Brookfield Infrastructure Partners Lp Limited Partnership · NYSE:BIP
Brookfield Infrastructure Partners Lp Limited Partnership — Brookfield Infrastructure Partners — IPO Roadshow (September 2017)
13 slides from Brookfield Infrastructure Partners Lp Limited Partnership's IPO roadshow presentation, Sep 11, 2017
Slide 1: Important Notice Disclaimer
Important Notice Disclaimer This presentation has been prepared for informational purposes only from information supplied by Brookfield Infrastructure Partners L.P. (“BIP”, “Brookfield Infrastructure”, the “Partnership”, “we”, “us” or “our”) and from third-party sources indicated herein. Such third-
Slide 2: Important Notice (cont'd)
Important Notice (cont’d) IMPORTANT NOTE REGARDING NON-IFRS FINANCIAL MEASURES To measure performance we focus on net income as well as funds from operations (“FFO”), FFO per unit, adjusted funds from operations (“AFFO”), adjusted EBITDA and invested capital, which we refer to throughout this presen
Slide 3: Brookfield Infrastructure – Overview
Brookfield Infrastructure – Overview Generates a current yield of ~4%2 and has a strong track record of growing distributions We are one of the largest, globally diversified infrastructure owners in the world with operations in North and South America, Asia Pacific and Europe Our assets are comprise
Slide 4: BIP has been a strong performer since its inception almost a decade ago
BIP has been a strong performer since its inception almost a decade ago Track record of creating wealth for unitholders with strong annual growth Calculated as the compounded annual growth rate (CAGR) of FFO for the years 2009-2017 (annualized), inclusive. Represents compounded annualized total retu
Slide 5: 2017 has thus far been another successful year for the business
2017 has thus far been another successful year for the business Reflecting progress on executing our long-term strategy: Opportunistic investments in operating groups Executed successfully on our Brazilian strategy as we completed acquisition of Brazilian natural gas transmission asset, and steadily
Slide 6: Summary of offering and use of proceeds
Summary of offering and use of proceeds Raising $1 billion of equity (including private placement to Brookfield) Planning to replenish the company’s liquidity position to invest in the following: A growing backlog of organic growth projects1 Currently $2.4 billion Requires $0.5 billion of new capita
Slide 7: Growing Capital Backlog
Growing Capital Backlog Our capital backlog consists of projects that have been awarded to us and ones that we have committed to or have filed with regulators that we expect will be commissioned in the next 2-3 years1 Breakdown by operating group as follows: The largest projects include new connecti
Slide 8: Potential Pipeline of Growth Projects
Potential Pipeline of Growth Projects We expect to require an additional $500-800 million of new capital over the next 2-3 years to fund these projects We are also currently pursuing approximately $1.5 billion1 of additional projects Several attractive opportunities to continue building out each of
Slide 9: Robust M&A Pipeline
Robust M&A Pipeline Evaluating several investments in the telecom, transportation and energy sectors Seeking value by focusing on: Larger transactions, and Corporate carve-outs leveraging existing operating presence Communications sector in Europe and Asia providing numerous opportunities that could
Slide 10: Pro-Forma Offer
Pro-Forma Offer PARTNERSHIP CAPITAL Current units outstanding (fully exchanged basis) Newly issued units (estimate) Pro-forma total units outstanding % increase in # units outstanding 369.7 24.1 393.8 6.5% HIGH LEVEL CORPORATE LIQUIDITY SUMMARY AMOUNT 1.8 US$ BILLIONS Corporate liquidity1 at June 30
Slide 11: Appendix – Reconciliation of non-IFRS measures
Appendix – Reconciliation of non-IFRS measures
Slide 12: Reconciliation of Non-IFRS Measures to IFRS Measures
Reconciliation of Non-IFRS Measures to IFRS Measures US$ MILLIONS, UNAUDITED Three months ended June 30, 2017. Net income attributable to partnership1 $ 5 Add back or deduct the following: Depreciation and amortization 186 Deferred income taxes 5 Mark-to-market on hedging items and other 99 FFO $ 29
Slide 13: Reconciliation of Non-IFRS Measures to IFRS Measures
Reconciliation of Non-IFRS Measures to IFRS Measures + The following table reconciles net income attributable to the partnership, the most directly comparable IFRS measure, to FFO, a non-IFRS financial metric: Three months ended Net income attributable to partnership s 5 ‘Add back or deduct the foll
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