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BROOKFIELD RENEWABLE PARTNERS
› One of the largest publicly traded pure-play renewable power businesses globally with ~10,700 MW of installed capacity
› Predominantly hydroelectric portfolio – 88% of generation is from hydro, the highest quality renewable asset class with compelling operating attributes and total return profile
› Strong organic and acquisition opportunities supported by a conservative capital structure and liquidity to fund growth
› Experienced management team with proven track record – 17% compounded annualized return since 2011
› Access to a leading asset management platform – origination of opportunities through Brookfield’s network and participation in Brookfield sponsored consortiums
› Largely contracted revenue streams (16 year weighted avg.) with market-based upside from recent investments
Track RecordOf Growth
OverviewBrookfield Renewable is a leading owner, operator and developer of renewable power generation facilities across North and South America and Europe. With more than 100 years of experience in the power sector, our portfolio today comprises $28 billion in assets under management.
With a portfolio of high-quality assets, strong growth opportunities and a significant pipeline of development projects, the business is positioned to produce attractive long-term total returns with growing cash flows and distributions to shareholders.
Quick Facts
Investment Highlights
Analyst CoverageDistributions Per Unit
ExchangesNYSE: BEPTSX: BEP.UN
Market Capitalization ~$9 billion
Current Distribution$1.78 Per Unit
Fully Diluted Units296 million
Distribution Growth Target5-9% Annually
Yield
~5.8%
Unit Price $CAD 40.88 (TSX)$USD 31.16 (NYSE)
Target Payout Ratio70% of Funds from Operations
1 Amounts in $USD unless otherwise noted.
Since Jan. 1, 2005 through Dec. 31, 2015 in local currency. Total return with dividends reinvested.
INVESTOR FACT SHEET
2013
$0
$5,000
$10,000
$15,000
$20,000
$25,000
$30,000
$35,000
$40,000
S&P 500S&P/TSXBREP (TSX)
Barclays Ross Fowler
BMO Nesbitt Burns Ben Pham
CIBC World Markets Robert Catellier
Credit Suisse Andrew Kuske
Desjardins Securities Bill Cabel
First Energy Ian Gillies
Guggenheim Partners Sophie Karp
IA Securities Jeremy Rosenfield
Macquarie Capital (USA) Angie Storozynski
National Bank Financial Rupert Merer
Raymond James Frederic Bastien
RBC Capital Markets Nelson Ng
TD Securities Sean Steuart
Veritas Darryl McCoubrey
Value of $10,000 Invested
$1.00
$1.10
$1.20
$1.30
$1.40
$1.50
$1.60
$1.70
$1.80
201620152014201320122011
BROOKFIELD RENEWABLE ENERGY PARTNERS
Growth DriversRising power prices
Approximately 90% of 2016 generation is
contracted. The remaining 10% is sold in
liquid markets. Underwritten near cyclical
market lows, these assets produce attractive
short-term cash-on-cash returns with
significant upside tied to a recovery in natural
gas and power prices.
Organic development pipeline
Brookfield Renewable maintains a strategic
pipeline of hydro and wind development
projects. We plan to build approximately
1,000 MW of high value projects over the
next five years delivering premium returns.
Mergers and acquisitions
Over the last 10 years, Brookfield has
acquired ~6,500 MW of hydro and wind
power generating capacity. Acquisition-based
growth will allow us to continue to expand
in core markets and penetrate new markets
and technologies.
Margin enhancement Our contracted assets benefit from
contractual inflation protection which results
in margin enhancement and a real return
profile. With 260 facilities, the scale of our
operating platform allows us to operate and
integrate new assets with high efficiency and
at low cost.
CONTACTZev KormanSenior Vice President Investor RelationsTel: 416-359-1955Email: [email protected]
Map of Operations
This fact sheet contains forward-looking statements and information within the meaning of the Canadian provincial securities laws and other “forward looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, Section 21E of the U.S. Securities Exchange Act of 1934, as amended, “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and in any applicable Canadian securities regulations. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Forward-looking statements can be identified by the use of words such as “growing”, “target” and “expect” or variations of such words and phrases. Although Brookfield Renewable believes that such forward-looking statements and information are based upon reasonable assumptions and expectations, no assurance is given that such expectations will prove correct. The reader should not place undue reliance on forward-looking statements and information as such statements and information involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Brookfield Renewable to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking statements and information. Except as required by law, Brookfield Renewable does not undertake any obligation to publicly update or revise any forward-looking statements or information, whether written or oral, that may be as a result of new information, future events or otherwise.
August 2016
Contracted90%
Uncontracted 10%
Wind11%
Other 1%
Hydro88%
Europe 5%
North America
65%
Colombia 15%
Brazil15%
HydroWind
Wind in constructionSolar / Wind
BiomassThermal
Stable CashFlow Profile
Geographic Diversification
Generationby Technology
United States
Brazil
Canada
Portugal
Republicof Ireland
United KingdomScotland & Northern Ireland
Colombia
*proportionate to Brookfield Renewable