Brookfield Renewable Partners Lp · TSX:BEP.UN
Brookfield Renewable Partners Lp — Merger or Acquisition (March 2023)
10 slides from Brookfield Renewable Partners Lp's merger presentation, Mar 26, 2023
Slide 1: Origin Energy: A Strategic Platform In Australia
Origin Energy A Strategic Platform In Australia INVESTOR PRESENTATION MARCH 2023
Slide 2: Investment Highlights
Investment Highlights Brookfield Renewable along with its institutional partners signed a binding agreement to acquire Australia’s largest integrated power generation and energy retailer business (“Gentailer”) • Landmark transaction accelerates the decarbonization of Australia’s energy grid Market L
Slide 3: Transaction Summary
Transaction Summary Acquisition Details • Brookfield Renewable and its institutional partners, including GIC and Temasek, (collectively, “Brookfield”) and MidOcean Energy, an LNG company formed and managed by EIG, has entered into a Scheme Implementation Deed with Origin Energy Limited (ASX: ORG) to
Slide 4: Origin EM - Australia's Leading Gentailer
Origin EM - Australia’s Leading Gentailer Origin EM is Australia’s largest Gentailer with a strong management team and approximately 3,400 employees Energy Retailer – lowest cost to serve energy retailer with 4.5 million customer accounts representing approximately 24% of the National Energy Market
Slide 5: Opportunity to create a leading renewables platform in Australia
Opportunity to create a leading renewables platform in Australia • Opportunity to invest at least A$20 billion to Origin Generation Profile build up to 14 gigawatts of renewable, 40 storage and firming capacity over the next decade to serve the existing energy retail 35 customer base and help decarb
Slide 6: Meaningfully derisking Australia's energy transition
Meaningfully derisking Australia’s energy transition • Brookfield’s access to capital, track record Origin EM Emissions Profile and development expertise and global 35 relationships will enable an accelerated 30 build out of renewables • Will allow for the shutdown of Eraring, one 25 ~70% reduction
Slide 7: Business plan significantly reduces emissions
Business plan significantly reduces emissions Impact on Emissions Reduction • Brookfield is committed to a Paris-Aligned 0.90 Carbon Intensity (MtO2e/TWh) business plan with interim targets set for 0.80 2030 and a net zero pathway to 2050 0.70 ~80% Scope 1 + Scope 2 • With our development expertise
Slide 8: Positioned to benefit from the electrification of the Australian economy
Positioned to benefit from the electrification of the Australian economy Origin is well positioned to benefit from the decentralization of Australia’s energy system • Platform of 4.5 million customers presents a unique Batteries Renewable advantage to maintain a leading market share position PPAs in
Slide 9: Immediately accretive to cash flows & further diversifies our business
Immediately accretive to cash flows & further diversifies our business Adding scale in an attractive market and increasingly differentiating the quality of our cash flows At close, coal will represent 1% of cash Diversified Growing Global 14 - year Average flows but will decline Technology Footprint
Slide 10: Strong balance sheet and ample liquidity to fund acquisition
Strong balance sheet and ample liquidity to fund acquisition Brookfield Renewable expects to invest up to $750 million with the remaining equity invested by institutional partners BBB+ $3.7 billion of Investment Grade $1.5 billion in Asset Available Liquidity Balance Sheet Recycling1 Our investment
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