Investor Presentaiton
36
Financial Overview
Funding Plan to Support Growth and Maintain Discipline
Identified Development
Projects Gross Capital
Investment Plan
Next 5 Years¹
Green and maintain
investment grade balance
sheet to support growth
Significant growth in adj. EBITDA
expected on completion of
Identified Development projects
$15B to
$20B+2
BBB
(Stable)
X2
(Double)
Maintaining flexibility, adding corporate funding tools to diversify sources of capital, preserving low cost of
capital and investment grade balance sheet are key to the successful growth execution of Northland
1. Represents the total gross capital costs of the 4-5 GW visible development projects.
2. $10B to $14B net represents Northland's current ownership interest in Identified Development Projects
NORTHLAND
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