Fortis Inc. · TSX:FTS
Fortis — J.P. Morgan Energy, Power & Renewables Conference 2022
10 slides from Fortis's conference presentation, Jun 23, 2022
Slide 1: Investor Presentation June 2022
INVESTOR PRESENTATION June 2022
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: A Premium Energy Delivery Business
A PREMIUM ENERGY DELIVERY BUSINESS 93% Transmission & Distribution Assets HIGH QUALITY PORTFOLIO 10 Regulated Utility Businesses 3.4M Electric & Gas Customers 9,100 Employees 99% Regulated Utility Assets ~$28B Market Capitalization(1) ~12% Average Annual 20-Year Total Shareholder Return(1) $31.1B 20
Slide 4: Building on Our Commitment to a Clean Energy Future
PATHWAY TO NET-ZERO BUILDING ON OUR 2019 COMMITMENT TO A Achieved 20% GHG Emissions Reduction Since 2019 CLEAN ENERGY 2021 FUTURE WITH A 2050 50% GHG Emissions Reduction NET-ZERO TARGET 2030 2032 Coal-Free Generation Mix 2035 Net-Zero Target (Scope 1) 75% GHG Emissions Reduction Target by 2035 2050
Slide 5: TEP General Rate Application – Overview
TEP GENERAL RATE APPLICATION – OVERVIEW Application supports TEP’s clean energy transition and continued delivery of safe and reliable service 2017 Rate Case 2020 Rate Case 2022 Rate Case Application Settlement Application Decision Application Test Year June 30, 2015 December 31, 2018 December 31, 2
Slide 6: TEP General Rate Application – Revenue Requirement
TEP GENERAL RATE APPLICATION – REVENUE REQUIREMENT Clean Energy Transition Springerville San Juan Raptor Depreciation Retirement Oso Grande(2) Ridge 12 REST, DSM, 28 4 (56) Base Fuel & PPFAC 21 (23) 31 Depreciation +13 MW 37 O&M and +250 MW -170 MW Other $159 Rate of $136 Return(1) 82 Rate Base Base
Slide 7: Highly Executable Capital Plan Supports Low-Risk Rate Base Growth of ~6%
HIGHLY EXECUTABLE CAPITAL PLAN SUPPORTS LOW-RISK RATE BASE GROWTH OF ~6% CAPITAL PLAN RATE BASE $41.6B 30% $31.1B 7% $20B 2022-2026 33% Capital Plan 6% $3.8B 6% Cleaner Energy Investments(1) 4% 5% 9% Distribution Transmission Transmission supporting cleaner energy RNG/LNG Clean Generation Traditiona
Slide 8: Long Capex Runway
LONG CAPEX RUNWAY Responding to stakeholder expectations Business development in existing footprint Connect more renewable generation Prepare grid for additional to the grid electrification Build more renewable generation Invest in technology to ensure security and improve service and efficiency Pro
Slide 9: Why Invest in Fortis?
WHY INVEST IN FORTIS? Focused on Geographic & 6% DIVIDEND WELL-RUN ENERGY DELIVERY Regulatory DIVERSITY Growth Guidance Local Utilities LOW-RISK Virtually ESG Growth Profile All REGULATED INNOVATIVE Leader 9
Slide 10: Investor Presentation
INVESTOR PRESENTATION June 2022
Fortis — J.P. Morgan Energy, Power & Renewables Conference 2022 on 6ix