Slide 1: Retail Presentation Q2 2026
RETAIL PRESENTATION Q2 2026 FORTIS...
Slide 2: Forward-Looking Information
FORWARD-LOOKING INFORMATION Fortis includes forward-looking information in this presentation within the meaning of applicable Canadian securities laws and forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (collectively referred to as "forward-looki
Slide 3: Fortis at a Glance
FORTIS AT A GLANCE TSX/NYSE: FTS OUR VISION & STRATEGY: A Premium North American Utility Delivering a Cleaner Energy Future 95% 100% transmission and distribution assets regulated utility assets 9 regulated utilities $5.6 billion in Canada, U.S., and the Cayman Islands 2026F capital expenditures 9,9
Slide 4: Our Common Ground
OUR COMMON GROUND Provision of Safe Sustainable Growth Good Governance & Reliable Service Fortis Ranked #1 of 206 S&P/TSX companies Priority #1 Focused on Execution in The Globe & Mail 2025 Board Games • Health and safety of our employees, customers • Operational Excellence • Utilities operate withi
Slide 5: Focused on Affordability
FOCUSED ON AFFORDABILITY Affordability Initiatives Affordability Spotlight • Preventative maintenance and innovative practices to reduce costs ▪ Grid-enhancing technologies ▪ Using AI for vegetation management inspections • Prioritization of capital investment based on operational needs and associat
Slide 6: Five-Year Plan at a Glance
FIVE-YEAR PLAN AT A GLANCE CAPITAL PLAN DRIVEN BY TRANSMISSION INVESTMENTS Capital Rate Base Dividend Expenditures Growth Growth $28.8B 7% 4-6% 2026-2030 5-Year Annual Dividend Growth Capital Plan CAGR Guidance Extended to 2030 $2.8B 50 bps 4% Over Prior Over Prior Increase in Q4 2025 Capital Plan P
Slide 7: Highly Executable Five-Year Capital Plan Supports Low-Risk Rate Base Growth of 7%
HIGHLY EXECUTABLE FIVE-YEAR CAPITAL PLAN SUPPORTS LOW-RISK RATE BASE GROWTH OF 7% Capital Plan • 100% Regulated Capital Capital Plan Consolidated By Asset Type Rate Base • 21% Major Capital Projects • 63% U.S., 35% Canada, 2% Caribbean ↑ $16B or 7% CAGR $57.9B Transmission Distribution 46% 5-Year 31
Slide 8: Above and Beyond the Plan
ABOVE AND BEYOND THE PLAN 2026-2030 2031-2035 Opportunities Opportunities to Expand Growth to Extend Growth ITC ITC • Customer Connections • LRTP Tranche 2.1 • LRTP Tranche 2.1 Competitively Bid Projects UNS Energy • Customer Connections • TEP Load Growth (e.g., data centers and • Future MISO LRTP /
Slide 9: Balanced Approach to Funding Growth
BALANCED APPROACH TO FUNDING GROWTH Key Highlights • Consistent capital structure expected over planning period • Equity funding reflects Cash from Corporation's DRIP at current (1) Operations participation levels and ESPP Raised $800M in 59% Long-Term Debt in Q1 2026 • Funding plan supports existin
Slide 10: Dividend Guidance Supported by Long-Term Growth Strategy
DIVIDEND GUIDANCE SUPPORTED BY LONG-TERM GROWTH STRATEGY 52 Years of Consecutive Increases in Dividends Paid 4-6% Annual Dividend Growth Guidance through 2030 73 75 77 79 81 83 85 87 89 91 93 95 97 99 01 03 05 07 09 11 13 15 17 19 21 23 25 10
Slide 11: Total Shareholder Returns
TOTAL SHAREHOLDER RETURNS Cumulative 20-Year Total Shareholder Return 627% Average Annual Total Shareholder Returns 399% 1-Year 22.6% 387% 5-Year 11.5% 10-Year 10.8% 20-Year 10.4% 2006 2011 2016 2021 2026 Fortis S&P/TSX Composite Index S&P/TSX Capped Utilities Index Note: Cumulative and average
Slide 12: Why Invest in Fortis
WHY INVEST IN FORTIS SUSTAINABLE GROWTH LOW-RISK FOCUSED ON EXECUTING SAFE, WELL-RUN UTILITIES Strong Robust Transparent Regulatory Constructive Strong Rate Base Transmission Funding & Geographic Regulatory Governance Growth Pipeline Plan Diversity Relationships Investments to 4-6% Investment-Grade