HA Sustainable Infrastructure Capital (HASI) investor relations material

Executive summary

• Adjusted EPS for Q2 2026 rose 25% year-over-year to $0.75, with managed assets reaching $17.6 billion, up 20% year-over-year, and Adjusted ROE at 15.3% for 1H 2026.

• Over $1 billion in new investments closed in Q2 2026, with robust investment activity and expanded funding sources.

• Minimal equity issuance and strong liquidity position, with $2.2 billion in total liquidity as of June 30, 2026.

• Increased 2028 adjusted EPS guidance to $3.55–$3.65 and affirmed adjusted ROE guidance above 17%.

• Transition agreement executed for Marc T. Pangburn, moving to Strategic Advisor effective May 11, 2026, with consulting compensation at $250/hour through March 2028.

Financial highlights

• Adjusted recurring net investment income grew 27% year-over-year to $208 million for 1H 2026.

• Adjusted EPS for 1H 2026 was $1.52; adjusted earnings rose 31% to $200 million.

• Portfolio yield in Q2 2026 was 9.2%, with new asset yields above 11% year-to-date.

• Closed $1.7 billion in transactions in H1, with $1.4 billion held on balance sheet or at CCH1.

• Net income attributable to controlling stockholders for Q2 2026 was $128.6 million, with diluted EPS of $1.00.

Outlook and guidance

• 2028 adjusted EPS guidance raised to $3.55–$3.65, up from $3.50–$3.60.

• Affirmed adjusted ROE guidance of greater than 17% for 2028.

• Expects annual dividend distributions to decline to less than 50% of Adjusted EPS by 2028 and less than 40% by 2030.

• On track for $2–3 billion of new balance sheet/CCH1 transactions in 2026.

• Expect continued strong investment volumes and attractive margins in the second half of 2026.