Introduction• CoreCivic

• Damon Hininger, President & Chief Executive Officer• Lucibeth Mayberry, Executive VP, Real Estate• Kelly Durham, Managing Director, State Partnership

Relations• Alex Sherling, Managing Director, Finance

• JE Dunn Construction• Paul Neidlein, President• Rob Cleavinger, Senior VP• Vance McMillan, Project Executive• Margaret Golden Bowker, Senior VP

Who We Are• Established in 1983• Diversified government solutions company with the scale and experience

needed to solve government challenges in cost-effective ways• Broad range of solutions to government partners through 3 offerings:

o CoreCivic Safety – a national leader in high quality corrections and detention managemento CoreCivic Community – a growing network of residential re-entry centers to help address

America's recidivism crisiso CoreCivic Properties – offering a wide range of innovative, cost-effective government real estate

solutions

National Portfolio with Geographic DiversityOur owned real estate portfolio spans 83 buildings in more than half the states. 80 of these are correctional assets containing more than 75,000 beds (34 RRCs and 46 prisons) and 3 GSA leases.

Proven ExpertiseCoreCivic, JE Dunn Construction and DLR Group have completed 20+ correctional projects together, nationwide. This proven experience allows our team to offer the best project value and quality to the State.

18M+ SF of real estate maintained in its portfolio including 80 correctional

assets.

$2B of Justice Construction

100 corrections projects in the past 10 years alone.

States Benefiting from CoreCivic Leased Prisons and Full-risk Maintenance Services

State of California• Began leasing 2,300-bed California City Correctional Facility in

2013 to address court mandates related to overcrowding.

• Enhanced the facility with additional medical and administrative space as well as camera upgrades far quicker than the State's typical procurement process.

• A planned replacement of 34 roof top HVAC units only took one day using a helicopter compared to the traditional installation using a crane that would require at least seven days and major disruption to facility operations.

• .

State of Oklahoma• Began leasing 2,400 bed North Fork Correctional Facility in 2016

to address prison overcrowding and to consolidate older, inefficient facilities into a modern correctional facility.

• CoreCivic assumes all responsibility for repairs and maintenance for the facility, creating budget certainty for the Department.

• On May 16th, the facility suffered significant hail damage. CoreCivic immediately mobilized a team and repairs were completed at CoreCivic's expense.

CoreCivic Proposal to the State• Provides an Efficient New Facility in 24 Months:

• 1,920-bed celled unit • 512-bed minimum security unit• Support space, recreation, parking and capacity for expansion• Lease payment is fixed - all risk for schedule delay and construction cost increases lies with CoreCivic

• Offers Immediate Access to Competitive Private Placement Financing: • State to benefit from its strong financial profile to achieve a favorable rate • Faster delivery schedule and lower project cost available through private sector construction model

offers the State a lease rate that is favorable when compared to other financing and delivery models

• Transfers Facility Maintenance Risk from State: • 20-year lease with full risk maintenance and cap ex • Reverts to the State at the end of 20 years at no additional cost.

Our Proposal Offers Best Value to the StateAccelerates the overall

delivery schedule. Mitigates recent market escalation by capitalizing on secured pricing from key local and specialty

trade partners.

Competitive private financing rates allow the State to benefit from its

strong credit rating without impacting bonding capacity.

Transfers risk of preventative and

catastrophic maintenance for the life of the lease.

Defers the State's capital outlay until the Facility is

ready for use.

Experienced team offers a 24 month vs the State's estimated 36 month schedule using best practices, processes, and procedures that the private sector utilizes.

Team's combined experience and scale ensures the most cost effective project for the State. Disciplined and thorough design process foresees potential issues limiting change orders and delays, which are the main reasons government projects typically cost more than private sector projects.

CoreCivic has spent the past two years securing private placement financing (similar to the financing utilized by private developers building and leasing assets to the federal government – like federal courthouses). Offers competitive rates that give the State credit for its strong credit rating - in the same way as a bond.

CoreCivic maintains more than 18 million square feet of assets – more than 16.5 million square feet is correctional. As the correctional industry's leader in maintenance and capital expenditures, CoreCivic bears the risk of preventative and catastrophic maintenance for the life of the lease. Strict lease terms, with maintenance provisions, ensure the State has a well-maintained, long-life asset at the end of the lease –55 years of useful life at the endof term.

The lease payments do not start until the day the facility is ready to accept inmates. Lease rate is locked in upon signing lease thus shifting all risk for cost increases to CoreCivic. This helps to ensure the budget neutral position for the State.

Why Team with CoreCivic?

TRUSTED PARTNER

• Corrections design and construction experts in house• Proven product: design, construction, operations,

maintenance• Financial stability• Decades of successfully completing complex projects with

aggressive schedules• Access to best-in-class Real Estate Services (team of experts)• Ability to make decisions• Local market knowledge and resources

EXPERT IN THE FIELD

• 30+ years of experience as a developer who finances and maintains correctional projects.

• Deep understanding of correctional practices and industry best practices

• Projects ranged from expansion and renovations to full siting and construction.

• 40+ similar design-build contracts for federal, state and county level authorities in the justice sector.

Kansas-Based Team

• JE Dunn has a 20 year track record with CoreCivic and our team members

• JE Dunn has a strong presence in Kansas• 500 Kansas Employees• National Logistics Center that Services the

Entire Country

• Strong Kansas-based design and construction team

• Over 350,000 Kansas labor hours

• DLR Group, Architecture & Engineering, Overland Park

• TreanorHL, Architecture & Civil Engineering, Topeka

• Faith Technologies, Electrical, Lenexa• MMC Contractors, Mechanical, Overland

Park• Butler Manufacturing + Midland Steel, Pre-

engineered Metal Building, Kansas City• Oldcastle Precast, Precast Modules, Topeka• Stress Cast Roofing, Assaria• Enterprise Precast, Overland Park

Current Construction Market• Busy labor market

• Price escalation is 6% annually

• We have the current commitment of correctional facility providers like cell modules, detention hardware, and security systems

• 800 – 900 skilled tradesmen and women

KANSAS CITY CONSTRUCTION OUTLOOK

KCI Terminal $1B Cerner Innovations Campus $225M KC Convention Center Hotel $210M Garmin Headquarters $200M KCK School District Bond $175M Johnson County Courthouse $144M Other K-12 Projects $110M Children’s Mercy Patient Tower $100MNKC School District Bond $100M46 Penn Office Building $93M 2nd & Delaware Residential $80M Confidential Office Building $60MSpring Hill SD Bond $50MShawnee Mission SD Bond $50MLawrence Memorial Hospital $40MKCU Innovation Building $25M

Benefits of Lansing Site• Qualified immediate-area construction labor to keep the project on schedule

• Utilizes existing infrastructure like utilities, roads, perimeter security fence

• Utilizes 144,600 SF of campus support space: Industries Building, Admin Building, CUP, etc. (valued at $68.3M)

• Financial risk of switching sites:• Project is on an existing State property – no need to purchase a new site, this would take time and money• The time it would take to procure a different site would cost the project around 12% in escalation• Trucking premiums for modules• Electrical system premiums for new generator

The Right Project at the Right Time• Cost neutral solution relies on competitive private placement rates and the

lower project cost of the private sector delivery model• Fast and efficient solution to meet KDOC population needs• Efficient design offers current best practices for corrections operations• Improved environment and safety for staff and inmates• Aggressive construction schedule• Maintained by CoreCivic with strong oversight and requirements in the

lease• Transfers cost risk from State to CoreCivic• Asset reverts to the State in 20 years with no additional payment and a 55

year remaining life

Closing

1,920-Bed Facility 512-Bed Facility