AVERAGE TOTAL RETURN 5-YEAR 3-YEAR

INE.CN (TSX) 14.0% 21.8%

S&P/TSX Composite Index 11.4% 11.8%

($)

*All financial data are in Canadian dollars and as at June 30, 2021

For more than 30 years now, Innergex has believed in a world where abundant renewable energy promotes healthier communities and creates shared prosperity. As an independent renewable power producer that develops, acquires, owns and operates hydroelectric facilities, wind farms, solar farms and energy storage facilities, Innergex is convinced that renewable energy will lead the way to a better world.

Innergex operates in Canada, the United States, France and Chile and manages a large portfolio of high-quality assets with an aggregate gross installed capacity of 3,741 MW and an energy storage capacity of 150 MWh. It also holds interests in nine projects under development and several prospective projects. Its approach to building shareholder value is to generate sustainable cash flows, provide an attractive risk-adjusted return on invested capital and to distribute a stable dividend.

PEOPLEWe are passionate people building strong partnerships with local communities.

INVESTOR KIT Q2 2021

A SUSTAINABLE BUSINESS MODELPLANETWe believe that renewable energy is part of the solution to climate change.

PROSPERITYWe generate value for our employees, shareholders, partners and host communities.

KEY FIGURES

STOCK PERFORMANCE

DIVIDEND GROWTH

77operating facilities

$6.9Btotal assets value

2,589 GWhgenerated during Q2 2021

$3.9Bmarket capitalization(including preferred shares)

