Slide 1: Fourth Quarter 2019 Earnings Teleconference
FOURTH QUARTER 2019 Earnings Teleconference February 12th, 2020 One of North America’s largest electric utilities TSX:H
Slide 2: 4Q19 Financial Summary
HYDRO ONE LIMITED 4Q19 FINANCIAL SUMMARY Fourth Quarter Year End (millions of dollars, except EPS) 2019 2018 % Change 2019 2018 % Change Revenue Transmission $407 $342 19.0% $1,652 $1,686 (2.0%) Distribution 1,298 1,138 14.1% 4,788 4,422 8.3% Distribution (Net of Purchased Power) 384 397 (3.3%) 1,67
Slide 3: 4Q19 Financial Summary
HYDRO ONE LIMITED 4Q19 FINANCIAL SUMMARY Favourable weather, lower operating costs driven by lower support costs and lower effective taxes led to strong fourth quarter earnings Financial Highlights: Revenues Net of Purchased Power increased by 6.8% during the quarter ended December 31st, 2019, prima
Slide 4: Regulatory Update
REGULATORY UPDATE 2020 - 2022 Transmission Rate Application Peterborough and Orillia Applications • On March 21, 2019, Hydro One filed a 3-year Custom Incentive Rate (CIR) application. • September 26, 2018: Filed MAAD application to purchase Orillia Power. • The hearing began on October 21, 2019, an
Slide 5: Strong Balance Sheet and Liquidity
STRONG BALANCE SHEET AND LIQUIDITY Investment grade balance sheet with one of lowest debt costs in utility sector Significant Available Liquidity ($M) Strong Investment Grade Credit Ratings (LT/ST/Outlook) Shelf Registrations 250 Hydro One Limited Hydro One Inc. (HOI) Hydro One Inc. HOL: Universal S
Slide 6: Common Share Dividends
COMMON SHARE DIVIDENDS Consecutive annual 5% increase announced on May 9th, 2019 Key Points Dividend Statistics • Quarterly dividend declared at $0.2415 per common share ($0.966 annualized) Yield1 3.9% • Targeted dividend payout ratio remains at 70% - 80% of net income Annualized Dividend2,3 $0.966
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