Northland Power Inc. · TSX:NPI
Northland Power — Shareholder Meeting (2023)
18 slides from Northland Power's shareholder meeting presentation, 2023
Slide 1: Annual Meeting
NORTHLAND POWER Annual Meeting
Slide 2: Welcome
Welcome John Brace Chair of Board of Directors 2
Slide 3: Agenda
Agenda 1 Call to Order 2 Presentation of Financial Statements and Auditor’s Report 3 Election of Directors 4 Re-Appointment of Auditors for the Corporation and Authorization to Fix Remuneration 5 Advisory Vote on Executive Compensation 6 Termination of Meeting 7 Management Presentation 3
Slide 4: Board of Directors
Board of Directors John Brace Linda Bertoldi Lisa Colnett Kevin Glass Russell Goodman Chair of the Board Director Since: 2011 Director Since: 2020 Director Since: 2021 Director Since: 2014 Director Since: 2018 Keith Halbert Helen Mallovy Hicks Ian Pearce Eckhardt Ruemmler Director Since: 2019 Direct
Slide 5: Agenda
Agenda 1 Call to Order 2 Presentation of Financial Statements and Auditor’s Report 3 Election of Directors 4 Re-Appointment of Auditors for the Corporation and Authorization to Fix Remuneration 5 Advisory Vote on Executive Compensation 6 Termination of Meeting 7 Management Presentation 5
Slide 6: Corporate Overview
Corporate Overview Mike Crawley President & CEO 6
Slide 7: Transforming Power
Transforming Power Since our inception, we’ve been early movers in the energy industry, adopting new initiatives that pave the way for communities across the globe and helping forge their path towards a carbon-neutral landscape. We’re a different kind of independent power producer. As developers, ow
Slide 8: Northland - An Energy Transition Growth Story
Northland - An Energy Transition Growth Story Expanding Operations Capacity + EBITDA 6GW 1 Renewables EBITDA country Non-Renewables EBITDA $1.7-1.9B Gross Capacity 83% 3GW 6 12 countries countries $1.2-1.3B 1GW 80% $0.3B $0.1B 2015 2023 2015 2023 2027 $3.2B Market Cap $7.6B Total Shareholder Return
Slide 9: Highlights 2022
Highlights 2022 Project Execution Growth Pipeline • Secured EPC contracts for Hai Long and Executed • Increased size of overall pipeline from 14GW to 744MW CPPA over 20GW • Completed 1.2GW Baltic Power supplier selection • Acquired 1.6GW solar development platform and team in Alberta • Secured Balti
Slide 10: Realigning our business operations
Realigning our business operations • Northland has evolved to a technology-focused business unit (BU) operating model to support scalability globally. • From development, to engineering and construction, to operations, the new operating model enables streamlined end-to-end ownership throughout an as
Slide 11: Diversified Asset Portfolio with Development Upside
Diversified Asset Portfolio with Development Upside Europe (Offshore Wind): Canada: Operated: 1,184 MW Scotland: Development: 2,758 MW Operated: 1,267 MW Development: 2,340 MW Development : 1,850 MW U.S.: Development: 220 MW South Korea: Spain: Development: up to 3,400 MW Japan: Operated: 559 MW Dev
Slide 12: Sustainable Growth
Total Pipeline Sustainable Growth Other (10%) Solar (25%) Strong Growth Portfolio Across Multiple Technology Offshore wind Onshore Technologies (60%) 20GW wind (5%) Continue to target Europe and Asia as key markets for offshore wind development Expand onshore footprint in North America, Colombia as
Slide 13: 2023 Focus
2023 Focus Progressing Key projects to financial close Taiwan | Hai Long 1.0 GW Poland | Baltic Power 1.2 GW Canada | Oneida Battery Storage 250 MW • Partners on project include Mitsui & Co., Japan- • Partner with PKN ORLEN, the largest Polish oil and based global trading company and Yushan Energy,
Slide 14: Asia Offshore Wind
Asia Offshore Wind Taiwan | Hai Long 1.0 GW • Executed majority of the key contracts for the project • Signed 15-year Turbine O&M with OEM (Siemens Gamesa) HL3 HL2 • Will deploy Siemens 14 MW Turbine (recently certified) • Major construction programs running as planned. • Commenced early constructio
Slide 15: Europe Offshore Wind
Europe Offshore Wind Poland | Baltic Power 1.2 GW Baltic Power • Signed Preferred supplier agreements with Vestas 15MW wind turbines, export cables and onshore and offshore substations • Agreements for the transport and installation of the turbines and for the foundations of all substation elements
Slide 16: 2023 Funding Plan
2023 Funding Plan Uses Sources • Majority of the 2023 growth equity capital has been 2023 Funds to secured Raise (Corp Hybrids, other partnerships/ Sell-downs, • Corporate hybrid bonds are a material part of Corp Revolver, and asset refinancings) remaining funding plan Hai Long (2023 costs) • Not cu
Slide 17: Q&A
Q&A
Slide 18: Northland Power Investor Relations
Northland Power Wassem Khalil Email: investorrelations@northlandpower.com 30 St. Clair Avenue West, Senior Director Investor Relations & Strategy 12th Floor 647.288.1019 Website: northlandpower.com Toronto, ON Canada M4V 3A1