Northland Power (NPI) Investor presentation summary

Strategic direction and leadership

• New executive leadership team and board chair appointed since 2024, driving a refreshed strategic focus.

• Strategy centers on disciplined growth, operational excellence, and capital allocation in core markets.

• Focus on electrification, decarbonization, and energy security to address rising global electricity demand.

• High-grading project pipeline and targeting value enhancement opportunities in select regions.

• Board and management team bring global industry experience to support growth and transformation.

Operational performance and project delivery

• Operating 3.5 GW of capacity with over 95% contracted revenue and 2.2 GW under construction.

• Achieved 30% reduction in carbon intensity since 2019 and avoided 2.7Mt of emissions.

• Completed Oneida Energy Storage facility ahead of schedule and under budget.

• Maintains high operational availability, exceeding industry benchmarks in both Americas and International segments.

• Emphasizes safety, agile supply chain management, and empowered local teams for project execution.

Growth outlook and market focus

• Plans to double gross operating capacity to 7+ GW by 2030, targeting 16% CAGR.

• Five-year gross investment of $5.8–6.6B, with no expected common equity issuances.

• Core markets include Canada, Poland, Spain, UK, and Asia, with disciplined market and technology selection.

• Pipeline includes early, mid, and late-stage projects across renewables, storage, and natural gas.

• New projects: Poland BESS (300 MW/1,200 MWh), Collisard (120 MW natural gas), and Quebec wind expansion.