Investor Presentaiton

Market Summary Key Metrics¹ Recent Share Price (TSX: NPI) Shares (Common) Annual Dividend 2021 EBITDA Guidance 2021 FCF/sh Guidance 2021 Adjusted FCF/sh Guidance Total Debt, Net of Cash² Preferred Shares (NPI.PR.A, NPI.PR.B, NPI.PR.C) Market Capitalization (Common) Enterprise Value Credit Rating (S&P)³ Fitch Rating4 42 22 1. Market data as at November 17, 2021 unless stated otherwise. 2. As at September 30, 2021. 3. Reaffirmed in March 2021 4. Received in September 2021 $39.48 226 million $1.20 $1.1 $1.2 Billion $1.30 $1.50 $1.60 - $1.70 $7.1 billion $247 million $8.9 billion $14.9 billion BBB Stable BBB Stable NORTHLAND POWER

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