3i Infrastructure : Analyst presentation (1.4mb)

Results for the full year to 31 March 2021

11 May 2021

Important information

This disclaimer notice (and any non-contractual obligations arising out of or in connection w ith it) is governed by English law .

The sole purpose of this information-only presentation ("Presentation") and w ebcast on behalf of 3i Infrastructure plc is to provide information on a non-reliance basis about 3i

Infrastructure plc and its subsidiaries (together "3iN") and their holdings in 3iN's investment portfolio. This Presentation should not be taken as an offer of any kind or a recommendation to buy, sell or hold the shares of 3i Infrastructure plc or any other securities. Nothing in this Presentation constitutes or is intended to constitute an offer, invitation

or a commitment of any kind or a solicitation by 3iN or its investment manager 3i Investments plc ("3i") to provide services or to enter into any transaction, nor does it evidence an

intention on the part of 3iN, 3i or their respective affiliates (together the "Companies") to make such an offer. The Presentation does not and is not intended to give rise to legally binding relations and shall not create any legally binding obligations (w hether contractual, non-contractual or otherw ise) on the part of the Companies or any other person.

Nothing in this Presentation constitutes or is intended to constitute financial or other advice and you should not act upon any information contained in the Presentation w ithout first consulting a financial or other professional adviser.

No representation, w arranty or undertaking is given by the Companies or by any other person in respect of the fairness, adequacy, accuracy or completeness of statements, information or opinions expressed in the Presentation and neither 3iN, 3i nor any other person takes responsibility for the consequences of reliance upon any such statement, information or opinion in, or any omissions from, the Presentation. The information contained in this Presentation has not been audited or verified.

The Presentation may contain statements about the future, including certain statements about the future outlook for 3iN. Anyprojections or forecasts in this Presentation have been prepared by 3iN and 3i based on various assumptions concerning anticipated results (w hich assumptions may or may not prove to be correct) and are illustrative only. These are not guarantees of future performance and w ill not be updated. The actual results may be materially and adversely affected by economic or other circumstances and the analysis is based on certain assumptions w ith respect to significant factors that may prove not to be as assumed. Nothing contained herein shall constitute any representation or w arranty as to future performance of 3iN securities, any financial instrument, credit, currency, rate or other market or economic measure and past performance is not necessarily indicative of future results.

To the fullest extent possible under English law , by accepting delivery of the Presentation, each recipient releases each of the Companies and each of their affiliates, advisers, directors, employees and agents in all circumstances from any liability w hatsoever (other than for fraud) how soever arising from its use of the Presentation. In addition, no responsibility or liability or duty of care is or w ill be accepted by the Companies or their affiliates, advisers, directors,employees or agents for updating this Presentation (or any additional information), correcting any inaccuracies in it or providing any additional information to recipients.

This document has not been approved by a person authorised under the Financial Services & Markets Act 2000 ("FSMA") for the purposes of section 21 FSMA. This document has not been approved by the UK Financial Conduct Authority, the Jersey Financial Services Commission or other relevant regulatory body, nor by a person authorised under the Financial Services & Markets Act 2000. 3i Investments plc is acting only for 3i Infrastructure plc and is not acting for any other person (a "third party"). 3i Investments plc w ill not be responsible to any third party for providing the protections afforded to clients of 3i Investments plc and w ill not be advising any third party on investing in 3i Infrastructure plc.

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Important information (cont.) - US Persons

The distribution of this Presentation in certain jurisdictions may be restricted by law . Persons into w hose possession this Presentation comes are required to inform themselves about and to observe any such restrictions.

Terms used in this paragraph (including the term "US Person") have the meanings given to them in Regulation S under the U.S. Securities Act of 1933, as amended (the "Securities Act").

For US regulatory reasons, US Residents and other US Persons are not permitted to access this presentation (or the 3i Infrastructure plc w ebsite (www.3i-infrastructure.com), unless they have express permission from 3i Infrastructure plc to do so (w hich may be granted by 3i Infrastructure plc in circumstances w here such US Resident has given 3i Infrastructure plc certain undertakings). 3i Infrastructure plc is not offering any securities or services in the United States or to US residents through this presentation or the 3i Infrastructure plc w ebsite and securities may not be offered or sold in the United States absent registration under the Securities Act, or an exemption from registration under the Securities Act. Any public offering of any such securities in the United States w ould be made by means of a prospectus that could be obtained from 3iN and 3i and w hich w ould contain detailed information about 3i Infrastructure plc, its management and its financial statements. 3iN is not currently making any public offering in the United States and no such prospectus has been issued. No public offering of any such securities in the United States is currently contemplated.

A "US Resident" includes any US Person, as w ell as (i) any natural person w ho is only temporarily residing outside the United States, (ii) any account of a US Person over w hich a non-US fiduciary has investment discretion or any entity, w hich, in either case, is being used to circumvent the registration requirements of the US Investment Company Act of 1940, and (iii) any employee benefit or pension plan that does not have as its participants or beneficiaries persons substantially all of w homare not US Persons. In addition, for these purposes, if an entity either has been formed or is operated for the purpose of investing in a particular security or obtaining a particular service, or facilitates individual investment decisions, none of the beneficiaries or other interest holders of such entity may be US Residents. The term "US Resident" also includes (i) persons acting for the account or benefit of a US Resident or (ii) persons in the United States w hen they are seeking to enter the w ebsite.

Presentations made by or on behalf of 3iN to US investors are made only to 'qualified purchasers' (as that term is used for purposes of Section 3(c)(7) of the Investment Company Act of 1940, as amended (the '1940 Act')), and 'accredited investors' and 'qualified institutional buyers' (as defined under the Securities Act of 1933). As a result, by your access of this presentation you represent that you have 3iN's permission and that you act as investment manager for one or more accounts that are 'qualified purchasers', 'accredited investors' and 'qualified institutional buyers'. Moreover, you, on your ow n behalf and on behalf of your affiliates, agree that so long as 3iN is not registered under the 1940 Act, any securities of 3iN that are purchased w ill be purchased only for the accounts of 'qualified purchasers', 'accredited investors' and 'qualified institutional buyers'. You and your

affiliates also agree that any securities of 3iN ow ned by any such accounts w ill be sold and/or transferred only in offshoresecondary market transactions (e.g. through the London Stock Exchange) w ithout the direct or indirect involvement of 3iN, its affiliates, agents or intermediaries.

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Richard Laing

Chair

Today's agenda

Introduction	Richard Laing

Business review	Phil White

Financial review	James Dawes

Q&AAll

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