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Florida East Coast Industrieshas deep roots in rail transportationdating back to the late 1800’s with American pioneer, Henry Flagler.

Credited with the development of Florida’s east coast, Mr. Flagler was the driving

force behind connecting communities from Jacksonville to Miami via the Florida East

Coast Railway System.

Integrated real estateand logist ics company

Most prol i f ic industr ia l developer in Flor ida

Portfo l io of 1.5 MSF ofClass-A industr ia l space; 2,000 acres of land wi th 24MSF of industr ia l ent i t lements

First pr ivately owned and operated interc i ty passenger rai l system in the Uni ted States

Wil l connect Miami and Orlando in just under 3 hours

4.5 MSF of transi t-or iented development, including mult imodal hub stat ions

Right-of-way management and infrastructure development business

Generates revenuefrom non-rai l uses of underut i l ized rai l and highway corr idor(e.g., f iber opt ic cable leases, cel l towers, land leases, etc.)

Owns and operatesClass-A off ice bui ld ings and business parks across Flor ida

Provides real estate services to th i rd-party owners and related party jo int ventures

Parent company to leading Florida real estate, transportation and infrastructure businesses

Leading global investment management f i rm

~$62 bi l l ion of assets under management, as of end-2013

FECI has been a port fo l io company since 2007

Signi f icant commitment to Flor ida

• First privately owned and operated express passenger rail system in the US, will create significant value from rail service and unparalleled modern transit hubs.

• +$3.5 Billion Investment in Florida’s Future

Express Passenger Rail The intercity, express passenger rail will largely use

the existing corridor connecting Miami to Orlando.

+Station Related Real Estate

Unique and centrally located real estate development in the heart of Downtown Miami,

Fort Lauderdale and West Palm Beach

All Aboard Florida Overview

ORLANDO

W EST PALM BEACH

FORT LAUDERDALE

MIAMI

Opportunity Born from Demand

Reinventing Train Travel in the U.S. Competitive

Priced comparable to car, less than flyingFlexible ticketing

Comfortable All reserved, spacious seatingFast, reliable Wi-Fi

Connected Miami – Fort Lauderdale in under 30 minutesMiami – West Palm Beach in under 1 hourMiami – Orlando in under 3 hours

ConvenientHourly departures – 16 daily round trips Multimodal connectionsHassle-free

ProductiveSpace to work or play

CONNECTINGKEY CITIES

ORLANDO

WEST PALMBEACH

FORTLAUDERDALE

MIAMI

3 HOURS

1 HOUR

30 MINUTES

departing every hour, connecting m illions of people to Florida‘s

m ajor cities.

32TRIPS PER DAY

8

ORLANDO

WEST PALM BEACH

FORT LAUDERDALE

MIAMI

Located at Orlando International Airport’s new South Terminal which will double capacity of the Airport

State of Florida committed over $205mm of funding for station, AAF will lease space (platforms, waiting/ticketing, parking, maintenance facility, etc.)

Multi-modal hub with direct links to Existing ground transit to theme parks, convention center, and downtown Orlando, SunRail commuter rail extension, Automated people mover to the North Terminal and Medical City complex, and future Metro Orlando light rail system.

Orlando Station

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ORLANDO

WEST PALM BEACH

FORT LAUDERDALE

MIAMI

3.3 acres of new transit and retail development

340,000 Sq. Ft. residential development with 15,000 Sq. Ft. of retail space adjacent to the station

Connectivity to Tri-Rail and Palm Tran Trolley System

Proximate to City Place, major entertainment and retail centers, performing arts center, CBD and Palm Beach County Convention Center

Downtown West Palm Beach Station

Location MapWEST PALM BEACH STATION

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ORLANDO

WEST PALM BEACH

FORT LAUDERDALE

MIAMI

6.6 acres of new transit and retail development

345,000 Sq. Ft. residential development with 15,000 Sq. Ft. of retail space adjacent to the station.

Direct connect to future Wave Streetcar system and Broward County Bus Terminal

Proximate to Las Olas Riverfront, museum and historic districts, government and business centers and the Performing Arts Center

Downtown Fort Lauderdale Station

Location MapFORT LAUDERDALE STATION

W ELCO M E TO LIFE M O RE CO NNECTED

11 Acres of New Developm ent in Downtown M iam i

Multiple Day-Parts

O ffices

Residences

Shops, Market, Restaurants

Transportation Hub Connecting:Mass/Public Transit

per year through M iam iCentralvia

M etrorail, M etrom over, Tri-Rail and All Aboard

Florida

12MILLIO N

PRO JEC TED C O M M UTERS

M ETRO RAIL 4 M ILLIO N

M ETRO M O VER2.6 M ILLIO N

TRI-RAIL1.9 M ILLIO N

A A F RA IL TO O RLA NDO

M ETRO RA IL TO A IRPO RT A ND DA DELA ND

M ETRO M O VER DO W NTO W N RO UTE

FUTURE TRI-RA IL TO W EST PA LM BEA CH

N

95

395

TRANSPO RTATIO N HUBTRANSPO RTATIO N HUB

TRANSPO RTATIO N

TO M IA M IDESIG N DISTRICT

TO KEY BISCA YNE

TO M IA M I INTERNA TIO NA L A IRPO RT

TO M IA M I BEA CH

NEIG HBO RHO O D

BRICKELL

W YNW O O D

DESIG N DISTRICT

BISCA YNE BA Y

BISCA YNE BA Y

W A TSO NISLA ND

O VERTO W N

CENTRA L BUSINESS DISTRICT & DO W NTO W N

A A F RA IL TO O RLA NDO

M ETRO RA IL TO A IRPO RT A ND DA DELA ND

M ETRO M O VER DO W NTO W N RO UTE

FUTURE TRI-RA IL TO W EST PA LM BEA CH

N

EDG EW A TER

Over 25,000 Residential Units Built Since 20038,500 Residential Units Currently Under Construction

18.6 Million Ft2 of Office Space 348,500 Ft2 of Office Space Currently Under Construction

Adrienne Arsht Center hosts 400 performances and events each year which attract 450,000 people

American Airlines Arena sports and entertainment venue brings 3 million visitors per year

Bayfront Park attracts 500,000 annual visitors

MIAMI’S URBAN CORE

Street View

Main Entrance

Looking North

Main Concourse Entrance

RETAIL SPACE

Platform Cross Section View

O FFICE SPACE

Northeast Street ViewTWO MIAMI CENTRAL

190,000 RSF Class A Office Space

Plaza Level and Conference Center

300 car innovative, robotic valet parking garage

High speed IT infrastructure with direct connection to NAP

Creativity. Connectivity to Talent. Sustainability.

NO RTH EAST

PLAZA LEVEL

90,000 RSF Class A Office Space

Located at the corner of NW 2nd Ave and NW 6th St in the heart of Downtown Miami

Adjacent to MiamiCentral Station

Suburban efficiency in an urban location.

South Stations Open for Business

Project Timeline

Construction on South Stations

2015 2016 2017 2018

First Train Leaves MIA – FTL – WPB

Service

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

Train Manufacturing

Orlando StationOpens

Miami – Orlando Service

Trains Arrive