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

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

32 PROJECTS AROUND THE WORLD INCLUDING 9 IN NORTH AMERICA 110 EMPLOYEES INCLUDING 50 WORKING IN PROJECT COMPANIES 15 DIFFERENT NATIONALITIES $3.8

bn OF ASSETS UNDER MANAGEMENT FOR PROJECTS WORTH $33 BILLION INVESTMENT 2

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) 3

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

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Investment Portfolio - 32 projects across three funds

CRCHUM WATERLOO LRT NEAH LIFT NOTTINGHAM TRAM UOH STUDENTS ACCOMMODATION SCOTTISH ROADS IOW ROAD MAINTENANCE LIMERICK TUNNEL PRESIDIO PARKWAY K E Y LONG BEACH COURTHOUSE LBJ NORTH TARRANT EXPRESS (NTE) NTE SEGMENTS 3A-3B PORT OF MIAMI TUNNEL CLOSED PROJECT SOCIAL ROAD PREFERRED BIDDER PROJECT ENVIRONMENTAL RAILWAY RENNES HOSPITAL CHATEAUROUX GENDARMERIE A66 MOTORWAY A334 MOTORWAY 5 E18 MOTORWAY A5 MOTORWAY A2 PHASE 1 A2 PHASE 2 R1 MOTORWAY VIENNA RING ROAD ANNEMASSE HOSPITAL NAVIGATION DAMS L2 MARSEILLE CNM HSL VÉLODROME SEA HSL ADANA HOSPITAL

Portfolio Extract: Urban Regeneration

FULCRUM LIFT

(United Kingdom) 30 years

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

37 years

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

6 30 years

Portfolio Extract: Public Transportation

• •

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

Nottingham Express Transit Phase 2

(United Kingdom) 22 years

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

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Portfolio Extract: Reducing Congestion

North Tarrant Express Segments 3A & 3B

(Texas) 48 years

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

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

L2 Marseille

(France) 30 years

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

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Extensive network of partners

An access to projects through relationships with global industrial sponsors

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Meridiam is a certified fund manager with a commitment to ESG

Meridiam Certification

•

ISO 9001: 2008 certification

responsible investment process achieved for • 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 procedures supported by underlying • 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

Commitment to ESG principles

•

ESG

is at the core of Meridiam’s certified investment and asset management processes •

Meridiam Sustainable Development Charter

embraces: o Principles of the 1948 Universal Declaration of Human Rights o Principles of the International Labor Organization o o Principles of the United Nations Global Compact Equator Principles o UNPRI • Meridiam is committed to building long-term projects which communities gain support from local • Meridiam reports to its investors: o o 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 10