Brookfield Renewable Corporation · NYSE:BEPC
Brookfield Renewable — Brookfield Renewable Partners — Investor Day (September 2025)
65 slides from Brookfield Renewable's investor day presentation, Sep 25, 2025
Slide 1: Brookfield Renewable Partners
Brookfield Renewable Partners September 25, 2025
Slide 2: Built to Outperform
Built to Outperform Connor Teskey, Chief Executive Officer Baseload Power With a Leading Development Franchise Natalie Adomait, Chief Operating Officer Differentiated M&A and Capital Recycling Capabilities Jehangir Vevaina, Chief Investment Officer Sustainable Cash Flow Growth to Drive Long-Term Val
Slide 3: Built to Outperform
Built to Outperform Connor Teskey Chief Executive Officer
Slide 4: We had another record year
We had another record year Record Financial Google Record Record Capital Performance Framework Development & Recycling & Agreement Deployment Financings Delivering on our strategy and building on our track record BROOKFIELD.COM 4
Slide 5: The world needs more power—and needs it now
The world needs more power—and needs it now Digitalization & AI Electrification Reindustrialization BROOKFIELD.COM 5
Slide 6: Renewables are among the best-positioned technologies to deliver on this demand
Renewables are among the best-positioned technologies to deliver on this demand and enable growth Lowest Cost Speed to Market Energy Security Renewables will be a major part of the “any-and-all” solution to meet accelerating demand BROOKFIELD.COM 6
Slide 7: Our operating business today is diversified across all major energy markets and technologies
Our operating business today is diversified across all major energy markets and technologies Europe $29B Asia–Pacific $14B 138B China ~$ Brookfield ROOF Renewable China Assets Under Management North America $74B South Korea 48GW India H Energy ~ Operating Capacity Australia Latin America $21B ~ 6,00
Slide 8: We consistently stay ahead of the curve on key themes
We consistently stay ahead of the curve on key themes Hydros 1900s 2017 2019 2022 2022 2024 Today Owner & Operator Renewable Developer Nuclear & Battery Storage BROOKFIELD.COM 8
Slide 9: …and have avoided challenged areas of the market
…and have avoided challenged areas of the market North American Residential Battery & Equipment Offshore Wind Solar Manufacturing BROOKFIELD.COM 9
Slide 10: We are insulated from the sector headwinds in the U.S.
We are insulated from the sector headwinds in the U.S. Zero exposure to Disciplined Value Access to Globally most impacted operator and investment Capital Diversified technologies developer approach • Offshore wind • Contracting • Buy for value • Self-funding • Platforms • Residential solar • Procur
Slide 11: And continue to be at the forefront of the most important global energy themes
And continue to be at the forefront of the most important global energy themes driving demand U.S. energy Data center Growing demand for dominance energy demand grid-stabilizing solutions BROOKFIELD.COM 11
Slide 12: We are poised to play a key role in delivering U.S. energy dominance
We are poised to play a key role in delivering U.S. energy dominance Largest private operator of Own and operate the U.S. Leading U.S. renewable hydro assets in U.S. nuclear champion platform Need to meet increasing energy demand and the requirement for 24/7 power BROOKFIELD.COM 12
Slide 13: We are one of the largest providers of electricity to corporates
We are one of the largest providers of electricity to corporates—specifically, the hyperscalers >95% ~2x Of Our Pipeline Is in The Top Increase In Contracted 50 Data Center Markets Generation To C&I Globally Customers in the Past 2 Years BROOKFIELD.COM 13
Slide 14: We are one of the largest operators and developers of battery storage globally
We are one of the largest operators and developers of battery storage globally—an increasingly important technology 2022 • <0.1 GW operating battery Our Battery Pipeline Today capacity 2024 Europe 15 GW • Acquired Americas 2025 21 GW Asia Pacific 13 GW • ~1.6 GW operating battery capacity 2027 • ~7.
