Brookfield Renewable Corporation · NYSE:BEPC
Brookfield Renewable — Brookfield Renewable Partners L.P. Limited Partnership Units — Q1 2025 Earnings Presentation
36 slides from Brookfield Renewable's earnings presentation, May 2, 2025
Slide 1: Brookfield Renewable Partners L.P. Q1 Supplemental Information
Brookfield —. 20 25— Brookfield Renewable Partners L.P. Q1 SUPPLEMENTAL INFORMATION
Slide 2: Cautionary Statement Regarding Forward-Looking Statements
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This Supplemental Information contains forward-looking statements and information, within the meaning of Canadian securities laws and “forward-looking statements” within the meaning of
Slide 3: Q1 2025 Highlights
Q1 2025 Highlights (MILLIONS, EXCEPT AS NOTED) Three months ended 2025 2024 $315M 7% $4.5B Select Financial Information FUNDS FROM FFO PER UNIT AVAILABLE Revenues $ 1,580 $ 1,492 OPERATIONS INCREASE LIQUIDITY Proportionate Adjusted EBITDA(1) 625 575 FFO(1) 315 296 Normalized FFO(1)(2) 338 308 PERFOR
Slide 4: Q1 2025 Highlights (cont'd)
Q1 2025 Highlights (cont’d) OPERATIONS GROWTH AND DEVELOPMENT • Our large global operating fleet which is approximately 90% contracted, • Together with our institutional partners, we have deployed or committed to with approximately 70% of revenues indexed to inflation is largely deploy ~$4.6 billion
Slide 5: About Brookfield Renewable
About Brookfield Renewable We are a global leader in decarbonization, with diverse, integrated operating platforms on five continents with operating, development and power marketing expertise ~$126 billion ~43,300 TOTAL POWER AND SUSTAINABLE MEGAWATTS OF TOTAL SOLUTIONS ASSETS(1) OPERATING CAPACITY
Slide 6: Overview of Our Operations
Overview of Our Operations Our global diversified portfolio of power assets, of which renewables makes up over 98%, has approximately 43,300 MW of operating capacity and annualized LTA generation of approximately 120,000 GWh and a development pipeline of approximately 227,200 MW. The table below out
Slide 7: Diversified, stable and inflation-linked cash flows
Diversified, stable and inflation-linked cash flows Weighted to developed markets and the lowest-cost renewable technologies ~90% of generation, on a proportionate basis, is contracted for an average term of 14-years ~70% of revenues indexed to inflation FFO by Technology FFO by Region (proportionat
Slide 8: Strong Track Record of Growth
Strong Track Record of Growth We target 10%+ FFO per unit growth per year. Over the past 10+ years we have delivered consistent growth for our unitholders, supporting our distribution $1,217 11% CAGR $347 2012(9) 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 CAGR FFO (US$ M)(1)(10) $34
Slide 9: Distributions have grown at a compounded annual growth rate of 6%
Distributions have grown at a compounded annual growth rate of 6% since inception • We target a long-term distribution growth rate in the range of 5% to 9% annually • The next quarterly distribution in the amount of $0.373 per LP unit, is payable on June 30, 2025 to LP unitholders of record as at th
Slide 10: Generation and Financial Review for the Three Months Ended March 31
Generation and Financial Review for the Three Months Ended March 31 10
Slide 11: Performance Measurement
Performance Measurement Segmented Information Brookfield Renewable operations are segmented by – 1) hydroelectric, 2) wind, 3) utility-scale solar, 4) distributed energy and storage (distributed generation, pumped storage and battery energy storage systems), 5) sustainable solutions (renewable natur
Slide 12: Financial Results for the Three Months Ended March 31
Financial Results for the Three Months Ended March 31 For each operating segment, this Supplemental Information outlines Brookfield Renewable’s proportionate share of results in order to demonstrate the impact of key value drivers of each operating segment on the partnership’s overall performance. (
Slide 13: Hydroelectric Operations
Hydroelectric Operations FINANCIAL RESULTS The following table presents our proportionate results for the three • FFO at our North American business was $103 million versus months ended March 31: $137 million in the prior year as the benefit from higher average revenue per MWh due to recontracting i
Slide 14: Wind and Utility-scale solar
Wind and Utility-scale solar The following table presents our proportionate results of our wind The following table presents our proportionate results of our business for the three months ended March 31: utility-scale solar business for the three months ended March 31: (MILLIONS, EXCEPT AS NOTED) 20
Slide 15: Distributed energy & storage, sustainable solutions and Corporate
Distributed energy & storage, sustainable solutions and Corporate The following table presents our proportionate results for our Distributed The following table presents Corporate results for the three months energy and storage business for the three months ended March 31: ended March 31: (MILLIONS,
Slide 16: Capitalization and Available Liquidity
Capitalization and Available Liquidity CAPITALIZATION AVAILABLE LIQUIDITY A key element of our financing strategy is to raise the majority of our debt We operate with sufficient liquidity to enable us to fund growth in the form of asset-specific, non-recourse borrowings at our subsidiaries initiativ
Slide 17: Borrowings
Borrowings The following table summarizes our undiscounted principal and scheduled amortization repayments on a proportionate basis: Rest of (MILLIONS) 2025 2026 2027 2028 2029 Thereafter Total Principal repayments(13) Medium term notes(14) $ 278 $ — $ 348 $ — $ 330 $ 2,364 $ 3,320 Hybrid note(14) —
Slide 18: Contract Profile
