EFTA01366629.pdf

Amendment #4 Page 200 of 868 lshk Cousins- Our business strategy Our primary loyalness strategy a to increase the cash divdends we pay to the holders of at Class A common stock ove lime Our plan for exeoding Mrs strategy includes the rot lowing Focus on long4srm contracted clean power generation assets. At projects included in our initial portfolio together wth any call right pr o)ect that we acqure. will have a PPA wth a creditworthy coalerparly or be sttgeet to a similar offtaire arrangement such as a feed-in tariff program We intend to locus on owning and operating long-term contracted clean past.' generation assets with proven technologes low operating risks arc stable cash fl0ws C0nsetent week"' abet portfolio We believe industry trends will support sgmhcant growlhoppedunites tar long-tom contracted power in the clean power generation segment as various emergng markets continue to rapidly grow thee electricity usage and approach god panty Grow our Marne.s throcian acquisitions of longterm contracted operating assets. We intend to acqure additional long-term contracted clean power generation assets from our Sponsor and unaffiliated Irina parties to increase our CAFO The Supper! Agreement estateshes (I) a mamurn commitment from our Sponsor to provide us with Si 4 billion of Protector) FTIA CAFD thrown the fifth arrwertary of the completer or this offering, whch will be satisfied eater through (x) the optcn to scour° the identified Cal Rge Projects. which cdrently represent an aggregate capacity of approArnatety 4.2% 4 MW. or (y) the option to acquire additional projects from our Sponsors development ppelme that will in the future be designated as Call Right Prcycts. and (a) a right of first offer on the SimEdison ROFO Protects We also have Tnrd.Party Ceti Right Projects and expect to enter 'So a tonal call right agreements with third parties. Given the strong growth trends in ors initial target markets, we also expect to have sign:foam opportufil es to /tepee other dean power generation assets from third-party developers independent power erect-cora and financial investors We believe our 3COUSIWO strategies, based on an extenswe knowledge 01 the market, third-party relationships operating expense and access to cap' al will enhance ow ability to grow and generate CARD and provide us w.th a ecmpetrtwe advantage in acquring new assets. Attractive, high-growth asset class We intend to Melly locus on the solar and wind energy segments because we believe they are currently the fastest growing segments of the dean power generation iniustry gobally and otter ataact roe opportufittes to own assets and deploy longterm capital due to tne preacta to ley of their cash flaws, and the hytro-erectric energy segment because we Deleve its sgnfcart market sae presents numerous investment oppartufites Also. we believe the solar wrd and hydroielectnc energy segments are attracts* because tnere a no associated het cost risk thee associated ted-rictoges have become Nghly reliable and based on the experience Cl our Sponsor, require low operational and marrtererce expenditures and a low level of interaction from managers as compared to correemonal energy assets Solar, vend and nydro-eettnc protects also have an expected life wryer, can exceed 30 years In addlon tre projects n our initial partial* generally operate under tong-term PPAs win terms of up to 30 years Focus on *merging markets whir favorable Investment attributes While our current focus is co solar, wird and hydroelectric energy generation assets in our initial target markets, we will seledwety consider acquisitions cf clean power generation assets in other gecgrephes We expect to pssue oppartunt es in other high-growth emerging markets that nave charactersocs smite r to those of our Intel target markets wen a focus on other markets located in ASr3 (except Japan) Africa, Latin America and tre Middle East Vie believe there vnll oe ample opponunnes to acqure hgnquality contracted clean power generation assets in high-growth emerging markets with these attributes Technologyvveufrel cleanpower piatkimi We ireend to expand upon au Sponsor's technology-neutral platform Our Sponsor's packein enables Ire development. acipssiton maintenance arc operation of renewable energy general on assets across venous renewable energy technocges, including solar, WOO and 192 hup://cfdocs.btogo. corn:27638/cf/dna/pub/edgar/2015/07/20/0001193125-15-256461/d78... 7/20/2015 CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) DB-SDNY-0058157 CONFIDENTIAL SDNY_GM_00204341 EFTA01366629