Slide 1: Second Quarter 2020 Earnings Teleconference
Second Quarter 2020 Earnings Teleconference August 11th, 2020 One of North America’s largest electric utilities TSX:H
Slide 2: Hydro One Responds to COVID-19
HYDRO ONE RESPONDS TO COVID-19 How our customers are being supported We announced a Pandemic Relief Fund to assist customers affected by the COVID-19 and offer financial assistance as well as increased payment flexibility to customers. Hydro One temporarily suspended late payment fees for all custom
Slide 3: Sustainability at Hydro One
SUSTAINABILITY AT HYDRO ONE For Hydro One, sustainability means that we are committed to operating safely in an environmentally and socially responsible manner and to partnering with our customers and community stakeholders to build a brighter future for all Approach to Sustainability A Matrix of 10
Slide 4: 2Q20 Financial Summary
HYDRO ONE LIMITED 2Q20 FINANCIAL SUMMARY Second Quarter YTD (millions of dollars, except EPS) 2020 2019 % Change 2020 2019 % Change Revenue Transmission $459 $374 22.7% $859 $802 7.1% Distribution 1,201 1,029 16.7% 2,640 2,350 12.3% Distribution (Net of Purchased Power) 393 376 4.5% 825 890 (7.3%) O
Slide 5: 2Q20 Financial Summary
HYDRO ONE LIMITED 2Q20 FINANCIAL SUMMARY Hydro One energizes life in Ontario with a focus on sustainability and the safe return to normal operations while supporting customers and communities Selected Financial Highlights: Revenues Net of Purchased Power increased by 13.4% during the quarter ended J
Slide 6: Constructive Rate Regulator (OEB)
CONSTRUCTIVE RATE REGULATOR (OEB) Consistent, independent regulator with a transparent rate-setting process • Transmission and Distribution businesses rate-regulated by the Ontario Energy Board (OEB) • Deemed debt / equity ratio of 60% / 40% for both transmission and distribution segments • Reduced
Slide 7: Strong Balance Sheet and Liquidity
STRONG BALANCE SHEET AND LIQUIDITY (as at June 30, 2020) Investment grade balance sheet with one of lowest debt costs in utility sector Significant Available Liquidity ($M) Strong Investment Grade Credit Ratings (LT/ST/Outlook) Shelf Registrations 250 Hydro One Limited Hydro One Inc. (HOI) Hydro One
Slide 8: Common Share Dividends
COMMON SHARE DIVIDENDS Quarterly dividend declared at $0.2536 per common share Key Points Dividend Statistics • Quarterly dividend declared at $0.2536 per common share ($1.0144 annualized) Yield1 4.0% • Targeted dividend payout ratio remains at 70% - 80% of net income Annualized Dividend2,3 $1.0144
Slide 9: 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 illustrate p