Q 4 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; targeted average annual dividend growth through 2025; the 2035 carbon emissions reduction target and projected asset mix; TEP's carbon emissions reduction target and projected asset mix; and additional opportunities for renewable generation. forecast capital expenditures and expected funding sources for 2020 and 2021-2025; forecast debt maturities for 2021-2025; the expected timing, outcome and impacts of regulatory decisions; FortisBC's 2030 greenhouse gas emissions target; the nature, timing, benefits and costs of certain capital projects including, without limitation, the Wataynikaneyap Transmission Power Project, ITC Multi-Value Regional Transmission Projects and 34.5 to 69 kV Transmission Conversion Project, UNS Energy Vail to Tortolita Transmission Project and Oso Grande Wind Project, FortisBC Eagle Mountain Woodfibre Gas Line Project, Transmission Integrity Management Capabilities Project, Inland Gas Upgrades Project, Tilbury 1B and Tilbury Resiliency Tank and Advanced Metering Infrastructure Project; and additional opportunities beyond the capital plan.
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 adverse effects from the COVID-19 pandemic; reasonable regulatory decisions and the expectation of regulatory stability; the implementation of the five-year capital expenditure plan; no material capital project or financing cost overrun; sufficient human resources to deliver service and execute the capital expenditure 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 midyear rate base.
A PREMIUM ENERGY DELIVERY BUSINESS
93% TRANSMISSION & DISTRIBUTION ASSETS
➢ 10 Utility Businesses
➢ 3.3M Electric & Gas Customers
➢ 9,000 Employees
➢ 99% Regulated Utility Assets
➢ $24B Market Capitalization(1)
➢ ~14% Average Annual 20-Year
Total Shareholder Return(1)
➢ ~$30B 2020F Rate Base
(1) As of October 31, 2020
DIVERSE BUSINESS MODEL SUPPORTING GROWTH STRATEGY
Leveraging our operating model, geographic and regulatory diversity, operating expertise, reputation and financial strength to execute on growth opportunities
PROVEN DIVIDEND TRACK RECORD & OUTLOOK
Q4 2020 Dividend Increases 5.8%
6% Average Annual Dividend Growth Guidance through 2025
STRONG ESG PROFILE
Strengthening our Low-Carbon Footprint
AREAS OF FOCUS
Safe and reliable service
Capital investment plan
Strong customer and regulatory relationships
Sustainability and delivery of cleaner energy
System resiliency, innovation & cybersecurity
Energy infrastructure, LNG expansion & storage
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Fortis Inc. published this content on 05 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 November 2020 20:31:08 UTC