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Investor Presentaiton

1 Benchmarks indicate that an infrastructure stock level of ~70% GDP is advisable Total core infrastructure stock, 2012 Roads Airports Telecom Rail Power Ports Water % of GDP 87 82 80 76 75 73 71 64 ◄70 58 58 57 South Italy Africa Poland China France Spain Ger- US India many Can- UK ada SOURCE: ITF; GWI; IHS Global Insight; McKinsey Global Institute analysis "Infrastructure Productivity: How to save $ trillion a year" 16

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