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Asset Class:Digital Infrastructure

G20 Global Infrastructure Connectivity Alliance First Annual Meeting

Paris, 25th of January 2018

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Situation

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Infrastructure/Service Competition

▪ Business models of pure service providers are more

successful than those of fully integrated providers

▪ Complexity of managing infrastructure and services

simultaneously leads to diametric strategies

Infrastructure Investment Dilemma

▪ Infrastructure Investments increase CAPEX costs

and decrease return expectations for shareholders

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Infrastructure / Service DilemmaCombined business models cannot refinance required invest.

0 1 2 3 4 5 t

Cost Revenue

0 1 2 3 4 5 t

Cost Revenue

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Approach

Strategic investment in

infrastructure produces a foundation

for long-term growth.Roger McNamee

Citizen Participation▪ Stakeholder integration▪ Increasing acceptance

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Innovations(New) infrastructure financing options

Enhanced Forms and Vehicles▪ E.g. Corporate/green Bonds▪ E.g. Yield Cos

Decoupling▪ Separation of long-term and

short-term assets

Infrastructure Funds▪ Dedicated Asset Class▪ Targeting long-term investors

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Portfolio

▪ Information networks and backbones

▪ Data centers and data fortress recovery sites.

▪ Submarine cablesand landing premises

▪ Mobile network sites and towers

▪ Satellite up- and downlinks

Asset Class

Asset Class

Digital Infrastructure constitutes and enables the information society.

▪ Long-term

▪ Capital-intensive

▪ Separates from short-term active equipment or services.

Di² fosters the Asset Class Digital Infrastructure!

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Outlook

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Start Vision

2013 2017 2018 2020

Hyperloop Test

Pod Contest 12 Min Dubai – Abu Dhabi

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HyperloopConcepts will cause tremendous change to existing infrastructure.

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Connectivity and ICT enable and foster economic

growth, ecologic progress and social development.

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Arrivo LoopICT infrastructure enables future infrastructure.

Di² Summit 2018WHERE DIGITAL INFRASTRUCTURE & INVESTMENT MEET

12 March 2018, 10:00 CET, Airport Club, Frankfurt Airport

▪ Workshops▪ Roundtables▪ Confidential One-to-One Meetings

With the participation of

Partners

Sponsors

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Contact usNico Grovenico.grove@di-square.euMobile: +49 178 8118166

DisclaimerThis material does not constitute any representation as to the suitability or appropriatenessof any security, financial product or instrument. There is no guarantee that investment in anyprogram or strategy discussed herein will be profitable or will not incur loss. This informationis prepared for general information only. It does not have regard to the specific investmentobjectives, financial situation, and the particular needs of any specific person who mayreceive this report. Investors should seek financial advice regarding the appropriateness ofinvesting in any security or investment strategy discussed or recommended in this report andshould understand that statements regarding future prospects may not be realized. Investorsshould note that security values may fluctuate and that each security’s price or value may riseor fall. Accordingly, investors may receive back less than originally invested. Past performanceis not a guide to future performance. Individual client accounts may vary. Investing in anysecurity involves certain risks called non-diversifiable risk. These risks include market risk,interest-rate risk, inflation risk, and event risk. These risks are in addition to any specific, ordiversifiable, risks associated with particular investment styles or strategies.

Di² is a brand of Taunus Synergija GmbH. Company address: Taunus Synergija GmbHNiddastraße 49, 61440 Oberursel, Germany. Commercial Register: Bad HomburgDistrict Court, HRB 13644. Managing Directors: Helmut Kohl, Thomas Langer.

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20242022202020182016201420122010

Analysis

5-25%Economic return generated for every

dollar spent on a capital project

Source: Oxford Economics; PWC

Infrastructure SpendingGlobal infrastructure spending will reach $9 trillion by 2025.

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