Contract Profile The following table sets out our contracts over the next five years for generation output in North America, Brazil, Europe, and other countries in Asia on a proportionate basis, assuming long-term average. The table excludes Brazil and Colombia hydroelectric portfolios, where we wou
Slide 19: Development Profile
Development Profile Expected to deliver ~$440 million of annualized FFO from our recently developed, under construction or construction-ready, and advanced stage development assets over the next three years. The following table summarizes the 770 MW and 7,046 MW of assets that reached commercial ope
Slide 20: Appendix 1 – Reconciliation of Non-IFRS Measures
Appendix 1 – Reconciliation of Non-IFRS Measures 20
Slide 21: Segment Reconciliation on a Proportionate Basis – Three Months Ended March 31, 2025
Segment Reconciliation on a Proportionate Basis – Three Months Ended March 31, 2025 The following table reflects Adjusted EBITDA and FFO and provides reconciliation to IFRS financial data for the three months ended March 31, 2025: Attributable to Unitholders Contribution Attributable to from equity-
Slide 22: Segment Reconciliation on a Proportionate Basis – Three Months Ended March 31, 2024
Segment Reconciliation on a Proportionate Basis – Three Months Ended March 31, 2024 The following table reflects Adjusted EBITDA and FFO and provides reconciliation to IFRS financial data for the three months ended March 31, 2024: Attributable to Unitholders Contribution Attributable to Distributed
Slide 23: Reconciliation of Non-IFRS Measures
Reconciliation of Non-IFRS Measures The following table reconciles the non-IFRS financial measures to the most directly comparable IFRS measures. Net income (loss) is reconciled to Adjusted EBITDA for the three months ended March 31, 2025: Hydroelectric Distributed UNAUDITED North Utility-scale ener
Slide 24: Reconciliation of Non-IFRS Measures
Reconciliation of Non-IFRS Measures The following table reconciles the non-IFRS financial measures to the most directly comparable IFRS measures. Net income (loss) is reconciled to Adjusted EBITDA for the three months ended March 31, 2024: Hydroelectric Distributed UNAUDITED North Utility-scale ener
Slide 25: Reconciliation of Non-IFRS Measures
Reconciliation of Non-IFRS Measures The following table reconciles the non-IFRS financial metrics presented in this report to the most directly comparable IFRS measures: Three months ended March 31 UNAUDITED (MILLIONS) 2025 2024 Net loss $ (108) $ (70) Add back or deduct the following: Depreciation
Slide 26: Reconciliation of Non-IFRS Measures (cont'd)
Reconciliation of Non-IFRS Measures (cont'd) The following table reconciles the non-IFRS per unit financial metrics to the most directly comparable IFRS measures. Earnings per LP unit is reconciled to FFO per Unit and Normalized FFO per Unit for the three months ended March 31: Three months ended Ma
Slide 27: Segment Proportionate Balance Sheet
Segment Proportionate Balance Sheet Attributable to Unitholders Contribution Attributable to Utility- Distributed from equity- non- As per scale energy & Sustainable accounted controlling IFRS (MILLIONS) Hydroelectric Wind solar storage solutions Corporate Total investments interests financials As a
Slide 28: Appendix 2 – Additional Information
Appendix 2 – Additional Information 28
Slide 29: Annualized Proportionate Renewable Long-term Average Generation
Annualized Proportionate Renewable Long-term Average Generation GENERATION (GWh)(24) Q1 Q2 Q3 Q4 Total Hydroelectric North America United States 2,217 2,352 1,465 1,948 7,982 Canada 1,014 1,214 984 962 4,174 3,231 3,566 2,449 2,910 12,156 Colombia(25) 850 919 897 1,012 3,678 Brazil 956 968 981 983 3
Slide 30: Annualized Consolidated Renewable Long-term Average Generation
Annualized Consolidated Renewable Long-term Average Generation GENERATION (GWh)(3) Q1 Q2 Q3 Q4 Total Hydroelectric North America United States 3,370 3,435 2,166 2,911 11,882 Canada 1,239 1,493 1,240 1,221 5,193 4,609 4,928 3,406 4,132 17,075 Colombia(27) 3,757 4,090 3,992 4,509 16,348 Brazil 1,059 1
Slide 31: Appendix 3 – Presentation to Stakeholders and Performance Measurement
Appendix 3 – Presentation to Stakeholders and Performance Measurement 31
Slide 32: Presentation to Stakeholders
Presentation to Stakeholders Actual and Long-term Average Generation For assets acquired, disposed or reaching commercial operation during the period, reported generation is calculated from the acquisition, disposition or commercial operation date and is not annualized. As it relates to Colombia onl
Slide 33: Performance Measurement
Performance Measurement One of our primary business objectives is to generate reliable and growing cash flows while minimizing risk for the benefit of all stakeholders. We monitor our performance in this regard through four key metrics – i) Net Income (Loss), ii) Adjusted Earnings Before Interest, T
Slide 34: Endnotes
Endnotes (1) Includes investments in our sustainable solutions portfolio including our investment in a leading global nuclear services business and a portfolio of investments in carbon capture and storage capacity, agricultural renewable natural gas, materials recycling and eFuels manufacturing capa
Slide 35: Endnotes
Endnotes (21) Amount attributable to equity accounted investments corresponds to the Funds From Operations that are generated by its investments in associates and joint ventures accounted for using the equity method. Amounts attributable to non-controlling interest are calculated based on the econom
Slide 36: BEP BEPC BEP.UN BEPC
NYSE: NYSE: BEP BEPC TSX: TSX: BEP.UN BEPC https://bep.brookfield.com https://bep.brookfield.com/bepc 36
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