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Reno De Medici - Cascades

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• 35% equity investment<br />

• Market Value: +/- $90M<br />

Boralex‟s forecast installed production capacity<br />

(MW)<br />

1 000<br />

800<br />

600<br />

400<br />

EQUITY INVESTMENTS<br />

500<br />

710<br />

• 43% equity investment<br />

• Market value: +/- $40M<br />

<strong>Reno</strong> <strong>De</strong> <strong>Medici</strong>‟s EBITDA<br />

Strong growth & turnaround stories currently worth +/- $130M<br />

Boralex`s production capacity proforma for the Seigneurie de Beaupré project.<br />

905<br />

2010 2012 2014<br />

(euro)<br />

50<br />

40<br />

30<br />

20<br />

31<br />

40<br />

37<br />

2009 2010 LTM Q3 2011<br />

6

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