Brookfield Renewable Partners Lp · TSX:BEP.UN
Brookfield Renewable Partners Lp — Investor Presentation (February 2026)
41 slides from Brookfield Renewable Partners Lp's investor presentation, February 2026
Slide 1: Corporate Profile
Corporate Profile Brookfield Renewable NYSE: BEP, BEPC TSX: BEP.UN, BEPC February 2026
Slide 2: Cautionary Statement Regarding Forward-Looking Statements
Cautionary Statement Regarding Forward-Looking Statements This presentation contains forward-looking statements and information, within the meaning of Canadian securities laws and “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, Section 2
Slide 3: Scale operator of renewable power and transition assets
We are a scale operator of renewable power and transition assets with a leading position across all major technologies Hydro Wind Utility-Scale Distributed Storage Sustainable Solar Energy & Other Solutions Operational Nuclear Services Biofuels 8,500 MW 16,700 MW 14,000 MW 4,800 MW 3,200 MW Operatio
Slide 4: Durable operating cash flows from low-cost assets in developed markets
Generating durable operating cash flows from our low-cost assets in developed markets ~70% ~90% Durable operating cash flows Revenues indexed Contracted for an to inflation average 13-years Diversified in the lowest cost +90% ~75% FFO from established FFO from Developed technologies & developed mark
Slide 5: Cash flows diversified across technologies and regions
Generating cash flows diversified across technologies and regions Weighted to developed markets experiencing the greatest demand growth and the lowest-cost, most mature technologies ~10% FFO Nuclear, 9% ~25% 5% Storage & Emerging 20% Other 11% 44% LTM LTM 16% FFO1 16% FFO1 ~90% FFO 59% ~75% Lowest-c
Slide 6: Strategic partner of choice to the largest buyers of power
We are the strategic partner of choice to the largest buyers of power globally… >10.5 GW 3 GW Renewable Energy Framework Hydro Framework Agreement Agreement BROOKFIELD.COM 6
Slide 7: And increasingly to governments
…And increasingly to governments Westinghouse entered into a transformational nuclear power agreement with the U.S. Government Partnership Agreement Leading reactor technologies An initial $80 billion order from the U.S. Government for development of reactors ~50% of nuclear reactors globally derive
Slide 8: Positioned for a period of outsized earnings growth
We have established value creation capabilities and are positioned to enter a period of outsized earnings growth 12–15% Target total returns Acquire Operate and Recycle Assets Enhance Value Assets Leverage our scale capital Utilize our operating, Sell de-risked assets 10%+ FFO per unit to acquire as
Slide 9: Brookfield Renewable investment highlights
Brookfield Renewable investment highlights Earnings & Balance Sheet Strength & Global Scale & Reach Distribution Growth Access to Scale Capital Presence in all major power Highly visible path to deliver Investment grade balance sheet markets across ~25 countries 10%+ FFO per unit growth and and acce
Slide 10: Earnings & Distribution Growth
Earnings & Distribution Growth 10
Slide 11: Positioned to deliver 10%+ FFO per unit growth annually
We are well positioned to deliver 10%+ FFO per unit growth annually 10%+ FFO Per Unit Growth Annually 2–3% 2–4% 4–6% Accretive Inflation Margin Development M&A Activities Escalation Enhancement Pipeline Supporting our 5 to 9% Distribution Growth Target 2026 2031 BROOKFIELD.COM 11
Slide 12: Investing opportunistically into attractive risk-adjusted opportunities
We invest opportunistically and flexibly into the most attractive risk-adjusted opportunities globally Development M&A ~$850M net to BEP annual deployment Investing in large, differentiated, potential into proprietary development best-in-class platforms and assets ~10 GW Q4 2025 Q2 2025 Run rate by
Slide 13: Balance Sheet Strength & Access to Scale Capital
Balance Sheet Strength & Access to Scale Capital 13
Slide 14: We have a strong balance sheet
We have a strong balance sheet Corporate Debt Non-Recourse Debt Outstanding1 $3.5 billion Outstanding $32 billion Average Rate 4.6% Average Rate 5.9% Average Term 13 Years Average Term 10 Years Fixed Rate 100% Fixed Rate 96%2 Investment Rating BBB+ Available Liquidity Maturity Profile $2.4B Cash, Eq
Slide 15: Funded by diverse sources of scale capital
We are funded by our diverse sources of scale capital Funding Sources ~$ 300 M Preferred Equity ~$ 1,800 M Corporate Debt ~$ 2,100 M 8.6B Asset-Level Up-Financings ~$ ~$ 1,300 M ~$ 3,100M Asset Sales Strategic Equity Issuances Funding sources in the five preceding years from Q1 2021 through February
Slide 16: Capital recycling is becoming more programmatic and recurring
Capital recycling is becoming more programmatic and recurring Large & Growing Scaling Our Recurring Launching Private Portfolio of Assets Recycling Activities Renewable Vehicles ~ 47GW Platform Sales Operating Fleet Minority Stake Sales Creating vehicles with our ~ 10GW Assets Sales partners & concu
Slide 17: Global Scale & Reach
Global Scale & Reach 17
Slide 18: Full-service platforms in all major energy markets
We operate full-service platforms in all major energy markets Europe $28B AUM Asia–Pacific $17B AUM ~$ 145B South Korea China Brookfield Assets Under RenewableChina Management Southeast Asia ~47GW North America $77B AUM India Operating Capacity Latin America $23B AUM Australia & Japan Development Bu
Slide 19: Leading >200 GW global development pipeline
We have a leading >200 GW global development pipeline ~80% of our pipeline is in developed markets ~98% of our pipeline is in the most cost-competitive renewable technologies Development executed by our local platforms supported by our central teams Region Technology 1% 1% 2% 19% 19% Utility Solar N
Slide 20: Operating & Development Expertise
Operating & Development Expertise 20
Slide 21: Deep operating and development capabilities across the value chain
We have deep operating and development capabilities through the global value chain ~6,000 Operating Five Centralized Procurement Engineering Employees Control Centers Grid Optimization Develop, Build and Operate Development >1,000 Global Regulatory Power Marketing Construction Creditworthy Expertise
