Capital Power Corporation · TSX:CPX

Capital Power — CIBC 15th Annual Whistler Institutional Investor Conference 2012

7 slides from Capital Power's conference presentation, Jan 19, 2012

  1. Slide 1: CIBC Institutional Investor Conference

    CIBC Institutional Investor Conference Whistler, BC Stuart Lee, SVP Finance & CFO January 19, 2012

  2. Slide 2: Capital Power overview

    Capital Power overview Growth-oriented independent power producer (IPP) • Trading on the TSX (CPX: fully diluted market cap ~$2.4B) • Spin-off of power generation assets from EPCOR/IPO in mid-2009 High quality generation portfolio • Young and modern fleet with generation capacity of ~3,300 MW • Gene

  3. Slide 3: North American footprint & target markets

    North American footprint & target markets Ownership interest in 15 facilities with more than 3,300 MW  Developing 4 wind projects in BC, AB & Western Canada ON that will add 487 MW between 2012-14 Ontario  Continue to invest in attractive AB power market (53% of owned US Northeast capacity is in A

  4. Slide 4: Strong cash flow generation

    Strong cash flow generation Generating significant discretionary cash flow net of dividends and maintenance capex  Discretionary cash flow represents 47% of Funds from operations(1)  Wind projects will add $140-$160M of EBITDA in 2014  Keephills 3 will start generating full year cash flows in 201

  5. Slide 5: Financial performance and outlook

    Financial performance and outlook Cash flow per share is visible, substantial and growing Normalized EPS Cash flow per share $1.75 $4.50 Estimate Estimate $1.50 - $4.00 $3.90 - $1.70 $4.30 $1.50 $3.50 $3.00 $1.25 $2.50 $1.00 $2.00 (2) 2009 2010 2011E 2012E 2009(2) 2010 2011E 2012E (1) Estimated 3-ye

  6. Slide 6: Questions?

    Questions? 6

  7. Slide 7: Investor Relations contacts

    Investor Relations contacts Randy Mah Senior Manager (780) 392-5305 rmah@capitalpower.com www.capitalpower.com Chris Williams Senior Analyst (780) 392-5105 cwilliams@capitalpower.com www.capitalpower.com 7

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