Amber Infrastructure presentation to the HMT IPA Digital Infrastructure Investment Fund briefing - 5th July 2017

1. AMBER
INFRASTRUCTURE
DIGITAL INFRASTRUCTURE
INVESTMENT FUND
LAUNCH EVENT
05 July 2017

2. SECTOR ATTRACTION
‒ Becoming a core component
of UK infrastructure
‒ Vital to functioning of the
economy and society
‒ Behaves like a public good
‒ Many parallels with other,
mature utility sectors
‒ Long-term asset life
‒ Low operating costs
INNOVATION IN FINANCING
‒ A strong investment track
record in UK infrastructure
‒ Experienced across all mature
network utility sectors
‒ Making broadband investment
appealing for infrastructure
investors
‒ Regular of partner of national
and local government
DIGITAL FIBRE NETWORKS AS CORE INFRASTUCTURE
01
WE WILL BRING OUR INFRASTRUCTURE EXPERTISE TO THE DIGITAL FIBRE SECTOR
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3. NATIONAL DIGITAL INFRASTRUCTURE FUND
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FUND OVERVIEW
‒ New investment fund dedicated to UK digital infrastructure
‒ HMT investing alongside private investors
‒ Invest across the capital structure
‒ Engage in structuring bespoke financing solutions
NDIF WILL MAKE A SELECTION OF STRATEGIC INVESTMENTS INTO COMPANIES AND
PROJECTS THAT BUILD NEW FIBRE NETWORKS
WHAT WE ARE LOOKING FOR
‒ NDIF will invest in companies and projects that build new fibre networks
‒ ‘Pocket’ for wireless assets where they operate as part of a wider fibre network
‒ Demonstrable defensive positions and prospects for long-term stable cash flows
‒ Well-defined business plans and clear strategies for growth

4. ABOUT AMBER INFRASTRUCTURE
AMBER SUMMARY OVERVIEW
‒ Specialist infrastructure investment firm based in the UK and operating internationally
‒ Invests both directly and through funds it manages in companies and assets owning and
operating physical assets
‒ Market leading expertise in utility and utility-like investment risks
‒ Strong relationships with national and local government
‒ An internal team of over 100 professionals
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AMBER IS A LEADING INVESTMENT MANAGER DEDICATED TO INFRASTRUCTURE

5. FUNDS
04
‒ New investment fund
dedicated to UK digital infra
‒ Partnership with HM Treasury
as a cornerstone investor
EUROPEAN
COMMISSION & EIB
JESSICA FUNDS
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Equity capital currently under
management
Development value of companies
and projects under management
proportional to invested equity
Third-party debt finance raised
since 2010
£2.5bn £8bn £7.8bn
‒ FTSE 250-listed investment
company with £2.15bn mkt cap
‒ ‘Core’ infrastructure, including
network utilities and social infra
‒ Energy efficiency and urban
regeneration across the UK
‒ Partnerships with EIB and
devolved UK governments

6. AN EXPERIENCED AND INNOVATIVE INVESTOR
05
Valuations above represent the Enterprise Value of the company or project(s)
2015
Tideway
Tunnel Sewer
Project
£4.2bn
2011-Ongoing
UK
Offshore
Transmission
£820m
2015-2016
Priority
Schools
Aggregator
£700m
2017
National Grid
Gas
Distribution
£13.8bn
2011-Ongoing
EU
JESSICA
Programme
£200m
A HISTORY OF STRUCTURING INNOVATIVE INVESTMENTS ACROSS A SPECTRUM OF
UK SOCIAL INFRASTRUCTURE AND UTILITIES:
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7. CONTACT DETAILS
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ENQUIRES TO:
Amber Digital Team
digital@amberinfrastructure.com
020 7939 0550

8. DISCLAIMER
The information in this document has been prepared by Amber Infrastructure Limited, part of the Amber Infrastructure Group (“Amber”), solely for use as an information
presentation about the activities of Amber. This document and its contents are strictly confidential and may not be distributed, published, reproduced (in whole or in part)
by any medium or in any form, or disclosed or made available by recipients, to any other person. The information contained in this document is not comprehensive and may
be partial, incomplete or on its own be at risk of being taken out of context. The information in this document was prepared to be supplemental to an oral presentation and
can be understood only in that context and against a review of other published information of Amber and not as a free standing document.
This presentation is being made and this document is being distributed in the United Kingdom only and is directed only at persons who have professional experience in
matters relating to investments who fall within the definition of "investment professionals" in Article 19(5) of, or a person falling within Article 49(2) (High Net Worth
Companies, etc.) of, The Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 of the United Kingdom (all such persons together being referred to as
"relevant persons"). Any person who is not a relevant person should not act or rely on this presentation or this document or any of its contents.
No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the
information, or opinions contained herein. Amber shall have no responsibility or liability whatsoever (for negligence or otherwise) for any loss howsoever arising from any
use of this document or its contents or otherwise arising in connection with this document. Without prejudice to the foregoing no responsibility is taken for any errors or
omissions in this document. The information set out herein may be subject to updating, completion, revision, verification and amendment and such information may change
materially without notice from time to time.
This document has not been approved by the UK Financial Conduct Authority. This document does not constitute or form part of, and should not be construed as, an offer,
invitation or inducement to purchase or subscribe for any securities nor shall it or any part of it form the basis of, or be relied upon in connection with, any contract or
commitment whatsoever. This document does not constitute a recommendation regarding the securities of International Public Partnerships Limited.
07 AMBER INFRASTRUCTURE | DIIF LAUNCH EVENT