Brookfield Corporation · NYSE:BN
Brookfield — Shareholder Meeting (June 2025)
41 slides from Brookfield's shareholder meeting presentation, Jun 6, 2025
Slide 1: AGM Presentation
AGM Presentation Brookfield Corporation Friday, June 6, 2025
Slide 2: Business of the Meeting
Business of the Meeting Frank McKenna, Chair of the Board 2
Slide 3: Business of the Meeting Agenda Items
Receiving the Consolidated Financial Statements Increase in the Number of Directors Election of Directors Appointment of External Auditor Advisory Resolution on Approach to Executive Compensation Shareholder Proposal
Slide 4: Business of the Meeting Agenda Items
Receiving the Consolidated Financial Statements Increase in the Number of Directors Election of Directors Appointment of External Auditor Advisory Resolution on Approach to Executive Compensation Shareholder Proposal
Slide 5: Business of the Meeting Agenda Items
Receiving the Consolidated Financial Statements Increase in the Number of Directors Election of Directors Appointment of External Auditor Advisory Resolution on Approach to Executive Compensation Shareholder Proposal
Slide 6: Nominees for Election by the Class A Shareholders
Nominees for Election by the Class A Shareholders ELYSE JANICE MAUREEN FRANK ALLAN FUKAKUSA KEMPSTON DARKES MCKENNA 6
Slide 7: Nominees for Election by the Class A Shareholders
Nominees for Election by the Class A Shareholders HUTHAM SATISH DIANA JUSTIN OLAYAN RAI TAYLOR BEBER 7
Slide 8: Nominees for Election by the Class B Shareholders
Nominees for Election by the Class B Shareholders HOWARD RAFAEL LORD JEFFREY MARKS MIRANDA O’DONNELL BLIDNER 8
Slide 9: Nominees for Election by the Class B Shareholders
Nominees for Election by the Class B Shareholders JACK BRUCE BRIAN SAMUEL COCKWELL FLATT LAWSON POLLOCK 9
Slide 10: Business of the Meeting Agenda Items
Receiving the Consolidated Financial Statements Increase in the Number of Directors Election of Directors Appointment of External Auditor Advisory Resolution on Approach to Executive Compensation Shareholder Proposal
Slide 11: Business of the Meeting Agenda Items
Receiving the Consolidated Financial Statements Increase in the Number of Directors Election of Directors Appointment of External Auditor Advisory Resolution on Approach to Executive Compensation Shareholder Proposal
Slide 12: Business of the Meeting Agenda Items
Receiving the Consolidated Financial Statements Increase in the Number of Directors Election of Directors Appointment of External Auditor Advisory Resolution on Approach to Executive Compensation Shareholder Proposal
Slide 13: AGM Presentation
AGM Presentation Brookfield Corporation Friday, June 6, 2025
Slide 14: Shareholder Presentation
Shareholder Presentation Nick Goodman, President 14
Slide 15: BN Today, Year in Review, Looking Forward, In Summary
BN Today Year in Review Looking Forward In Summary
Slide 16: BN Today
BN Today 16
Slide 17: Brookfield Corporation Today
Brookfield Corporation Today Our perpetual capital is invested across our three core businesses—Asset Management, Wealth Solutions, and our Operating Businesses ~$170B Perpetual Capital Asset Management Wealth Solutions Operating Businesses $102B $25B $42B Leading global alternative Global wealth Po
Slide 18: BN sits at the center of global capital flows
BN sits at the center of global capital flows, uniquely positioned to capture and compound value across our core businesses Our asset management business is well-positioned around the fastest-growing sectors with long-term tailwinds Our wealth solutions business has grown to become a leading provide
Slide 19: Year in Review
Year in Review 19
Slide 20: We had an excellent last 12 months
We had an excellent last 12 months… We delivered strong operating results, achieving 36% growth and generating ~$7 billion of distributable earnings Our asset management business raised $140+ billion of capital Our Wealth Solutions business grew insurance assets to $133 billion Our Operating Busines
Slide 21: Business Highlights
Business Highlights Asset Management ‒ Raised $140+ billion of capital across flagship funds and complementary strategies ‒ Fee-bearing capital increased 20% to $549 billion ‒ Fee-related earnings grew to a record $2.6 billion, up 16% Wealth Solutions ‒ Distributable earnings grew 74% to $1.5 billio
Slide 22: Our distributable earnings continue to scale