Slide 22: A differentiated approach to development
We have a differentiated approach to development Local platforms supported by central teams where we can add value No significant capital invested until the project is largely derisked Permitting & Construction & Commercial Interconnection Procurement • Extensive experience in all markets we • Econo
Slide 23: Growing capabilities and staying ahead on key themes
We continue to grow our capabilities and have stayed ahead of the curve on key themes Hydros 1900s 2017 2019 2022 2022 2024 Today Owner & Operator Renewable Developer Nuclear & Battery Storage BROOKFIELD.COM 23
Slide 24: Sector Tailwinds
Sector Tailwinds 24
Slide 25: We have entered a phase of energy addition
We have entered a phase of energy addition Supported By Multi-Decade Trends: Amplified By: Electrification driving Reindustrialization Electricity demand growth increased power powering industrial growth from digitalization, data consumption and grid demand center growth & AI We are adding more new
Slide 26: Renewables best positioned to deliver on demand
Renewables are among the best-positioned technologies to deliver on this demand and enable growth Lowest cost energy Fastest to market Energy security and Clean, and net-zero solution independence are a aligned legislation growing necessity and corporate targets Renewables will be a major part of th
Slide 27: Development business complemented by strategic baseload capabilities
Our leading development business is complemented by our strategic baseload capabilities Hydro Nuclear Batteries Hydro has never been more Nuclear provides scale, Batteries represent the next essential to today’s energy grids, baseload capabilities and frontier to provide more baseload delivering rel
Slide 28: Complementary technologies enhance value for partners
Complementary technologies enhance the value we can provide our partners Lowest-Cost Wind & Reliable Baseload Differentiated Solar Technologies Power Capabilities Solutions & the Strongest Risk- Adjusted Returns Our ability to deliver tailored solutions for our customers will be what continues to se
Slide 29: Experienced Management Team
Experienced Management Team 29
Slide 30: Track record of stable and consistent cash flow growth
We are building on our track-record of more than a decade of stable and consistent cash flow growth 2015 2020 2025 CAGR | Trend FFO $467M $807M $1,334M 11% FFO per Unit $0.90 $1.32 $2.01 8% Distribution per Unit $0.89 $1.16 $1.49 5% Contracted Generation ~90% ~90% ~90% Stable Liquidity $1.2B $3.3B $
Slide 31: Positioned to continue to invest for value
We are positioned to continue to invest for value M&A growth opportunities Expected capital Development pipeline deployment of Increasing demand for power $9–10+ billion over the next five years Sustainable funding model Flexibly allocating capital to the most attractive risk adjusted opportunities
Slide 32: Only player equipped to deliver comprehensive energy solutions at scale
We are the only player equipped to deliver comprehensive energy solutions across all key markets at scale We are in markets with We have the right mix of We have the capabilities accelerating demand technologies We are best positioned to deliver the required energy solutions in today’s market, which
Slide 33: Key takeaways
Key takeaways Growth opportunities for our business and sector are better than ever Business is positioned to enter a period of outsized earnings growth We have a strong balance sheet and diverse sources of capital to fund our strategy Never been better positioned to deliver on our long-term financi
Slide 34: Appendix I—Brookfield Renewable Partners Overview
Appendix I—Brookfield Renewable Partners Overview 34
Slide 35: Brookfield Renewable
Brookfield Renewable Senior Management Team Symbol & Market Cap1 Brookfield Participation Connor Teskey Chief Executive Officer NYSE: BEP, BEPC Wyatt Hartley Co-President, Head of NA Asset Management TSX: BEP.UN, BEPC ~47% Equity Interest; Jennifer Mazin Co-President & General Counsel ~$23B GP & Man
Slide 36: Corporate Structure
Corporate Structure Brookfield Renewable is the listed company of Brookfield Brookfield1 focused on investing in renewable power and transition Management Fees Investment & IDR’s ~47% • Brookfield has a ~47% interest in Brookfield Renewable Brookfield Renewable (BEP/BEPC) • Strong unitholder alignme
Slide 37: Ability to invest through a corporation or publicly traded partnership
Ability to invest through a corporation or publicly traded partnership Brookfield Renewable Corporation (NYSE, TSX: BEPC), a subsidiary of BEP L.P., was created to offer an economically equivalent security to BEP L.P., but in the form of a more traditional corporate structure BEPC BEP Dividends/Dist
Slide 38: Appendix II—Sustainability Approach
Appendix II—Sustainability Approach 38
Slide 39: Strong sustainability practices create long-term stakeholder value
Strong sustainability practices create long-term stakeholder value We have established a robust and enduring approach to deliver decarbonization globally and integrate sustainability throughout the lifecycle of our business Environmental Social Governance Achieve net-zero Scope 1 and 2 Achieve 100%
Slide 40: Leader in renewable energy & transition
Leader in renewable energy & transition Industry & Trade Associations: We actively engage with associations to learn from best practices, as well as contribute to progressing sustainability across our industry. Rating agencies: Through executing our plans, improving our disclosures and MSCI: AA Scor
Slide 41: Endnotes
Endnotes Slide 4 1. Total floating rate exposure is 16% of which 12% is related to floating rate debt exposure of certain foreign regions outside of North America and Europe due to the high cost of hedging associated with those regions Slide 14 1. Excludes commercial paper of $194M 2. Total floating
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