Fortis Inc. · TSX:FTS
Fortis — Shareholder Meeting (May 2021)
38 slides from Fortis's shareholder meeting presentation, May 6, 2021
Slide 1: 2021 Annual Meeting of Shareholders
FORTIS... y 2021 Annual Meeting of Shareholders Te we
Slide 2: Voting & Asking Questions Online
VOTING & ASKING QUESTIONS ONLINE Voting Icon Question Icon FORTIS...
Slide 3: Doug Haughey, Chair of the Board
DOUG HAUGHEY CHAIR OF THE BOARD FORTIS...
Slide 4: Barry Perry
BARRY PERRY FORTIS.
Slide 5: 2021 Annual Meeting of Shareholders
2021 ANNUAL MEETING OF SHAREHOLDERS FORTIS...
Slide 6: Meeting Participants
MEETING PARTICIPANTS DAVID HUTCHENS JOCELYN PERRY JIM REID President and Executive Vice President, Executive Vice President, Chief Executive Officer Chief Financial Officer Chief Legal Officer and Corporate Secretary FORTIS...
Slide 7: Meeting Agenda
MEETING AGENDA , Appointment of Secretary and Scrutineers = fd Financial Statements see Election of Directors Appointment of Auditors Advisory Vote on Approach to Executive Compensation Voting Results Management Presentation Question Period FORTIS...
Slide 8: Agenda: Appointment of Secretary and Scrutineers
AGENDA Appointment of Secretary and Scrutineers Financial Statements Election of Directors APPOINTMENT OF Appointment of Auditor SECRETARY AND SCRUTINEERS Approach to Executive Compensation Voting Results Management Presentation Question Period FORTIS...
Slide 9: Agenda: Receive Financial Statements
AGENDA Appointment of Secretary and Scrutineers Election of Directors RECEIVE FINANCIAL Appointment of “— STATEMENTS FOR THE YEAR compensation ENDED DECEMBER 31, 2020 Voting Results Management Presentation Question Period FORTIS...
Slide 10: Voting Procedure
VOTING PROCEDURE FORTIS...
Slide 11: Election of Directors
AGENDA ELECTION OF DIRECTORS Appointment of : Secretary and f , Scrutineers ' , Financial Statements >» >» ; Douglas J. Haughey David G. Hutchens Tracey C. Ball Pierre J. Blouin Election of Directors Chalrof the Board Appointment of Auditors é Approach to Executive Compensation Vv ? Voting Results P
Slide 12: Agenda: Appointment of Auditors
AGENDA Appointment of Secretary and Scrutineers Financial Statements APPOINTMENT OF AUDITORS Approach to Executive Compensation Voting Results Management Presentation Question Period FORTIS...
Slide 13: Agenda: Advisory Vote on Approach to Executive Compensation
AGENDA Appointment of Secretary and Scrutineers Financial Statements sreenctorees ADVISORY VOTE ON ea APPROACH TO EXECUTIVE COMPENSATION Voting Results Management Presentation Question Period FORTIS...
Slide 14: Agenda: Voting Results
AGENDA Appointment of Secretary and Scrutineers Financial Statements Election of Directors VOTING RESULTS Appointment of Auditors Approach to Executive Compensation Voting Results Management Presentation Question Period FORTIS...
Slide 15: FORTIS...
FORTIS...
Slide 16: Asking Questions
ASKING QUESTIONS Question Icon FORTIS...
Slide 17: 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 18: David Hutchens, President and CEO
DAVID HUTCHENS PRESIDENT AND CEO FORTIS...
Slide 19: Guided by Our Values
GUIDED BY OUR VALUES A We aim for excellence every day | FORTIS...
Slide 20: Supporting Customers and Communities
SUPPORTING CUSTOMERS AND COMMUNITIES FORTIS.
Slide 21: Reducing Carbon Emissions 75% by 2035
REDUCING | CARBON EMISSIONS 75% BY 2035 FORTIS.
Slide 22: Driving Inclusion and Diversity
DRIVING INCLUSION AND DIVERSITY FORTIS.
Slide 23: Strong Leadership Team
STRONG LEADERSHIP TEAM David Hutchens President & CEO { } Fortis Inc. Executives ~~ Nora Duke James Laurito Jocelyn Perry Jim Reid Gary Smith Evp, Sustainability & EVP, Business EVP, CFO EVP, CLO & Evp, Eastern Canadian & = CHRO Development & CTO Corporate Secretary Caribbean Operations a Linda Apse
Slide 24: Record Capital Investment of $4.2 Billion
RECORD CAPITAL INVESTMENT OF $4.2 BILLION * 8% RATE BASE - GROWTH IN 2020 FORTIS...
Slide 25: Wataynikaneyap Power
WATAYNIKANEYAP POWER LARGEST MAJORITY-OWNED FIRST NATIONS CONSTRUCTION PROJECT IN CANADA'S HISTORY FORTIS...
Slide 26: Safety and Reliability
SAFETY AND RELIABLITY YEAR OVER YEAR TOP QUARTILE RELIABILITY PERFORMANCE
Slide 27: Jocelyn Perry, EVP, Chief Financial Officer
JOCELYN PERRY EXECUTIVE VICE PRESIDENT, CHIEF FINANCIAL OFFICER FORTIS...
Slide 28: 2020 Adjusted Results
2020 ADJUSTED RESULTS ADJUSTED EARNINGS $1,195M - ~ 2019 2020 FORTIS... ADJUSTED EPS $2.55 $2.57 2019 2020 28
Slide 29: A Strong Start to 2021
A STRONG START TO 2021 - QI 2021 ADJUSTED NET EARNINGS OF $360 MILLION _ OR $0.77 PER COMMON SHARE ’ INCREASE OF $0.09 PER COMMON SHARE COMPARED TO Qi 2020 FORTIS...
Slide 30: Five-Year $19.6 Billion Capital Plan
FIVE-YEAR $19.6 BILLION CAPITAL PLAN » INCREASE OF $800 MILLION OVER PRIOR PLAN FORTIS...
Slide 31: A Good Steward of Capital
A GOOD STEWARD OF CAPITAL FORTIS...
Slide 32: Years of Consecutive Dividend Increases
47 YEARS OF CONSECUTIVE DIVIDEND INCREASES | eT || LL FORTIS...
Slide 33: Making Decisions Locally
MAKING DECISIONS LOCALLY FORTIS...
Slide 34: Thank You
THANK YOU TO OUR TEAM FOR CONTINUING TO DELIVER EXCELLENCE, EVERY DAY!
Slide 35: FORTIS...
FORTIS...
Slide 36: Appendix
APPENDIX FORTIS...
Slide 37: Quarterly Adjusted Earnings Non-US GAAP Reconciliation
QUARTERLY ADJUSTED EARNINGS NON-US GAAP RECONCILIATION (S millions, exceptas shown) Qi12021 Q12020 Net Earnings” Ses 312 Adjusting Item: Unrealized loss on mark-to-market of derivatives ?) 5 i) Adjusted Net Earnings 360 315 Adjusted Earnings per Share ($) $0.77 $0.68 Weighted Average Common Shares O
Slide 38: Annual Adjusted Earnings GAAP Reconciliation
IN GAAP RECONCILIATION ANNUAL ADJUSTED EARNINGS (S millions, exceptas shown) 2020 2019 Net Earnings 1,209 1,655 Adjusting Items: FERC base return on common equity (ROE) decisions 2 (27) (83) US tax reform 13 12 Unrealized loss on mark-to-market of derivatives “ - 15 Gain on disposition ® - (484) Adj