Brookfield Renewable Corporation · NYSE:BEPC
Brookfield Renewable — Brookfield Renewable Partners — Investor Day (September 2026)
57 slides from Brookfield Renewable's investor day presentation, September 2026
Slide 1: Brookfield Renewable Partners
Brookfield Renewable Partners
Slide 2: Key Messages and Q&A
Delivering the Energy Solutions of the Future Converting Opportunities Into Sustained Growth Positioned for a Stronger Valuation Key Messages and Q&A
Slide 3: Delivering the Energy Solutions of the Future
Delivering the Energy Solutions of the Future Connor Teskey Chief Executive Officer
Slide 4: Another year of record performance
Another year of record performance Record Record Record Financial results Development Capital raising Building on our track record of long-term value creation and sustainable cash flow growth BROOKFIELD.COM 4
Slide 5: We are in the Energy Addition
We are in the Energy Addition Average Annual Electricity Demand Growth (TWh) 144 +77 TWh 67 +54 TWh 13 2015-2020 2020-2025 2025-2030E Reindustrialization, electrification and digitalization are driving an acceleration in electricity demand BROOKFIELD.COM 5
Slide 6: Power has become a constraint on economic growth
Power has become a constraint on economic growth Speed & cost Reliability Security All at a scale we have never seen before BROOKFIELD.COM 6
Slide 7: Driving the need for development of grids of the future
Driving the need for development of grids of the future Speed & Cost Reliability Security + + Renewables Batteries Nuclear We have the capabilities to deliver the next generation of energy solutions BROOKFIELD.COM 7
Slide 8: Renewables are the dominant source of new generation
Renewables are the dominant source of new generation Net Global Electric Capacity Additions by Technology (GW) 996 853 205 410 659 92 156 ~ 80 % 380 Net electricity additions in 791 567 697 2025 were from renewables 2021 2022 2023 2024 2025 Renewables (Solar & Wind) Other BROOKFIELD.COM 8
Slide 9: Batteries are scaling fast
Batteries are scaling fast Commissioned Battery Capacity Globally (GW) 108GW 108 Added globally in 2025 21 80 % 77 14 + 44 87 Growth CAGR over 4 years 12 63 18 90 % 10 32 ~ 2021 2022 2023 2024 2025 Cost decline since 2010 Utility-scale Behind-the-meter BROOKFIELD.COM 9
Slide 10: Nuclear is entering a new era of growth
Nuclear is entering a new era of growth 38 ~ 200 + 300 GW Countries expanding the Reactors under Target expansion in role of nuclear construction or planned U.S. by 2050 BROOKFIELD.COM 10
Slide 11: We are best positioned to deliver what the market needs
We are best positioned to deliver what the market needs BROOKFIELD.COM 11
Slide 12: We have the leading global renewables business
We have the leading global renewables business Hydro Solar and Wind ~ 8GW # 1 ~ 32 GW ~ 8 GW Operating capacity Private operator in N.A. Operating capacity Development run-rate BROOKFIELD.COM 12
Slide 13: We are among the largest and most capable players in storage
We are among the largest and most capable players in storage • Largest battery platforms in N.A. & Australia Battery Storage • Largest batteries in Sweden, Finland & Australia ~ 5GW > 80 GW • Developing the largest battery in Canada Operating capacity Development pipeline BROOKFIELD.COM 13
Slide 14: Westinghouse is critical to delivering nuclear power at scale
Westinghouse is critical to delivering nuclear power at scale 90 + >50 % >60 % Global pipeline of of the world's reactors of the global fleet serviced AP1000 reactors derive from its technology by Westinghouse BROOKFIELD.COM 14
Slide 15: The nuclear renaissance is just getting started…
The nuclear renaissance is just getting started… Extensions United States Global & Restarts $ 80 B 40 90 %+ Department of Commerce Advanced AP1000 Reactor extension success reactor projects reactor projects rate in the U.S. $ 17.5 B 50 + 4 Department of Energy Origination stage AP1000 U.S. reactor r
Slide 16: …and we have what it takes to deliver it
…and we have what it takes to deliver it Differentiated Large-scale Access to Commercial and sector expertise project capabilities scale capital govt. relationships BROOKFIELD.COM 16
Slide 17: Our platform is further differentiated by our capabilities
Our platform is further differentiated by our capabilities BROOKFIELD.COM 17
Slide 18: The scale of our business enhances solutions we can deliver…
The scale of our business enhances solutions we can deliver… ~$ 150 B North America $81B AUM Europe $30B AUM Assets under management ~ 50 GW Operating capacity Asia–Pacif ic $18B AUM > 200 GW Latin America Development pipeline $24B AUM BROOKFIELD.COM 18
Slide 19: …strengthens our execution and mitigates risk…
…strengthens our execution and mitigates risk… De-risks operations Develops in-house Enables us to navigate and and growth expertise and capabilities adapt to policy changes BROOKFIELD.COM 19
Slide 20: …enables strategic, differentiated relationships…
…enables strategic, differentiated relationships… > 10.5GW 3GW $ 98B Global Global Renewable U.S. Hydro U.S. Government Supplier relationships Energy Framework Framework partnerships to Agreement Agreement deploy nuclear BROOKFIELD.COM 20
