Financing Public Energy Efficiency Projects

Introduction to HASI

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) •Debt and equity investments in sustainable infrastructure projects

• Energy efficiency projects performed by ESCOs• Clean energy projects• Other sustainable infrastructure projects that reduce energy consumption,

positively impact the environment, or use natural resources more efficiently

Leading Energy Efficiency Provider – 30 years•Originated $4.6B in financing for 475 projects since 2000•Leading provider of financing for Federal energy efficiency projects

REIT Structure•IPO on April 18, 2013•Converted to REIT to increase capital resources, structuring flexibility, expand project types and end-customers

Experienced Management with Deep Industry Relations

Financing Public Energy Efficiency Projects

PACETax-Exempt

LeaseTaxable

Off-Credit

Off-Balance Sheet(1) & Off-

Credit

Fixed Debt Payment Yes Yes No No

Impact on Credit Rating Yes Yes No No

Reduction in Borrowing Capacity Yes Yes No No

Requires Loan Instrument Yes Yes No No

Exposure to Performance/Credit Risk Yes Yes No No

Impact on Bond Covenants Yes Yes TBD(2) No

Est. Coupon 7.00% 3.5% - 4% 5.00% 5.00%

Closing/Legal Fees Yes Yes No Yes(3)

Max Term 20 20 25 25

Thank You

John J. ChristmasSenior Vice President

Hannon Armstrong Securities, Inc.1906 Towne Centre Blvd.

Suite 370Annapolis, MD 21401

(410) 571-6164 - Direct(703) 403-0464 - Mobile