Slide 1: Retail Presentation Q2 2025
RETAIL PRESENTATION Q2 2025 FORTIS...
Slide 2: Forward Looking Information
FORWARD LOOKING INFORMATION Fortis includes forward-looking information in this presentation within the meaning of applicable Canadian securities laws and forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (collectively referred to as "forward-looki
Slide 3: Fortis at a Glance
FORTIS AT A GLANCE TSX/NYSE: FTS 93% transmission and distribution assets 10 regulated utilities in Canada, U.S., and Caribbean 3.5 million electricity and gas customers 9,800 dedicated employees 99% Regulated utility assets $5.2 billion 2025F Capital expenditures $40.7 billion 2025F rate base ~10%
Slide 4: Our Common Ground
OUR COMMON GROUND Provision of Safe & Reliable Service Good Governance Priority #1 Fortis Ranked #1 out of 215 S&P/TSX companies in The Globe & Mail 2024 Board Games • Health and safety of our employees, customers and contractors • Utilities operate within the parameters of common policies and best
Slide 5: Five-Year Plan Highlights
FIVE-YEAR PLAN HIGHLIGHTS Capital Rate Funding Dividend Expenditures Base Plan Growth $26B 6.5% >12% 4-6% 2025-2029 2024-2029 Average Cash Flow Annual Dividend Growth Capital Plan CAGR To Debt Metrics Guidance Extended to 2029 58% ~$14B ~59% ~4% Expected in Increase to $53B Funded by Cash From Q4 20
Slide 6: Additional Opportunities to Expand and Extend Growth Beyond the Plan
ADDITIONAL OPPORTUNITIES TO EXPAND AND EXTEND GROWTH BEYOND THE PLAN • MISO LRTP Tranche 2.1 Retail Load Growth • • Tilbury LNG Expansion • Transmission Investments ~US$3.7-$4.2B for projects in Michigan Negotiations ongoing for Marine bunkering Regional transmission as minority and Minnesota where
Slide 7: Balanced Approach to Funding Growth
BALANCED APPROACH TO FUNDING GROWTH $26B Key Highlights Capital Plan • Funding plan largely consistent with 2025-2029 Equity prior year plan Corporation’s DRIP at current participation levels(1) 11% and employee share purchase plans • Equity funded through DRIP program 30% Net Debt • $500M ATM progr
Slide 8: Dividend Guidance Supported by Long-Term Growth Strategy
DIVIDEND GUIDANCE SUPPORTED BY LONG-TERM GROWTH STRATEGY 51 Years of Consecutive Increases in Dividends Paid 4-6% Annual Dividend Growth Guidance through 2029 73 76 79 82 85 88 91 94 97 00 03 06 09 12 15 18 21 24 8 8
Slide 9: Why Invest in Fortis?
SUSTAINABLE GROWTH WHY INVEST IN FORTIS? Focused on Executing Strong Robust Transparent Rate Base Growth Transmission Funding Plan Investment Pipeline Cleaner 4-6% Annual Investment-Grade Energy Transition Dividend Growth Credit Ratings LOW-RISK Safe, Well-Run Utilities Regulatory & Constructive Str