Slide 15: All of which positions our business to outperform in today’s energy market…
All of which positions our business to outperform in today’s energy market… BROOKFIELD.COM 15
Slide 16: We are built to outperform and drive sustained growth
We are built to outperform and drive sustained growth Leader in Critical Operating, Scale Diversification, Technologies And Development, and Partnerships Liquidity and Markets M&A Expertise Access to Capital Scale and diversification matter more than ever BROOKFIELD.COM 16
Slide 17: We have a diversified operating fleet and development pipeline
We have a diversified operating fleet and development pipeline Hydro Wind Utility-Scale Distributed Storage Sustainable Solar Energy & Other Solutions Nuclear Services Biofuels 8,300 MW 17,300 MW 14,200 MW 5,500 MW 2,200 MW Operational Operational Operational Operational Operational Recycling 2,400
Slide 18: We have deep operating and development capabilities
We have deep operating and development capabilities ~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 Capabilities Management Custom
Slide 19: We invest where the best risk-adjusted opportunities are
We invest where the best risk-adjusted opportunities are ~150 Investment Capabilities Across Professionals Technologies Globally Differentiated Ability to Source and Execute M&A Ability to Invest Deal Structuring Through the Lifecyle Flexibility BROOKFIELD.COM 19
Slide 20: We are a leading strategic partner to the largest buyers of power globally
We are a leading strategic partner to the largest buyers of power globally, including corporates and governments >10.5 GW 3 GW Renewable Energy Hydro Framework Framework Agreement Agreement BROOKFIELD.COM 20
Slide 21: Strong liquidity, a sector-leading balance sheet and a diverse global business
We have strong liquidity, a sector-leading balance sheet and a diverse global business $4.7B BBB+ ≤10% Available liquidity Investment-grade FFO from any single balance sheet market BROOKFIELD.COM 21
Slide 22: Simply put—we are built to outperform
Simply put—we are built to outperform Leader in Critical Deep Operating Global Differentiated Scale Technologies & Development Relationships M&A Capital and Markets Expertise Capabilities Positioning BEP for significant and sustained earnings growth at or above our long-term targets BROOKFIELD.COM 2
Slide 23: Baseload Power With a Leading Development Franchise
Baseload Power With a Leading Development Franchise Natalie Adomait Chief Operating Officer
Slide 24: Electricity demand is increasing—and power is now the bottleneck to global growth
Electricity demand is increasing—and power is now the bottleneck to global growth Global Power Consumption (000’ TWh) 64 Total +3.5% ChatGPT per annum Data Centers 8–10%+ Energy is the fundamental per annum building block to delivering +2.5% 25 economic growth 18 per annum 2010 2023 2050 BROOKFIELD.
Slide 25: The first electrons delivered will be…
The first electrons delivered will be… Lowest Cost Fastest to Market Clean But companies want to partner with those that can complement the lowest cost energy with baseload power BROOKFIELD.COM 25
Slide 26: Our leading development business is complemented by our strategic baseload capabilities
Our leading development business is complemented by our strategic baseload capabilities BROOKFIELD.COM 26
Slide 27: Hydro has never been more critical to energy grids
Hydro has never been more critical to energy grids The foundation of our Enhancing Partnerships Creating opportunities Delivering major business with the largest buyers for value creation recontracting opportunities ~50% Maine Hydros ~5 TWh being recontracted BEP FFO accretively over the next five y
Slide 28: We own and operate the U.S. Nuclear Champion
We own and operate the U.S. Nuclear Champion Nuclear provides scale, baseload capabilities and clean characteristics Global Opportunities for Nuclear Executive Orders supporting new builds ~50% of nuclear reactors globally derived from WEC technology 96% Of U.S. reactors with life extensions Service
Slide 29: Batteries represent the next frontier to provide more baseload
Batteries represent the next frontier to provide more baseload Battery costs have Increasing grid constraints Growing renewables declined 90%+ since 2010 and peak demand penetration requirements BROOKFIELD.COM 29
Slide 30: We are now one of the largest battery operators and developers globally
We are now one of the largest battery operators and developers globally Our Differentiated Capabilities Leading renewables business in France, Market leader in storage development and Australia and the Nordics commercialization 7 GW operating capacity including Contracting with high credit quality 1
Slide 31: Lowest-Cost Wind & Solar, Reliable Baseload, Differentiated Solutions
Lowest-Cost Wind & Reliable Baseload Differentiated Solar Technologies Power Capabilities Solutions & the Strongest Risk- Adjusted Returns BROOKFIELD.COM 31
