Investor Relations

Hannon Armstrong

Based in Annapolis, Maryland, Hannon Armstrong (NYSE: HASI) is the first U.S. public company solely dedicated to investments in climate solutions, providing capital to assets developed by leading companies in energy efficiency, renewable energy, and other sustainable infrastructure markets. With more than $9 billion in managed assets, our core purpose is to make climate positive investments with superior risk-adjusted returns.

Key Metrics1

5% - 8%

DPS
Compound Annual Growth Guidance

10% - 13%

Distributable EPS
Compound Annual Growth Guidance2

>$9b

Managed Assets

Source: 2Q22

For complete information regarding our financials, see our periodic filings

1) As of June 30, 2022
2) Expectation from 2021 through 2024, relative to the 2020 baseline

View Reconciliation

Stock Information

Hannon Armstrong Sustainable Infrastructure Capital, Inc.

Latest Annual Filing

For Fiscal Year Ending December 31, 2021

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Climate Positive Investor

Hannon Armstrong is the first U.S. public company solely dedicated to investments in climate solutions, providing capital to assets developed by leading companies in energy efficiency, renewable energy, and other sustainable infrastructure markets. With more than $9 billion in managed assets, our goal is to generate attractive risk-adjusted returns from proven technologies that reduce carbon emissions or increase resilience to climate change.

Our investments take many forms, including equity, joint ventures, land ownership, lending, and other financing transactions. In addition to Net Investment Income from our portfolio, we also generate ongoing fees through gain-on-sale securitization transactions, asset management, and other services.

$3.9 Billion Portfolio

As of June 30, 2022

Wind 25%

GC Solar 17%

Residential 31%

Public Sector 8%

C&I 8%

Community 7%

Green Real Estate 3%

Sustainable Infrastructure 1%

Diversified and Long-dated Cashflows1

>350

Total Investments2

$11 Million

Average Investment2

18 Years

Weighted Average Life

Source: 2Q22
1) GAAP-based Portfolio, as of 6/30/22
2) Individual investments with outstanding balances > $1m; GAAP-based Portfolio, as of 6/30/22

Compelling Value Proposition for Investors

Programmatic Growth

Robust >$4b pipeline driven by diverse set of >40 programmatic and prospective clients – many active in multiple asset classes

Diversified High-Quality Portfolio

>350 investments across ~10 asset classes

Durable Capital Structure

Credit rating of Baa3 / BB+ / BB+ (Moody’s / S&P / Fitch), underpinned by prudent 1.8x debt to equity ratio and 93% fixed rate debt

Proven Track Record

Outstanding credit history with de minimis <20 bps cumulative credit losses.

Industry-Leading ESG

Leading investor in climate solutions with proprietary tools to evaluate portfolio carbon and water reduction impacts

Carbon Emissions Reductions2

CarbonCount® 0.24 (2Q22)
6.1m Cumulative Metric Tons of CO2 Avoided Annually

Water Savings3

WaterCountTM 301 (1Q22)
5b Cumulative Gallons of Water Saved Annually
As of June 30, 2022 • 2Q22 Hannon Armstrong Earnings Presentation

1) Calculation represents credit losses as a percentage of cumulative originations, excluding equity method investments
2) CarbonCount® is a scoring tool that evaluates investments in U.S.-based energy efficiency and renewable energy projects to estimate the expected CO2 emission reduction per $1,000 of investment
3) WaterCountTM is a scoring tool that evaluates investments in U.S.-based projects to estimate the expected water consumption reduction per $1,000 of investment
4) Estimated amount to be avoided by cumulative investments from 2013 IPO through end of year 2021 on an annual basis going forward

Recent Highlights

Metric Sub-Metric 1Q21 2Q22 Growth (YOY)
EPS GAAP $0.20 $(0.21)
Distributable1 $0.57 $0.60 +5%
NII GAAP-based $(9.0)m $11.1m
Distributable1 $33.2m $47.9m +44%
Portfolio Yield1 7.7% 7.4%
Portfolio2 $3.0b $3.9b +30%
Managed Assets1 $8.0b $9.3b +16%
Distributable ROE3 14.4% 13.4%
Pipeline >$4b >$3b
Transactions Closed $509m $340m
CarbonCount®5 0.23 0.24
WaterCount™6 60 301

As of June 30, 2022 • 2Q22 Earnings Presentation

1) View reconciliation
2) GAAP-based
3) Distributable ROE is calculated using Distributable Earnings for the period and the average of the quarterly ending equity balances for the period.
5) CarbonCount ® is a scoring tool that evaluates investments in U.S.-based energy efficiency and renewable energy projects to estimate the expected CO2 emission reduction per $1,000 of investment.
6) WaterCount is a scoring tool that evaluates investments in U.S.-based projects to estimate the expected water consumption reduction in gallons per $1,000 of investment.

Increase and Extension of Guidance

Bar Chart: Expected Compounded annual growth distributable eps (2021 - 2024)2 : 10% - 13% DP : 5% - 8%

1) View reconciliation
2) Relative to the 2020 baseline.

Growth Highlights

GAAP and Distributable EPS1

GAAP and Distributable EPS<sup>1</sup>

NII1 and Gain on Sale and Fees

NII<sup>1</sup> and Gain on Sale and Fees

Managed Assets1

Managed Assets<sup>1</sup>

Portfolio Yield1 and Distributable ROE2

Portfolio Yield<sup>1</sup> and Distributable ROE<sup>2</sup>
1) View reconciliation
2) Distributable ROE is calculated using Distributable Earnings for the period and the average of the quarterly ending equity balances for the period.

Industry-Leading ESG

Since our founding, we have embedded an unshakeable commitment to ESG into our business model and operations. We believe our demonstration of this commitment has driven our ability to generate superior risk-adjusted returns for shareholders and continues to serve as a model for others in our industry.

  • Every investment improves our climate future – unique among mainstream financial institutions
  • Funded by an annual Social Dividend, the Hannon Armstrong Foundation supports multiple climate justice initiatives
  • Full integration of ESG across business units under the direction of our CEO and with the oversight of our Board of Directors
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Investor Contact Information

Company

Hannon Armstrong Sustainable Infrastructure Capital, Inc.
1 Park Place
Suite 200
Annapolis, MD 21401
info@hannonarmstrong.com

Investor Relations

investors@hannonarmstrong.com

Transfer Agent

AST Financial
6201 15th Avenue
Brooklyn, NY 11219
T: (800) 937-5449 or (718) 921-8124
https://www.astfinancial.com