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Investor Presentaiton

RECONCILIATION OF NON-IFRS MEASURES The following table reflects Adjusted EBITDA and provides a reconciliation to net income (loss) to Adjusted EBITDA for the three months ended December 31, 2021: (MILLIONS) Net income (loss) Add back or deduct the following: Depreciation Deferred income tax expense (recovery) Foreign exchange and financial instrument loss (gain) Attributable to Unitholders Hydroelectric Wind Solar Energy Corporate transition Total $ 182 $ (57) $ (30) $ 7 $ (69) $ 33 Other(13) Management service costs Interest expense 113 59 53 Current income tax expense (recovery) (20) 140 155 99 65 24 21 381 (9) (25) (23) (8) (32) 14 28 (3) 29 | 2203 11 39 43 + 3 1 0 1 (3) 12 64 21 255 ཤྰ ཝབཿ ཝཡྻཊྛོ (97) 54 120 64 (17) Amount attributable to equity accounted investments and non- controlling interests (14) (198) (92) (48) (24) (362) Adjusted EBITDA $ 219 $ 100 $ 67 $ 52 $ (7) $ 431 The following table reflects Adjusted EBITDA and provides a reconciliation to net income (loss) to Adjusted EBITDA for the three months ended December 31, 2020: (MILLIONS) Net income (loss) Add back or deduct the following: Depreciation Deferred income tax expense (recovery) Foreign exchange and financial instrument loss (gain) Other (13) Management service costs Interest expense Current income tax expense (recovery) Amount attributable to equity accounted investments and non- controlling interests (14) Adjusted EBITDA Attributable to Unitholders Hydroelectric Wind Solar Energy Corporate transition Total $ 151 $ 67 $ 35 $ 23 $ (281) $ 136 135 48 17 1 337 (44) (37) (20) (14) (70) (185) (15) (28) (71) 10 (11) (115) 3 (16) 73 258 314 84 84 100 56 54 9 24 243 32 4 1 | 37 (157) (58) (36) (3) $ 206 $ 123 $ 84 $ 38 $ 5 $ |5 (254) 456
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