Boralex Inc. (T:BLX)
Business Focus: Wind Electric Utilities
| Sector: Utilities | Industry: Electric Utilities |
| Company Contact | |
| Address: | 36 Rue Lajeunesse KINGSEY FALLS QC J0A 1B0 |
| Tel: | N/A |
| Website: | https://www.boralex.com |
| IR: | See website |
| Key People | ||
| Patrick Decostre President, Chief Executive Officer, Director | Mihaela Stefanov Senior Vice President - Enterprise Risk Management and Corporate Social Responsibility | Bruno Guilmette Chief Financial Officer, Executive Vice President |
| Marie-Josee Arsenault Executive Vice President, Chief People and Culture Officer | Hugues Girardin Executive Vice President and General Manager, North America | Nicolas Wolff Executive Vice President and General Manager, Europe |
| Pascal Hurtubise Executive Vice President and Chief Legal Officer | Julie Cusson Senior Vice President - Synergies and Special Projects | Pascal Laprise-Demers Senior Vice President - Corporate Strategy and Business Performance | Nicolas Mabboux Senior Vice President - IT and Digital Transformation |
| Business Overview |
| Boralex Inc. is a Canada-based renewable energy company. The Company is primarily engaged in the development, construction and operation of renewable energy power facilities. It operates in the production of three types of renewable energy: wind, solar and hydroelectric power, as well as storage, representing an asset base with an installed capacity totaling 3,051 megawatts (MW). It also provides onshore wind power, and it also has facilities in the United States and development projects in the United Kingdom. It is developing a portfolio of over 6.2 GW in wind, solar and storage projects. It holds interests in 50 facilities in North America and 77 facilities in Europe. In addition, the Company has projects under construction or ready-to-build, representing an additional 317 megawatts (MW) of power and a portfolio of secured projects amounting to 654 MW. In addition, the Company acquired a 50% interest in five wind farms in the United States with a total installed capacity of 894 MW. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Boralex Inc revenues increased 22% to C$1.02B. Net income increased from C$30M to C$78M. Revenues reflect Revenues from energy sales increase of 9% to C$1B, Other revenues increase of 56% to C$28M. Net income benefited from Impairment - Fixed Assets decrease of 96% to C$2M (expense), Share in earnings of joint ventures and increase of 59% to C$59M (income). |
| Employees: | 753 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $5,923M as of Dec 31, 2023 |
| Annual revenue (TTM): | $1,022M as of Dec 31, 2023 |
| EBITDA (TTM): | $539.00M as of Dec 31, 2023 |
| Net annual income (TTM): | $78.00M as of Dec 31, 2023 |
| Free cash flow (TTM): | $148.00M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $3,141M as of Dec 31, 2023 |
| Shares outstanding: | 102,766,104 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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