EFTA01366451.pdf

Amendment #4 Page 22 of 868 lehli collimr. Foam on emerging markets with ftwOreber Investment attrthutes Mile our ctrrent loos is on solar wind and hydr0-eleetne energy generaton assets in our initial target markets, we will selectively consider acquertors d clean power generation assets in other geographes We expect to pursue opportuntres in other high-growth emergrg markets the rave cheraaenstes smiler to those of our total target markets wen a focus on ether markets located in Asia (except Japan) Mica, Latin America and the Mdde East We beleve there writ to arple opporttnties to acquire high-quality contracted clean power generation assets n nigh- growth emergng markets with these attributes nchnOlOgpriecrtrati dein power pistromt. We nerd to expend upon our Speeders tecrinol>gy.neutral platform. Our Sponsors platform enables the development, acquisition, martenance and operation of renewable energy generatca assets across vanes renewable energy lechnoetes. inducing solar, wird and horcieectnc This tectnology.neural platform enables our open architecture approach, which provides is with the ability to evaluate a broad range of development partnershps and acquittal opportunities and support the rapid growth of our portfolo eldrOsin sound financial emotion. We intend to ma'am our commernert to clsogined financial analyse and a balanced caplet stuck/. Cur financial peaces wit nclude (i) a risk and credt policy focused on transactrg with credtvaxthy canterparbes: (ii) a financing policy focused on achieving an optimal capital structure through various capital formation alternatives to minirrize rawest rates. refinancog nsks and tax wire-o/drigs. °Outliving derivabve Marcel instruments to minima our net exposue to currency Iluctistons. and (w) a dwiderd policy that is based on dent:ulna the CAFO generated by our project Paftolm (after deducting appropriate reamed for our waking capital reeds and the prudent conduct of our business) Out inbal dividend was established based on our targeted payoUt rated apixorrreitety (15% Of pr0yectedCAFD See 'Cash drviderd peaty ' Our competitive strengths We Where our key Carped we svengths Include Dfrersity. Our ritial portfolio es well dversified in terms of geography, market segment counterparty. and types of renewable energy technology We serve ut 7: commercial ridustrel art governmental customers and may serve resit/areal dunes lines in the future. We have projects located across 11 courtnes and foss' continents Projects n our initial portfolio boated in any sage country are rot expected to represent more than 30% of ov projected CAFD fate year endrg December 31 2016. thereby reckcing our operating nsk profile art reliance on any singe market or segment We utitze several renewable energy technologies the production peones of wench complement one another. which we believe enables us to generate consetent cash floor We believe our diverse customer base geographic presence and technology improves our business development opportunities by enhancing our industry relanonehps. reputation and understanoing of regional power mantel dynamos Portfotlo growth opportunities We believe we will be able to rapidly expand 041Intel portfolio through several channels We rave swifter* project acourston cat firs and ROC() nghts wth oa Sponsor. We also expect to have call nghts wth dud-party developers of clean power generation assets, including the Third. Party Cal ROI Prorects We and our Sponsor have waistcoat located project origination teams• along with relationships with regionally-focused clean power generation corn:sines brat we believe will fa:elate the growth of our protect pipeline We expect to nave sgrifcant opportunities to expand our project portfolio through a tonal third-party acquabons for the foreseeable future la http://cfdocs.btogo.com:27638/cf/drv7/pub/edgar/2015/07/20/0001193125-15-256461/d78... 7/20/2015 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0057979 CONFIDENTIAL SDNY_GM_00204163 EFTA01366451