Altus Power SPAC Presentation Deck

Elite Sponsor Support from Blackstone One of the world's largest alternative investment managers 30+ year investment track record ✓ $684 billion in AUM¹ Blackstone Advantage Real Estate $208Bn $79Bn Blackstone Alternative Assets Mgmt $174Bn Credit & Insurance² Private Equity $143Bn $38Bn Tactical Opps $42Bn Strategic Partners - CBRE Acquisition ALTUS POWER Holdings ► Long-standing partnership with Altus Power since initial capital investment of $125mm³ in 2014 Key Highlights Completed an $850mm recapitalization of the company in November 2019, positioning Altus Power for future growth Largest owner of commercial real estate globally4 with $208 billion AUM across 5 sectors and over 7,500 real estate holdings Targeting 15% emissions reduction across controlled portfolio covering multiple industries and geographies Led one of the first investment grade rated credit facilities for distributed solar with Altus Power 1. As of 2Q 2021. 2. Credit AUM is a combined figure that includes Blackstone Credit (BXC), Harvest Fund Advisors (Harvest) and Blackstone Insurance Solutions (BIS) businesses. 3. Investment made by Franklin Square Funds, which were funds previously sub-advised by Blackstone affiliates. The sub-advisory relationship with Franklin Square concluded effective April 9, 2018. 4. Largest owner based on estimated market value per Real Capital Analytics, as of June 30, 2021. Excludes governmental entities and religious organizations. Largest institutional shareholder of Altus Power pro forma with board representation 24

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