Robust Demand for Vital Electricity Infrastructure

The infrastructure necessary to transport and deliver electricity is vital to the continued economic advancement of the U.S. At the national level, the transmission investment cycle is robust and expected to remain so. The Edison Electric Institute (EEI) estimates that, over the next 10 years, its investor-owned utility members plan to invest over $60 billion in regulated infrastructure. InfraREIT believes we are well-positioned to capitalize on the opportunity created by the need for electric infrastructure spending in the U.S. and to execute our strategy.

Texas is expected to require regulated asset investments due to increasing electricity demand driven by its economic growth from oil and gas development and the resulting population growth. Additional factors driving regulated asset investments in Texas are aging generation infrastructure, low natural gas prices and policy objectives to take advantage of the state’s attractive wind corridors.

Arizona and New Mexico have seen significant investment in the electricity grid in response to new generation investment, particularly renewable generation, and a growing population. Regional renewable energy generation is expected to double in the next 10 years in Arizona and New Mexico to meet renewable portfolio standards, which we believe will provide transmission investment opportunities to connect new generation sources to local utility grids. Estimated population growth of approximately 25 percent in Arizona and approximately 20 percent in New Mexico between 2013 and 2025 is also expected to drive investment opportunities.

The information provided on these pages includes forward-looking statements, which are subject to known and unknown risks and uncertainties that could cause actual results to differ materially. We refer you to the discussion of risk factors that could affect future results and performance in our most recent prospectus and other SEC filings. InfraREIT, Inc. assumes no obligation to update any forward-looking statements made here as a result of new information or future events or developments.

InfraREIT, Inc. makes no claims concerning the accuracy of the information provided on these pages, and will not be held liable for any use of this information. Note: Historical and current stock price performance data is not necessarily indicative of future performance.