Northland Power Capitalized Growth & Strategic Overview

Market Summary Key Metrics¹ Recent Share Price (TSX: NPI) Shares (Common) Annual Dividend 2022 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 Market data as at June 2, 2022 unless stated otherwise. 1. 2. As at March 31, 2022 3. 4. Received in September 2021 Reaffirmed in March 2022 $38.31 231 million $1.20 $1.15 $1.25 Billion - $1.20 $1.40 $1.65 $1.85 - $6.0 billion $236 million $8.9 billion $14.3 billion BBB Stable BBB Stable 0 NORTHLAND POWER Northland Power | 43

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