Northland Power Inc. (T:NPI*CA)

Business Focus: Renewable IPPs

Sector:  Utilities Industry:  Independent Power Producers
See Regulatory Filings on SEDAR
Company Contact
Address: 30 St.Clair Avenue West, 17th Floor
Tel: 1-647-2881019
IR: See website
Key People
John W. Brace
Chairman of the Board
Mike Crawley
President, Chief Executive Officer
Pauline Alimchandani
Chief Financial Officer
Troy C. Patton
Chief Operating Officer
Wendy A. Franks
Executive Vice President - Strategy and Investment Management
Morten Melin
Executive Vice President - Construction
David Povall
Executive Vice President - Development
Michael D. Shadbolt
Vice President, General Counsel
Business Overview
Northland Power Inc. is a Canada-based power producer. The Company is focused on developing, building, owning and operating clean and green power infrastructure assets in Canada, Europe and other selected global jurisdictions. Its segments include Offshore Wind, Thermal, On-shore Renewable and Other. Offshore Wind segment includes Gemini and Nordsee One operating facilities. Thermal segment includes Iroquois Falls, Kingston, Kirkland Lake, North Battleford, Spy Hill and Thorold operating facilities. On-shore Renewable segment includes Cochrane Solar, Grand Bend, Jardin, McLean's, Mont Louis and Solar operating facilities. Its facilities produce electricity from clean-burning natural gas and renewable resources, such as wind, solar and biomass. The Company owns or has a net economic interest in approximately 2,014 megawatts (MW) of power-producing facilities with a total operating capacity of approximately 2,429 MW.
Financial Overview
For the six months ended 30 June 2020, NorthlandPower Inc. revenues increased 30% to C$1.1B. Net incomeapplicable to common stockholders increased 30% toC$248.2M. Revenues reflect Offshore wind segment increaseof 31% to C$659.7M, Other segment increase of 48% to C$11M,Europe segment increase of 31% to C$659.7M. Net income alsoreflects Offshore wind segment income increase of 36% toC$407.5M.
Employees: 418 as of Dec 31, 2019
Reporting Currency: Canadian Dollars
Enterprise value: $16,125M as of Sep 30, 2020
Annual revenue (TTM): $2,006M as of Sep 30, 2020
EBITDA (TTM): $1,436M as of Sep 30, 2020
Net annual income (TTM): $370.67M as of Sep 30, 2020
Free cash flow (TTM): $835.62M as of Sep 30, 2020
Net Debt Last Fiscal Year: $7,285M as of Sep 30, 2020
Shares outstanding: 202,753,000 as of Nov 3, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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