Slide 1: First Quarter 2023 Earnings Teleconference
First Quarter 2023 Earnings Teleconference May 5, 2023
Slide 2: 1Q23 Financial summary
1Q23 Financial summary First Quarter Year End (millions of dollars, except earnings per share 2023 2022 % Change 2022 2021 % Change (EPS)) Revenues Transmission 555 519 6.9% 2,077 1,824 13.9% Distribution 1,509 1,517 (0.5%) 5,660 5,359 5.6% Distribution Revenues (Net of Purchased Power)2 499 503 (0.
Slide 3: 1Q23 Financial summary
1Q23 Financial summary The Company strengthens its leadership team to enable economic growth and a clean energy future Financial Highlights ($M) – 1Q23 Year over Year Comparison Selected Quarterly Financial Highlights: 1Q 2023 1Q 2022 2,074 2,047 The year-over-year increase of $36 million or 6.9% in
Slide 4: 1Q23 Financial summary
1Q23 Financial summary Selected Quarterly Financial Highlights: Regulated Capital Investments ($M) Assets Placed in The year-over-year increase of $14 million or 8.2% in distribution OM&A costs was Transmission Distribution Service ($M) primarily due to: 0 4 3.5% • Higher corporate support costs mai
Slide 5: Strong balance sheet and liquidity
Strong balance sheet and liquidity (as at March 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 Ltd. (HOL) Hydro One Inc
Slide 6: Common share dividends
Common share dividends Key Points A Growing and Sustainable Dividend4 • Quarterly dividend declared at $0.2964 per common share ($1.1856 annualized) • Targeted dividend payout ratio remains at 70% - 80% of net income 0.13 • Attractive and growing dividend supported by stable, 1.0525 1.1051 regulated
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