Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

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

FORTIS INC.

(FTS)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Fortis : Q4 2020 Investor Marketing

11/05/2020 | 03:32pm EST

INVESTOR PRESENTATION

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.

2

A PREMIUM ENERGY DELIVERY BUSINESS

93% TRANSMISSION & DISTRIBUTION ASSETS

HIGH-QUALITY PORTFOLIO:

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

3

LONG-TERM STRATEGY

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
  • Investment-gradecredit ratings

4

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

Disclaimer

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


© Publicnow 2020
All news about FORTIS INC.
01/14Fortis Inc. To Hold Teleconference on February 12 to Discuss 2020 Annual Resu..
GL
2020MAGAL SECURITY : Wins $9 Million Contract to Maintain, Upgrade IT, Communication..
MT
2020FORTIS : Dual Listed Fortis Notes Tucson Electric Power Receives Decision in Gen..
MT
2020Tucson Electric Power Receives Decision in General Rate Application
GL
2020FORTIS HEALTHCARE : Subsidiaries Receive Rating Upgrade
MT
2020FORTIS : RBC Retail Shareholder Presentation
PU
2020FORTIS : Announces first quarter dividends 2021
AQ
2020FORTIS INC. : Announces First Quarter Dividends - 2021
AQ
2020Fortis Inc. Announces First Quarter Dividends - 2021
GL
2020FORTIS : Scotiabank Energy Infrastructure Conference 2020
PU
More news
Financials
Sales 2020 9 122 M 7 182 M 7 182 M
Net income 2020 1 204 M 948 M 948 M
Net Debt 2020 26 069 M 20 525 M 20 525 M
P/E ratio 2020 20,1x
Yield 2020 3,71%
Capitalization 24 351 M 19 293 M 19 173 M
EV / Sales 2020 5,53x
EV / Sales 2021 5,42x
Nbr of Employees 9 000
Free-Float 94,9%
Chart FORTIS INC.
Duration : Period :
Fortis Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends FORTIS INC.
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 58,13 CAD
Last Close Price 52,17 CAD
Spread / Highest target 20,8%
Spread / Average Target 11,4%
Spread / Lowest Target -9,91%
EPS Revisions
Managers and Directors
NameTitle
David G. Hutchens President & Chief Executive Officer
Douglas J. Haughey Non-Executive Chairman
Jocelyn H. Perry Chief Financial Officer & Executive Vice President
James P. Laurito CTO & EVP-Business Development
Ronald J. Hinsley Chief Information Officer & VP
Sector and Competitors
1st jan.Capitalization (M$)
FORTIS INC.0.33%19 293
NEXTERA ENERGY8.50%163 994
ENEL S.P.A.2.21%104 411
IBERDROLA, S.A.0.00%87 059
ORSTED A/S-0.12%85 178
DUKE ENERGY CORPORATION-1.51%66 369