Fortis Inc. · TSX:FTS
Fortis — TD ESG Forum 2019
22 slides from Fortis's conference presentation, October 2019
Slide 1: Sustainability... How We Do Everything. TD ESG Forum
SUSTAINABILITY…. HOW WE DO EVERYTHING. TD ESG FORUM October 2019
Slide 2: Forward Looking Information
FORWARD LOOKING INFORMATION Fortis includes forward-looking information in this presentation within the meaning of applicable Canadian securities laws and forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (collectively referred to as "forward-looki
Slide 3: Focused Strategy
FOCUSED STRATEGY STRATEGY Leverage the operating model, 6% footprint of our businesses, operating expertise, reputation Average Annual Dividend and financial strength to execute Focused on Growth Target through 2024 on growth opportunities Growth AREAS OF FOCUS: Capital Customer & Sustainability & S
Slide 4: A Geographically Diverse Energy Delivery Business
A Geographically Diverse Energy Delivery Business 4
Slide 5: High Quality Portfolio Operations
HIGH QUALITY PORTFOLIO 10 OPERATIONS Canada, U.S. & Caribbean 3.3M CUSTOMERS 2.0M Electric & 1.3M Gas ~99% REGULATED UTILITY ASSETS ~93% TRANSMISSION & DISTRIBUTION $28B 2019F RATE BASE ~66% EARNINGS FROM THE U.S. Note: All information as at June 30, 2019 5
Slide 6: Environmental Commitment
FORTIS... ENVIRONMENTAL COMMITMENT
Slide 7: Primarily an Energy Delivery Business
PRIMARILY AN ENERGY DELIVERY BUSINESS 93% of our assets relate to electricity poles, wires and natural gas lines that enable a cleaner energy future 7
Slide 8: Primarily an Energy Delivery Business
PRIMARILY AN ENERGY DELIVERY BUSINESS Asset Composition ~183,000 kms Energy Delivery Electricity Transmission & 93% Distribution Lines ~57,000 kms Natural Gas T&D Lines Fossil-Fuel Based Renewables Generation 5% Generation 2% 8
Slide 9: Our Environmental Performance
OUR ENVIRONMENTAL PERFORMANCE Renewable Electricity GHG Intensity Generated Biofuel, Solar and Hydroelectric Combined Energy Delivery to Customers Drivers of Improvement: (GWh) (ktonnes of CO2 equivalent per PJ) • Increase in energy delivery with 3,063 ITC acquisition 26 • Additional renewables Driv
Slide 10: Path to Cleaner Energy
PATH TO CLEANER ENERGY Generation Shifting from Fossil Fuel to Solar and Wind Projects Capital Investment in a Electric Vehicle Penetration Green and Resilient Grid Renewable Gas at Energy Efficiency FortisBC CLEANER ENERGY 10
Slide 11: ITC Building the Grid of the Future
ITC BUILDING THE GRID OF THE FUTURE New 3GW and 7GW of battery storage in ~16,000 Technologies MISO and SPP queues Miles of Transmission & 560 82GW and 91GW of additional renewable Substations Generation Shifts capacity in MISO & SPP queues ~6,600MW Hardening of physical assets and Wind Energy Conne
Slide 12: Arizona Focused on Renewables
ARIZONA FOCUSED ON RENEWABLES TEP’s RESOURCE TRANSITION % Renewable Energy Renewable Energy Production of 28% by 2021 (1) Projects developed through purchase power agreements 12
Slide 13: TEP Collaborating with Local University to Create New Goals
TEP COLLABORATING WITH LOCAL UNIVERSITY TO CREATE NEW GOALS TEP’s TEP’s Renewable Current Energy Mix Target Developing New Carbon 28% 30% Emission Goals With 13% University of Arizona’s Institute of the Environment 2018 2021 2030 13
Slide 14: Leading Innovation at FortisBC
LEADING INNOVATION AT FORTISBC Renewable Gas Natural Gas for Road and Marine Transportation FortisBC reducing GHG emissions associated with Electric Vehicles Energy Conservation & customers’ energy use 30% by 2030 Efficiency Incentive Program 14
Slide 15: Social Commitment
FORTIS... SOCIAL COMMITMENT
Slide 16: Our Social Commitment
OUR SOCIAL COMMITTMENT ACTIVE IN THE STABLE SAFETY A TOP PRIORITY FOCUS ON DIVERSITY COMMUNITIES WE SERVE WORKFORCE 16
Slide 17: Committed to Safety and Reliability for Employees and Customers
COMMITTED TO SAFETY AND RELIABILITY FOR EMPLOYEES AND CUSTOMERS SAFETY RELIABILITY All Injury Frequency Rate Electricity Customer Average Outage (1) 2.5 Duration (Hours) 4.5 2.0 4.0 1.90 3.5 1.5 1.53 3.0 2.5 1.0 2.0 1.5 0.5 1.0 0.5 0.0 0.0 2014 2015 2016 2017 2018 2014 2015 2016 2017 2018 Fortis For
Slide 18: Collaborating on Innovation: Energy Impact Partners Fund
COLLABORATING ON INNOVATION A FUND Energy Impact Partners BY UTILITIES, FOR UTILITIES Cleantech 14 utility partners Energy Fund 85M households $300B+ market cap $60B+ annual capex Investing in the Future of Intelligent Operations Customer Engagement Distribution Energy Resources Energy Mobility & Sm
Slide 19: Governance Commitment
FORTIS... GOVERNANCE COMMITMENT
Slide 20: Board Structure
BOARD STRUCTURE 42% Douglas J. Haughey FEMALE Chair of the Board BOARD MEMBERS 50%/50% U.S./CANADA RESIDENCY Barry Perry* Tracey C. Ball Pierre J. Blouin Paul J. Bonavia Lawrence T. Borgard Maura J. Clark President & CEO, Fortis Chair of the Audit Committee 100% HAVE SENIOR EXECUTIVE EXPERIENCE Marg
Slide 21: Corporate Governance Approach
CORPORATE GOVERNANCE APPROACH Governance & Human Audit Responsibility Matrix Board Nominating Resources Committee Committee Committee Committed to High Strategy Governance Standards Executive Succession Planning Executive Compensation 10 Subsidiary Boards Board Assessment and Renewal Comprised of Ma
Slide 22: Sustainability... How We Do Everything
SUSTAINABILITY….HOW WE DO EVERYTHING Ranked Top Decile on Focused on Delivering Governance Matters Cleaner Energy • Ranked in top 15 of Globe & Mail Board Games for past four years(1) • FortisBC GHG emission goal set to reduce • ISS and Glass Lewis supportive of all resolutions customer‘s energy use