Investor Presentaiton
Brookfield
Press Release
BROOKFIELD RENEWABLE ANNOUNCES RECORD RESULTS AND 5%
DISTRIBUTION INCREASE
All amounts in U.S. dollars unless otherwise indicated
BROOKFIELD, News, February 4, 2022 (GLOBE NEWSWIRE) -- Brookfield Renewable Partners L.P. (TSX: BEP.UN;
NYSE: BEP) ("Brookfield Renewable" or "BEP") today reported financial results for the three and twelve months
ended December 31, 2021.
"2021 was another strong year for our business as we achieved our highest ever FFO per unit, deployed capital in-
line with our target and continued to expand our development activities with over 15,000 megawatts of capacity under
construction or in late-stage development and an overall global development pipeline of 62,000 megawatts," said
Connor Teskey, CEO of Brookfield Renewable. "Looking ahead, decarbonization is now firmly established as an
objective of the global economy and as one of the pre-eminent global clean energy companies with deep operating
capabilities and scale, we are uniquely positioned to execute on the most attractive decarbonization investment
opportunities around the world."
Financial Results
UNAUDITED
FOR THE PERIODS ENDED DECEMBER 31
(US $ millions, except per unit amounts)
Select Financial Information
Net loss attributable to Unitholders
Three Months Ended
2021
2020
Years Ended
2021
2020
(57) $
(120) $
(368) $
(304)
Per LP unit(1)
(0.12)
(0.22)
(0.69)
(0.61)
Funds From Operations (FFO) (2)
214
201
934
807
Per Unit (2)(3)
0.33
0.31
1.45
1.32
Normalized Funds From Operations (FFO)(2)(4)
263
242
1,091
882
Per Unit (2)(3)(4)
0.41
0.37
1.69
1.45
Operational Information
Total generation (GWh)
- Long-term average generation
14,946
14,333
58,913
57,457
- Actual generation
14,585
13,247
56,629
52,782
Brookfield Renewable Partner's share (GWh)
- Long-term average generation
7,197
7,354
29,852
27,998
- Actual generation
6,637
6,583
27,150
26,052
Brookfield Renewable reported FFO of $934 million or $1.45 per Unit of FFO for the twelve months ended
December 31, 2021, a 10% increase from the prior year or 17% on a normalized basis supported by the stability of
our high-quality, inflation-linked contracted cash flows, organic growth initiatives and contributions from acquisitions.
After deducting non-cash depreciation, deferred income taxes recovery, foreign exchange and derivative gainsView entire presentation