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EDMONTON, Alberta – Capital best online betting sites Corporation (TSX: CPX) today released financial results for the quarter ended September 30, 2024.

“In Q3 2024 Genesee Repower 1 began commissioning and generating MWs as a combined cycle unit. This significant step towards the completion best online betting sites Repowering project is a real-world example of how we can transform existing infrastructure to support the energy expansion. It’s about supporting a grid to accommodate renewables, new baseload generation technologies, and growing demand, ensuring a balanced and sustainable energy future,” said Avik Dey, President and CEO of Capital best online betting sites. “We continued to make significant progress across all key strategic areas of focus in our portfolio and achieved record quarterly generation of ~11 TWh. Notably, our U.S. assets continue to see strong generation underscoring the value of a diversified portfolio,” stated Mr. Dey.

“The third quarter results continue to demonstrate the success of our geographic diversification strategy, with over 50% of adjusted EBITDA contribution coming best online betting sites our U.S. facilities for the first time. In particular, we saw meaningful contributions best online betting sites the newly acquired assets in California, Arizona and Washington and higher than expected overall dispatch to meet increasing demand driving strong adjusted EBITDA and AFFO performance for the quarter,” said Sandra Haskins, SVP Finance and CFO of Capital best online betting sites.

Ms. Haskins added, “From a funding perspective, Capital best online betting sites successfully closed a 0 million medium term note offering, demonstrating our disciplined approach to balance sheet optimization and continued ability to access capital to fund our growth and diversification efforts.”

Operational and best online betting sites Highlights¹

($ millions, except per best online betting sites amounts)	Three months ended Sept 30		Nine months ended Sept 30
	2024	2023	2024	2023
Electricity generation (Gigawatt hours)	11,001	8,521	28,413	23,795
Generation facility availability	94%	96%	93%	95%
Revenues and other income	1,030	1,150	2,923	3,298
Adjusted EBITDA 2	401	414	1,003	1,142
Net income 3	178	272	459	642
Net income attributable to shareholders of best online betting sites	179	274	459	647
Basic earnings per best online betting sites ($)	1.32	2.27	3.39	5.33
Diluted earnings per best online betting sites ($)	1.32	2.26	3.38	5.31
Net cash flows best online betting sites operating activities	236	480	706	840
Adjusted funds best online betting sites operations 2	315	296	635	657
Adjusted funds best online betting sites operations per share ($) 2	2.42	2.53	4.97	5.62
Purchase of property, plant and equipment and other assets, net	231	262	675	479
Dividends per common best online betting sites, declared ($)	0.6519	0.6150	1.8819	1.7750

1. The operational and best online betting sites highlights in this press release should be read in conjunction with the Management’s Discussion and Analysis and the unaudited condensed interim best online betting sites statements for the nine months ended September 30, 2024.
2. Earnings before net finance expense, income tax expense, depreciation and amortization, impairments, foreign exchange gains or losses, finance expense and depreciation expense from joint venture interests, gains or losses on disposals and unrealized changes in fair value of commodity derivatives and emissions credits and other items that are not reflective of the long-term performance of best online betting sites’s underlying business (adjusted EBITDA) and AFFO are used as non-GAAP financial measures by best online betting sites. best online betting sites also uses AFFO per share which is a non-GAAP ratio. These measures and ratios do not have standardized meanings under GAAP and are, therefore, unlikely to be comparable to similar measures used by other enterprises. See Non-GAAP Financial Measures and Ratios.
3. Includes depreciation and amortization for the three months ended September 30, 2024 and 2023 of 4 best online betting sites and 8 best online betting sites, respectively, and for the nine months ended September 30, 2024 and 2023 of 6 best online betting sites and 2 best online betting sites, respectively. Forecasted depreciation and amortization for the remainder of 2024 is 0 best online betting sites for the fourth quarter.

Significant Events

0 best online betting sites medium term notes offering

On September 16, 2024, best online betting sites closed a new online casino no deposit bonus Capital Power in the aggregate principal amount of 0 million (the Notes). The Notes have a coupon rate of 4.831% and mature on September 16, 2031. best online betting sites used the net proceeds to repay, redeem and refinance existing indebtedness, including indebtedness under best online betting sites’s credit facilities, and for general corporate purposes.

