Investor Presentaiton

16 NORTH AMERICA'S CLEAN ENERGY LEADER RESPONSIBLE PROGRESS | DECEMBER 2019 ✓ 97.2% of electricity generation is hydro, 2.7% is wind and 0.1% is thermal. ✓ Roughly 1/5 of the electricity generated is exported outside of Manitoba (U.S., Canada). ✓ Manitoba Hydro's current generation capacity is 5,561 MW, with an additional 5,110 MW more of potential generation identified. 10 8 00 + 2 Manitoba Hydro is currently investing in a major generation project and has put into service a major transmission project. 20 Retail Price of Electricity 18 (Cents/kWh $C) 16 14 12 Manitoba Quebec British Columbia Saskatchewan Texas Wyoming Kentucky North Dakota South Dakota Minnesota Wisconsin Ontario California Keeyask Hydro Generating Station Project Design Capacity: 695 MW Anticipated First Unit in Service Date: Fall 2020 Anticipated Cost: $8.7B Manitoba

View entire presentation