Slide 1: Second Quarter 2019 Earnings Teleconference
Second Quarter 2019 Earnings Teleconference August 9th, 2019 One of North America’s largest electric utilities TSX:H
Slide 2: 2Q19 Financial Summary
HYDRO ONE LIMITED 2Q19 FINANCIAL SUMMARY Revenue Second Quarter YTD (millions of dollars, except EPS) 2019 2018 % Change 2019 2018 % Change Transmission $374 $430 (13.0%) $802 $851 (5.8%) Distribution 1,029 1,036 (0.7%) 2,350 2,181 (7.7%) Distribution (Net of Purchased Power) 376 362 3.9% 890 756 17
Slide 3: 2Q19 Financial Highlights
HYDRO ONE LIMITED 2Q19 FINANCIAL HIGHLIGHTS A renewed focus and mild weather led to increased effort on the work program Financial Highlights ($M) – 2Q19 Year over Year Comparison Financial Highlights: Revenues Net of Power decreased 5.4% during the quarter ended June 30th, 2019, primarily due to th
Slide 4: Regulatory Update
REGULATORY UPDATE 2019 Transmission Rate Application Peterborough and Orillia Applications • On April 25, 2019, the OEB issued its decision, awarding an inflationary index of 1.4% and an • April 26, 2019: Submitted supplemental evidence on rate impacts to customers at the end of effective date of Ma
Slide 5: Sustainability at Hydro One
SUSTAINABILITY AT HYDRO ONE In 2018, Hydro One conducted a formal materiality assessment to identify the sustainability issues that matter most to our business, stakeholders and partners Approach to Sustainability A Matrix of 10 Material Issues Identified1 Featured Outcomes of the 2018 Sustainabilit
Slide 6: 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 7: Common Share Dividends
COMMON SHARE DIVIDENDS Consecutive annual 5% increase announced on May 9th, 2019 Dividend Statistics Key Points • Quarterly dividend declared at $0.2415 per common Yield1 4.2% share ($0.966 annualized) • Targeted dividend payout ratio remains at 70% - 80% of Annualized Dividend2,3 $0.966 / share net
Slide 8: 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