FTAI Infrastructure (FIP) Registration Filing summary

Company overview and business model

• Acquires, develops, and operates infrastructure assets in transportation, energy, and industrial sectors, with four main business lines: Railroad, Ports and Terminals, Power and Gas, and Sustainability and Energy Transition.

• Targets long-term growth sectors, focusing on distressed or undervalued assets and value creation through active management, with a corporate leverage target of no more than 50% of total capital.

• Externally managed by an affiliate of Fortress, with a management agreement providing a dedicated team and a fee based on total equity.

Financial performance and metrics

• Unaudited pro forma combined revenues for the quarter ended March 31, 2025, were $149.5 million, with a pro forma net loss attributable to common stockholders of $44.2 million, or $(0.39) per share.

• The acquisition of the remaining 49.9% of Long Ridge Energy & Power LLC was accounted for using the acquisition method, with adjustments for transaction costs and fair value estimates.

Use of proceeds and capital allocation

• No proceeds will be received from the resale of shares by selling stockholders; all proceeds go to the selling stockholders.

• Company pays registration expenses, while selling stockholders bear underwriting discounts and commissions.