Hydro One Limited · TSX:H
Hydro One — CIBC Institutional Investor Conference 2016
11 slides from Hydro One's conference presentation, Sep 21, 2016
Slide 1: CIBC Institutional Investor Conference
CIBC Institutional Investor Conference September 21, 2016 One of North America’s largest electric utilities TSX: H
Slide 2: 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
Slide 3: Investment Overview
Investment Overview • One of the largest electric utilities in North America, with a market capitalization of +$15 billion • Significant scale and leadership position in Ontario, home to ~38% of Canada’s population • Transmission network serves 96% of Ontario, together with a local distribution netw
Slide 4: Hydro One at a Glance (Full Year 2015)
Hydro One at a Glance (Full Year 2015) Total Revenue (Hydro One Limited) Overview of Regulated Business (Hydro One Inc.) Revenue Net of Purchased Power1 EBIT 40% 49% $3,035M 51% Total Assets $1,222M 60% Unregulated 99% $6.5 Billion Regulated 1% 43% Capital Investments $21.3B Rate Base2 57% 43% 40% $
Slide 5: Strategic Focus
Strategic Focus • Reinvigorated focus on integrating customer needs into business decision making • Increased concentration on efficiency and productivity • Accelerating effectiveness and efficiency of capital deployment as stewards of the grid • Making Hydro One a more rewarding and safer place to
Slide 6: Regulated Capital Investment
Regulated Capital Investment Projected Capital Investments* ($M) Projected Rate Base Growth* $1,643 $1,612 $1,668 $1,750 $1,652 $21,454 $20,279 $19,300 $18,441 $17,626 $16,914 $729 $706 $692 $690 $663 $937 $920 $978 $1,021 $989 2016 2017 2018 2019 2020 2015 2016 2017 2018 2019 2020 Transmission Dist
Slide 7: 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 8: Constructive Rate Regulator (OEB)
Constructive Rate Regulator (OEB) • Transmission and distribution businesses rate-regulated by the Ontario Energy Board (OEB) • Deemed debt / equity ratio of 60% / 40% for both transmission and distribution segments • Hydro One has earned or exceeded its allowed ROE on a consolidated basis over past
Slide 9: Equity Market Cap Overview
Equity Market Cap Overview • 595 million common shares outstanding, listed on Toronto Stock Exchange (TSX:H) • Equity market capitalization of ~$15 billion and public float of ~$4.5 billion • Average daily trading volume of ~1 million shares • Equity market capitalization amongst the top 30 of all l
Slide 10: Why Invest in Hydro One
Why Invest in Hydro One • One of the largest electric utilities in North America with significant scale and leadership position in Canada’s most populated province • Unique combination of electric transmission and local distribution, with no material exposure to commodity prices or generation • 99%
Slide 11: CIBC Institutional Investor Conference
CIBC Institutional Investor Conference September 21, 2016 One of North America’s largest electric utilities TSX: H
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