Mubadala 2015 “We Must Not Rely on Oil Alone As the Main Source of Our National Income

Mubadala 2015 “We must not rely on oil alone as the main source of our national income. We have to diversify the sources of our revenue and construct economic projects that will ensure a free, stable and dignified life for the people of this country.”

Sheikh Zayed bin Sultan Al Nahyan, Founder of the UAE

Mubadala Development Company // 2015 2 About Mubadala

Created to help catalyze Abu Dhabi's vision of economic diversification and social development while generating strong financial returns

Investing globally in areas with long-term growth potential that align with the government’s priorities

Driving the establishment of new industry sectors and vital infrastructure in Abu Dhabi – including university campuses and specialized healthcare facilities About Abu Dhabi

The United Arab Emirates (UAE) is Formation: 2002 a federation of seven emirates situated on the Arabian peninsula Ownership: 100% by the Government of Abu Dhabi The Emirate of Abu Dhabi has a population of approximately 2.45 million and holds significant Chairman of the Board: H.H. Sheikh oil and gas reserves Mohamed bin Zayed Al Nahyan, Abu Dhabi’s Crown Prince The city of Abu Dhabi is the capital of the UAE Portfolio value: AED 243.6 billion In 2007, the Government of Abu Dhabi identified a number of priority areas to drive the (US $66 billion) diversification of the economy and reduce the country’s reliance on hydrocarbons Global employee base: 39,000+

Mubadala Development Company // 2015 3 Investment Approach

Our role as an agent of economic diversification for Abu Dhabi means we adopt a holistic, long-term approach to value creation that goes beyond financial returns and GDP contribution

Education Career paths

Partnership Social infrastructure

A global investor delivering financial Governance with long-term focus, and socioeconomic Global strengthening returns to the emirate, integration Abu Dhabi’s position its partners and across diverse sectors… its people. Innovation

New economic sectors Agile investment

Private sector and Active asset management downstream opportunities

Mubadala Development Company // 2015 4 Financial Performance

Our reputation is based on solid performance and transparency. We have one of the highest credit ratings in the region and have published IFRS audited and consolidated financials since 2006

Credit Ratings: Short-term Credit Ratings: Long-term Transparency

Moody’s Prime-1 Moody’s Aa2 Linaburg-Maduell Transparency Index

Standard & Poor’s A-1+ Standard & Poor’s AA

Fitch F1+ Fitch AA 10/10

Financial Highlights – Full Year 2014

Total Revenues (AED) Total Assets (AED) Total Equity (AED)

32.7 bn 243.6 bn 175.7 bn

US $8.87 bn US $66.3 bn US $47.8 bn

175.7 bn

32.7 bn

243.6 bn

157.5 bn

31.1 bn

30.8 bn

223.8 bn

27.5 bn

135.5 bn

202.0 bn

177.1 bn

106.4 bn

15.8 bn

102.1 bn

62.1 bn

2010 2011 2012 2013 2014 2010 2011 2012 2013 2014 2010 2011 2012 2013 2014

Mubadala Development Company // 2015 5 Global Footprint

Active in Operations in Headquartered in Abu Dhabi 11 20+ sectors countries

Aerospace & Technology Engineering & Industry Services Aerospace Information & Defense Metals & Semiconductors Utilities Communications Services Mining Technology

Energy Emerging Sectors

Oil & Gas Renewables Healthcare Real Estate & Capital Infrastructure

Mubadala Development Company // 2015 6 Aerospace

We are creating a cutting-edge, internationally integrated aerospace hub in Abu Dhabi, and developing a highly skilled local workforce

Our focus is on partnering with leading original equipment manufacturers (OEMs) to build world-class manufacturing and services businesses

B787 $1b Strata is now supplying Sanad’s asset portfolio Boeing composite parts on at year-end 2014 the B787 aircraft 200+ 5km2 Aircraft sold worldwide, to Dedicated as an date, by Piaggio aerospace freezone within Aerospace the multi-faceted Nibras industrial development in Portfolio Highlights Al Ain Nibras Al Ain Aerospace Park | Piaggio Aerospace | Sanad Aero Solutions | SR Technics | Strata Manufacturing | Turbine Services & Services Engineering & Aerospace Solutions | Turbine Services & Solutions Aerospace

Mubadala Development Company // 2015 7 Information & Communications Technology

We are playing a key role in bringing high- tech ICT services, capabilities and job opportunities to the UAE

Our focus is on positioning Abu Dhabi and the UAE as a regional ICT hub with the infrastructure and operations to meet rising demand for data capacity

