Fortis (FTS) investor relations material

Opening remarks and agenda

• Meeting opened with land acknowledgment and welcome to both in-person and online participants.

• Meeting held on May 7, 2026, with a formal agenda including appointment of scrutineers, review of financial statements, election of directors, appointment of auditors, executive compensation, voting results, management presentation, and a question period.

• Voting procedures explained, with proxy and live voting options available.

• Agenda included financial statements, director elections, auditor appointment, and executive compensation advisory vote.

Board and executive committee updates

• Board highlighted for strong governance, ranked first among Canadian utilities by The Globe and Mail in 2025.

• Tracey Ball retired after 12 years; Mary Hemmingsen nominated as a new director.

• Board chaired by Jo Mark Zurel, with directors including David G. Hutchens, Pierre J. Blouin, Lawrence T. Borgard, Maura J. Clark, Margarita K. Dilley, Julie A. Dobson, Lisa L. Durocher, Mary C. Hemmingsen, Gregory E. Knight, Gianna M. Manes, and Don R. Marchand.

• Executive team includes David Hutchens (President & CEO), Jocelyn Perry (EVP & CFO), Jim Reid (EVP, Sustainability & Chief Legal Officer), and Stuart Lochray (EVP, Strategy & Business Development).

• Board praised for diverse experience and commitment to sustainable growth.

Corporate governance

• Emphasis on optimal strategic oversight, risk management, and shareholder protection.

• Board and audit committee involved in auditor rotation and maintaining independence.

• Governance practices recognized externally and cited as a foundation for future growth.