Annualized RIN I Equity Current Yield (Inception — Present) EL
Average cash yield of 15.8% since inception
Historical RIN Equity Current Yields
Leverage: 6.67x
Current Yield %' Leverage
25% 7.00x
6.00x
20% .~ ''.4 .
94,
5.00x
15%
4.00x
3.00x
10%
2.00x
5%
1.00x
0% I I I I 0.00x
Q115 Q215 Q3'15 Q415 Q1'16 QZ16 Q3'16 Q4'16 Q1'17 Q2'17 Q3'17
Current Yield (%) LH Portfolio Leverage (x) RH
(1) Represents cash-on-cash returns to equity investors after fees (including performance fee).
No assurance can be made that current yields can be maintained due to changes in financial conditions and market uncertainties. Past performance is not indicative of future returns.
Source. Deutsche Asset Management as of 03'17 payment date. October 17. 2017.
Deutsche Asset Management Infrastructure Debt Presentation: RIN II Equity
March 2018 16
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0062694
CONFIDENTIAL SDNY_GM_00208878
EFTA01370095