Slide 1: Third Quarter 2022 Earnings Teleconference
Third Quarter 2022 Earnings Teleconference November 11, 2022 One of North America’s largest electric utilities TSX:H
Slide 2: 3Q22 Financial summary
3Q22 Financial summary Third Quarter Year to Date (millions of dollars, except earnings per share (EPS)) 2022 2021 % Change 2022 2021 % Change Revenues Transmission 562 507 10.8% 1,597 1,403 13.8% Distribution 1,458 1,395 4.5% 4,289 4,012 6.9% Distribution Revenues (Net of Purchased Power)2 495 462
Slide 3: 3Q22 Financial summary
3Q22 Financial summary The Company filed a settlement agreement on the Joint Rate Application (JRAP) that will enable investment in infrastructure to meet the needs of our customers, build a grid for the future, and support Ontario's economic growth Selected Financial Highlights: Financial Highlight
Slide 4: Strong balance sheet and liquidity
Strong balance sheet and liquidity (as at September 30, 2022) Investment grade balance sheet with one of lowest debt costs in utility sector Significant available liquidity ($M) Strong investment grade debt ratings (long-term/short-term/outlook) Shelf registrations Hydro One Ltd. (HOL) Hydro One Inc
Slide 5: Common share dividends
Common share dividends A Growing and Sustainable Dividend4 Key Points • Quarterly dividend declared at $0.2796 per common 0.13 share ($1.1184 annualized) • Targeted dividend payout ratio remains at 70% - 80% of net income 1.0023 1.0525 0.9545 • Attractive and growing dividend supported by stable, 0.
Slide 6: Disclaimers
Disclaimers Forward Looking Information This presentation contains “forward-looking information” within the meaning of applicable Canadian securities laws that is based on current expectations, estimates, forecasts and projections about Hydro One’s business and the industry in which Hydro One operat