Investor Relations

Q4 & FY 2022 Earnings Conference Call

February 16, 2022 - 5:00 PM ET

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Latest Quarterly Results

3Q22

Quarter End September 30, 2022

Key Metrics1

5% - 8%

DPS
Compound Annual Growth Guidance

10% - 13%

Distributable EPS
Compound Annual Growth Guidance2

>$9b

Managed Assets

Source: 3Q22

For complete information regarding our financials, see our periodic filings

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

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Stock Information

Hannon Armstrong Sustainable Infrastructure Capital, Inc.

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Latest Annual Filing

For Fiscal Year Ending December 31, 2021

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Latest News

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Hannon Armstrong Announces Fourth Quarter and Full Year 2022 Earnings Release Date and Conference Call

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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.

A Closer Look at Our Portfolio

Our highly diversified balance sheet portfolio spans three markets and multiple asset classes.

Behind-the-Meter

Energy Efficiency
Distributed Solar
Storage

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Grid-Connected

Wind
Solar
Storage

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Sustainable Infrastructure

Ecological Restoration
RNG
Transport

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$3.9 Billion Portfolio

As of September 30, 2022

Wind 24%

GC Solar 17%

Residential 32%

Public Sector 7%

C&I 8%

Community 9%

Green Real Estate 2%

Sustainable Infrastructure 2%

Diversified and Long-dated Cashflows1

>365

Total Investments2

$11 Million

Average Investment2

18 Years

Weighted Average Life

Source: 3Q22
1) GAAP-based Portfolio, as of 9/30/22
2) Individual investments with outstanding balances > $1m; GAAP-based Portfolio, as of 9/30/22

Compelling Value Proposition for Investors

Programmatic Growth

Robust >$4.5b pipeline driven by diverse set of >40 programmatic and prospective clients – many active in multiple asset classes

Diversified High-Quality Portfolio

>365 investments across ~8 asset classes

Durable Capital Structure

Credit rating of Baa3 / BB+ / BB+ (Moody’s / S&P / Fitch), underpinned by prudent 1.7x debt to equity ratio and 93% fixed rate debt

Proven Track Record

99% of investments performing within expectations.1

Industry-Leading ESG

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

1) This category includes our assets where based on our credit criteria and performance to date we believe that our risk of not receiving our invested capital remains low.

Carbon Emissions Reductions1

CarbonCount® 0.2 (3Q22)
6.2m Cumulative Metric Tons of CO2 Avoided Annually

Water Savings2

WaterCountTM 710 (3Q22)
4.9b Cumulative Gallons of Water Saved Annually
As of September 30, 2022 • 3Q22 Hannon Armstrong Earnings Presentation

1) 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
2) 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

Recent Highlights

Metric Sub-Metric 3Q21 3Q22 Growth (YOY)
EPS GAAP $(0.04) $0.38
Distributable1 $0.41 $0.49 +20%
NII GAAP-based $5.3m $11.4m
Distributable1 $32.0m $43.4m +36%
Gain on Sale and Fees $16.2m $19.2m
Portfolio2 $3.2b $3.9b +22%
Managed Assets $8.2b $9.4b
Distributable ROE3 10.0% 10.8%
Transactions Closed $539m $273m

As of September 30, 2022 • 3Q22 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.

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