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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Fortis Inc.    FTS   CA3495531079

FORTIS INC.

(FTS)
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Fortis : Board Shareholder Engagement

11/18/2020 | 01:39pm EST

BOARD SHAREHOLDER ENGAGEMENT

N O V E M B E R 1 9 , 2 0 2 0

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-looking information"). Forward-looking information reflects expectations of Fortis management regarding future growth, results of operations, performance and business prospects and opportunities. Wherever possible, words such as anticipates, believes, budgets, could, estimates, expects, forecasts, intends, may, might, plans, projects, schedule, should, target, will, would and the negative of these terms and other similar terminology or expressions have been used to identify the forward-looking information, which includes, without limitation: forecast rate base for 2020 and 2021-2025; forecast capital expenditures for 2021-2025; targeted average annual dividend growth through 2025; and the Corporation's 2035 carbon emissions reduction target.

Forward-looking information involves significant risks, uncertainties and assumptions. Certain material factors or assumptions have been applied in drawing the conclusions contained in the forward-looking information. These factors or assumptions are subject to inherent risks and uncertainties surrounding future expectations generally, including those identified from time to time in the forward-looking information. Such assumptions include, but are not limited to: no material impact from the COVID-19 pandemic; reasonable outcomes for regulatory proceedings and the expectation of regulatory stability; the successful execution of the five-year capital plan; no material capital project or financing cost overruns; sufficient human resources to deliver service and execute the capital plan; no significant variability in interest rates; and the Board exercising its discretion to declare dividends, taking into account the business performance and financial condition of the Corporation. Fortis cautions readers that a number of factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking information. These factors should be considered carefully and undue reliance should not be placed on the forward-looking information. For additional information with respect to certain of these risks or factors, reference should be made to the continuous disclosure materials filed from time to time by the Corporation with Canadian securities regulatory authorities and the Securities and Exchange Commission. All forward-looking information herein is given as of the date of this presentation. Fortis disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise.

Unless otherwise specified, all financial information is in Canadian dollars and rate base refers to mid-year rate base.

2

MEETING AGENDA

Formal Presentation

Business Overview & Board Structure

  • Douglas Haughey - Chair of the Board

Corporate Governance

  • Pierre Blouin - Chair of the Governance and Nominating Committee

Executive Succession & Compensation

  • Jo Mark Zurel - Chair of the Human Resources Committee

Stakeholder Feedback

Q&A

3

BUSINESS OVERVIEW & BOARD STRUCTURE

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Fortis Inc. published this content on 19 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 November 2020 18:38:04 UTC


© Publicnow 2020
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Financials
Sales 2020 9 124 M 7 160 M 7 160 M
Net income 2020 1 204 M 945 M 945 M
Net Debt 2020 26 069 M 20 456 M 20 456 M
P/E ratio 2020 20,1x
Yield 2020 3,71%
Capitalization 24 323 M 19 114 M 19 087 M
EV / Sales 2020 5,52x
EV / Sales 2021 5,40x
Nbr of Employees 9 000
Free-Float 94,9%
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Technical analysis trends FORTIS INC.
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 58,13 CAD
Last Close Price 52,11 CAD
Spread / Highest target 20,9%
Spread / Average Target 11,5%
Spread / Lowest Target -9,81%
EPS Revisions
Managers and Directors
NameTitle
David G. Hutchens President & Chief Executive Officer
Douglas J. Haughey Non-Executive Chairman
Jocelyn H. Perry Chief Financial Officer & Executive Vice President
James P. Laurito CTO & EVP-Business Development
Ronald J. Hinsley Chief Information Officer & VP
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