Investor Presentation: Defining the Cities of Tomorrow

URBANIZATION A majority of the world's population now lives in urban areas; by 2050, 2/3 of the world population will be urban dwellers. World population (millions) 7,000 6,000 5,000 4,000 3,000 2,000 2007! 1,000 Urban Rural 1950 1960 1970 1980 1990 2000 2010 2020 2030 2040 2050 Cities produce 2/3 of the world's GDP; half of the global growth to 2025 will come from mid- and small-size cities. IBI IBI GROUP United Nations. (2014 Revision n.d.). World Urbanization Prospects: Figure 2. Retrieved from http://esa.un.org/unpd/wup/Highlights/WUP2014-Highlights.pdf Investor Presentation | 7

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