Fortis Inc. · TSX:FTS
Fortis — Non-Deal Roadshow (December 2022)
19 slides from Fortis's roadshow presentation, Dec 15, 2022
Slide 1: Board Shareholder Engagement
BOARD SHAREHOLDER ENGAGEMENT December 15, 2022
Slide 2: 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-looki
Slide 3: Agenda and Meeting Objectives
AGENDA Welcome Introductions and Board Participants Board Update About the Board Sustainability Approach to Executive Douglas J. Haughey Jo Mark Zurel Incoming Chair Maura J. Clark Pierre J. Blouin Julie A. Dobson Chair of the Board Chair of Audit Chair of Governance & Chair of Human Succession & Co
Slide 4: Purpose Statement - Delivering a Cleaner Energy Future
AGENDA Purpose Statement - Delivering a Cleaner Energy Future Welcome Board Update Our Values: Board’s Role: About the Board Oversee strategy and risk for the purpose of delivering long term sustainable value for our Sustainability shareholders and other stakeholders Approach to Executive Three Dist
Slide 5: 2022 Board Advancements at a Glance
AGENDA Welcome Board Update 2022 Board Advancements At A Glance About the Board Strategy Succession Planning Sustainability Leadership diversity Sustainability ✓ Focused on organic growth ✓ New director appointed in ✓ Released inaugural TCFD ✓ Linked executive and Climate Assessment and delivery of
Slide 6: Board of Directors
Board of Directors AGENDA Welcome Board Update About the Board Douglas J. Haughey David G. Hutchens Tracey C. Ball Pierre J. Blouin Sustainability Chair of the Board Approach to Executive Succession & Compensation Conclusion Feedback and Q&A Paul J. Bonavia Lawrence T. Borgard Maura J. Clark Lisa Cr
Slide 7: Diverse Board and Governance Practices
AGENDA Welcome Diverse Board Board Targets Board Update About the Board ✓ Independent Chair ✓ At least 40% of the board’s independent directors represented by women Sustainability ✓ 12 of 13 directors are independent ✓ At least two directors who are a visible minority and/or Indigenous person Approa
Slide 8: Governance Overview
AGENDA Governance Overview Welcome ✓ Holding company with significant subsidiaries ✓ Annual advisory vote on executive pay governed by their own board of directors ✓ Benchmarking done for competitiveness Board Update comprising of a majority of independent directors ✓ Compensation clawback policy to
Slide 9: Board Strategy Oversight
AGENDA Welcome Board Strategy Board Update About the Board Sustainability Overview Strategy Builds on Durable Key Strategic Priorities Competitive Advantages Approach to Executive ✓ Board continuously engaged ✓ Focus on regulated energy ✓ Capex supporting cleaner Succession & Compensation on the dev
Slide 10: Committee Structure and Responsibility Matrix
Board of Directors AGENDA Welcome Committee Structure Governance & Human Audit Committee Sustainability Resources Board Update Committee Committee About the Board Governance & Human Sustainability Resources Audit Sustainability Responsibility Matrix Board Committee Committee Committee Approach to Ex
Slide 11: Enterprise Risk Management & Cybersecurity
AGENDA Enterprise Risk Management (ERM) Welcome & Cybersecurity Board Update About the Board ERM Cybersecurity Oversight Sustainability ✓ The Board is responsible for oversight of the material risks and ✓ Our cybersecurity strategy is based on our cybersecurity risk related mitigation strategies man
Slide 12: ESG Leadership
AGENDA Welcome ESG Leadership Board Update About the Board Environmental Social Governance ✓ 93% energy delivery assets ✓ Strong safety culture and commitment to ✓ Independent Chair; 12 of 13 directors Sustainability ✓ Scope 1 GHG emissions reduction target of 75% employee well-being are independent
Slide 13: Sustainability: A Year of Execution - Reporting
AGENDA Sustainability: A Year of Execution Welcome Reporting to Inform Stakeholders Board Update About the Board Inaugural 2022 TCFD and 2022 Sustainability Report Sustainability Climate Assessment Report Approach to Executive • Climate scenarios looking at how • Over 35 new key performance indicato
Slide 14: Sustainability: Pathway to Net-Zero
AGENDA Sustainability: A Year of Execution Welcome Pathway to Net-Zero Board Update 2019 About the Board Achieved 20% GHG Emissions Reduction Since 2019 Sustainability 2021 50% GHG Emissions Reduction Target Coal-Free Generation Mix Approach to Executive Succession & Compensation 2030 2032 2035 Net-
Slide 15: Executive Succession and Leadership Transition
AGENDA 2022 Welcome Executive Succession Executive Changes Board Update About the Board Leadership Transition Sustainability • Human Resources Committee is responsible for the development Approach to Executive and succession of senior management which is reviewed regularly Succession & Compensation
Slide 16: Executive Compensation Changes
AGENDA 2022 Compensation Welcome Executive Compensation Changes Long-Term Incentives Board Update ✓ Eliminated new stock option awards for Canadian executives to harmonize About the Board Objectives incentive mix for all executives ✓ Implemented double trigger change of • Fair compensation Sustainab
Slide 17: Ongoing Board Priorities
AGENDA Welcome Ongoing Board Priorities Board Update About the Board Areas of Focus Sustainability • Oversight of strategy and cleaner energy transition Approach to Executive Succession & Compensation • Enterprise risk management including regulation, cybersecurity, climate adaptation, energy securi
Slide 18: Board Shareholder Engagement: Supportive of Value Proposition
AGENDA Board Shareholder Engagement Welcome Supportive of Value Proposition Board Update About the Board Sustainability Strong ESG Board Aligned on STRATEGY Governance Leader Approach to Executive MODEL Succession & Compensation Conclusion SAFE, Strong Geographic & WELL-RUN Executive Regulatory Feed
Slide 19: Feedback & Questions
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