Northland Power Corporate Presentation

Long-Term Financial Objectives Long-term financial strategy remains unchanged Maintaining flexibility, adding corporate funding tools to diversify sources of capital and addressing variability in macro-economic environment C NORTHLAND POWER N 16 Cash Flow Resiliency Source long-term contracts and hedge variable costs and cash flow streams Strong Investment Grade Balance Sheet Maintain investment grade balance sheet to support the business and growth Disciplined Capital Allocation Importance of robust Capital Allocation Strategy to balance diversity of cash flows between near and long-term opportunities Prudent Funding Plan Pro-actively manage risk especially in inflationary and increasing interest rate environment

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