Why Invest

Who We Are

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 the energy efficiency, renewable energy, and other sustainable infrastructure markets. With $9 billion in managed assets, our core purpose is to make climate positive investments with superior risk-adjusted returns.

Deep Experience and Strong Partnerships

Our management team has deep industry knowledge and experience, dating back more than 35 years. We have long-standing relationships with the leading energy service companies (ESCOs), manufacturers, project developers, utilities, owners, and operators. By developing flexible capital solutions to solve our clients’ problems, we generate recurring, programmatic investment opportunities.

Latest Presentation

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.

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