Slide 1: Third Quarter 2020 Earnings Teleconference
Third Quarter 2020 Earnings Teleconference November 6th, 2020 One of North America’s largest electric utilities TSX:H
Slide 2: 3Q20 Financial Summary
HYDRO ONE LIMITED 3Q20 FINANCIAL SUMMARY Third Quarter YTD (millions of dollars, except EPS) 2020 2019 % Change 2020 2019 % Change Revenue Transmission 483 443 9.0% 1,342 1,245 7.8% Distribution 1,410 1,140 23.7% 4,050 3,490 16.0% Distribution (Net of Purchased Power) 417 403 3.5% 1,242 1,293 (3.9%)
Slide 3: 3Q20 Financial Summary
HYDRO ONE LIMITED 3Q20 FINANCIAL SUMMARY Hydro One’s focus on customer advocacy, partnership, and long-term financial stability results in positive performance Selected Financial Highlights: Revenues Net of Purchased Power increased by 6.3% during the quarter ended September 30 st, 2020 compared to
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 September 30, 2020, except where noted) 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
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 3.6% • 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