Slide 32: We are the only player equipped to deliver comprehensive energy solutions
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: Differentiated M&A and Capital Recycling Capabilities
Differentiated M&A and Capital Recycling Capabilities Jehangir Vevaina Chief Investment Officer
Slide 34: Increasing our deployment target to $9–10+ billion
With our access to capital, demand for power and our differentiated capabilities, we are increasing our deployment target M&A growth opportunities Expected capital deployment of Development pipeline $9–10+ billion over the next five years Increasing demand for power BROOKFIELD.COM 34
Slide 35: Flexibility to allocate capital to the most attractive risk-adjusted opportunities
Flexibility to allocate capital to the most attractive risk-adjusted opportunities Development M&A ~$850M net to BEP annual deployment Investing in large, differentiated, potential into proprietary development best-in-class platforms ~10 GW Q2 2025 Q2 2025 Run rate by 2027 Q4 2024 BROOKFIELD.COM 35
Slide 36: We are seeing a significant number of scale, attractive M&A opportunities
We are seeing a significant number of scale, attractive M&A opportunities in this market ~$100B We invest capital at scale with conviction when we see Enterprise Value of M&A market dislocation opportunities in the pipeline BROOKFIELD.COM 36
Slide 37: We have consistently invested ahead of major trends
We have consistently invested ahead of major trends 2017 2019 2022 2024 C&I Distributed Wind and Solar Nuclear Services Battery Capabilities Generation Developers Acquiring solutions to Acquiring developers in Acquiring a nuclear Acquiring battery grid congestion high-growth markets leader and stora
Slide 38: We have avoided making investments that did not meet our risk-return criteria
We have avoided making investments that did not meet our risk-return criteria Policy Technology Capital Structure BROOKFIELD.COM 38
Slide 39: We have a disciplined approach and strong access to capital
We have a disciplined approach and strong access to capital Focus on mature, cost-competitive and fast-to-market technologies Ensuring contracted cash flows and visible 12–15% growth levers Target Returns Target returns underwritten on hold-to-maturity basis, with no reliance on multiple expansion B
Slide 40: We look to recycle assets at higher returns
We look to recycle assets at higher returns as we execute on our business plans Underwrite investments Opportunistically monetize select assets 12–15% 7–9% 20%+ IRRs IRRs IRRs Scale development Strong recycling capabilities Asset recycling will be an Optimize capital structure Leverage our network o
Slide 41: Asset recycling benefits our entire franchise
Asset recycling benefits our entire franchise Accretive Source Crystalizes Creates Self- Proven Track Of Funding New Development Funding Platforms Record Drives Growth Returns Platform Sales Each year we develop 10 GW of saleable assets, generating consistent opportunities for asset recycling and gr
Slide 42: We have the ability to pivot between platform and asset sales
We have the ability to pivot between platform and asset sales to maximize our returns BROOKFIELD.COM 42
Slide 43: We have a strong track record of monetizing platforms…
We have a strong track record of monetizing platforms… $1.7 billion Signed or Closed in the Last 12 Months 26% 2.6x IRR MOIC India Platform BROOKFIELD.COM 43
Slide 44: …and executing individual asset sales
…and executing individual asset sales First Hydro Shepherds Flat $1.5 billion Signed or Closed 2024-2025 18% 3.0x IRR MOIC Maine Hydros BROOKFIELD.COM 44
Slide 45: We can also build out capital recycling within our platforms
We can also build out capital recycling within our platforms Platform Asset Recycling Highlights $1.1 billion Enterprise Value | 2025 Victoria Portfolio Jamaica Portfolio Hornsdale Portfolio $825 million | 2022–25 28% 1.7x IRR MOIC In nine months of our ownership, Neoen has already sold $1.1 billion
Slide 46: We are positioned to deploy record capital into growth and scale our recycling
We are positioned to deploy record capital into growth and scale our recycling activities to generate significant value $9–10+ billion Increasingly higher Full-cycle value creation, deployment target baseline for capital which delivers returns and over the next five years recycling proceeds funds ac
Slide 47: Sustainable Cash Flow Growth to Drive Long-Term Value
Sustainable Cash Flow Growth to Drive Long-Term Value Patrick Taylor Chief Financial Officer
Slide 48: Our business continues to deliver record performance
Our business continues to deliver record performance Record results and Record financings and Enhanced diversification, stable dividend growth strong liquidity adding leading platforms BROOKFIELD.COM 48
