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Page 1: nalcorenergy.com · Oil & Gas 13% Churchill Falls 2% Regulated Hydro 12% Note: Excludes the Maritime Link Muskrat Falls 34% Labrador Island Link 22% Labrador Transmission Assets 17%

Page 2: nalcorenergy.com · Oil & Gas 13% Churchill Falls 2% Regulated Hydro 12% Note: Excludes the Maritime Link Muskrat Falls 34% Labrador Island Link 22% Labrador Transmission Assets 17%

Page 3: nalcorenergy.com · Oil & Gas 13% Churchill Falls 2% Regulated Hydro 12% Note: Excludes the Maritime Link Muskrat Falls 34% Labrador Island Link 22% Labrador Transmission Assets 17%

Page 4: nalcorenergy.com · Oil & Gas 13% Churchill Falls 2% Regulated Hydro 12% Note: Excludes the Maritime Link Muskrat Falls 34% Labrador Island Link 22% Labrador Transmission Assets 17%

Page 5: nalcorenergy.com · Oil & Gas 13% Churchill Falls 2% Regulated Hydro 12% Note: Excludes the Maritime Link Muskrat Falls 34% Labrador Island Link 22% Labrador Transmission Assets 17%

Page 6: nalcorenergy.com · Oil & Gas 13% Churchill Falls 2% Regulated Hydro 12% Note: Excludes the Maritime Link Muskrat Falls 34% Labrador Island Link 22% Labrador Transmission Assets 17%

Page 7: nalcorenergy.com · Oil & Gas 13% Churchill Falls 2% Regulated Hydro 12% Note: Excludes the Maritime Link Muskrat Falls 34% Labrador Island Link 22% Labrador Transmission Assets 17%

Page 8: nalcorenergy.com · Oil & Gas 13% Churchill Falls 2% Regulated Hydro 12% Note: Excludes the Maritime Link Muskrat Falls 34% Labrador Island Link 22% Labrador Transmission Assets 17%

Page 9: nalcorenergy.com · Oil & Gas 13% Churchill Falls 2% Regulated Hydro 12% Note: Excludes the Maritime Link Muskrat Falls 34% Labrador Island Link 22% Labrador Transmission Assets 17%

Page 10: nalcorenergy.com · Oil & Gas 13% Churchill Falls 2% Regulated Hydro 12% Note: Excludes the Maritime Link Muskrat Falls 34% Labrador Island Link 22% Labrador Transmission Assets 17%

Page 11: nalcorenergy.com · Oil & Gas 13% Churchill Falls 2% Regulated Hydro 12% Note: Excludes the Maritime Link Muskrat Falls 34% Labrador Island Link 22% Labrador Transmission Assets 17%

Page 12: nalcorenergy.com · Oil & Gas 13% Churchill Falls 2% Regulated Hydro 12% Note: Excludes the Maritime Link Muskrat Falls 34% Labrador Island Link 22% Labrador Transmission Assets 17%

Page 13: nalcorenergy.com · Oil & Gas 13% Churchill Falls 2% Regulated Hydro 12% Note: Excludes the Maritime Link Muskrat Falls 34% Labrador Island Link 22% Labrador Transmission Assets 17%

Page 14: nalcorenergy.com · Oil & Gas 13% Churchill Falls 2% Regulated Hydro 12% Note: Excludes the Maritime Link Muskrat Falls 34% Labrador Island Link 22% Labrador Transmission Assets 17%

Page 15: nalcorenergy.com · Oil & Gas 13% Churchill Falls 2% Regulated Hydro 12% Note: Excludes the Maritime Link Muskrat Falls 34% Labrador Island Link 22% Labrador Transmission Assets 17%

Page 16: nalcorenergy.com · Oil & Gas 13% Churchill Falls 2% Regulated Hydro 12% Note: Excludes the Maritime Link Muskrat Falls 34% Labrador Island Link 22% Labrador Transmission Assets 17%

Page 17: nalcorenergy.com · Oil & Gas 13% Churchill Falls 2% Regulated Hydro 12% Note: Excludes the Maritime Link Muskrat Falls 34% Labrador Island Link 22% Labrador Transmission Assets 17%

Page 18: nalcorenergy.com · Oil & Gas 13% Churchill Falls 2% Regulated Hydro 12% Note: Excludes the Maritime Link Muskrat Falls 34% Labrador Island Link 22% Labrador Transmission Assets 17%

Page 19: nalcorenergy.com · Oil & Gas 13% Churchill Falls 2% Regulated Hydro 12% Note: Excludes the Maritime Link Muskrat Falls 34% Labrador Island Link 22% Labrador Transmission Assets 17%

Page 20: nalcorenergy.com · Oil & Gas 13% Churchill Falls 2% Regulated Hydro 12% Note: Excludes the Maritime Link Muskrat Falls 34% Labrador Island Link 22% Labrador Transmission Assets 17%

