Northland Power : Investor Presentation - May 2025

Published: 2025-05-29 09:11:48 ET NPI.TO

Published on 05/29/2025 at 09:11

May 2025

Baltic Power, Poland

Investor Relations: Public

Northland Overview

Northland Overview

37+

Years of success

2.2

GW

Under

construction3

>1,200

Employees1

3.4 GW

In operations3

~15yrs

Weighted average

contracted revenue life2

90%+

Contracted revenue

BBB

Credit rating4

$5.2B

Market cap5

$14B

Total assets6

Includes 557 employees at EBSA in Colombia. Includes all employees, permanent and temporary; full-time and part-time

Including gross operating and construction projects

Gross capacity gigawatts (GW)

S& P Global and Fitch ratings reaffirmed in 2024

2

Market cap as of May 14, 2025

As of Mar 31, 2025

Oneida, BESS

Global Footprint

Canada

Operating

1,511 MW

Northern Europe (offshore wind)

Operating

1,192 MW

In Construction

1,140 MW

United States

Operating

220 MW

Colombia

Operating Utility

500,000+ customers

Operating

16 MW

Spain

Operating

559 MW

Taiwan

In Construction

1,022 MW

Operating Assets (Gross) Assets Under Construction (Gross) TOTAL

GW

Offshore

Wind

GW

Onshore

Wind/Solar

0.7 GW

Natural

Gas

0.3 GW

Battery

2.2 GW

Offshore Wind

3.2 GW

Operating

2.2 GW

3

Construction

Significant Construction Pipeline

Including Construction Projects

~6.0 GW1

2.4 GW of growth secured through 2027

Secured Financial Growth

Investment grade balance sheet with fully funded construction program

1,140 MW

1,022 MW

250 MW

7-10%

CAGR

Baltic Power

Oneida Canada COD:

Mid

2025

Hai Long

Taiwan

COD: 2026-27

Poland

COD: 2026

3.2 GW

Existing

Operations

5%

$1.0b

CAGR

2023

2027E

2019

2024

2027E

Once Construction Projects

Based on installed gross capacity and before any potential sell downs. Excludes any further potential developments during

this time.

See Reporting of Non-IFRS Measures

Commence Operations

44

Growth Markets

Taiwan

Canada

Offshore

Wind

Poland Scotland South

Scotland

US

(Excl. 2.2 GW of projects under construction)

Development

Pipeline

Onshore

Renewables Ontario

New York

Korea

Alberta

South Korea

Poland

Natural Gas

& Utilities

Canada Colombia

5

Disclaimer

Northland Power Inc. published this content on May 29, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 29, 2025 at 13:09 UTC.