Financial documents (PDF)

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We will seize the business opportunities offered by the global energy transition.

Boralex offers growth, dividend returns and long-term value creation

  1. Unique positioning and acknowledged expertise
  2. Company growth
  3. Well-defined strategic plan and financial objectives in an industry with robust potential
  4. Disciplined financial management and strong financial position

Our strength lies in the expertise, skills and ingenuity of our employees. We’re committed to carrying out our strategic plan:

  • By acting ethically
  • By being a model corporate citizen
  • By giving back to communities
  • By offering sustained financial performance to shareholders and partners

Unique positioning and acknowledged expertise

  • 2,003 MW of highly diversified production capacity
  • Expertise in developing small and mid-sized projects

Company Growth

  • Annual compound growth of 16% in installed capacity, 26% in EBITDA and 29% in market capitalization
  • Sustained increase in dividends since their introduction in 2014

Well-defined strategic plan and financial objectives in an industry with robust potential

Disciplined financial management and strong financial position

  • Major cash flows from long-term contracts
  • Strong balance sheet and the financial flexibility to support growth
  • Limited exposure to interest rate fluctuations with fixed long-term rates timed to contract maturity
  • Exchange rates hedged with forward contracts for France

Financial analysts

Financial coverage of Boralex

Financial InstitutionsAnalysts
BMO Nesbitt BurnsBen Pham
CIBC Capital MarketsMark Jarvi
Desjardins Valeurs MobilièresBill Cabel
National Bank FinancialRupert M. Merer
RBC Capital MarketsNelson NG
TD NewcrestSean Steuart
Industrielle AllianceJeremy Rosenfield
Raymond JamesDavid Quezada

Last update: November 2018

The above list is strictly informative. The opinions, estimates or forecasts provided by these analysts with respect to Boralex’s performance are their own and do not represent those of either Boralex or its management.

For any questions, please contact
Stephane Milot
Director, Investor Relation
514 213-1045
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