Innergex Renewable Energy Inc.

Innergex Renewable Energy Inc.

Innergex Renewable Energy Inc.

Overview
Date Founded

2002

Headquarters

East Tower,1111 Saint-Charles Street West,Suite 1255,Longueuil, QC J4K 5G4

Type of Company

Public

Employees (Worldwide)

162

Industries

Alternative Energy

Company Description

Innergex Renewable Energy, Inc. develops, acquires, owns and operates run-of-river hydroelectric facilities, wind farms, solar photovoltaic farms and geothermal power generation plants. The company conducts operations in Canada, the United States, France and Iceland. It operates through the following segments: Hydroelectric Generation, Wind Power Generation, Solar Power Generation, and Site Development. The company was founded on October 25, 2002 and is headquartered in Longueuil, Canada.

Executives & Employees

President & Chief Executive Officer

Chief Financial Officer

Chief Investment & Development Officer

Senior Vice President-Operations & Maintenance

Senior Vice President of Management Adviser

Senior Vice President, Hydro & Special Projects

Senior Vice President-Latin America

Senior Vice President, Wind & Solar Project Management

Vice President-Construction & Operations

Vice President-Corporate Relations

Board of Directors

President & Chief Executive Officer at Le Regroupement des assureurs de personnes à charte du Québec

Executive Vice President, Corporate Affairs & Chief Legal & Governance Officer at TELUS Corp.

Founder at Pan American Silver Corporation

President & Chief Executive Officer at Innergex Renewable Energy Inc.

Director at Lantic, Inc. (Québec)

Former President & Chief Executive Officer at Humania Assurance, Inc.

Partner, Board & Diversity at Odgers Berndtson Canada, Inc.

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Owners & Shareholders
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Mondrian is a long-term, team-based, value-oriented manager with an active style and a defensive philosophy. They invest in global equity and debt across market-caps.The firm focuses their equity investments on value stocks identified through inflation-adjusted discounted income stream analysis, paying particular attention to dividend yield. They seek to provide a rate of return greater than the client's domestic rate of inflation and construct portfolios that preserve capital during protracted international market declinesTheir fixed-income investments target high inflation-adjusted income vehicles globally, utilizing their qualitative, quantitative, sovereign, and credit capabilities. They manage strategies in developed and emerging bond markets.Mondrian's investment managers are organized in teams focused on regions, sectors or asset classes while retaining individual accountability. Decisions are process-driven and based on internal research complemented by company visits.

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Accrued Equities is a mutual fund managed that employs an investment strategy that seeks growth investments in various industries that are oriented to a clean environment with a special interest in alternative energy

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Marquest Asset Management (MAM) is a growth investor. The firm's investment process begins with an assessment of the capital markets' economic environment. From this analysis, they identify broad economic growth trends that provide the foundation for strong growth opportunities in specific sectors of the stock market. MAM's stock selection process screens the universe of potential investments to identify only the very best companies. They employ quantitative and qualitative analytical tools to select only those stocks which meet their stringent investment criteria. Companies must have (1) superior management teams (2) exceptional growth prospects (3) strong and improving balance sheets and (4) reasonable valuations. Portfolios are invested in companies with exceptional fundamentals in sectors with strong growth prospects. MAM's funds are not constrained by market-cap or industry group weightings and the firm does not buy and hold. They manage risk at both the market and individual stock levels. Funds are constantly refreshed with companies with strong growth prospects and reasonable valuations. MAM replaces companies with weaker growth prospects before their fundamentals deteriorate significantly. A fund typically holds 25 to 35 companies. If the firm determines that there is a significant market risk, they will protect the portfolio by substantially increasing cash in their funds and by shorting ETFs. MAM offers no-load pooled portfolios and separately managed portfolios.The Marquest Bridge Fund seeks long-term capital appreciation through investments in early-stage companies that are growing substantially faster than the economy. The firm targets small-cap companies that are niche players in their markets. Typically, these companies have a significant market opportunity because of proprietary intellectual property or a robust business model.The Marquest Resource Fund seeks long-term capital appreciation through investments in a range of small- to mid-cap resource-based companies in the following industries: precious metals, base metals, oil and gas and forest products. The firm focuses on companies with superior production and exploration potential. They look for significant market opportunities that are driven by proprietary intellectual property or a robust business model. The portfolio typically holds the stocks of 30 to 40 small- to mid-cap companies.The Marquest Equity Growth Fund seeks to provide long-term capital appreciation through investments in a variety of securities of the very best 20 to 45 Canadian small- and mid-cap growth companies, in addition to US and international companies. The portfolio invests in companies with growth rates that are expected to exceed the growth rate of the Canadian economy. In periods of significant market risk, the Fund may hold greater than 50% in cash and short-term securities.The Marquest Dividend Growth Fund seeks to provide a steady flow of income with reasonable safety of capital and the potential for capital appreciation. The Fund invests in the very best securities of approximately 20 to 45 Canadian, US and international large-cap companies with strong growth prospects. Many of these companies provide higher than market dividend yield, allowing a stable base for the Fund's total return. In addition, the Fund may invest in corporate and government bonds. In periods of high market risk, the Fund may hold significant cash and short-term securities.The Marquest Asset Allocation Fund seeks to provide long-term capital appreciation by investing in a globally diversified portfolio of broad market ETFs. The Fund invests only in ETFs and short-term money market investments. The ETFs consist of a broad diversification of fixed-income, stock market indices and commodities. In the fixed-income area, the ETFs cover the Canadian, US and European bond markets, including high grade corporate bonds. The equity market ETFs will encompass the Canadian, US, European, Pacific Rim and Emerging Markets. The Fund's strategy is to rotate among the various asset classes to maximize returns and minimize risk. In periods of high market risk, the Fund may hold significant cash and short-term securities.The Marquest Short Term Income Fund seeks to provide preservation of capital and short-term income. The Fund invests in bonds, debentures, notes and other debt obligations with a term to maturity at purchase of less than 3 years.

