Slide 1: Third Quarter 2017 Earnings Teleconference
Third Quarter 2017 Earnings Teleconference November 10, 2017 One of North America’s largest electric utilities TSX: H
Slide 2: Hydro One Limited – 3Q17 Financial Summary
Hydro One Limited – 3Q17 Financial Summary Third Quarter Year to Date ($ millions) 2017 2016 % Change 2017 2016 % Change Revenue Transmission $471 $444 6.1% $1,199 $1,211 (1.0%) Distribution 1,040 1,249 (16.7%) 3,317 3,687 (10.0%) Distribution (Net of Purchased Power) 365 379 (3.7%) 1,104 1,118 (1.3
Slide 3: 2017 Third Quarter Financial Snapshot
2017 Third Quarter Financial Snapshot Key drivers Financial Highlights ($M) – 3Q17 Year over Year Comparison • Revenue, net of power costs, for 3Q17 increased by 1.3%: 836 847 • Revenue variance reflects: Q3 2016 Q3 2017 higher transmission revenues driven by the OEB's decision on Hydro One Networ
Slide 4: Regulatory Update
Regulatory Update 2017 – 2018 Transmission Rate Application • Regulatory approval received on September 28, 2017 with catch-up revenues from Jan 1, 2017 • Decision included reductions in planned capital expenditures, OM&A expenses, and in estimated tax savings from the IPO • Hydro One filed a Motion
Slide 5: Strong Balance Sheet and Liquidity
Strong Balance Sheet and Liquidity Significant Available Liquidity ($M) Strong Investment Grade Credit Ratings (LT/ST/Outlook) Shelf Registrations 250 Hydro One Inc. (HOI) Hydro One Limited HOL: Hydro One Inc. Universal Shelf3 S&P A / A-1/ negative1 $8B 2,300 894 DBRS A (high) / R-1 (low) / stable H
Slide 6: Common Share Dividends
Common Share Dividends Key Points Dividend Statistics • Quarterly dividend increased 5% to $0.22 per Yield1 3.9% share ($0.88 annualized); announced May 4, 2017 Annualized Dividend2,3 $0.88 / share • Targeted dividend payout ratio remains at (1) Based on closing share price on September 29, 2017 70%
Slide 7: 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