HA Sustainable Infrastructure Capital (HASI) Investor presentation summary

Strategic positioning and market opportunity

• Positioned as a leading investor in sustainable infrastructure, managing over $17.6 billion in assets and focusing on climate-positive investments with superior risk-adjusted returns.

• Targets the $4 trillion U.S. sustainable infrastructure investment opportunity through 2050, driven by rising power demand, electrification, and supportive policy such as the One Big Beautiful Bill Act.

• Diversified investments across grid-connected renewables, behind-the-meter solar/storage, energy efficiency, and clean fuels, with a robust pipeline and long-term programmatic partnerships.

• Maintains resilient margins and consistent EPS growth through economic cycles, supported by recurring cash flows and disciplined risk management.

• Strategic partnerships and capital structure flexibility enable access to multiple sources of capital and enhance returns.

Financial performance and growth

• Achieved a 10% CAGR in adjusted EPS since 2014, with adjusted EPS reaching $2.70 in 2025 and a long-term target of 10% annual growth.

• Adjusted recurring net investment income grew 25% year-over-year to $362 million in 2025, with a 31% CAGR from 2020 to 2025.

• Managed assets have doubled since 2021, surpassing $17 billion by Q2 2026, while annual investment originations have grown over 150% since 2021.

• Portfolio yields on new investments exceeded 11% in 1H 2026, with high visibility of recurring earnings and diversified exposure across asset classes.

• Investment grade status has lowered debt costs by over 130 basis points, supporting capital efficiency and higher ROE, which reached 13.4% in 2025.

Risk management and operational excellence

• Focuses on non-cyclical, long-lived assets with predictable cash flows and high-quality counterparties, minimizing risk through disciplined origination and robust risk management frameworks.

• Maintains a strong credit profile with average annual realized losses on managed assets below 0.1% over the past decade.

• Ample liquidity of $2.2 billion and laddered debt maturities extending to 2056, with 95% of debt at fixed or hedged rates.

• CCH1 co-investment vehicle with KKR reduces reliance on capital markets, enhances ROE, and provides new income streams.

• Deep, experienced team and programmatic client relationships drive repeat business and execution certainty.