Slide 49: A track-record of more than a decade 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 $1,268M 11% FFO per Unit $0.90 $1.32 $1.91 8% Distribution per Unit $0.89 $1.16 $1.49 6% Contracted Generation ~90% ~90% ~90% Stable Liquidity $1.2B $3.3B $
Slide 50: Executing record financings while maintaining our best-in-class balance sheet
Executing record financings while maintaining our best-in- class balance sheet and significant liquidity position Financing Activity ($B) BBB+ $40 Record $34 billion Investment-grade balance sheet $35 $30 $25 98% Fixed-rate debt with no material $20 near-term maturities $15 $10 $4.7B $5 Available li
Slide 51: Our access to capital is a significant competitive advantage
Our access to capital is a significant competitive advantage Demonstrated demand for our assets and an ability to optimize our capital structure Safe Harbor & Holtwood Hydro Facilities Smoky Mountain Hydro Facility Medium Term Notes & Sub Hybrid Notes $1.7 billion $435 million $650 million Investmen
Slide 52: Added best-in-class platforms, diversifying our business
Added best-in-class platforms, diversifying our business across key markets and the lowest-cost technologies Added in Key Markets ~90% FFO ~10% FFO from lowest-cost technologies from nuclear & batteries Q4 2024 Q4 2024 Q2 2025 Q2 2025 9% Hydro 8% Wind 16% LTM 45% Utility Solar FFO Distributed Energy
Slide 53: Building platform value that delivers returns over the long run
Building platform value that delivers returns over the long run Our financials don’t fully capture the upside of our business—asset recycling helps to crystalize and surface this value creation Platform Value Generation Install end-to-end capabilities India Platform Optimize capital structure $1.7 b
Slide 54: Tailwinds for our earnings growth are accelerating
Tailwinds for our earnings growth are accelerating Inflation is sticky 70% inflation-linked revenue Power demand and prices are rising 6.5 TWh up for recontracting next five years Execution is at a premium 10 GW run-rate development per year by 2027 Broader sector challenges ~$4.7B of liquidity and
Slide 55: Path to delivering our target of 10%+ FFO per unit growth annually
All of which reinforces our path to delivering on our target of 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 2025 2030 BROOKFI
Slide 56: Our long-term, inflation linked contracts deliver stable cash flows
Our long-term, inflation linked contracts deliver stable cash flows and turn rising prices into sustained cash flow growth ~70% ~2–3% ~$150M Revenue indexed Average annual Incremental FFO to inflation inflation ~2% Annual FFO growth net to BEP from inflation over the next five years BROOKFIELD.COM 5
Slide 57: Demand for power is driving strong pricing and earnings growth
Demand for power is driving consistently strong pricing and earnings growth for our business going forward 6,500 GWh ~$100M Generation available for Additional incremental annual re-contracting over next five years FFO net to BEP ~2% Annual FFO growth net to BEP from re-contracting over the next fiv
Slide 58: Margin enhancement initiatives to contribute 1–2% of annual FFO growth
Margin enhancement initiatives across the organization to contribute 1–2% of annual FFO growth over the next five years BROOKFIELD.COM 58
Slide 59: We are scaling our development business, with a clear pipeline through 2030
We are scaling our development business, with a clear pipeline through 2030 to deliver FFO growth ~$385 Million Contribution from commissioned capacity over next five years ~10 GW Run-rate development by 2027 +5% FFO BROOKFIELD.COM 59
Slide 60: M&A remains a powerful driver of growth beyond our base plan
M&A remains a powerful driver of growth beyond our base plan BROOKFIELD.COM 60
Slide 61: Key takeaways
Key takeaways Delivered record results and grew our dividend, building on our 10+ year track record Strengthened our balance sheet and expanded our access to capital Enhanced the quality and diversification of our cash flows while further securing our growth Tailwinds for our earnings growth are acc
Slide 62: Key Messages and Q&A
Key Messages and Q&A Connor Teskey Chief Executive Officer
Slide 63: Key messages
Key messages We have a leading position Our full-cycle value We have never been in critical assets, and the creation strategy is better positioned to deliver capabilities, relationships delivering strong strong, stable cash flow and scale capital to returns and funding and value growth over the outp
Slide 64: Q&A
Q&A
Slide 65: End Notes
End Notes Slide 4 Slide 24 Slide 41 • Record deployment on a gross basis • Projected consumption of power growth: BNEF New • Expect to deliver 10 GW per year of development Energy Outlook 2025 starting in 2027 Slide 7, 18 Slide 27 Slide 50 • Brookfield Renewable has approximately ~6,000 employees (i
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