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 operations across Canada, the U.S., and the Caribbean.

• Prioritizes safe, reliable, and affordable service, consistently outperforming industry averages in safety and reliability.

• Maintains strong governance with local business models and independent oversight.

Financial performance and growth

• Five-year capital plan of $28.8B (2026-2030) targets a 7% rate base CAGR, with $44.7B rate base forecast for 2026 and $57.9B for 2030.

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

• Achieved 10.8% average annual total shareholder return over 10 years and 6.5% EPS CAGR from 2022-2025.

Capital allocation and funding

• 46% of capital plan allocated to transmission, 31% to distribution, and 21% to major capital projects.

• Funding mix: 59% cash from operations, 30% net debt, and 11% equity.

• Raised $2.7B in long-term debt in 2025, with $6.3B in available credit facilities.