(R)Evolution 2009-2050: Transforming Energy
Forward-looking information
Forward-looking information or statements included in the presentation are provided to inform the Company's shareholders and potential investors about
management's assessment of Capital Power's future plans and operations. This information may not be appropriate for other purposes. The forward-looking
information is generally identified by words such as will, anticipate, believe, plan, intend, target, and expect or similar words that suggest future outcomes.
Material forward-looking information includes expectations around: (i) the timing of construction readiness and commencement of commercial operations for the
acquired wind development sites, (ii) the timing of permitting, construction and commencement of commercial operations for phase 2 of Halkirk Wind, (iii) the
capital cost and AFFO contributions of phase 2 of Halkirk Wind, (iv) the capital cost of the addition of battery storage to the Genesee 1 and 2 repowering project,
as well as the total capital cost of the Genesee 1 and 2 repowering project, (v) the impacts of battery storage on the project economics of Genesee 1 and 2
repowering, (vi) in-service timing for the Genesee CCS project and the volume of CO2 to be captured annually from the repowered Genesee 1 and 2 units, (vii)
the current 2021 financial outlook, (viii) 2022 targets including those for capacity-weighted average facility availability, sustaining capital expenditures, adjusted
EBITDA, AFFO and committed capital for growth, (ix) dividend growth and AFFO payout ratios and (x) the timing of commencement of commercial operations for
Strathmore Solar, Enchant Solar and the North Carolina solar projects as well as the completion dates of the Genesee 1 and 2 repowered units.
These statements are based on certain assumptions and analyses made by the Company in light of its experience and perception of historical trends, current
conditions, expected future developments and other factors it believes are appropriate including its review of purchased businesses and assets. The material
factors and assumptions used to develop these forward-looking statements relate to: (i) electricity, other energy and carbon prices, (ii) operating and asset
development performance, (iii) business prospects (including potential re-contracting opportunities) and opportunities including expected growth and capital
projects, (iv) status of and impact of policy, legislation and regulations, (v) effective tax rates and (vi) foreign exchange rates.
Whether actual results, performance or achievements will conform to the Company's expectations and predictions is subject to a number of known and unknown
risks and uncertainties which could cause actual results and experience to differ materially from the Company's expectations. Such material risks and
uncertainties are: (i) changes in electricity prices in markets in which the Company operates, (ii) changes in energy commodity market prices and use of
derivatives, (iii) regulatory and political environments including changes to environmental, financial reporting, market structure and tax legislation, (iv) generation
facility availability, wind capacity factor and performance including maintenance expenditures, (v) ability to fund current and future capital and working capital
needs, (vi) timing and costs of regulatory approvals and construction in relation to development projects, (vii) changes in market prices and availability of fuel, and
(viii) changes in general economic and competitive conditions.
See Risks and Risk Management in the Company's 2020 Integrated Annual Report and Risks and Risk Management, for further discussion of these and other
risks. Readers are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The Company does not
undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in the
Company's expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.
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