Recent Transactions
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Innergex Renewable Energy Inc. purchases TransCanada Corp. /Cartier Wind Farms from TransCanada Corp.

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Innergex Renewable Energy Inc. purchases Ledcor Power Group Ltd.

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Innergex Renewable Energy Inc. purchases Alterra Power Corp.

Transaction Advisors
Legal Advisor

Advised onInnergex Renewable Energy Inc. purchases Cloudworks Energy, Inc.

Investment Advisor

Advised onInnergex Renewable Energy Inc. purchases Cloudworks Energy, Inc.

Manager

Advised onInnergex Renewable Energy Inc. issued Subscription Receipts

Clients

Électricité de France SA engages in the electricity industry. The company was founded on June 17, 1955 and is headquartered in Paris, France.

Hydro One Ltd. engages in the transmission and distribution of electricity. It operates through the following segments: Transmission, Distribution, and Other Business. The Transmission segment owns, operates, and maintains electricity transmission networks. The Distribution segment manages the distribution system through the Hydro One Networks Inc. The Other Business segment provides telecommunications support for the transmission and distribution businesses and markets and sells fiber optic capacity to telecommunications carriers and customers with broadband network requirements. The company was founded on August 31, 2015 and is headquartered in Toronto, Canada.

IDACORP, Inc. operates as a holding company, which engages in the generation, transmission, distribution, sale and purchase of electric energy. The company owns and operates hydroelectric plants on the Snake River and its tributaries. It also owns two natural gas-fired power plants and partial interest in three coal-fired generating stations. IDACORP was founded in 1915 and is headquartered in Boise, ID.

Key Stats and Financials As of 2017
Market Capitalization
$1.63B
Total Enterprise Value
$4.85B
Earnings Per Share
$0.22
Revenue
$400M
Net Profit
$30M
Enterprise Value Sales
12.11x
Enterprise Value EBITDAOperating
16.23x
TEVNet Income
161.59x
Debt TEV
0.67x
EBITDAMargin
74.63%
EBITDA
$299M
Total Equity
$448M
Total Debt
$3.26B
Three Year Compounded Annual Growth Rate Of Revenue
18.29%
Five Year Compounded Annual Growth Rate Of Revenue
17.22%
Non-Profit Donations & Grants
$1,000 - $2,499
2015
$1,000 - $2,499
2014
$1,000 - $4,999
2011
Suppliers
Enercon GmbH Industrial Machinery & Manufacturing | Aurich, NI

ENERCON GmbH manufactures electric motors, generators, transformers, wind energy converters, as well as electricity distribution and switching devices. It also offers production, logistics, sales and project management, as well as maintenance concept services. The company was founded by Aloys Wobben in 1984 and is headquartered in Aurich, Germany.

Nordex SE Alternative Energy | Hamburg, HA

Nordex SE is a management holding company, which engages in the development, production, servicing, and marketing of wind power systems. Its main products are wind turbines, and its services include micrositing, project engineering, and setting up wind farm substations. The company also offers services such as inspection and maintenance, inspection of safety equipment, repair service, spare part deliveries, modernization, technical enhancements, condition monitoring system, customer training, and remote monitoring and management.Nordex was founded in 1985 and is headquartered in Hamburg, Germany.

Vestas Wind Systems A/S Industrial Machinery & Manufacturing | Aarhus, CD

Vestas Wind Systems A/S engages in the development, manufacture, sale, and maintenance of wind power plants. It operates through the Project and Service business segments. The Project segment contains sales of wind power plants and wind turbines. The Service segment includes sale of service contracts, spare parts, and related activities. The company was founded by Smith Hansen and Peder Hansen in 1945 and is headquartered in Aarhus, Denmark.