1Q20 Results Discussion

Portfolio performance highlights | 1Q20 Water Utility Private late stage Housing Development -6.1% +78.4% P&C Insurance Pipeline GEORGIA CAPITAL Auto Service +18.1% 33.2 31.2 -10.9% 29.1 23.5 19.9 16.3 17.3 15.4 +0.4% NMF +6.5% NMF NMF 17.4 17.5 -23.2% NMF NMF 10.7 9.0 8.2 2.4 8.5 4.3 3.3 1.8 0.05 (1.6) (14.8) (0.4) (0.2) (1.9) Revenue EBITDA Operating cash flow Revenue EBITDA Operating cash flow Earned premiums, net Net income Operating cash flow Revenue EBITDA Operating cash flow 1Q19 ■1Q20 1Q19 1Q20 1Q19 ■1Q20 1019 1Q20 Private early stage Renewable Energy Hospitality & Commercial Wine -12.6% Beer Education +31.5% +26.7% NME +91.5% 7.7 +26.0% NMF 7.9 6.6 6.9 -82.2% -97.8% +73.3% 7.3 6.9 -71.3% 5.9 5.8 +75.8% +44.7% 5.3 4.5 2.8 2.4 3.0 2.6 1.0 1.1 1.2 1.5 (0.2) (0.1) 0.2 0.3 (3.1) (1.7) (6.2) (1.5) 0.02 Revenue EBITDA Operating cash flow Revenue NOI Operating Revenue EBITDA cash flow Operating cash flow Revenue EBITDA Revenue EBITDA Operating cash flow 1Q19 1Q20 1Q19 1Q20 1Q19 1Q20 1Q19 1Q20 NMF 0.3 (0.2) Operating cash flow 1Q19 1Q20 Page 34

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