Fortis Inc. · TSX:FTS
Fortis — Investor Presentation (November 2026)
15 slides from Fortis's investor presentation, November 2026
Slide 1: Retail Investor Presentation
RETAIL INVESTOR PRESENTATION November 2026
Slide 2: Forward Looking Information
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-looki
Slide 3: Fortis at a Glance
FORTIS AT A GLANCE TSX/NYSE: FTS OUR VISION & STRATEGY: A Premium North American Utility Delivering a Cleaner Energy Future 100% 95% regulated utility assets Transmission & distribution assets 9 regulated utilities $6.0 billion in Canada, U.S. & the Cayman Islands 2026F capital expenditures 9,900 $4
Slide 4: Our Common Ground
OUR COMMON GROUND Provision of Safe Sustainable Growth Good Governance & Reliable Service Fortis Ranked #1 of 206 S&P/TSX companies Priority #1 Focused on Execution in The Globe & Mail 2025 Board Games • Operational Excellence • Health and safety of our employees, customers • Utilities operate withi
Slide 5: Five-Year Plan at a Glance
FIVE-YEAR PLAN AT A GLANCE Capital Expenditures Rate Base Dividend Growth $32.2B 7.5% 4-6% 2027-2031 5-Year Annual Dividend Growth Guidance Capital Plan CAGR Extended to 2031 $3.4B 50 bps 4% Over Over Prior Prior Plan Plan Over Prior Plan Increase in Q4 2026 Dividend 5
Slide 6: 2027-2031 Capital Plan Driven by Transmission & LNG Investments
2027-2031 CAPITAL PLAN DRIVEN BY TRANSMISSION & LNG INVESTMENTS $3.4B Increase in 5-Year Capital Plan Incremental Capital Drivers $32.2B ITC - $1.7B MISO LRTP Tranche 2.1 projects, baseline reliability projects and interconnections $28.8B FortisBC - $1.0B Tilbury Phase 1B, Tilbury LNG Storage Tank E
Slide 7: Highly Executable, Low-Risk Five-Year Capital Plan Supports Rate Base Growth
HIGHLY EXECUTABLE, LOW-RISK FIVE-YEAR CAPITAL PLAN SUPPORTS RATE BASE GROWTH 100% Regulated Capital Geographic Diversity ✓ 62% U.S. Capital Plan Consolidated ✓ 36% Canada Rate Base ✓ 2% Cayman Islands $63.9B Transmission $58.9B Distribution $55.8B 47% 29% $52.4B $48.2B $45.3B $32.2B 2027-2031 Genera
Slide 8: Robust Growth Pipeline Beyond the Plan
ROBUST GROWTH PIPELINE BEYOND THE PLAN ITC • LRTP Tranche 2.1 • LRTP Tranche 2.1 MARS Project • Customer Connections • Future MISO LRTP/ MTEP & SPP ITP Projects UNS Energy • TEP Load Growth (e.g., data centers and other large load customers) • Integrated Resource Plan Investments • Transmission Inve
Slide 9: Focused on Affordability – Key Initiatives
FOCUSED ON AFFORDABILITY – KEY INITIATIVES Central Hudson ITC Midwest and TEP TEP FortisBC Established O&M savings targets Beneficial load growth Capital optimization LNG projects drive supports affordability supports affordability real savings for customers Tilbury 1A Facility & 1B Expansion Centra
Slide 10: A Balanced Approach to Funding Growth
A BALANCED APPROACH TO FUNDING GROWTH FUNDING PLAN LARGELY CONSISTENT WITH PRIOR FIVE-YEAR PLAN Capital structure expected to remain consistent over planning period Net Debt(1) Equity Funding Plan 32% • Equity funding over next five years predominantly supported by DRIP 5-Year • Assumes DRIP partici
Slide 11: Funding Plan Supports Investment-Grade Credit Ratings
FUNDING PLAN SUPPORTS INVESTMENT-GRADE CREDIT RATINGS Credit Ratings (1) & Outlooks S&P Fitch FFO/Debt FFO Leverage A-(2) BBB+ A (low) 12.3% >12.0% Stable Stable Stable <6.2x 5.9x Key Credit Strengths 2027-2031F Avg. 2027-2031F Avg. Geographic and regulatory Strong business risk profile Rating Agenc
Slide 12: Three-Year Lookback
THREE-YEAR LOOKBACK Adjusted EPS & Rate Base Adjusted Dividend Payout Ratio $42.4B 4 $3.53 100.0% $37.0B $39.0B 3.5 $3.09 $3.28 95.0% $34.1B 3 $2.78 90.0% 85.0% 2.5 78.1% 80.0% 2 73.9% 75.0% 1.5 72.7% 70.4% 70.0% 1 65.0% 0.5 60.0% 0 55.0% 2022 2023 2024 2025 2022 2023 2024 2025 Adjusted EPS Adjusted
Slide 13: Total Shareholder Returns
TOTAL SHAREHOLDER RETURNS Cumulative 20-Year Total Shareholder Return 547% Average Annual Total Shareholder Returns 438% 1-Year 10.1% 358% 5-Year 10.1% 10-Year 10.0% 20-Year 9.8% 2006 2011 2016 2021 2026 Fortis S&P/TSX Composite Index S&P/TSX Capped Utilities Index Note: Cumulative and average
Slide 14: Dividend Guidance Supported by Long-Term Growth Strategy
DIVIDEND GUIDANCE SUPPORTED BY LONG-TERM GROWTH STRATEGY 4% Dividend Increase in Q4 2026 53 Years of Consecutive Increases in Dividends Paid 4-6% Annual Dividend Growth Guidance through 2031 73 75 77 79 81 83 85 87 89 91 93 95 97 99 01 03 05 07 09 11 13 15 17 19 21 23 25 26F 14
Slide 15: Why Invest in Fortis?
WHY INVEST IN FORTIS? SUSTAINABLE GROWTH LOW-RISK FOCUSED ON EXECUTING SAFE, WELL-RUN UTILITIES Strong Robust Transparent Regulatory Constructive Strong Rate Base Transmission Funding & Geographic Regulatory Governance Growth Pipeline Plan Diversity Relationships Investments to 4-6% Investment-Grade