Investor Presentaiton
(2)
(3)
(4)
(5)
Refer to "Reconciliation of non-IFRS Measure" and "Cautionary Statement Regarding Use of Non-IFRS Measures" in this document, as well
as "Part 9 - Presentation to Stakeholders and Performance Measurement" in the Management's Discussion and Analysis in the 2021 Annual
Report.
Average Units outstanding for the three and twelve months ended December 31, 2021 were 645.7 million and 645.6 million, respectively
(2020: 645.5 million and 609.5 million, respectively), being inclusive of our LP units, Redeemable/Exchangeable partnership units, BEPC
exchangeable shares and general partner interest. The actual Units outstanding at December 31, 2021 were 645.8 million (2020: 645.5
million).
Normalized FFO assumes long-term average generation in all segments except the Brazil and Colombia hydroelectric segments and uses
2020 foreign currency rates. For the three and twelve months ended December 31, 2021, the change related to long-term average generation
totaled $43 million and $161 million, respectively (2020: $41 million and $75 million, respectively) and the change related to foreign currency
totaled $6 million and $(4) million, respectively.
Balance includes restricted cash, trades receivables and other current assets, financial instrument assets, and due from related parties.
(6) Balance includes deferred income tax assets, assets held for sale, intangible assets, and other long-term assets.
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(7) Balance includes current and non-current portion of non-recourse borrowings on the consolidated statement of financial position.
(8)
Balance includes accounts payable and accrued liabilities, financial instrument liabilities, due to related parties, provisions, liabilities directly
associated with asset held for sale and other long-term liabilities.
(9) Direct operating costs exclude depreciation expense disclosed below.
(10) Balance includes dividends received from equity accounted investments and changes due to or from related parties.
(11)
(12)
(13)
(14)
(15)
(16)
(17)
(18)
(19)
(20)
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Actual generation includes 90 GWh (2020: 98 GWh) from facilities that do not have a corresponding LTA.
Actual generation includes 442 GWh (2020: 375 GWh) from facilities that do not have a corresponding LTA.
Refer to Note 9 - Other in the Audited Consolidated Financial Statements for more details on the Other balance, and includes Brookfield
Renewable's economic share of foreign currency hedges and realized disposition gains and losses on assets that we developed and/or did
not intend to hold over the long-term.
Amount attributable to equity accounted investments corresponds to the adjusted EBITDA to Brookfield Renewable that are generated by its
investments in associates and joint ventures accounted for using the equity method. Amounts attributable to non-controlling interest are
calculated based on the economic ownership interest held by non-controlling interests in consolidated subsidiaries. By adjusting Adjusted
EBITDA attributable to non-controlling interest, our partnership is able to remove the portion of Adjusted EBITDA earned at non-wholly owned
subsidiaries that are not attributable to our partnership.
Amount attributable to equity accounted investments corresponds to the Funds From Operations that are generated by its investments in
associates and joint ventures accounted for using the equity method. Amounts attributable to non-controlling interest are calculated based on
the economic ownership interest held by non-controlling interests in consolidated subsidiaries. By adjusting Funds From Operations
attributable to non-controlling interest, our partnership is able to remove the portion of Funds From Operations earned at non-wholly owned
subsidiaries that are not attributable to our partnership.
Balance includes deferred income tax assets, intangible assets, and other long-term assets.
Balance includes accounts payable and accrued liabilities, financial instrument liabilities, due to related parties, provisions, and other long-
term liabilities.
Refer to Note 8 - Other in the Audited Consolidated Financial Statements for more details on the other balance, and includes the company's
economic share of foreign currency hedges and realized disposition gains and losses on assets that we developed and/or did not intend to
hold over the long-term.
Balance is included within interest expense on the consolidated statements of income (loss).
Amount attributable to equity accounted investments corresponds to the Funds From Operations that are generated by its investments in
associates and joint ventures accounted for using the equity method. Amounts attributable to non-controlling interest are calculated based on
the economic ownership interest held by non-controlling interests in consolidated subsidiaries. By adjusting Funds From Operations
attributable to non-controlling interest, our company is able to remove the portion of Funds From Operations earned at non-wholly owned
subsidiaries that are not attributable to our company.
Any references to capital refer to Brookfield's cash deployed, excluding any debt financing.
Available liquidity of $4.1 billion refer to "Part 5 - Liquidity and Capital Resources" in the Management Discussion and Analysis in the 2021
Annual Report.
Incremental FFO attributable to the Lievre PPA of $100 million is calculated assuming proceeds are deployed earning a 16% FFO yield, less
financing costs.
(24) 12-15% target returns are calculated as annualized cash return on investment.View entire presentation