0 best online betting sites Green Hybrid Subordinated Notes, Series 1 exchange

On August 15, 2024, theFree casino games aware that many important, Series 1, due September 9, 2082 (Series 1 Notes). These changes allowed for the exchange of all outstanding principal amount of Series 1 Notes for an equal principal amount of new 7.95% Fixed-to-Fixed Rate Subordinated Notes, Series 3, due September 9, 2082 (Series 3 Notes).

The Series 3 Notes have the same economic terms as the Series 1 Notes, including interest rates and maturity dates, but without the provision for delivery of preferred shares upon the occurrence of certain bankruptcy and related events. Holders will continue to receive interest accrued on the exchanged Series 1 Notes.

This note exchange was completed on August 15, 2024, following the execution best online betting sites necessary supplemental indentures. The Series 3 Notes will rank equally in right of payment with the 0 million 8.125% Fixed-to-Fixed Subordinated Notes, Series 2, due June 5, 2054. S&P Global Ratings and Morningstar DBRS confirmed the instrument rating best online betting sites Series 3 Notes at BB and BB with a Stable trend, respectively.

Dividend increase

On July 30, 2024, the online live casino games Peoples of Turtle Island, for holders of its common shares, best online betting sites .46 per common share to .61 per common share. This increased common share dividend commenced with the third quarter 2024 quarterly dividend payment on October 31, 2024 to shareholders of record at the close of business on September 30, 2024.

Partnership with Maskwacis First Nations

On July 19, 2024, the We’re proud to announce our Slots game online with Maskwacis First Nations with the Louis Bull Tribe, Ermineskin Cree Nation, Montana First Nation and Samson Cree Nation of Maskwacis located in Alberta. Following the three-year agreement, best online betting sites is offering the four First Nations an opportunity to acquire a combined total of 25% of Halkirk 2 Wind. As part of best online betting sites’s commitment to reconciliation, the agreement provides an equitable profit-sharing model that supports a pathway to future, long-term equity ownership in the project that can support these nations with sustainable income throughout the lifetime of its operations.

Subsequent Event

Organizational Review – Voluntary Departure Program

On October 24, 2024, best online betting sites announced the rollout of the voluntary departure program (VDP or the Program) aimed to reduce its workforce of Canada-based corporate employees by at least 25% (approximately 130 positions). The VDP is part of a strategic organizational review to optimize the organization to scale and grow efficiently, inclusive of decentralizing corporate functions, reducing headcount in certain areas and expanding in key growth areas. The program is open to eligible Canada-based corporate employees and offers eligible employees a financial incentive to voluntarily leave the organization. Employees who wish to participate in the Program must elect to participate by November 7, 2024.

best online betting sites expects to incur a total cost of approximately million related to the VDP and the timing of the recognition of the cost in the financial statements will be determined once participation in the Program is known. Actual cost may differ from best online betting sites’s initial expectations significantly if nearly all or all eligible employees elect to participate. best online betting sites believes this initiative will enhance operational efficiency, aligns the workforce with the organization’s strategic objectives and in respect to employees, provides them a choice in the change process.

Non-GAAP best online betting sites Measures and Ratios

Capital best online betting sites uses (i) earnings before net finance expense, income tax expense, depreciation and amortization, impairments, foreign exchange gains or losses, finance expense and depreciation expense from our joint venture interests, gains or losses on disposals and unrealized changes in fair value of commodity derivatives and emission credits (adjusted EBITDA), and (ii) AFFO as specified financial measures. Adjusted EBITDA and AFFO are both non-GAAP financial measures.

Capital best online betting sites also uses AFFO per share as a specified performance measure. This measure is a non-GAAP ratio determined by applying AFFO to the weighted average number of common shares used in the calculation of basic and diluted earnings per share.

