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    FTS   CA3495531079

FORTIS INC.

(FTS)
  Report
Delayed Quote. Delayed Toronto Stock Exchange - 07/29 04:00:00 pm
56.16 CAD   -0.12%
07/29FORTIS : Announces third quarter dividends 2021
AQ
07/29FORTIS : Q2 Earnings Snapshot
AQ
07/29FORTIS : RELEASES SECOND QUARTER 2021 RESULTS AND SUSTAINABILITY UPDATE (Form 6-K)
PU
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Fortis : TD Securities Virtual Power & Utilities Conference

05/25/2021 | 08:05pm EDT

INVESTOR PRESENTATION

MAY 2021

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: targeted average annual dividend growth through 2025; the 2035 carbon emissions reduction target and projected asset mix; TEP's carbon emissions reduction target; forecast capital expenditures and expected funding sources for 2021-2025; additional opportunities beyond the capital plan, including the Lake Erie Connector Project; forecast rate base and rate base growth for 2021-2025; the expected timing, outcome and impacts of regulatory decisions; 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; forecast debt maturities for 2021-2025; and potential impacts of changes in tax legislation.

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, including, without limitation: no material adverse effects from the COVID-19 pandemic; reasonable regulatory decisions and the expectation of regulatory stability; the successful execution of the five-year capital plan; no material capital project or financing cost overrun; 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 midyear rate base.

2

A PREMIUM ENERGY DELIVERY BUSINESS

93% TRANSMISSION & DISTRIBUTION ASSETS

High Quality Portfolio

10 Regulated Utility Businesses

3.4M Electric & Gas Customers

~9,000 Employees

99% Regulated Utility Assets

~$26B Market Capitalization(1)

~13% Average Annual 20-Year Total

Shareholder Return(1)

$32.2B 2021F Rate Base

(1) As of April 30, 2021

3

3

LONG-TERM STRATEGY

Leveraging our operating model, geographic and regulatory diversity, operating expertise,

reputation and financial strength to deliver a cleaner energy future

Proven Dividend Track

Focus on Growth

Strong ESG Profile

Record & Outlook

6% Average Annual

Execute on growth

Strengthening our

Dividend Growth

Guidance through 2025

opportunities

Low-Carbon Footprint

LNG

Strong Customer

Sustainability &

System Resiliency,

Energy

Safe &

Capital

Infrastructure, LNG

Investment-Grade

& Regulatory

Delivery of

Innovation &

Reliable Service

Investment Plan

Expansion &

Credit Ratings

Relationships

Cleaner Energy

Cybersecurity

Storage

4

DELIVERING SAFE AND RELIABLE SERVICE

All Injury Frequency Rate(1)

Average Electricity Customer

Outage Duration(2)

1.78

3.6

3.9

3.5

3.8

1.67

1.50

1.38

1.45

1.45

1.09

2.1

2.2

2.1

1.8

1.9

2 0 1 6

2 0 1 7

2 0 1 8

2 0 1 9

2 0 2 0

2016

2017

2018

2019

2020

Fortis

USA Bureau of

Canadian Electricity

Fortis

Canadian Electricity Association and U.S. Energy

Labor Statistics

Association

Information Administration Average

(2016-2019 Average)

(2016-2019 Average)

  1. Injuries per 200,000 hours worked.
  2. Based on weighted average of Fortis' customer count in each jurisdiction.

5

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

Disclaimer

Fortis Inc. published this content on 27 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 May 2021 00:04:06 UTC.


ę Publicnow 2021
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Financials
Sales 2021 9 439 M 7 576 M 7 576 M
Net income 2021 1 288 M 1 034 M 1 034 M
Net Debt 2021 26 665 M 21 404 M 21 404 M
P/E ratio 2021 20,6x
Yield 2021 3,65%
Capitalization 26 463 M 21 261 M 21 242 M
EV / Sales 2021 5,63x
EV / Sales 2022 5,56x
Nbr of Employees 9 000
Free-Float 95,0%
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Technical analysis trends FORTIS INC.
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TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus OUTPERFORM
Number of Analysts 17
Last Close Price 56,16 CAD
Average target price 58,72 CAD
Spread / Average Target 4,56%
EPS Revisions
Managers and Directors
David G. Hutchens President, Chief Executive Officer & Director
Jocelyn H. Perry Chief Financial Officer & Executive Vice President
Douglas J. Haughey Non-Executive Chairman
James P. Laurito CTO & EVP-Business Development
Ronald J. Hinsley Chief Information Officer & Vice President
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