Brookfield Business Corporation Class A · TSX:BBUC
Brookfield Business Corporation Class A — Investor Presentation (May 2026)
32 slides from Brookfield Business Corporation Class A's investor presentation, May 2026
Slide 1: Brookfield Business Corporation Investor Presentation
Brookfield Business Corporation Investor Presentation May 2026
Slide 2: Brookfield Business Corporation
Brookfield Business Corporation Flagship listed vehicle of Brookfield’s private equity group, focused on continuing a long- term track record of compounding strong returns for investors Investing alongside Brookfield’s private equity strategies, executing a consistent playbook developed and refined
Slide 3: Engine for compounding value
Engine for compounding value Acquire good businesses, execute our operational plans to improve performance and recycle capital to continue compounding long-term growth 1 2 3 4 Access to Brookfield’s Invest for value in Utilize in-house Recycle capital to highest returning market-leading operational
Slide 4: Large-scale global operations
Large-scale global operations Integrated team of investment and operating professionals $77B 25+ years ~150 ~57,000 Assets1 Investing Experience Investment Professionals1 Operating Employees1 Europe & Middle North East America $18B Key Sectors $38B Assets Assets Industrials South Business Services A
Slide 5: Focused on transforming vital businesses
Focused on transforming vital businesses Inherently strong compounders of value Market Mission Strong Substantial Durable cash leaders critical margins competitive flows advantages BROOKFIELD.COM 5
Slide 6: Acquiring for value
Acquiring for value Invested ~$10 billion since inception Cumulative Invested Capital1 $10B ~10x Average EBITDA multiple (TTM) at acquisition 2 $1B 2017 2021 Today Refer to endnotes at the end of this presentation. BROOKFIELD.COM 6
Slide 7: Leveraging Brookfield's value creation Playbook
Leveraging Brookfield’s value creation Playbook Repeatable and proven approach to operational value creation Value Investor Operational Improvement • Complexity • Organizational design • Contrarian • Commercial execution • Market dislocation • Strategic positioning • Out of favor • Digitalization BR
Slide 8: Driving meaningful long-term growth in value
Driving meaningful long-term growth in value Net asset value per share has doubled in five years Net Asset Value Per Share1,2 $54 2x $28 2020 2025 Refer to endnotes at the end of this presentation. BROOKFIELD.COM 8
Slide 9: Continuing a strong track record of realized returns
Continuing a strong track record of realized returns Realized ~$8 billion of proceeds since inception of BBUC Cumulative Realized Proceeds1 ~$8B 100% Aggregate realized value in line with NAV2 ~$0.2B 2017 2021 Today Targeting $2 billion of proceeds over the next two years Refer to endnotes at the en
Slide 10: Recent business developments
Recent business developments Completed our previously announced corporate simplification with the newly issued Class A Shares of Brookfield Business Corporation now trading on the NYSE and TSX Clarios received its fiscal 2025 cash tax refund of approximately $1 billion tied to its U.S. production an
Slide 11: Business Operations and Financial Position
Business Operations and Financial Position
Slide 12: Diversified operations
Diversified operations Industrials and services operations generating overall annual Adjusted EBITDA of $2.4 billion1 and Adjusted EBITDA margin of ~25%2 Business Services Infrastructure Services Industrials Essential services leveraging Leading providers of services and Operationally intensive oper
Slide 13: Market-leading operations
Market-leading operations Business Services Largest private residential mortgage Leading technology and software insurer in Canada operating in an provider to North American auto dealers oligopoly Infrastructure Services One of three global providers of lottery Leading European modular space service
Slide 14: Strong financial position to support our growth initiatives
Strong financial position to support our growth initiatives $2.4B 5.9 years Pro Forma Corporate Weighted Average Maturity Liquidity of Debt Outstanding 100% 68% Non-Recourse Non-Recourse Borrowings at our Borrowings Fixed, Operations Hedged or Naturally Hedged Refer to endnotes at the end of this pr
Slide 15: Balanced capital allocation priorities
Balanced capital allocation priorities Opportunistically Reduce corporate Reinvest in our Strategically deploy repurchase shares borrowings operations capital into new acquisitions BROOKFIELD.COM 15
Slide 16: Sustainability principles
Sustainability principles Embedded throughout our operations to ensure the long-term viability of our business Supporting Decarbonization Supporting a Broad Talent Pool Our advanced energy storage Our dealer software and technology Mitigate the impact operation submitted their services operation dev
