Slide 1: Fourth Quarter 2016 Earnings Teleconference
Fourth Quarter 2016 Earnings Teleconference February 10, 2017 One of North America’s largest electric utilities TSX: H
Slide 2: Hydro One Limited – Fourth Quarter Financial Summary
Hydro One Limited – Fourth Quarter Financial Summary Fourth Quarter Full Year ($ millions) 2016 2015 % Change 2016 2015 % Change Revenue Transmission $373 $361 3.3% $1,584 1,536 3.1% Distribution 1,228 1,148 7.0% 4,915 4,949 (0.7%) Distribution (Net of Purchased Power) 370 362 2.2% 1,488 1,499 (0.7%
Slide 3: 2016 Fourth Quarter Financial Highlights
2016 Fourth Quarter Financial Highlights Financial Highlights ($M) – 4Q16 Year over Year Comparison Key drivers 736 756 • Revenue, net of power costs, for 4Q16 and full year increased 2.7% and 1.2%, respectively: Q4 2015 Q4 2016 • For the 4Q16, revenues increases reflect: 474 380 Higher average mo
Slide 4: Updated Regulated Capital Investment Program
Updated Regulated Capital Investment Program Projected Capital Investments* ($M) Projected Rate Base Growth* $2,235 $1,988 $2,013 $23,392 $1,734 $1,779 $22,140 $749 $20,885 $19,824 $17,831 $18,672 $771 $735 $648 $647 $1,486 $1,132 $1,217 $1,278 $1,086 2017 2018 2019 2020 2021 2016 2017 2018 2019 202
Slide 5: Strong Balance Sheet and Liquidity at 12/31/2016
Strong Balance Sheet and Liquidity at 12/31/2016 Significant Available Liquidity ($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) / s
Slide 6: Regulatory Update
Regulatory Update 2017 – 2018 Transmission Rate Application 2018 – 2022 Distribution Rate Application • Oral hearing phase concluded in December • Filing planned for end of first quarter 2017 • Final intervener submissions completed February 1 • Application to be made under the Incentive Rate Mechan
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