Boralex Investor Presentation — August 2024

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Making our mark with sustainable,

responsible growthFINANCIAL REVIEW

RESULTS PRESENTATION

August 14, 2024Forward -looking statements

Certain statements contained in this presentation, including those relating to results and performance for future periods, targets for installed capacity, EBITDA(A) and discretionary cash flows, strategic plan, business prospects in various

regions, business model and growth strategy of the Corporation, organic growth and growth through mergers and acquisitions, obtaining an “investment grade” credit rating, quarterly dividend payments, financial objectives, project

commissioning dates, the renewable energy production projects in the pipeline or on the Corporation’s Growth Path, the discussions underway to enter into corporate power purchase agreements (PPAs) in France and the United

Kingdom and objectives related to corporate social responsibility (CSR) strategy are forward -looking statements based on current expectations, within the meaning of securities legislation .

Forward -looking statements are based on significant assumptions, including assumptions about the performance of the Corporation’s projects based on management estimates and expectations with respect to wind and other factors,

the opportunities that could arise in the various segments targeted for growth or diversification, assumptions about EBITDA(A) margins, assumptions about the industry and general economic conditions, competition and availability of

financing and partners . While the Corporation considers these factors and assumptions to be reasonable based on information currently available, they may prove to be incorrect .

Boralex would like to point out that, by their very nature, forward -looking statements involve risks and uncertainties such that its results or the measures it adopts could differ materially from those indicated by or underlying these