Overview
Brookfield 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 $25 billion in power 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 unitholders.
Investment Highlights
One of the largest publicly traded pure-play renewable power businesses globally – with ~10,600 MW of installed capacity
Predominantly hydroelectric portfolio – approximately 90% 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 – 14% 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 – 17-year weighted average with market-based upside from recent investments
Experienced management team with proven track record – demonstrated commitment to growing returns to unitholders
Brookfield Renewable Partners
i n v e s t o r f a c t s h e e t
A N A LY S T C O V E R A G EAltaCorp Capital Mark Westby
Barclays Ross Fowler
BMO Nesbitt Burns Ben Pham
CIBC World Markets Mark Jarvi
Credit Suisse Andrew Kuske
Desjardins Securities Bill Cabel
GMP First Energy Ian Gillies
Guggenheim Partners Sophie Karp
IA Securities Jeremy Rosenfield
Macquarie Capital David Noseworthy
National Bank Financial Rupert Merer
Raymond James Frederic Bastien
RBC Capital Markets Nelson Ng
TD Securities Sean Steuart
Veritas Darryl McCoubrey
Wells Fargo Glen Pruitt
T R A C K R E C O R D O F G R O W T H
Q U I C K F A C T SE X C H A N G E SNYSE: BEPTSX: BEP.UN
~299MFULLY DILUTED UNITS
$41.97CAD UNIT PRICE1
$30.53USD UNIT PRICE1
~9BMARKET CAPITALIZATION1
5%-9%TARGET DISTRIBUTION GROWTH ANNUALLY
70%OF FFO TARGET PAYOUT RATIO
$1.87PER UNIT
DISTRIBUTION
6%YIELD1
1) As at May 3, 2017
BEP.UN (TSX)
VALUE OF $10,000 INVESTED
PER UNIT DISTRIBUTION
S&P/TSXS&P 500
From January 1, 2006 through December 31, 2016 in local currency.Total return with dividends reinvested.
2011
2017
$37,206$15,805
$19,540
$1.30
$1.87
Growth Drivers
LARGE INVESTIBLE UNIVERSE
Global investment in renewable power approximates $300 billion annually, providing substantial growth opportunity. Our particular expertise in hydro provides a competitive advantage in this segment.
ORGANIC DEVELOPMENT PIPELINE
Brookfield Renewable maintains a strategic pipeline of hydro and wind development projects. We have a 6,000 MW development pipeline, including 300 MW of construction-ready projects expected to contribute $45-50 million to annual funds from operations once fully commissioned.
MERGERS AND ACQUISITIONS
Over the last 10 years, Brookfield Renewable has acquired over 6,000 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.
CASH FLOW UPSIDE
Approximately 90% of 2017 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.
OPERATIONAL EXPERTISE
Our deep operating capabilities, combined with contractual inflation protection, 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.
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 “expand” or variations of such words and phrases. Although Brookfield Infrastructure 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 Infrastructure 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 Infrastructure 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.
C O N T A C TZev Korman Senior Vice President, Investor Relations
Tel: 416-359-1955
Email: [email protected]
bep.brookfield.com
G E O G R A P H I C D I V E R S I F I C A T I O N
G E N E R A T I O N B Y T E C H N O L O G Y
S TA B L E C A S H F L O W P R O F I L E
Europe: 5%
North America: 65%
Uncontracted: 8%Wind: 11%
Other: 1%
Hydro: 88% Contracted: 92%
Colombia: 15%
Brazil: 15%
Hydro
Solar/WindWind
BiomassThermal