Leader in Renewable Power Generation

Brookfield Renewable Partners (“BEP”), is a globally diversified, multi-technology pure-play renewable power company. We offer stable, diversified and high-quality cash flows supported by a strong financial profile and investment grade balance sheet. With significant scale, a value-oriented approach to investing, and deep operating expertise we are well positioned to continue growing our distributions by 5% to 9% annually and delivering 12% to 15% total returns to unitholders over the long-term.

Investment Highlights

D I V E R S E A N D H I G H - Q U A L I T Y A S S E T B A S E

▪ Over 18,000 megawatts of hydro, wind, solar, distributed generation and storage capacity across four continents

M U LT I P L E L E V E R S T O G R O W C A S H F L O W S

▪ Proven and repeatable growth strategy combining a value investment approach with operating expertise and capital discipline

C A S H F L O W R E S I L I E N C Y T H R O U G H - T H E - C Y C L E

▪ Robust balance sheet and access to global capital markets ensures significant downside protection

P R O V E N T R A C K R E C O R D

▪ 20 year track record in the renewable power sector, delivering 17% annualized returns to unitholders since inception

Q U I C K F A C T SE X C H A N G E SNYSE: BEPTSX: BEP.UN

INVESTOR RELATIONS+1-833-236-0278 enquiries@brookfieldrenewable.com

$14BM A R K E T

C A P I T A L I Z A T I O N

~5%Y I E L D

~$2.06A N N U A L D I S T R I B U T I O N

P E R U N I T

5%-9%T A R G E T D I S T R I B U T I O N

G R O W T H

$50BT O T A L

P O W E R A S S E T S

18,000M E G A W A T T S O F

C A P A C I T Y

74%H Y D R O E L E C T R I C

G E N E R A T I O N

BBB+I N V E S T M E N T G R A D E

B A L A N C E S H E E T As at September 30, 2019

P R I C E P E R F O R M A N C E

ANNUALIZED TOTAL RETURN 3-YEAR 5-YEAR INCEPTION

BEP.UN (TSX) 17% 16% 16%

BEP (NYSE) 17% 12% 17%

S&P/TSX Composite Index 7% 5% 7%

S&P 500 13% 11% 6%

Source: Bloomberg, including reinvestment of dividends. At September 30, 20192012 2013 2014 2015 2016 2017 2018 2019

6% CAGR

1.38 1.451.55

1.661.78 1.87

1.962.06

Attractive, Risk-Adjusted Returns

A N N U A L D I S T R I B U T I O N

Brookfield Renewable Partners AT A GLANCE | Q3 2019

Global Operations with Local Presence

N O R T H A M E R I C A E U R O P E

Simple Strategy

Diversified Operating Portfolio of High-Quality Assets

Acquire and develop high-quality renewable power assets and businesses below intrinsic value

Recycle capital from mature, de-risked assets

Optimize cash flows by applying our operating expertise to enhance value

Finance our businesses on an investment grade basis

A S I AS O U T H A M E R I C A

$29BTotal Power Assets

8,400 Megawatts

$12BTotal Power Assets

4,800 Megawatts

$0.5BTotal Power Assets

1,000 Megawatts

H Y D R O Our portfolio has significant storage capacity and ability to produce power at all hours of the day

7,900M E G A W A T T S

W I N D Our wind assets are focused on areas with scarcity value, and built with Tier 1 turbine equipment

4,800M E G A W A T T S

S O L A R Diversified portfolio across PV and CSP technologies with diverse and scalable applications

1,300M E G A W A T T S

D I S T R I B U T E D G E N E R A T I O N We own one of the largest C&I DG portfolios in the U.S., giving us direct access to our customers

720M E G A W A T T S

S T O R A G E Our pumped storage and battery assets are able to produce electricity during peak hours, and recharge when prices are low

2,700MEGAWATTS

$8BTotal Power Assets

3,600 Megawatts

Cash Flow Growth Through Operating Levers

BEP is focused on delivering 5% to 9% distribution growth annually on a per unit basis from organic initiatives and fully funded by internally generated cash flows.

LEVERANNUAL FFO GROWTH

5 YEAR FFO CONTRIBUTION DETAIL

Inflation Escalation 1% to 2% ~$75 million ~40% of our revenues have embedded inflation indexation

Re-Contracting 1% to 2% ~$40 million Limited downside risk to PPA maturities in North America plus exposure to rising power prices in Brazil and Colombia

Cost Reduction 1% to 2% ~$65 million Targeting cost reductions of $2/MWh

Development & Repowering 3% to 5% ~$125 million Targeting to build 1,000 MW from our proprietary development

pipeline over the next five years at premium returns

FFO per Unit Growth Potential 6% to 11% ~$305 million We do not rely on M&A to achieve our distribution growth target

Proven Track Record of Capital Deployment

▪ Decarbonization has created a large and growing investible universe for renewable power

