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 175.7 32.7 bn 32.7 243.6 bn 243.6 157.5 bn 157.5 31.1 bn 31.1 30.8 bn 30.8 223.8 bn 223.8 27.5 bn 27.5 135.5 bn 135.5 202.0 bn 202.0 177.1 bn 177.1 106.4 bn 106.4 15.8 bn 15.8 102.1 bn 102.1 62.1 bn 62.1 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