurricane Irma Response
Our Hurricane Irma Response – Turning the lights back on in less than 60 days.
Slide 23: Celebrating 30 Years of Trading On The Toronto Stock Exchange
Celebrating 30 Years of Trading On The Toronto Stock Exchange “One of Canada's most successful investor owned utilities extends its horizons” - Fortis Inc. Annual Report 1987
Slide 24: 44 Years of Consecutive Annual Dividend Growth
44 Years of Consecutive Annual Dividend Growth $ 1.80 1.60 1.40 1.20 1.00 0.80 0.60 0.40 0.20 0.00 72 74 76 78 80 82 84 86 88 90 92 94 96 98 00 02 04 06 08 10 12 14 16 18F
Slide 25: Average Annual Dividend Growth
Average Annual Dividend Growth Target Through 2022 Annual Dividend Increase ~6% per year
Slide 26: Investing in Our Networks
Investing in Our Networks