Slide 17: Appendix I: Select Transactions
Appendix I: Select Transactions BROOKFIELD.COM 17
Slide 18: Case study: Manufacturer of electric heat tracing systems
Case study: Manufacturer of electric heat tracing systems Leading provider of industrials electric heat management solutions Business Overview • Carve-out of a leading provider of essential electric heat management $1.7B $212M Purchase BBU Invested solutions globally benefiting from long-term secula
Slide 19: Case study: Digital payment processor
Case study: Digital payment processor Leading provider of technology-enabled payment solutions Business Overview ~$3B $224M • Combination of Network International with our existing payment Purchase BBU Invested processor, Magnati, created the leading payment processing business in Price Capital the
Slide 20: Case study: Nuclear technology services
Case study: Nuclear technology services Leading services provider to the global nuclear power fleet Investment Thesis $4B $405M • Essential provider of engineering, maintenance and repair services, and Purchase BBU Invested highly engineered fuel with a large installed base and long-term Price Capit
Slide 21: Appendix II: Select Financial Disclosures
Appendix II: Select Financial Disclosures BROOKFIELD.COM 21
Slide 22: Our operations
Our operations Economic ownership interest in our significant operations Economic Ownership Segment Description Select Operations Interest Residential Mortgage Insurer (“Sagen”) 41% Service businesses including residential mortgage insurance, dealer software and Dealer Software and Technology Servic
Slide 23: Significant acquisitions since inception
Significant acquisitions since inception Summary of significant acquisitions completed since inception in June 2016: Segment Operations Acquisition Date Invested Capital (1) Economic Ownership Interest (2) Unidas July 2019 $209 million 35% Sagen December 2019 $855 million 41% La Trobe May 2022 $212
Slide 24: Selected financial information
Selected financial information Statements of Operating Results by Segment Three Months Ended Trailing Twelve Months Ended March 31, March 31, US$ Millions, unaudited 2026 2025 2026 2025 Adjusted EBITDA by segment Business Services $ 208 $ 213 $ 818 $ 840 Infrastructure Services 90 104 422 567 Indust
Slide 25: Selected financial information
Selected financial information Corporate Liquidity As at US$ Millions, unaudited March 31, 2026 December 31, 2025 Corporate cash and marketable securities $ 67 $ 88 Committed corporate credit facilities 1,860 2,020 Committed preferred equity securities 25 25 Total liquidity $ 1,952 $ 2,133 Statement
Slide 26: Corporation Capital
Corporation Capital As at Shares Outstanding1 March 31, 2026 December 31, 2025 Class A Shares 207,007,465 208,398,125 Class B Shares 4 4 Special Shares 4 4 Total outstanding 207,007,473 208,398,133 Corporation Capital Structure2 As at US$ Millions (except price and share amount), unaudited March 31,
Slide 27: Appendix III: Structure and Governance
Appendix III: Structure and Governance BROOKFIELD.COM 27
Slide 28: Governance and corporate structure
Governance and corporate structure Strong alignment of interests Brookfield 1 • Brookfield Corporation (BN) and Brookfield Wealth Solutions (BWS) hold a ~69%1 interest in Brookfield Business Corporation ‒ Strong shareholder alignment, with an emphasis on total return through a base management fee an
Slide 29: Senior Management Team
Brookfield Business Corporation Senior Management Team Anuj Ranjan Chief Executive Officer Jaspreet Dehl Chief Financial Officer Adrian Letts Global Head of Operations Cyrus Madon Executive Chairman Investor Relations Contact Alan Fleming Managing Director, Investor Relations North America 1-866-989
Slide 30: Endnotes
Endnotes Note: Figures throughout this Investor Presentation are rounded for Page 9 Page 20 presentation purposes. 1. Cumulative realized proceeds as at March 31, 2026. Includes 1. Exit represents 2023 run-rate EBITDA. Actual results may vary recently announced transactions and expected redemption v
Slide 31: Definitions
Definitions • Adjusted EBITDA is a non-IFRS measure of operating performance presented as net income and equity accounted income at the Corporation's economic ownership interest in consolidated subsidiaries and equity accounted investments, respectively, excluding the impact of interest income (expe
Slide 32: Important Cautionary Notes
Important Cautionary Notes All amounts in this Investor Presentation are in U.S. dollars unless including unfavorable changes in interest rates, foreign exchange rates, and uncertainties, the reader should not place undue reliance on forward- otherwise specified. Unless otherwise indicated, the stat
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