Slide 1: First Quarter 2022 Earnings Teleconference
First Quarter 2022 Earnings Teleconference May 5, 2022 One of North America’s largest electric utilities TSX:H
Slide 2: 1Q22 Financial summary
1Q22 Financial summary First Quarter Year End (millions of dollars, except EPS) 2022 2021 % Change 2021 2020 % Change Revenue Transmission 519 448 15.8% 1,824 1,740 4.8% Distribution 1,517 1,354 12.0% 5,359 5,507 (2.7)% Distribution Revenues(Net of Purchased Power)2 503 460 9.3% 1,780 1,653 7.7% Oth
Slide 3: 1Q22 Financial summary
1Q22 Financial summary The Company continues to focus on facilitating economic growth in Ontario and announces a landmark agreement with First Nations Selected Financial Highlights: Financial Highlights ($M) – 1Q22 Year over Year Comparison The year-over-year increase of $71 million or 15.8% in quar
Slide 4: Strong balance sheet and liquidity
Strong balance sheet and liquidity (as at March 31, 2022) Investment grade balance sheet with one of lowest debt costs in utility sector Significant available liquidity ($M) Strong investment grade debt ratings (long-term/short-term/outlook) Shelf registrations Hydro One Ltd. (HOL) Hydro One Inc. (H
Slide 5: Common share dividends
Common share dividends A Growing and Sustainable Dividend4 Key Points • Quarterly dividend declared at $0.2796 per common 0.13 share ($1.1184 annualized) • Targeted dividend payout ratio remains at 70% - 80% of 1.0525 net income 1.0023 0.9545 • Attractive and growing dividend supported by stable, 0.
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