Brookfield Renewable (BEPC) investor relations material

Business overview and strategy

• Operates a global portfolio of renewable power and transition assets, spanning hydro, wind, solar, storage, nuclear, and sustainable solutions, with over 275 GW in assets and development pipeline.

• Generates durable, inflation-indexed cash flows, with 90% of revenues contracted for an average of 13 years and 75% of FFO from developed markets.

• Strategic partnerships with major corporate buyers and governments, including transformational nuclear agreements and large-scale renewable frameworks.

• Positioned for outsized earnings growth, targeting $9-10+ billion capital deployment over five years, 12-15% total returns, and 10%+ FFO per unit growth.

• Focuses on acquiring, operating, enhancing, and recycling assets to fund further growth.

Financial strength and capital management

• Maintains an investment grade BBB+ balance sheet, with $32B in corporate debt at a 4.6% average rate and 13-year average term.

• 96% of debt is fixed rate, and available liquidity stands at $4.6B as of December 2025.

• Diverse funding sources include preferred equity, corporate debt, asset-level financings, strategic equity issuances, and asset sales totaling $8.6B over five years.

• Capital recycling is increasingly programmatic, with recurring platform, minority stake, and asset sales, and the launch of private renewable vehicles.

Global scale, reach, and development pipeline

• Operates in all major energy markets with $145B in assets under management and 47 GW operating capacity.

• Over 200 GW development pipeline, with 80% in developed markets and 98% in cost-competitive technologies.

• Local platforms are supported by central teams for development, procurement, and power marketing.