Fortis (FTS) Investor presentation summary

Vision and strategy

• Aims to be a premium North American utility focused on delivering a cleaner energy future, with 100% regulated utility assets and 95% in transmission and distribution.

• Operates nine regulated utilities across Canada, the U.S., and the Cayman Islands, serving 3.5 million customers.

• Emphasizes operational excellence, financial strength, and strong governance, ranking #1 in governance among S&P/TSX companies.

Financial performance and shareholder returns

• Achieved a 10.8% average annual total shareholder return over the past 10 years and 627% cumulative return over 20 years.

• Adjusted EPS grew at a 6.5% CAGR from 2022 to 2025, with a declining dividend payout ratio.

• 52 consecutive years of dividend increases, with 4-6% annual dividend growth guidance through 2030.

Capital plan and growth

• Five-year capital plan (2026-2030) totals $28.8B, focused on transmission (46%), distribution (31%), and major projects (21%).

• Forecasts a 7% CAGR in consolidated rate base, reaching $57.9B by 2030.

• Major projects include ITC’s Big Cedar Load Expansion, MISO LRTP, and TEP’s Springerville Natural Gas Conversion.