22m+ 18MW Subscribers with Etisalat Total IT power at Khazna Nigeria at HY 2015 – data facilities a 15%+ market share 40k 140+

UAE end users served by Countries connected by Injazat, our information Yahsat’s two technology services communications satellites, company Y1A & Y1B Portfolio Highlights

du | Etisalat Nigeria | Injazat Data Systems | Khazna Data Centers | Services Engineering & Aerospace Al Yah Satellite Communications Company (Yahsat)

Mubadala Development Company // 2015 8 Defense Services

In partnership with Tawazun Holding, we are a shareholder in Emirates Defence Industries Company (EDIC), an integrated national defense services and manufacturing platform launched in 2014

EDIC brings together the combined capabilities of the UAE’s defense industries to enhance value for clients, shareholders and partners

16 AED3 b Number of companies in Abu Dhabi Ship Building’s the EDIC portfolio when build and refit project the integration process is portfolio complete

Portfolio Highlights Services Engineering & Aerospace Abu Dhabi Ship Building (ADSB) | Emirates Defence Industries Company (EDIC)

Mubadala Development Company // 2015 9 Oil & Gas

Mubadala Petroleum is building on the UAE’s traditional strengths to develop a world-class, international exploration and production business

Mubadala Petroleum explores for, develops and produces oil and gas that will contribute to meeting global demand while working to ensure the security and diversity of the UAE’s domestic gas supply

398k 600+ Average barrels of oil Employees around the equivalent (working globe interest production) per

day during 2014

3 0 Energy Mubadala Petroleum has Spills of more had a presence in than 1 barrel Thailand since 2004, bringing its third operated Portfolio Highlights field, Nong Yao, into production in 2015 Dolphin Energy | Emirates LNG | Jasmine, Manora, Nong Yao and Ruby Fields | Malaysia gas discoveries

Mubadala Development Company // 2015 10 Renewable Energy

Through Masdar, our commercially driven renewable energy company, we are advancing the development, commercialization and deployment of renewable energy solutions and clean technologies

Masdar has nearly 1.5 GW of clean power contributing to the grid or under development worldwide

630MW 20k Capacity of London Array Shams 1 concentrated offshore wind farm, the solar power plant in Abu world’s largest Dhabi produces enough

power for 20,000 homes

32k 14 Energy Number of attendees at Clean energy initiatives Masdar’s global forum, delivered by Masdar Abu Dhabi Sustainability Special Projects Week, in 2014 – including Portfolio Highlights eight heads of state London Array | Masdar City | Masdar Institute of Science and Technology | Shams 1 | Torresol Energy

Mubadala Development Company // 2015 11 Metals & Mining

We are positioning the UAE in fast-growing resource markets by developing a globally diversified set of metals and mining businesses

Through Emirates Global Aluminium (EGA), jointly owned by Investment Corporation of Dubai, we are also supporting continued growth in domestic downstream manufacturing and the creation of high- skilled jobs

75+ 2.4 m EGA bridges the UAE to Combined production

over 75 nations worldwide capacity of EGA (tons/year) Industry 13m 50%

In September 2014, GAC Mubadala’s share in & Technology achieved 13 million man- MATSA, Trafigura’s hours without a Lost Time flagship mining operation Portfolio Highlights Injury in Spain Emirates Global Aluminium (EGA) – incorporating Emirates Aluminium (EMAL), Dubai Aluminium (DUBAL), Guinea Alumina Corporation, and Suyadi | Minesa | Minas de Aguas Teñidas (MATSA)

Mubadala Development Company // 2015 12 Semiconductors

We are putting Abu Dhabi at the leading edge of the global semiconductor industry and establishing a core pillar of the emirate’s economic diversification through the growth of GLOBALFOUNDRIES

GLOBALFOUNDRIES is the world’s second- largest foundry with operations in Singapore, Germany and the US

14 nm 250+ GLOBALFOUNDRIES Global customers, offers the most advanced including 14 of the top 20

14 nanometer technology chip companies

25k 10 Industry Number of patents and GLOBALFOUNDRIES applications held by operates 10 fabs around the GLOBALFOUNDRIES, world: three in the US, six in including 16k gained Singapore and one in & Technology through the acquisition of Germany IBM’s Microelectronics Portfolio Highlights business AMD | GLOBALFOUNDRIES

Mubadala Development Company // 2015 13 Utilities

We are helping meet requirements for sustainable, energy efficient and innovative district cooling, power generation and water desalination by establishing and managing a network of utilities businesses in the UAE and broader region

