International Economic Forum of the Americas 20th Conference of Montreal 10 June 2014

1. International Economic Forum of the Americas 20th Conference of Montreal 10 June 2014

2. Meridiam in Brief • Meridiam is a global developer, investor and asset manager specializing in public and community infrastructure delivered through public-private-partnerships • Investing through its 25-year funds, Meridiam takes a long-term view on infrastructure investment 110 EMPLOYEES INCLUDING 50 WORKING IN PROJECT COMPANIES 15 DIFFERENT NATIONALITIES $3.8bn OF ASSETS UNDER MANAGEMENT FOR PROJECTS WORTH $33 BILLION INVESTMENT 32 PROJECTS AROUND THE WORLDINCLUDING 9 IN NORTH AMERICA

3. Meridiam creates an alignment of interest between stakeholders • Focused exclusively on equity financing for infrastructure projects • Aligns the interest of our investors with those of our public authority partners • Our investors are primarily public development banks and institutional investors (e.g. pension funds and insurance companies)

4. Meridiam specializes in long-term investment in infrastructure ASSETS Need for investment in public services infrastructure RESOURCES Need for long term stable investments MERIDIAM 25 year infrastructure funds dedicated to matching assets with resources through the development, construction and management of public services infrastructure • Identifying the public sector’s requirements • Mobilizing know-how from industrial partners • Managing interfaces for complex projects • Partnering with public sector to achieve performance • Risk management and whole life costing approach • Investing from project inception to end of operations To be the partner of choice for public authorities and industrial partners

5. Investment Portfolio - 32 projects across three funds Chateauroux Gendarmerie Rennes Hospital A66 Motorway A334 Motorway IoW Road Maintenance UoH Students Accommodation Scottish Roads Nottingham Tram LIFT CRCHUM Limerick Tunnel WATERLOO LRT NEAH E18 Motorway A5 Motorway A2 Phase 1 A2 Phase 2 PRESIDIO PARKWAY R1 Motorway LONG BEACH COURTHOUSE Vienna Ring Road LBJ Annemasse hospital NORTH TARRANT EXPRESS (NTE) Navigation Dams NTE segments 3A-3B L2 Marseille PORT OF MIAMI TUNNEL CNM HSL Vélodrome Adana Hospital K E Y RAILWAY ENVIRONMENTAL SEA HSL Closed project Preferred bidder project ROAD SOCIAL

6. Portfolio Extract: Urban Regeneration 30 years • FULCRUM LIFT (United Kingdom) • Improvement of primary cares facilities • UK Government’s Department of Health PPP program • Local premises to accommodate doctors, pharmacies. • Revenue generation: availability payments • 100% ownership of Fulcrum Infrastructure Management, the management company of Project Companies • Long Beach Court Building (California) • Construction and management of a new courthouse, replacing the existing dilapidated Long Beach Courthouse. • Revenue generation: availability payments • Total project cost: $495 million • Saint-Quentin-en-Yvelines Velodrome(France) • Construction and management of an olympic velodrome with a 5,000 people capacity. • Revenue generation: availability payments • Total project cost: €74 million 37 years 30 years

7. Portfolio Extract: Public Transportation • Nottingham Express Transit Phase 2(United Kingdom) • Design, construction of the extensions of the existing Nottingham Express Transit Line One (phase One) by two further tram lines; operation and maintenance of the entire network (phase One and phase Two). • Revenue generation: users paid fees and availability payments • Total project cost: £590 million • Waterloo LRT (Ontario, Canada) • Construction and maintenance of a 19 km light rail line • Revenue generation: availability payments • Total Project cost: c. CAN$ 500 million 30 years 22 years

8. Portfolio Extract: Reducing Congestion 48 years • North Tarrant Express Segments 3A & 3B(Texas) • Design, construction of a new section of 6.2 miles of Managed Lanes and General Purpose Lanes along with a major interchange, and then the operation and maintenance of this plus another 4 miles of Managed and General Purpose Lanes • Revenue generation: user paid tolls • Total project cost: €1.3 billion • L2 Marseille (France) • Design, construction, and maintenance of a new section of 9.5 km of partially cut‐and‐covered, that will link the A50 in the South‐East to the A7 in the North • Revenue generation: availability payments • Total Project cost: c. €600 million • IH-635 (LBJ) Managed Lanes (Texas) • Construction and management of 20.8 km length sections of the primary orbital roadway in Dallas within the Dallas-Forth Worth International Airport area. Original financing by rated public bond emission • Revenue generation: user paid tolls • Total project cost: $2.7 billion 52 years 30 years

9. Extensive network of partners • An access to projects through relationships with global industrial sponsors

10. Meridiam is a certified fund manager with a commitment to ESG Meridiam Certification Commitment to ESG principles • ISO 9001: 2008 certification achieved for responsible investment process • Meridiam is ISO certified since 2012 and certification is renewed on an annual basis (latest renewal in January 2014) Meridiam has adopted a Quality Manual in the form of a Meridiam Book of Procedures based on 8 processes supported by underlying procedures • Meridiam maintains Key Performance Indicators, framing its activities and under the monitoring of Meridiam board • Meridiam went through a Corporate and Social Responsibility assessment by VIGEO in 2013 and obtained a robust performance assessment • ESG is at the core of Meridiam’s certified investment and asset management processes • Meridiam Sustainable Development Charter embraces: Principles of the 1948 Universal Declaration of Human Rights Principles of the International Labor Organization Principles of the United Nations Global Compact Equator Principles UNPRI • Meridiam is committed to building long-term projects which gain support from local communities • Meridiam reports to its investors: An overview of ESG aspects for each project in the portfolio is included as part of the quarterly reporting An annual ESG report presents Meridiam’s approach and policies, as well as an analysis of each project in the portfolio