Hydro One Limited · TSX:H
Hydro One — Q4 2023 Earnings Presentation
7 slides from Hydro One's earnings presentation, Feb 13, 2024
Slide 1: Fourth Quarter 2023 Earnings Teleconference
Fourth Quarter 2023 Earnings Teleconference February 13, 2024
Slide 2: 4Q23 Financial summary
4Q23 Financial summary Fourth Quarter Full Year (millions of dollars, except earnings per share 2023 2022 % Change 2023 2022 % Change (EPS)) Revenues Transmission 506 480 5.4% 2,214 2,077 6.6% Distribution 1,459 1,371 6.4% 5,582 5,660 (1.4%) Distribution Revenues (Net of Purchased 469 476 (1.5%) 1,9
Slide 3: 4Q23 Financial summary
4Q23 Financial summary The Company continues to execute on its capital plans in support of economic growth in Ontario and the transition to a clean energy future. Financial Highlights ($M) – 4Q23 Year over Year Comparison Selected Quarterly Financial Highlights: 4Q 2023 4Q 2022 Transmission revenues
Slide 4: 4Q23 Financial summary
4Q23 Financial summary Selected Quarterly Financial Highlights: Distribution OM&A costs increased by $8 million or 3.6% year-over-year primarily Regulated Capital Investments ($M) Assets Placed in due to: Service ($M) Transmission Distribution • Higher work program expenditures, including an increas
Slide 5: Strong balance sheet and liquidity
Strong balance sheet and liquidity (as at December 31, 2023) Investment grade balance sheet with one of lowest debt costs in utility sector Significant available liquidity ($M) Strong investment grade debt ratings (long-term/short-term/outlook) Shelf registrations 250 Hydro One Limited (HOL) Hydro O
Slide 6: Common share dividends
Common share dividends A Growing and Sustainable Dividend4 Key Points • Quarterly dividend declared at $0.2964 per common share ($1.1856 annualized) • Targeted dividend payout ratio remains at 70% - 80% of net income • Attractive and growing dividend supported by stable, 0.13 1.1688 regulated cash f
Slide 7: Disclaimers
Disclaimers Forward Looking Information This presentation contains “forward-looking information” within the meaning of applicable Canadian securities laws that is based on current expectations, estimates, forecasts and projections about Hydro One’s business and the industry in which Hydro One operat