Brookfield Infrastructure Partners Lp Limited Partnership · NYSE:BIP
Brookfield Infrastructure Partners Lp Limited Partnership — Brookfield Infrastructure Partners — Merger or Acquisition (August 2021)
13 slides from Brookfield Infrastructure Partners Lp Limited Partnership's merger presentation, Aug 24, 2021
Slide 1: Take Action – The Brookfield Offer is open until September 3rd, 2021
Take Action – The Brookfield Offer is open until 5 p.m. MT on September 3rd, 2021 Brookfield’s Offer is recommended by IPL’s Board of Directors Brookfield has taken-up 65.6% of the IPL shares not beneficially owned by Brookfield IPL shareholders who tendered by the August 20th expiry do not need to
Slide 2: Disclaimer
Disclaimer This presentation is for informational purposes only and does not constitute an offer to buy or sell, or a solicitation of an offer to sell or buy, any securities. Any reference to Brookfield Infrastructure Partners L.P. and its institutional partners’ (“Brookfield Infrastructure”) offer
Slide 3: Notice to Shareholders in the United States
Notice to Shareholders in the United States In connection with the Offer, BIP and BIPC have filed with the U.S. Securities and Exchange Commission (the “SEC”) a Registration Statement on Form F-4 and Amendment No. 1 Amendment No. 2, Amendment No. 3, Amendment No. 4 and Amendment No. 5 thereto, which
Slide 4: Tender Instructions
Tender Instructions Brookfield Infrastructure has exceeded the modified statutory minimum condition and upon payment will own 68.9% of IPL’s common shares, providing a clear path to pursue a privatization of Inter Pipeline Ltd. following the mandatory extension period The Brookfield Offer is open un
Slide 5: Brookfield Offer to Acquire Inter Pipeline Ltd.
Brookfield Offer to Acquire Inter Pipeline Ltd. Based on the closing price of the BIPC Shares on the TSX on Aug. 20, 2021, and assumes that IPL shareholders select the higher value BIPC share consideration option resulting in 68% cash, 32% share proration Premium to closing share price of IPL on the
Slide 6: Termination of the Alternative Transaction
Termination of the Alternative Transaction On July 15, 2021, Brookfield Infrastructure announced its intention to file an enhanced Offer to acquire all of the outstanding common shares of Inter Pipeline (formally filed on July 19, 2021) On July 26, 2021, in response to Brookfield’s enhanced Offer, I
Slide 7: Reasons to Tender to the Brookfield Offer
Reasons to Tender to the Brookfield Offer Significant Premium and Flexible Consideration High Degree of Transaction Certainty Opportunity to Participate in Brookfield Infrastructure’s Global Infrastructure Platform
Slide 8: Significant Premium for IPL Shareholders and Flexible Consideration
Significant Premium for IPL Shareholders and Flexible Consideration Brookfield Infrastructure’s Offer includes the opportunity for IPL Shareholders to select the combination of cash and share-based consideration that best suits their objectives Option to receive 100% cash consideration, without bein
Slide 9: High Degree of Transaction Certainty
High Degree of Transaction Certainty 2 Brookfield’s offer is fully financed and has received all key regulatory approvals resulting in a high degree of transaction certainty Brookfield Infrastructure Offer Key Regulatory Approvals Canadian Competition Bureau ü Canada Transportation Act ü HSR Act ü F
Slide 10: One of the largest globally diversified owners and operators of infrastructure assets
One of the largest globally diversified owners and operators of infrastructure assets in the world NYSE: BIP, BIPC TSX: BIP.UN, BIPC MARKET SYMBOLs ~US$26B1 MARKET CAPITALIZATION ~30% Equity Interest; GP & Manager BROOKFIELD Alignment Based on the closing price of BIP partnership units and Class A s
Slide 11: Cash Flows Well-Positioned for Growth
Cash Flows Well-Positioned for Growth 3b Annual distribution growth underpinned by increasing cash flows organically through the following three drivers Inflationary Price Increases 75% of our FFO has contractual or regulated adjustments for inflation 3-4% growth Volume Upside from GDP Growth Robust
Slide 12: Tailwinds Supporting Infrastructure Investment Super-Cycle
Tailwinds Supporting Infrastructure Investment Super-Cycle 3c Since inception, Brookfield Infrastructure has deployed over US$12 billion of equity into accretive opportunities, and we are excited about the ability for further investments Secular trend of government and industrial company indebtednes
Slide 13: Brookfield Infrastructure Has Delivered Superior Returns to Shareholders
Brookfield Infrastructure Has Delivered Superior Returns to Shareholders 3d ANNUAL DISTRIBUTION GROWTH (US$/Unit)(2) ~10% CAGR IPL shareholders have an opportunity to receive an equity interest in a large-scale, diversified, global infrastructure company with a long-term track record of delivering c
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