DigitalBridge : DBRG Investor Day Presentation 2024

INVESTOR DAY 2024 PRESENTATION

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CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This presentation may contain forward-looking statements within the meaning of the federal securities laws, including statements relating to (i) our strategy, outlook and growth prospects, (ii) our operational and financial targets and (iii) general economic trends and trends in our industry and markets. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "estimates," "predicts," or "potential" or the negative of these words and phrases or similar words or phrases which are predictions of or indicate future events or trends and which do not relate solely to historical matters. You can also identify forward-looking statements by discussions of strategy, plans or intentions.

Forward-looking statements involve known and unknown risks, uncertainties, assumptions and contingencies, many of which are beyond the Company's control, and may cause the Company's actual results to differ significantly from those expressed in any forward-looking statement. Factors that might cause such a difference include, without limitation, difficult market and political conditions, including those resulting from supply chain difficulties, inflation, higher interest rates, a general economic slowdown or a recession; our ability to raise capital from investors for our Company, our funds and the companies that we manage; the performance of our funds and investments relative to our expectations and the highly variable nature of our revenues, earnings and cash flow; our exposure to risks inherent in the ownership and operation of infrastructure and digital infrastructure assets, including our reliance on third-party suppliers to provide power, network connectivity and certain other services to our managed companies; our exposure to business risks in Europe, Asia, Latin America and other foreign markets; our ability to increase assets under management and expand our existing and new investment strategies while maintaining consistent standards and controls; our ability to appropriately manage conflicts of interest; our ability to expand into new investment strategies, geographic markets and businesses, including through acquisitions in the infrastructure and investment management industries; the impact of climate change and regulatory efforts associated with environmental, social and governance matters; our ability to maintain effective information and cybersecurity policies, procedures and capabilities and the impact of any cybersecurity incident affecting our systems or network or the system and network of any of our managed companies or service providers; the ability of our portfolio companies to attract and retain key customers and to provide reliable services without disruption; any litigation and contractual claims against us and our affiliates, including potential settlement and litigation of such claims; our ability to obtain and maintain financing arrangements, including securitizations, on favorable or comparable terms or at all; the general volatility of the securities markets in which we participate; the market value of our assets and effects of hedging instruments on our assets; the impact of legislative, regulatory and competitive changes, including those related to privacy and data protection and new Securities and Exchange Commission ("SEC") rules governing investment advisers; whether we will be able to utilize existing tax attributes to offset taxable income to the extent contemplated; our ability to maintain our exemption from registration as an investment company under the Investment Company Act of 1940, as amended; changes in our board of directors or management team, and availability of qualified personnel; our ability to make or maintain distributions to our stockholders; our understanding of and ability to successfully navigate the competitive landscape in which we and our managed companies operate; and other risks and uncertainties, including those detailed in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2023 under the heading "Risk Factors," as such factors may be updated from time to time in the Company's subsequent periodic filings with the U.S. Securities and Exchange Commission ("SEC"). All forward-looking statements reflect the Company's good faith beliefs, assumptions and expectations, but they are not guarantees of future performance. Additional information about these and other factors can be found in the Company's reports filed from time to time with the SEC.

The Company cautions investors not to unduly rely on any forward-looking statements. The forward-looking statements speak only as of the date of this presentation. The Company is under no duty to update any of these forward-looking statements after the date of this presentation, nor to conform prior statements to actual results or revised expectations, and the Company does not intend to do so.

This presentation is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company or any investment vehicle managed or advised thereby. This information is not intended to be indicative of future results. Actual performance of the Company may vary materially.

The appendices herein contain important information that is material to an understanding of this presentation, including information regarding certain non-GAAP financial measures, and you should read this presentation only with and in context of the appendices.

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AGENDA

SECTION	INTRODUCTION
DBRG Profile, Roadmap - Fundraise, Invest, Scale DBRG
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SECTION	INVESTMENT MANAGEMENT | Fundraise
2	Private Markets Overview, Key LP Thematics, Pipeline, IR Org
	Panel Discussion -
	Moderator: Ben Jenkins
SECTION 3	Panelists: Leslie Wolff Golden, Chris Falzon, Dean Criares
Digital Infra Demand, DBRG Difference, AI
	DIGITAL INFRASTRUCTURE | Invest

Panel Discussions -

1. DBRG Difference Moderator: Liam Stewart
   Panelists: Alex Gellman, Geneviève Maltais-Boisvert, Tom Yanagi
2. AI / Data Centers Moderator: Severin White Panelists: Jon Mauck, Alex Hernandez,
   Christian Belady

SECTION	4	FINANCIALS | Scale DBRG
	Historicals, Simple Algorithm, 5yr Outlook, Scaling Team
SECTION	5	GLOBAL PERSPECTIVES
	State of the Market, Buy/Build Dynamic, Areas of
		Interest/Focus
		Panel Discussion -
		Moderator(s): Marc C. Ganzi & Ben Jenkins
		Panelists: Justin Chang (APAC), Matt Evans (EMEA),
		Bernardo Vargas Gibsone (LatAm)
SECTION6 CLOSING REMARKS

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1 I N T R O D U C T I O N

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DigitalBridge is a leading

global alternative asset manager dedicated

to investing in digital infrastructure

As an Infrastructure Partner to the Digital Economy, we manage capital

on behalf of institutional investors across five key verticals: data

centers, cell towers, fiber networks, small cells, and edge infrastructure.

I N T R O D U C T I O N

A LEADING GLOBAL DIGITAL INFRASTRUCTURE ASSET MANAGER

$80B	$33B	100+	25+
Portfolio AUM 1	Fee Earning Assets	Digital Infrastructure	Years of
	Under Management2	Professionals3	Experience

(1) AUM as of March 31, 2024: AUM represents the total capital for which we provide investment management services and is generally composed of (a) third-party capital managed by the Company and its affiliates, including capital that is not yet fee earning, or not subject to fees and/or carried interest; and (b) assets invested using the Company's own balance sheet capital and managed on behalf of the Company's stockholders (composed of the Company's fund investments as GP affiliate, warehoused investments, and, the Company's interest in portfolio companies previously in the Operating segment). Third-party AUM is based upon invested capital as of the reporting date, including capital funded through third-party financing, and committed capital for funds in their commitment stage. Balance sheet AUM is based upon the carrying value of the Company's balance sheet investments as of the reporting date.

(2) FEEUM as of March 31, 2024.

(3) Digital Infrastructure Professionals as of March 31, 2024.

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I N T R O D U C T I O N

OPERATING ON A GLOBAL SCALE ACROSS THE ECOSYSTEM

40+

Portfolio Companies1

Data Centers

Edge	Hyper-
Converged
Infrastructure	Digital	Cell Towers
Infrastructure
Small Cells	Fiber Networks

INVESTING ACROSS THE DIGITAL ECOSYSTEM

(1) Consists of DBRG managed Companies in the infrastructure sector as of March 31, 2024. Not all logos are shown; includes InfraBridge and Ventures.

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I N T R O D U C T I O N

WHAT IS DIGITAL INFRASTRUCTURE?

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I N T R O D U C T I O N

WHY DIGITAL INFRASTRUCTURE?

DALL·E

3 Sora

Attractive sector characteristics position Digital Infrastructure as a growing asset class benefiting from secular tailwinds

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I N T R O D U C T I O N

PROMISES MADE

FROM	SIMPLIFY	BECOME PURE
DIVERSIFIED		PLAY ASSET
TO DIGITAL		MANAGER

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