Slide 1: Fourth Quarter 2021 Earnings Teleconference
Fourth Quarter 2021 Earnings Teleconference February 25, 2022 One of North America’s largest electric utilities TSX:H
Slide 2: 4Q21 Financial summary
4Q21 Financial summary Fourth Quarter Year-to-Date (millions of dollars, except EPS) 2021 2020 % Change 2021 2020 % Change Revenue Transmission $421 $398 5.8% $1,824 $1,740 4.8% Distribution 1,347 1,457 (7.5)% 5,359 5,507 (2.7)% Distribution Revenues(Net of Purchased Power)2 433 411 5.4% 1,780 1,653
Slide 3: 4Q21 Financial summary
4Q21 Financial summary The Company continues to support its customers and communities while focusing on economic growth, sustainability and innovation Selected Financial Highlights: The year-over-year increase of $23 million or 5.8% in quarterly transmission revenues was primarily due to the Financi
Slide 4: Strong balance sheet and liquidity
Strong balance sheet and liquidity (as at December 31, 2021) Investment grade balance sheet with one of lowest debt costs in utility sector Significant available liquidity ($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 $0.2663 per common 0.13 share ($1.0652 annualized) • Targeted dividend payout ratio remains at 70% - 80% of 1.0525 net income 1.0023 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