Slide 21: …And allows us to be disciplined when pursuing opportunities
…And allows us to be disciplined when pursuing opportunities Avoid mistakes Batteries and nuclear are our + fastest-growing businesses today Act decisively = Deliver outsized returns BROOKFIELD.COM 21
Slide 22: Bringing this all together…
Bringing this all together… BROOKFIELD.COM 22
Slide 23: We are better positioned today than ever before…
We are better positioned today than ever before… Capabilities Scale Discipline • Diversity of opportunities • Higher-quality businesses • Better investment outcomes • Identifiable growth areas • Stronger partnerships • Ability to focus on the best • Stronger execution • Adaptability to change • Asym
Slide 24: Converting Opportunities into Sustained Growth
Converting Opportunities into Sustained Growth Amanda Laszutko Managing Director, Investments
Slide 25: Our growth engine creates a virtuous cycle of value creation
Our growth engine creates a virtuous cycle of value creation Large leading platform with Deploy scale capital into capabilities and capital 1 2 M&A and development Further scale platform, Capture outsized energy capital and differentiation 4 3 demand, contracting cash flows BROOKFIELD.COM 25
Slide 26: Growth focused on enhancing our capabilities positions us as partner of choice
Growth focused on enhancing our capabilities further positions us as the partner of choice BROOKFIELD.COM 26
Slide 27: We are uniquely positioned to deploy batteries at scale
We are uniquely positioned to deploy batteries at scale Capturing rising demand through our proprietary operating fleet and pipeline Existing Operating Assets Development Opportunity Existing Asset Opportunity ~ 5GW + 80 GW ~ 50 GW Battery Fleet Total Battery Pipeline Renewable Operating Fleet BROOK
Slide 28: Corporates and sovereigns are balancing their power needs
Corporates and sovereigns are balancing their power needs Low cost Fast to market Flexibility 24/7 Power Security Delivering across the spectrum wins us more business, generates stronger returns and de-risks our growth BROOKFIELD.COM 28
Slide 29: We have flexibility in how and where we deploy capital
We have flexibility in how and where we deploy capital Development M&A Growing our platforms Buying new platforms ~ 90 GW Advanced stage pipeline ~$ 100 B EV of M&A opportunities The scale and diversity of our growth means we are not reliant on any single project or acquisition BROOKFIELD.COM 29
Slide 30: Evolving to continue investing in only the best opportunities
Evolving to continue investing in only the best opportunities Acquired vs. Developed Capacity (MW) 12,000 Balanced Growth 10,000 8,000 6,000 4,000 2,000 M&A and 0 Development 2021 2022 2023 2024 2025 M&A Development BROOKFIELD.COM 30
Slide 31: Our disciplined development activities are delivering growth
Our disciplined development activities are delivering growth Local expertise & Commercial & Scale global capabilities supplier relationships capital Development is a high-returning activity where we have differentiated capabilities BROOKFIELD.COM 31
Slide 32: We continue to scale development to meet demand
We continue to scale development to meet demand Renewable Energy Development (MW) 12,000 ~ 11 GW 10,000 Expanding our operating capacity 8,000 6,000 4,000 2,000 0 2021 2022 2023 2024 2025 2026 2027 2028 Growing our recycling pipeline Delivered Capacity Expected Capacity Delivered BROOKFIELD.COM 32
Slide 33: M&A is a core competency that delivers value
M&A is a core competency that delivers value 150 + Investment Transact professionals at scale Differentiated Flexible execution structuring BROOKFIELD.COM 33
Slide 34: We execute on large opportunities that others cannot
We execute on large opportunities that others cannot $ 11 B $ B9 7 $ B $ B6 ~$4B Co-invest ~$4B Co-invest ~$1B Partner capital ~$1B Co-invest Wind, solar & batteries Hydro Wind & solar Batteries & storage Battery capabilities Baseload in a strong market Core growth markets Battery capabilities Colle
Slide 35: We see significant opportunities to deploy capital
We see significant opportunities to deploy capital 1 Baseload 2 Nuclear $ 11 B+ 3 Solar and wind Increasing our deployment over the next five years 4 New technologies BROOKFIELD.COM 35
Slide 36: Key takeaways
Key takeaways Our scale and breadth creates a structural advantage to delivering growth We have deep relationships with the largest buyers of power and sovereigns Our flexibility in deployment helps to maximize returns and value creation Significant growth opportunities exist today for those with sc
Slide 37: Positioned for a Stronger Valuation
Positioned for a Stronger Valuation Patrick Taylor Chief Financial Officer
Slide 38: Our business continues to deliver record performance
Our business continues to deliver record performance 1 2 3 Record financial results and Record financings Increased diversification stable distribution growth and liquidity and capabilities BROOKFIELD.COM 38
