Slide 1: Third Quarter 2021 Earnings Teleconference
Third Quarter 2021 Earnings Teleconference November 9, 2021 One of North America’s largest electric utilities TSX:H
Slide 2: 3Q21 Financial summary
3Q21 Financial summary Third Quarter Year-to-Date (millions of dollars, except EPS) 2021 2020 % Change 2021 2020 % Change Revenue Transmission 507 483 5.0% 1,403 1,342 4.5% Distribution 1,395 1,410 (1.1)% 4,012 4,050 (0.9)% Distribution (Net of Purchased Power) 462 417 10.8% 1,347 1,242 8.5% Other 1
Slide 3: 3Q21 Financial summary
3Q21 Financial summary The customer focused 2023-2027 investment plan supports economic growth and builds a smarter, more sustainable and resilient grid for the future Selected Financial Highlights: Financial Highlights ($M) –3Q21 Year over Year Comparison Transmission revenues increased by 5.0% dur
Slide 4: Strong balance sheet and liquidity
Strong balance sheet and liquidity (as at September 30, 2021) Investment grade balance sheet with one of lowest debt costs in utility sector Significant available liquidity ($M) Strong investment grade debt ratings (long-term/short-term/outlook) Shelf registrations Hydro One Ltd. (HOL) Hydro One Inc
Slide 5: Common share dividends
Common share dividends A Growing and Sustainable Dividend4 Key Points • Quarterly dividend declared at $0.2663 per common 0.13 share ($1.0652 annualized) • Targeted dividend payout ratio remains at 70% - 80% of net income 1.0023 0.9545 • Attractive and growing dividend supported by stable, 0.84 0.87
Slide 6: 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