Northland Power (NPI) Investor Presentation summary

Company overview and financials

• Over 37 years of operations with more than 1,200 employees and $14B in total assets as of March 2025.

• Weighted average contracted revenue life of ~15 years and over 90% of revenue contracted.

• BBB credit rating reaffirmed in 2024 and a market cap of $5.2B as of May 2025.

• 3.4 GW in operations and 2.2 GW under construction across multiple regions.

Global footprint and project portfolio

• Operations span Canada, US, Colombia, Spain, Northern Europe, and Taiwan, with over 3.2 GW operating and 2.2 GW under construction.

• Offshore wind is a major focus, with 1.2 GW operating and 2.2 GW under construction.

• Onshore renewables, natural gas, and battery storage diversify the portfolio.

Growth strategy and pipeline

• 2.4 GW of growth secured through 2027, with a total development pipeline of 10 GW excluding projects under construction.

• Fully funded construction program supports growth, with major projects in Poland, Taiwan, and Canada.

• Adjusted EBITDA expected to grow at a 7-10% CAGR, reaching $1.6-1.8B by 2027.