Northland Power Corporate Presentation

Market Summary Key Metrics¹ Recent Share Price (TSX: NPI) Shares Outstanding (Common)² Annual Dividend 2023 EBITDA Guidance 2023 FCF/sh Guidance 2023 Adjusted FCF/sh Guidance Total Debt, Net of Cash² Preferred Shares (NPI.PR.A, NPI.PR.B)² Market Capitalization (Common) Enterprise Value Credit Rating (S&P)³ Fitch Rating³ 1. Market data as at August 23, 2023 unless stated otherwise. 2. As at June 30, 2023 3. Reaffirmed in May 2023 $25.94 252 million $1.20 $1.2 $1.3 billion $1.30 $1.50 $1.70 - $1.90 $6.2 billion $144 million $6.56 billion $12.61 billion BBB Stable BBB Stable 32 52 0 NORTHLAND POWER

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