Slide 1: Second Quarter 2021 Earnings Teleconference
Second Quarter 2021 Earnings Teleconference August 10, 2021 One of North America’s largest electric utilities TSX:H
Slide 2: 2Q21 Financial summary
2Q21 Financial summary Second Quarter Year-to-Date (millions of dollars, except EPS) 2021 2020 % Change 2021 2020 % Change Revenue Transmission 448 459 (2.4)% 896 859 4.3% Distribution 1,263 1,201 5.2% 2,617 2,640 (0.9)% Distribution (Net of Purchased Power) 425 393 8.1% 885 825 7.3% Other 11 10 10.
Slide 3: 2Q21 Financial summary
2Q21 Financial summary The customer focused 2023-2027 investment plan supports economic growth and builds a smarter, more sustainable and resilient grid for the future Selected Financial Highlights: Financial Highlights ($M) –2Q21 Year over Year Comparison Transmission revenues decreased by 2.4% dur
Slide 4: Strong balance sheet and liquidity
Strong balance sheet and liquidity (as at June 30, 2021) Investment grade balance sheet with one of lowest debt costs in utility sector Significant available liquidity ($M) Strong investment grade debt ratings (long-term/short-term/outlook) Shelf registrations Hydro One Ltd. (HOL) Hydro One Inc. (HO
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 net income 1.0023 0.9545 • Attractive and growing dividend supported by stable, 0.84 0.87
Slide 6: Disclaimers
Disclaimers 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 operates and includes beliefs of a