Slide 39: Building on our decade-long track record of cash flow growth
Building on our decade-long track record of cash flow growth 2016 2021 2026 CAGR | Trend FFO $419M $934M $1,444M 13% FFO per Unit $0.77 $1.45 $2.14 11% Distribution per Unit $0.95 $1.22 $1.57 5% Contracted Generation ~90% ~90% ~90% Stable Liquidity $1.2B $4.1B $5.1B +$4B Credit Rating BBB BBB+ BBB+
Slide 40: Our assets generate resilient cash flows
Our assets generate resilient cash flows ~ 90 % ~ 70 % + 90 % + 95% Contracted power Inflation-linked FFO from mature Fixed rate debt & for ~12 years revenues technologies 14-yr avg. maturity BROOKFIELD.COM 40
Slide 41: Macro trends reinforce our diverse growth levers
Macro trends reinforce our diverse growth levers Market Trends FFO Contribution Sticky inflation Inflation escalation: 2-3% Energy supply-demand imbalance Re-contracting: 1-2% Execution is at a premium Margin enhancement: 1-2% Increasing energy demand Project development: 4-6% Sector consolidation A
Slide 42: Our growth is supported by a differentiated funding model
Our growth is supported by a differentiated funding model Hydro asset Corporate Capital Strategic equity upfinancings financings recycling financings Enabling us to deploy capital flexibly and at scale BROOKFIELD.COM 42
Slide 43: Our funding model is scaling alongside our cash flows
Our funding model is scaling alongside our cash flows BROOKFIELD.COM 43
Slide 44: We are continuing to grow our capital recycling activities
We are continuing to grow our capital recycling activities Last 5 Year Asset Recycling Proceeds $1B+ ~ 18% 1 $ B+ Average IRR Annual Expected Recycling Proceeds Net to BEP 2022 2023 2024 2025 2026E BROOKFIELD.COM 44
Slide 45: As development grows, so does our pipeline of saleable assets
As development grows, so does our pipeline of saleable assets Capacity Commissioned Recycling Proceeds (MW) ($M) 10,000 1,400 ~2x since 2022 1,200 ~8x since 2022 8,000 1,000 6,000 800 600 4,000 400 2,000 200 0 0 2022 2023 2024 2025 2022 2023 2024 2025 BROOKFIELD.COM 45
Slide 46: We are expanding our recycling toolkit
We are expanding our recycling toolkit Private Renewable Vehicles European Renewable Vehicle ~$ 1.3B ~$ 500 M Plus framework for up to $1.5 billion Plus framework for up to $2 billion in future sales proceeds in future sales proceeds BROOKFIELD.COM 46
Slide 47: Multiple catalysts to drive a re-rating of our shares
In addition to delivering on our strategic initiatives, there are multiple catalysts to drive a re-rating of our shares BROOKFIELD.COM 47
Slide 48: Well positioned to achieve a stronger valuation
Well positioned to achieve a stronger valuation What is changing Why it matters 1 Corporate simplification Value accretive and improves flexibility 2 Nuclear sector growth Ownership in the leading nuclear business globally 3 Scaling our accretive funding model Delivering returns above of our targets
Slide 49: 1. Simplifying our corporate structure to create value
1. Simplifying our corporate structure to create value 1 2 3 4 Broader investor Increased Increased Flexibility to use shares access liquidity index demand for strategic M&A No change in underlying asset exposure, strategy or cost to the business BROOKFIELD.COM 49
Slide 50: 2. Nuclear offers differentiated exposure with strong tailwinds
2. Nuclear offers differentiated exposure with strong tailwinds Hydro Nuclear Long-life Strategic Clean Baseload Truly differentiated Sector tailwinds one-of-a-kind business New build Our shares do not fully reflect the benefit of Westinghouse to our franchise BROOKFIELD.COM 50
Slide 51: 3. Scaling our accretive funding model to deliver strong returns
3. Scaling our accretive funding model to deliver strong returns Upfinancing Assets Corporate Financings Monetizations ~ 6% ~ 6% 8–10 % Cost of capital + Cost of capital + Buyer target IRRs ~$500M ~$500M $1B+ Annual average Annual average corporate Annual run-rate upfinancing proceeds financing proc
Slide 52: Key takeaways
Key takeaways Delivered record results, building on our 15-year track record Durable business and proven growth model, supported by sector tailwinds Scaling funding model to drive growth and strong returns Positioned to achieve a stronger valuation through execution and near-term catalysts Well posi
Slide 53: Key Messages and Q&A
Key Messages and Q&A Connor Teskey Chief Executive Officer
Slide 54: Key messages
Key messages We have the capabilities, Our growth engine We are positioned to scale and discipline to provides a structural re-rate on the back of deliver the grids of the advantage to delivering execution of our strategy future sustained long-term value and near-term catalysts BROOKFIELD.COM 54
Slide 55: Q&A
Q&A
Slide 56: Thank You
Thank You
Slide 57: End Notes
End Notes Slide 5 Slide 15 Slide 32 • Electricity demand growth: per IEA Electricity 2026 • Extension success rate: 88 of the 95 reactors in the U.S. • Expect to deliver 11 GW per year of development starting have received approval of their first 20-year extension; per in 2028 Slide 8 Department of
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