Page 21: nalcorenergy.com · Oil & Gas 13% Churchill Falls 2% Regulated Hydro 12% Note: Excludes the Maritime Link Muskrat Falls 34% Labrador Island Link 22% Labrador Transmission Assets 17%

Page 22: nalcorenergy.com · Oil & Gas 13% Churchill Falls 2% Regulated Hydro 12% Note: Excludes the Maritime Link Muskrat Falls 34% Labrador Island Link 22% Labrador Transmission Assets 17%

Page 23: nalcorenergy.com · Oil & Gas 13% Churchill Falls 2% Regulated Hydro 12% Note: Excludes the Maritime Link Muskrat Falls 34% Labrador Island Link 22% Labrador Transmission Assets 17%

Page 24: nalcorenergy.com · Oil & Gas 13% Churchill Falls 2% Regulated Hydro 12% Note: Excludes the Maritime Link Muskrat Falls 34% Labrador Island Link 22% Labrador Transmission Assets 17%

Page 25: nalcorenergy.com · Oil & Gas 13% Churchill Falls 2% Regulated Hydro 12% Note: Excludes the Maritime Link Muskrat Falls 34% Labrador Island Link 22% Labrador Transmission Assets 17%

Page 26: nalcorenergy.com · Oil & Gas 13% Churchill Falls 2% Regulated Hydro 12% Note: Excludes the Maritime Link Muskrat Falls 34% Labrador Island Link 22% Labrador Transmission Assets 17%

Page 27: nalcorenergy.com · Oil & Gas 13% Churchill Falls 2% Regulated Hydro 12% Note: Excludes the Maritime Link Muskrat Falls 34% Labrador Island Link 22% Labrador Transmission Assets 17%

Page 28: nalcorenergy.com · Oil & Gas 13% Churchill Falls 2% Regulated Hydro 12% Note: Excludes the Maritime Link Muskrat Falls 34% Labrador Island Link 22% Labrador Transmission Assets 17%

Page 29: nalcorenergy.com · Oil & Gas 13% Churchill Falls 2% Regulated Hydro 12% Note: Excludes the Maritime Link Muskrat Falls 34% Labrador Island Link 22% Labrador Transmission Assets 17%

Page 30: nalcorenergy.com · Oil & Gas 13% Churchill Falls 2% Regulated Hydro 12% Note: Excludes the Maritime Link Muskrat Falls 34% Labrador Island Link 22% Labrador Transmission Assets 17%

Page 31: nalcorenergy.com · Oil & Gas 13% Churchill Falls 2% Regulated Hydro 12% Note: Excludes the Maritime Link Muskrat Falls 34% Labrador Island Link 22% Labrador Transmission Assets 17%

Page 32: nalcorenergy.com · Oil & Gas 13% Churchill Falls 2% Regulated Hydro 12% Note: Excludes the Maritime Link Muskrat Falls 34% Labrador Island Link 22% Labrador Transmission Assets 17%

Page 33: nalcorenergy.com · Oil & Gas 13% Churchill Falls 2% Regulated Hydro 12% Note: Excludes the Maritime Link Muskrat Falls 34% Labrador Island Link 22% Labrador Transmission Assets 17%

Page 34: nalcorenergy.com · Oil & Gas 13% Churchill Falls 2% Regulated Hydro 12% Note: Excludes the Maritime Link Muskrat Falls 34% Labrador Island Link 22% Labrador Transmission Assets 17%

Page 35: nalcorenergy.com · Oil & Gas 13% Churchill Falls 2% Regulated Hydro 12% Note: Excludes the Maritime Link Muskrat Falls 34% Labrador Island Link 22% Labrador Transmission Assets 17%

Page 36: nalcorenergy.com · Oil & Gas 13% Churchill Falls 2% Regulated Hydro 12% Note: Excludes the Maritime Link Muskrat Falls 34% Labrador Island Link 22% Labrador Transmission Assets 17%

Page 37: nalcorenergy.com · Oil & Gas 13% Churchill Falls 2% Regulated Hydro 12% Note: Excludes the Maritime Link Muskrat Falls 34% Labrador Island Link 22% Labrador Transmission Assets 17%

Page 38: nalcorenergy.com · Oil & Gas 13% Churchill Falls 2% Regulated Hydro 12% Note: Excludes the Maritime Link Muskrat Falls 34% Labrador Island Link 22% Labrador Transmission Assets 17%

Page 39: nalcorenergy.com · Oil & Gas 13% Churchill Falls 2% Regulated Hydro 12% Note: Excludes the Maritime Link Muskrat Falls 34% Labrador Island Link 22% Labrador Transmission Assets 17%

Page 40: nalcorenergy.com · Oil & Gas 13% Churchill Falls 2% Regulated Hydro 12% Note: Excludes the Maritime Link Muskrat Falls 34% Labrador Island Link 22% Labrador Transmission Assets 17%

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