EFTA Document EFTA01372990

Investment Process: Origination What we look for in infrastructure assets' Origination Long-life Assets Providing Essential Service Stable Cash Flows Historically Barriers to Entry, Low Substitution Risk High EBITDA Margins Portfolio Construction and Diversification Due Diligence Process Target Investment Characteristics • Mature infrastructure assets with long-term usage • History of generating stable, predictable cash flows with high levels of visibility • Predictable cash