ANTIN // 2021 Universal Registration Document

PRESENTATION OF ANTIN 1 Industry overview

GLOBAL FORECAST INFRASTRUCTURE INVESTMENT VERSUS INVESTMENT NEEDS ($trn)

5

Current forecast investment

Investment needs

4

3

2

2040

2016

2018

2020

2022

2024

2026

2028

2030

2032

2034

2036

2038

Source: Global Infrastructure Hub, Global Infrastructure Outlook.

1.1.4 Trends driving the growth of the private markets industry and infrastructure investing

The strong and continued growth of the private markets industry is underpinned by a number of secular trends, from which Antin believes it is set to benefit: 3 increasing institutional allocation to private markets; 3 growth in long-term savings and investing driven by institutional wealth; and 3 consistent outperformance of private markets investments over public markets. The graph “ Investors’ Plans To Allocate To Private Infrastructure Over The Next 12 Months ” shows how 89% of institutional investors plan to either increase or allocate the same amount of capital to infrastructure over the next twelve months. Antin believes that expectations of higher inflation will further reinforce this trend.

Further, despite the growing overall levels of allocation to alternative investments, the actual investments by institutional investors remain below target levels. According to Preqin, institutional investors are underweighted relative to their target allocations in respect to infrastructure assets with an average ratio of 67% (1) . Consistent outperformance of private markets investments over public markets Private market investments have an established track record of both higher absolute and risk-adjusted returns in comparison to public markets, including both equity and fixed income markets. The graph “ Median Public Pension Fund Net Returns by Asset Class (2020) ” shows how over the medium-term, private market asset classes, including infrastructure, have delivered superior returns versus traditional equity and fixed income markets.

INVESTORS’ PLANS TO ALLOCATE TO PRIVATE INFRASTRUCTURE OVER THE NEXT 12 MONTHS

Invest Less Capital 11%

Invest Same Amount of Capital 56%

InvestMoreCapital 33%

Source: Preqin, 2022 Global Infrastructure report.

(1) Preqin, 2022 Preqin Global Infrastructure report.

18 ANTIN INFRASTRUCTURE PARTNERS S.A. - UNIVERSAL REGISTRATION DOCUMENT 2021