Slide 1: Third Quarter 2018 Earnings Teleconference
Third Quarter 2018 Earnings Teleconference November 8th, 2018
Slide 2: 3Q18 Financial Summary
HYDRO ONE LIMITED 3Q18 FINANCIAL SUMMARY Third Quarter YTD ($ millions) 2018 2017 % Change 2018 2017 % Change Revenue Transmission $493 $471 4.7% $1,344 $1,199 12.1% Distribution 1,103 1,040 6.1% 3,284 3,317 (1.0%) Distribution (Net of Purchased Power) 370 365 1.4% 1,126 1,104 2.0% Other 10 11 (9.1%
Slide 3: 3Q18 Financial Highlights
3Q18 FINANCIAL HIGHLIGHTS Favourable weather coupled with continued efficiencies in operations, maintenance and administrative (OM&A) costs led to positive earnings Financial Highlights ($M) – 3Q18 Year over Year Comparison Financial Highlights: Revenue for 3Q18, net of purchased power, increased by
Slide 4: Regulatory Update
REGULATORY UPDATE 2018 – 2022 Distribution Rate Application • Oral hearing related to Hydro One Networks’ application for 2018-2022 distribution rates was held on June 11-28, 2018. • On July 20, 2018, Hydro One submitted its Argument-in-Chief. Intervenors had until August 10, 2018 to respond. Hydro
Slide 5: Strong Balance Sheet and Liquidity
STRONG BALANCE SHEET AND LIQUIDITY Investment grade balance sheet with one of lowest debt costs in utility sector Significant Available Liquidity ($M) Strong Investment Grade Credit Ratings (LT/ST/Outlook) Shelf Registrations 250 Hydro One Inc. (HOI) Hydro One Limited Hydro One Inc. HOL: Universal S
Slide 6: Common Share Dividends
COMMON SHARE DIVIDENDS Consecutive annual 5% increase to dividend announced on May 15th, 2018 Key Points Dividend Statistics • Quarterly dividend increased to $0.23 per share ($0.92 annualized) Yield1 4.7% • Targeted dividend payout ratio remains at 70% - 80% of net income Annualized Dividend2,3 $0.
Slide 7: Independent Board of Directors
INDEPENDENT BOARD OF DIRECTORS Tom Woods Currently a Director of Bank of America Corporation, Alberta Timothy Hodgson Currently Managing Partner of Alignvest Capital Management. Investment Management Corporation, Providence St. Joseph’s St. Michael’s Health Previously, Special Advisor to Governor Ma
Slide 8: 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