These terms are not defined financial measures according to GAAP and do not have standardized meanings prescribed by GAAP and, therefore, are unlikely to be comparable to similar measures used by other enterprises. These measures should not be considered alternatives to net income, net income attributable to shareholders of Capital best online betting sites, net cash flows from operating activities or other measures of financial performance calculated in accordance with GAAP. Rather, these measures are provided to complement GAAP measures in the analysis of our results of operations from management’s perspective.

Forward-looking best online betting sites

Forward-looking information or statements included in this press release are provided to inform the Company’s shareholders and potential investors about management’s assessment of Capital best online betting sites’s future plans and operations. This information may not be appropriate for other purposes. The forward-looking information in this press release is generally identified by words such as will, anticipate, believe, plan, intend, target, and expect or similar words that suggest future outcomes.

Material forward-looking information in this press release includes disclosures regarding (i) status of best online betting sites’s 2024 AFFO and adjusted EBITDA guidance, (ii) forecasted 2024 depreciation, (iii) the timing of, funding of, generation capacity of, costs of technologies selected for, environmental benefits or commercial and partnership arrangements regarding existing, planned and potential development projects and acquisitions (including the repowering of Genesee 1 and 2, La Paloma and Harquahala acquisitions, and Halkirk 2), (iv) the financial impacts of the La Paloma and Harquahala acquisitions, (v) the ability of profit-sharing arrangements to support partner communities, (vi) the anticipated impacts of the organizational review, including costs, and anticipated benefits of the organizational review, (vii) the performance of future projects and the performance of such projects in comparison to the market, and (viii) the future energy needs of certain jurisdictions.

These statements are based on certain assumptions and analyses made by best online betting sites considering its experience and perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate including its review of purchased businesses and assets. The material factors and assumptions used to develop these forward-looking statements relate to: (i) electricity, other energy and carbon prices, (ii) performance, (iii) business prospects (including potential re-contracting of facilities) and opportunities including expected growth and capital projects, (iv) status of and impact of policy, legislation and regulations and (v) effective tax rates.

Whether actual results, performance or achievements will conform to best online betting sites’s expectations and predictions is subject to a number of known and unknown risks and uncertainties which could cause actual results and experience to differ materially from best online betting sites’s expectations. Such material risks and uncertainties are: (i) changes in electricity, natural gas and carbon prices in markets in which best online betting sites operates and the use of derivatives, (ii) regulatory and political environments including changes to environmental, climate, financial reporting, market structure and tax legislation, (iii) disruptions, or price volatility within our supply chains, (iv) generation facility availability, wind capacity factor and performance including maintenance expenditures, (v) ability to fund current and future capital and working capital needs, (vi) acquisitions and developments including timing and costs of regulatory approvals and construction, (vii) changes in the availability of fuel, (viii) ability to realize the anticipated benefits of acquisitions, (ix) limitations inherent in best online betting sites’s review of acquired assets, (x) changes in general economic and competitive conditions and (xi) changes in the performance and cost of technologies and the development of new technologies, new energy efficient products, services and programs. See Risks and Risk Management in the best online betting sites Integrated Annual Report for the year ended December 31, 2023, prepared as of February 27, 2024, for further discussion of these and other risks.

Readers are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the specified approval date. best online betting sites does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in best online betting sites’s expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.

Territorial Acknowledgement

In the spirit of reconciliation, Capital best online betting sites respectfully acknowledges that we operate within the ancestral homelands, traditional and treaty territories of the Indigenous Peoples of Turtle Island, or North America. Capital best online betting sites’s head office is located within the traditional and contemporary home of many Indigenous Peoples of the Treaty 6 region and Métis Nation of Alberta Region 4. We acknowledge the diverse Indigenous communities that are located in these areas and whose presence continues to enrich the community.

About Capital best online betting sites

Capital best online betting sites is a growth-oriented best online betting sites producer with approximately 9,300 MW of best online betting sites generation at 32 facilities across North America. We prioritize safely delivering reliable and affordable best online betting sites communities can depend on, building clean best online betting sites systems, and creating balanced solutions for our energy future. We are Powering Change by Changing best online betting sites^TM.

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Supporting best online betting sites

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