Slide 1: First Quarter 2021 Earnings Teleconference
First Quarter 2021 Earnings Teleconference May 7, 2021 One of North America’s largest electric utilities TSX:H
Slide 2: 1Q21 Financial summary
1Q21 Financial summary First Quarter Year End (millions of dollars, except EPS) 2021 2020 % Change 2020 2019 % Change Revenue Transmission 448 400 12.0% 1,740 1,652 5.3% Distribution 1,354 1,439 (5.9%) 5,507 4,788 15.0% Distribution (Net of Purchased Power) 460 432 6.5% 1,653 1,677 (1.4%) Other 9 11
Slide 3: 1Q21 Financial summary
1Q21 Financial summary Hydro One’s focus on customer advocacy, partnership, and long-term financial stability results in positive performance Selected Financial Highlights: Financial Highlights ($M) –1Q20 Year over Year Comparison Transmission revenues increased by 12.0% during the quarter ended Mar
Slide 4: Constructive rate regulator (OEB)
Constructive rate regulator (OEB) Consistent, independent regulator with a transparent rate-setting process • Transmission and Distribution businesses rate-regulated by the Ontario Energy Board (OEB) • Deemed debt / equity ratio of 60% / 40% for both transmission and distribution segments • Reduced
Slide 5: Strong balance sheet and liquidity
Strong balance sheet and liquidity (as at March 31, 2021) Investment grade balance sheet with one of lowest debt costs in utility sector Significant available liquidity ($M) Strong investment grade debt ratings (long-term/short-term/outlook) Shelf registrations Hydro One Ltd. (HOL) Hydro One Inc. (H
Slide 6: Common share dividends
Common share dividends Quarterly dividend declared at $0.2663 per common share 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 • Attrac
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