Investor Presentation

July

2016

Cheung Kong Infrastructure Holdings Limited

1

Disclaimer

Potential investors and shareholders of the Companies (the “Potential Investors and Shareholders”) are reminded that the Presentation comprises extracts of recent operational data and financial information of the Group which have not been reviewed or audited by the Companies’ auditors.

Potential Investors and Shareholders should exercise caution when investing in or dealing in the securities of the Companies.

2

Dividends Per Share

(HK$)

Earnings Per Share

(HK$)

0

1

2

3

4

5

6

00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16

Full year EPS Interim EPS

0

0.2

0.4

0.6

0.8

1

1.2

1.4

1.6

1.8

2

2.2

00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16

Interim DPS Final DPS

CKI’s Earnings & Dividends Per Share (since 2000)

NB: FY14 exclude one off disposal gains arising from HKE/HEC spin-off and privatization of Envestra

3

CKI - 2016 Interim Results Overview

Profit contribution from: (HK$ million) 1H2016 1H2015 1H16 vs 1H15

Investment in Power Assets 1,351 1,258 +7.4%

United Kingdom portfolio

Australia portfolio

Mainland China portfolio

Canada portfolio

New Zealand portfolio

Continental Europe portfolio

3,187

1,436

157

80

78

194

3,181

549

202

66

85

73

+0.2%

+161.6%

-22.3%

+21.2%

-8.2%

+165.8%

Infrastructure Materials 149 202 -26.2%

Total profit contribution 6,632 5,616 +18.1%

Profit attributable to shareholders 5,511 5,253 +4.9%

EPS (HK$/share) 2.19 2.10 +4.3%

Interim DPS (HK$/share) 0.630 0.600 +5.0%

4

Currency Impact Analysis - International Businesses

Note: *1 UK Rails was acquired in April 2015 *2 Exclude disposal gain on Spark Infrastructure *3 Portugal Renewable Energy was acquired in November 2015

in HK$ (million) in local currency (million)

1H2016 1H2015 16 vs 15 1H2016 1H2015 16 vs 15

UK*1 3,187 3,181 0% 286 269 7%

Australia*2 655 549 19% 115 90 27%

Canada 80 66 21% 14 11 31%

New Zealand 78 85 8% 15 15 0%

Continental Europe*3 194 73 166% 23 8 168%

5

CKI’s Profit Contribution by Business Segment

UK 55%

Australia 11%

PAH 23%

New Zealand 1%

Canada 1%

Continental Europe

3% Materials

3%

China 3%

1H2016

The above financial information excluded the one-off disposal gain arising from Spark Infrastructure (2016) and disposal loss arising from HKEI disposal (2015)

1H2015

UK 55%

Australia 9%

PAH 25%

New Zealand 1%

Canada 1%

Continental Europe

1% Materials

4%

China 4%

6

The Impact of Brexit

The UK businesses are stable and predictable in nature (either under the regulatory regimes or protected by long term contracts)

Depreciation of sterling may lead to higher inflation in the future which may be positive for revenues of the regulated businesses

The Group has always abided by the “matching principle” for international businesses

Borrowings for operating companies are in their local currency effectively

Cross-currency exposure in relation to the equity contribution by CKI is hedged (via equity loans or derivatives) at the time of acquisition

The benefit of this protection, though not reflected in the Consolidated Income Statement, has its value embedded in the reserve and would be fully revealed only when the equity investments are monetised

7

CKI - Solid Financial Position

Issuance of the US$1.2 billion 5.875% fixed rate Perpetual Capital Securities was completed on March 1, 2016. (The Group also redeemed the US$1.0 billion 6.625% fixed rate Perpetual Capital Securities issued in 2010)

OVPH Limited (the Issuer) subscribed approximately 131 million new CKI shares at HK$71.1302/share

Jun 30, 2016 Dec 31, 2015

Cash on hand (HK$ million) 11,258 7,897

Debts (HK$ million) 17,605 17,177

Total equity (HK$ million) 109,101 110,559

Net debt to net total capital ratio 5% 8%

S&P credit rating A-/Stable (since listing)

8

CKI Gearing Ratio (Since 2000)

27%

15%

17%

15%

12%

3%

4%

Net cash

3%

Net cash

5%

13%

5%

8%

10%

8%

5%

0%

5%

10%

15%

20%

25%

30%

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Jun 302016

Net Debt / Net Total Capital

9

New Project – Husky Midstream Assets

1,900km oil pipelines and terminals strategically connecting Lloydminster and Hardisty hub

CKI, PAH and Husky own 16.25%, 48.75% and 35% interests in HMLP respectively

CKI and PAH equity approx. C$289 million and C$866 million respectively

Completion: July 15, 2016

20 years “take-or-pay” contract agreed with Husky which will contribute to the majority revenue stream of these assets

The interests of PAH and CKI will be contractually protected by a priority distribution mechanism