Slide 1: First Quarter 2017 Earnings Teleconference
First Quarter 2017 Earnings Teleconference May 4, 2017 One of North America’s largest electric utilities TSX: H
Slide 2: Hydro One Limited – First Quarter Financial Summary
Hydro One Limited – First Quarter Financial Summary First Quarter Full Year ($ millions) 2017 2016 % Change 2016 2015 % Change Revenue Transmission $367 $386 (4.9%) $1,584 $1,536 3.1% Distribution 1,279 1,286 (0.5%) 4,915 4,949 (0.7%) Distribution (Net of Purchased Power) 390 390 - 1,488 1,499 (0.7%
Slide 3: Common Share Dividend Increase
Common Share Dividend Increase Key Points Dividend Statistics Yield1 3.6% • Quarterly dividend increased 5% to $0.22 per share ($0.88 annualized); announced May 4, Annualized Dividend2,3 $0.88 / share 2017 (1) Based on closing share price on March 31, 2017 (2) Unless indicated otherwise, all common
Slide 4: 2017 First Quarter Financial Highlights
2017 First Quarter Financial Highlights Key drivers Financial Highlights ($M) – 1Q17 Year over Year Comparison • Revenue, net of power costs, for 1Q17 decreased 2.7%: 790 769 • Revenue decrease reflects: Q1 2016 Q1 2017 Lower average Ontario Transmission peak demand and lower Distribution energy 4
Slide 5: Regulatory Update
Regulatory Update 2018 – 2022 Distribution Rate Application • Filing made March 31, 2017 under the Custom Incentive Rate Making approach • 2018 is considered “rebasing” year where a cost of service forward test year rate model is applied • Revenue requirement for ensuing four years determined by i)
Slide 6: Strong Balance Sheet and Liquidity
Strong Balance Sheet and Liquidity Significant Available Liquidity ($M) Strong Investment Grade Credit Ratings (LT/ST/Outlook) Shelf Registrations 250 Hydro One Limited Hydro One Inc. (HOI) HOL: Hydro One Inc. Universal Shelf1 S&P A / A-1/ stable $8B 2,300 DBRS A (high) / R-1 (low) / stable HOI: Med
Slide 7: Disclaimers
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