Our distributable earnings continue to scale… Total DE Per Share 5 years ago Today $1.57 17% CAGR $3.40 Note: Annualized distributable earnings before realizations plus actual realized carry on a per share basis for the 12 months ended Mar. 31, 2025. $1.57 from 5 years ago represents annualized cash
Slide 23: We returned $1.5+ billion of capital to shareholders
…and over the past year we returned $1.5+ billion of capital to our shareholders via regular dividends and share repurchases Note: For the last 12 months ended March 31, 2025. 23
Slide 24: Strong access to capital and conservative balance sheet
We continue to have strong access to capital across the business and maintain a conservative balance sheet $135B $165B A- 2024 Record Corporate Financings Deployable Capital Rating Note: Deployable capital as at March 31, 2025. Corporate rating represents S&P. 24
Slide 25: Looking Forward
Looking Forward 25
Slide 26: Growing earnings per share at 20%+ annually over five years
We are well positioned to grow earnings per share at 20%+ annually over the next five years… 26
Slide 27: Generate $47 billion of free cash flow over five years
…and generate $47 billion of free cash flow over the next five years 27
Slide 28: Path to annual DE growth of 21% through 2029
Our business plans for our existing businesses chart a path to annual DE growth of 21% through 2029 Distributable Earnings per Share $8.43 21% CAGR $3.40 $3.20 2024 2025 2029 Operating Businesses Asset Management Wealth Solutions Realized Carried Interest Note: 2024 and 2025 represent the annualized
Slide 29: Growth in distributable earnings over the plan period
Growth in distributable earnings over the plan period is driven by… Grow fee-bearing capital in our asset management business to over $1 trillion by scaling flagship strategies and complementary products Scale our wealth solutions business to ~$300 billion in insurance assets through expanded distri
Slide 30: $47 billion of free cash flow over the next five years
If we achieve our plan, we expect to generate $47 billion of free cash flow over the next five years Asset Management $47B Wealth Solutions Operating Businesses Realized Carried Interest 30
Slide 31: Allocating and deploying capital to maximize net asset value
We are focused on allocating and deploying this capital wisely to maximize the net asset value of the company 31
Slide 32: Our approach to capital allocation
Our approach to capital allocation is deliberate, methodical and proven out over time Our approach has always been to largely distribute out all free cash flow from our operating companies to the Corporation and to centralize cash flow reinvestment decisions BN’s role is then the effective allocatio
Slide 33: Allocating free cash flows and recycling capital
We focus on allocating our free cash flows and recycling capital to sustain and enhance long-term growth and returns Invest into/alongside our Asset Management business Support the scaling of our Wealth Solutions business Invest alongside our Operating Businesses including in large, strategic transa
Slide 34: Capital allocation could add to 5-year growth in DE
Capital allocation could add meaningfully to our 5-year growth in DE Distributable Earnings per Share 25% CAGR $9.77 $8.43 $1.34 21% Base Impact CAGR Business Growth of Capital Allocation $3.40 $3.20 20241 20252 2029 2029 Existing Businesses 1. Represents the distributable earnings per share present
Slide 35: In Summary
In Summary 35
Slide 36: In summary, we are focused on
In summary, we are focused on… 1. Optimizing synergies across the Brookfield ecosystem to drive enterprise-wide value creation 2. Centralizing cash flows and capital allocation decisions to further enhance returns 3. Deploying capital on a value basis and delivering sustained returns to our investor
Slide 37: Q&A
Q&A
Slide 38: Thank You
Thank You
Slide 39: Notice to Recipients
Notice to Recipients Brookfield Corporation is not making any offer or invitation of any kind by communication of this presentation and under no circumstance is it to be construed as a prospectus or an advertisement. Except where otherwise indicated herein, the information provided herein is based o
Slide 40: Notice to Recipients (cont'd)
Notice to Recipients (cont’d) CAUTIONARY STATEMENT REGARDING USE OF NON-IFRS MEASURES Brookfield Corporation prepares its financial statements in accordance with International Financial Reporting Standards (“IFRS”), as issued by the International Accounting Standards Board (“IASB”). We disclose a nu
Slide 41: Brookfield
Brookfield