Hydro One Limited · TSX:H
Hydro One — Q4 2020 Earnings Presentation
7 slides from Hydro One's earnings presentation, Feb 24, 2021
Slide 1: Fourth Quarter 2020 Earnings Teleconference
Fourth Quarter 2020 Earnings Teleconference February 24th, 2021 One of North America’s largest electric utilities TSX:H
Slide 2: 4Q20 Financial Summary
HYDRO ONE LIMITED 4Q20 FINANCIAL SUMMARY Fourth Quarter Year End (millions of dollars, except EPS) 2020 2019 % Change 2020 2019 % Change Revenue Transmission 398 407 (2.2%) 1,740 1,652 5.3% Distribution 1,457 1,298 12.2% 5,507 4,788 15.0% Distribution (Net of Purchased Power) 411 384 7.0% 1,653 1,67
Slide 3: 4Q20 Financial Summary
HYDRO ONE LIMITED 4Q20 FINANCIAL SUMMARY Hydro One’s focus on customer advocacy, partnership, and long-term financial stability results in positive performance Selected Financial Highlights: The year-over-year decrease of $9 million or 2.2% in quarterly transmission revenues was primarily due to the
Slide 4: Constructive Rate Regulator (OEB)
CONSTRUCTIVE RATE REGULATOR (OEB) Consistent, independent regulator with a transparent rate-setting process • Transmission and Distribution businesses rate-regulated by the Ontario Energy Board (OEB) • Deemed debt / equity ratio of 60% / 40% for both transmission and distribution segments • Reduced
Slide 5: Strong Balance Sheet and Liquidity
STRONG BALANCE SHEET AND LIQUIDITY (as at December 31, 2020) Investment grade balance sheet with one of lowest debt costs in utility sector Significant Available Liquidity ($M) Strong Investment Grade Debt Ratings (Long-Term / Short-Term / Outlook) Shelf Registrations 250 Hydro One Limited Hydro One
Slide 6: 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 3.5% • Targeted dividend payout ratio remains at 70% - 80% of net income Annualized Dividend2,3 $1.0144
Slide 7: 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