$8.8Benterprise value

3,741 MWgross installed capacity

$21.55closing share price

878,716average daily volume traded during Q2 2021

3.3%yield

Source Bloomberg: including reinvestment of dividends. As at June 30, 2021

*Compound annual growth rate

CAGR*2.0%

0.70

0.60

0.5020212020201920182017

0.700.72 0.72

0.680.66

STOKKE CREEK22.0 MW

LAMONT CREEK27.0 MW

TIPELLA CREEK18.0 MW

UPPER STAVE RIVER33.0 MW

HORSESHOE BEND9.0 MW

ASHLU CREEK49.9 MW

NORTHWEST STAVE RIVER 17.5 MW

TRETHEWAY CREEK 21.2 MW

BIG SILVER CREEK40.6 MW

WALDEN NORTH 16.0 MW

DOUGLAS CREEK27.0 MW

FIRE CREEK23.0 MW

UPPER LILLOOET RIVER81.4 MW

BOULDER CREEK25.3 MW

KWOIEK CREEK49.9 MW

MILLER CREEK33.0 MW

BROWN LAKE7.2 MW

FITZSIMMONS CREEK7.5 MW

EAST TOBA147.0 MW

JIMMIE CREEK62.0 MW

MONTROSE CREEK88.0 MW

RUTHERFORD CREEK49.9 MW

L’ANSE-À-VALLEAU 100.5 MW

CARLETON 109.5 MW

BAIE-DES-SABLES109.5 MW

PORTNEUF-2 9.9 MW

PORTNEUF-1 8.0 MW

PORTNEUF-3 8.0 MW

SM-130.5 MW

MONTMAGNY2.1 MW

WINDSOR5.5 MW

GLEN MILLER8.0 MW

UMBATA FALLS23.0 MW

SAINT-PAULIN8.0 MW

STARDALE27.0 MW

SPARTAN10.5 MW

KOKOMO6.0 MW

BATAWA5.0 MW

VIGER-DENONVILLE 24.6 MW

DOKIE 1144.0 MW

GROS-MORNE 211.6 MW

MESGI’G UGJU’S’N 150.0 MW

MAGPIE40.6 MW

MONTAGNE SÈCHE58.4 MW

FOARD CITY350.3 MW

PHOEBE250.0 MW

PAEAHU15.0 MW

HALE KUAWEHI30.0 MW

HILLCREST200.0 MW

INNAVIK7.5 MW

DESERT MEADOW23.0 MW

MAINLINE23.0 MW

COLD SPRINGS23.0 MW

HAMMETT HILL23.0 MW

TWO PONDS23.0 MW

RYEGRASS23.0 MW

GRIFFIN TRAIL225.6 MW

BARBERS POINT15.0 MW

KAHANA20.0 MW

HAWAII

CHAUDIÈRE 24.0 MW

LONGUEVAL10.0 MW

ROUGEMONT-2 44.5 MW

ROUGEMONT-1 36.1 MW

BEAUMONT 25.0 MW

VAITE38.9 MW

YONNE44.0 MW

ANTOIGNÉ 8.0 MW

BOIS D’ANCHAT 10.0 MW

PORCIEN10.0 MW

BOIS DES CHOLLETZ11.8 MW

THEIL-RABIER 12.0 MW

MONTJEAN12.0 MW

PLAN FLEURY 22.0 MW LES RENARDIÈRES

21.0 MW

VALLOTTES12.0 MW

YONNE II6.9 MW

TONNERRE9.0 MWh

LAZENAY 9.0 MW

PAMPA ELVIRA34.0 MW

GUAYACÁN12.0 MW

MAMPIL55.0 MW

PEUCHEN85.0 MW

SALVADOR68.0 MW

LICÁN18.0 MW

FRONTERA109.0 MW

CANADA

INNERGEX FACILITIES

UNITED STATES

CHILE

FRANCE

MORE THAN 6,931 NET MW IN PROSPECTIVE PROJECTS

UNDER DEVELOPMENT 168 / 206 MW (net / gross)

IN OPERATION3,071 / 3,741 MW (net1 / gross capacity)

1 Net capacity represents the proportional share of the total capacity attributable to Innergex based on its ownership interest in each facility.

4 solar projects (80 / 80 MW)

2 hydro projects (86 / 117 MW)

38 hydro facilities (889 / 1,199 MW)

32 wind farms (1,602 / 1,946 MW)

7 solar farms (580 / 596 MW)

77 FACILITIES

1 wind project (2 / 9 MW)

1 energy storage project (9 MWh)

Total energy storage 150 MWh

• $661M equity Private Placement by Hydro-Québec in Innergex

• Innergex partners with tax equity investors for facilities eligible for renewable energy tax incentives in the U.S.

• Revolving credit facilities supported by 12 unencumbered assets

• More than $270M still available via our revolving credit facilities

• Power purchase agreements duration of 14.7 years on average, one of the longest in the renewable energy sector

• Young assets with a weighted average age of approximately 8.2 years

• 89% of our debt is not exposed to rising interest rates

• More than 84% of our debt is project level

PERIOD RECORD DATE

PAYMENT DATE

AMOUNT

Q3 2021 09/30/2021 10/15/2021 $0.180

NEXT DIVIDEND PAYMENT (Common shares)

SYMBOL (COMMON SHARE) INE.CN (TSX)

Index inclusion S&P/TSX

Outstanding shares 179.8M

Transfer agent Computershare (Canada)

Preferred shares INE.PR.A | INE.PR.C

5.4M

Convertible DebenturesINE.DB.B

148,023

Convertible Debentures INE.DB.C

142,056

ADJUSTED EBITDA PROPORTIONATE ($M)

31-Dec-20 31-Mar-21Normalized

30-Jun-21 Normalized

30-Jun-20 30-Sept-20

BMO Capital Markets Ben Pham

CIBC Capital Markets Mark Jarvi

Credit Suisse Andrew M. Kuske

Desjardins Securities Bill Cabel

IA Securities Naji Baydoun

National Bank Financial Rupert M. Merer

Peters & Co Limited Ken Chmela

Raymond James David Quezada

RBC Capital Market Nelson Ng

Scotiabank GBM Justin Strong

TD Securities Sean Steuart

Adj. EBITDA JV PTCs

FREE CASH-FLOW ($M) & PAYOUT RATIOFree Cash Flow (TTM) Payout Ratio

1225 Saint-Charles Street West, 10th floor Longueuil QC J4K 0B9Tel. : 450 928-2550investorrelations@innergex.com

INNERGEX HEAD OFFICE

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REGIONAL OFFICESLyon, France | San Diego, U.S. Vancouver, Canada | Santiago, Chile

innergex.com

ANALYST COVERAGE

FINANCIAL PERFORMANCE

ACCESS TO CAPITAL BALANCE SHEET

TRADING INFORMATION

INVESTOR SERVICES – TRANSFER AGENTCOMPUTERSHARE (CANADA)

T 1-800-564-6253 OR 1 514-982-7555F 1-888-453-0330service@computershare.com

TORONTO100 University Ave., 8th Floor, North TowerToronto ON M5J 2Y1MONTREAL1500 Robert-Bourassa Blvd, suite 700Montreal QC H3A 3S8

93.3 89.6 92.573.8

95.6211

299 352 409 422260

309

428517 560

30-Jun-2021Normalized

2017 2018 2019 2020

135% 140% 136%150%

124%