ANTIN // 2021 Universal Registration Document

PRESENTATION OF ANTIN

Industry overview

1

MEDIAN PUBLIC PENSION FUND NET RETURNS BY ASSET CLASS (2020)

10.1%

10.0%

9.1%

8.9%

7.2%

6.0%

5.5% 5.2%

4.7%

4.2%

2.1%

1.9%

3-year

5-year

Q Private Equity

Q Infrastructure

Q Real Estate

Q Listed Equity

Q Fixed Income

Q Hedge Funds

Source: Preqin, 2021 Preqin Global Infrastructure report. In addition to achieving superior risk-adjusted returns, institutional investors have been increasing their allocations to infrastructure investments to attain diversification, inflation protection, stable income and low volatility relative to other asset classes.

1.1.5 Private markets and infrastructure investing industry competitive dynamics

The private markets industry is highly fragmented. Within the infrastructure segment, there were 339 private infrastructure funds collectively targeting fundraising of $197 billion (1) . Private market firms compete for investment allocations from

The firms competing within private markets vary across asset classes, sector and geography. Antin’s pioneering investment approach, track record of investment performance, long-term relationships with Fund Investors and culture have enabled Antin to successfully differentiate itself from the competition. As a result, especially within its Flagship Fund Series, Antin typically competes with only a limited number of peers for investment opportunities, including EQT, I Squared Capital, KKR, Stonepeak Infrastructure Partners and Global Infrastructure Partners.

institutional investors based on factors including: 3 investment focus and investment performance; 3 quality of service; 3 brand recognition and reputation; 3 fund economics and fees.

(1) Preqin.

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