69 2.6GW

District cooling plants Gross power capacity owned and/or operated by owned by Mubadala

Tabreed in the GCC utilities companies

Industry Technology & & Technology

Portfolio Highlights Tabreed | Shariket Kahraba Hadjret En Nous (SKH) | SMN Holding (Barka 2 and Al Rusail)

Mubadala Development Company // 2015 14 Real Estate and Infrastructure

We are an investor, a developer and an asset manager focusing on real estate and infrastructure opportunities in the UAE and globally

2 50 2.3 m ft Abu Dhabi Global Market Size of super-regional Square is at the heart of Al shopping center, Al

Maryah Island and home Maryah Central, upon

to 50 blue-chip companies completion

30 k 100%

Mubadala Development Company // 2015 15 Healthcare

We are supporting the development of a world-class, commercially sustainable private healthcare sector in the UAE

Through partnerships with international medical institutions, our network of specialized facilities is enhancing regional healthcare capacity, addressing the UAE’s most pressing healthcare needs, and reducing the need for patients to travel overseas for complex care 7 k 1.2m Surgical procedures Patients with access to performed at Healthpoint Abu Dhabi Telemedicine

as of year-end 2014 Centre’s consultation

service

60 + 300 k

Medical and surgical People treated at the Emerging Sectors Emerging specializations offered by UAE’s two Imperial Mubadala’s seven College London Diabetes healthcare facilities Centre facilities since 2006 Portfolio Highlights Abu Dhabi Telemedicine Centre | Capital Health Screening Centre | Cleveland Clinic Abu Dhabi | Imperial College London Diabetes Centre | Healthpoint | National Reference Laboratory | Tawam Molecular Imaging Centre

Mubadala Development Company // 2015 16 Capital Investments

Mubadala Capital actively deploys capital in sectors, geographies and investment vehicles with long-term value potential • Long-term focus and a bias towards capital preservation • Investing throughout the capital structure in a diversified portfolio of public and private securities in the UAE and globally

Public Equities Private Equity

UAE and non-UAE public Direct positions in non- financial investments and public companies in the positions UAE and globally

Public long/short equity Private equity fund

fund managed in-house managed in-house

Funds & Investment Sovereign Investment Partnerships Partnerships

Mubadala Development Company // 2015 17

Nibras Al Ain Aerospace Park

Mubadala Development Company PJSC 2014 19 “We must not rely on oil alone as the main source of our national income. We have to diversify the sources of our revenue and construct economic projects that will ensure a free, stable, and dignified life for the people of this country.” Sheikh Zayed bin Sultan Al Nahyan, 1918 – 2004 Founder of the UAE

Initiated Nibras - Al Ain Aerospace Park - is a joint initiative between

Mubadala and Abu Dhabi Airports, that was initiated in 2012. 2012

Driving the development of a Aerospace dedicated Aerospace hub in Abu Dhabi and a global benchmark for the industry.

Joint Initiative

A 5 square kilometers have been dedicated for Aerospace activities, including 5 km² Manufacturing, Pilot Training and Maintenance, Repair and Overhaul.

Al Ain Strategically located in the city of Al Ain, focusing investments and efforts in one geographical location.

Mubadala Development Company PJSC 2014 21 Location

Nibras is located in Al Ain city around 150 km from both Abu Dhabi and Dubai

Why Al Ain ?

− Its 2030 plan envisions a technological industry zone and a highly skilled workforce.

− Strategic proximity to 3 major Seaports : Taweela + Jebel Ali + Sohar

− Strategic proximity to 4 major Airports : Al Ain + Abu Dhabi + Dubai + Al Maktoum

− It’s International Airport has one of the longest runways in the UAE.

Mubadala Development Company PJSC 2014 22 Development Envisioned Development

Sustainable Scope Development

Timeline Budget Social Development

Environment Protection

8 million mᶟ 9 km 1 sqkm Total Earthworks Total Roads Total Area Levelled

406 138 more than 20 Peak number of Peak number of Workers during Equipment during Industrial Plots Phase1 construction Phase1 construction

Mubadala Development Company PJSC 2014 25 Nibras 2014

Mubadala Development Company PJSC 2014 26 Development Nibras 2015

HSSE Records

Project Man-Hours 209,602

Project Man-Hours without 209,602 LTI

LTI’s 0

Workers Accommodation (Dorms) Recreation Facility

Mubadala Development Company PJSC 2014 28