▪ We employ a contrarian strategy, looking for capital scarcity and leveraging our expertise in executing large, multi-faceted transactions to earn superior, 12% to 15% annual returns

▪ We target annual equity deployment of $800 million in high-quality assets while focusing on downside protection and preservation of capital

Hydro Wind Solar Other$0.0

$0.5

$1.0

$1.5

$2.0

North America Latin America Europe Asia

Deployed $3.6 billion of BEP equity since 2013 $billions

Corporate StructureBROOKFIELD ASSET MANAGEMENT

(BAM)~$60B Market Cap1 (TSX, NSYE)

BROOKFIELDBUSINESS PARTNERS

(BBU)

63%2

BROOKFIELDPROPERTY PARTNERS

(BPY)

51%

BROOKFIELDINFRASTRUCTURE PARTNERS

(BIP)

30%

BROOKFIELDRENEWABLE PARTNERS

(BEP)2

61%

PRIVATE FUND LPs 4

COMPANY A COMPANY B COMPANY C COMPANY D

25%3

75%3

1) Based on closing price on the NYSE on September 30, 20192) BEP generally funds Brookfield’s commitment to renewables transactions in Private Funds

3) Indicative figure only, and subject to transaction size, co-investment, and other considerations4) Indicative third-party commitments

Access to Deep Pool of Capital

M U LT I P L E F U N D I N G L E V E R S

Significant Liquidity We currently have $2.5 billion of available liquidity

Diversified Access to Capital Markets We have raised ~$3.2 billion in corporate debt and equity (preferred and common) markets since 2015

Partner Capital We have access to ~$5 billion of partner capital to invest alongside

Track Record of Capital Recycling Raised over $780 million in proceeds in the last two years through opportunistic capital recycling

Robust Balance Sheet

BBB+I N V E S T M E N T G R A D E B A L A N C E S H E E T

Highest rating in the sector with non-amortizing corporate debt fully supported by perpetual hydro portfolio

10 YEARSA V E R A G E P R O J E C T D E B T T E R M T O M A T U R I T Y

Well laddered debt profile with no material maturities in the next 4 years or deferred financing structures like converts or tax equity

~90%F I X E D R A T E F I N A N C I N G S

Minimal interest rate exposure, with only 5% of our debt in North America and Europe exposed to rising interest rates

~80%N O N - R E C O U R S E F I N A N C I N G S

Structured on an investment grade basis with attractive covenant packages that are free from financial maintenance covenants

2019 2020 2021 After$0.0

$1.0

$2.0

$3.0

$4.0

Non-Recourse Maturities Recourse Maturities

2022 2023

1Debt Maturity Ladder is proforma Series 7 MTN repayment in October 2019

Debt Maturity Ladder $billions, as at September 30, 20191

17%D E B T T O C A P I T A L I Z A T I O N - C O R P O R A T E

~9.5XD E C O N S O L I D A T E D E B I T D A /I N T E R E S T C O V E R A G E

This document is intended solely for informational purposes. This document is not intended to, and does not constitute an offer or solicitation to sell or a solicitation of an offer to buy any security, product, or service in any jurisdiction in which we are not licensed to conduct business and/or an offer, solicitation, purchase or sale would be unavailable or unlawful. We are not making any offer or invitation of any kind by communication of this document and under no circumstances is it to be construed as a prospectus, investment advice, or an advertisement. This fact sheet contains forward-looking statements and information within the meaning of Canadian and U.S. securities laws. Forward-looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions, and include words such as “estimates”, “targets”, “plans”, “expectations”, “opinions”, “forecasts”, “projections”, “guidance” or other statements that are not statements of fact. Forward-looking statements in this fact sheet include statements regarding the quality of our assets and the resiliency of the cash flow they will generate, our anticipated financial performance and annual returns and FFO growth, future commissioning of assets, contracted nature of our portfolio, technology diversification, acquisition and investment opportunities, expected completion of acquisitions, financing and refinancing opportunities, future energy prices and demand for electricity, economic recovery, achieving long-term average generation, project development and capital expenditure costs, our target cost reductions, energy policies, economic growth, growth potential of the renewable asset class, our future growth prospects and distribution profile, including our target annual distribution growth, and our access to capital.

Although we believe that such forward-looking statements and information are based upon reasonable assumptions and expectations, no assurance is given that such expectations will prove correct. The reader should not place undue reliance on forward-looking statements and information, as such statements and information involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking statements and information. Factors that could cause actual results to differ materially from those contemplated or implied by forward-looking statements in this fact sheet are detailed in our documents filed with the securities regulators in Canada and the United States. For further information on these known and unknown risks, please see “Risk Factors” included in our annual report on Form 20-F. Nothing contained herein should be deemed to be a prediction or projection of our future performance. The forward-looking statements represent our views as of the date of this fact sheet and should not be relied upon as representing our views as of any subsequent date. While we anticipate that subsequent events and developments may cause our views to change, we disclaim any obligation to update the forward-looking statements, other than as required by applicable law.