Brookfield Business Corporation Class A · TSX:BBUC
Brookfield Business Corporation Class A — Investor Day (2026)
50 slides from Brookfield Business Corporation Class A's investor day presentation, 2026
Slide 1: Brookfield Business Corporation
Brookfield Business Corporation
Slide 2: Built for the Opportunity Ahead
Built for the Opportunity Ahead AI in the Real Economy Better Positioned – Now and Into the Future Q&A
Slide 3: Built for the Opportunity Ahead
Built for the Opportunity Ahead Anuj Ranjan CEO, Brookfield Business Corporation
Slide 4: The world is being repriced around resilience
The world is being repriced around resilience BROOKFIELD.COM 4
Slide 5: AI is driving a once-in-a-generation opportunity
“AI is driving a once-in-a- “Manufacturing and “The infrastructure generation opportunity manufacturing at behind advanced AI is a to reinvigorate American scale is critical to the generational opportunity to manufacturing and strength of America.” reindustrialize America.” supply chains.” — Jensen
Slide 6: Capital is flowing back to real operating businesses
Capital is flowing back to real operating businesses 1 Durable demand and through-cycle cash flows 2 Strong competitive positions with low substitution risk 3 Propelled, not disrupted by AI BROOKFIELD.COM 6
Slide 7: Operating capabilities matter more than ever
Operating capabilities matter more than ever Reindustrialization Geopolitical uncertainty AI & digitalization Reshoring of production Increased adaptability and Change management to and manufacturing diversification of supply drive automation and AI capabilities chains adoption at scale BROOKFIELD.C
Slide 8: We have the capabilities, scale and track record to meet this moment
We have the capabilities, scale and track record to meet this moment BROOKFIELD.COM 8
Slide 9: We have invested in the industrial backbone for decades
We have invested in the industrial backbone for decades Early 2000s 2018 2021 2026 $1B $1B $1.5B $1B 2010–15 2019 2025 $1B $3B $1.5B Largest investor in Brookfield’s Private Equity strategy Please refer to endnotes at the back of this presentation. BROOKFIELD.COM 9
Slide 10: An exceptional realized industrial track record
An exceptional realized industrial track record 13 ~ 5x Industrial businesses Aggregate multiple on monetized realized investments Please refer to endnotes at the back of this presentation. BROOKFIELD.COM 10
Slide 11: We own world-class industrial businesses today
We own world-class industrial businesses today 1 in 3 ~60% #1 Cars powered by a Clarios EBITDA from recurring MRO Global manufacturer and low-voltage battery replacement distributor of trailer components 90%+ ~70% #1 Sales from repeat Earnings from replacement MRO distributor in customers and after-
Slide 12: We have the capabilities to transform businesses
We have the capabilities to transform businesses Integrated team Repeatable value Access to of operating creation playbook the Brookfield professionals ecosystem Please refer to endnotes at the back of this presentation. BROOKFIELD.COM 12
Slide 13: And deliver strong operating performance
And deliver strong operating performance Water and Electric heat Advanced wastewater services management solutions energy storage + 1,100 bps +14% +$4B Margin improvement Annual EBITDA growth Cumulative cash generation since acquisition since acquisition since acquisition Historical 11% average annu
Slide 14: AI is supercharging our capabilities
AI is supercharging our capabilities + Lead founding partner of OpenAI Deployment Company to accelerate enterprise AI deployment BROOKFIELD.COM 14
Slide 15: We are set up to continue to compound
We are set up to continue to compound BROOKFIELD.COM 15
Slide 16: Our businesses are more resilient than ever
Our businesses are more resilient than ever Then Now BROOKFIELD.COM 16
Slide 17: Building the next generation of industrial leaders
Building the next generation of industrial leaders ~ 9x Effective buy-in EBITDA multiple ~ 25% + 500 bps Average entry EBITDA margin Target EBITDA margin improvement Please refer to endnotes at the back of this presentation. BROOKFIELD.COM 17
Slide 18: Targeting significant value creation
Targeting significant value creation $ 300M $ 3B Target EBITDA Incremental increase equity value Equivalent to more than $4 per BBUC share Please refer to endnotes at the back of this presentation. BROOKFIELD.COM 18
Slide 19: Building on our capital recycling momentum
Building on our capital recycling momentum BBUC Capital Recycling Proceeds 2016–Today Average per year $1.6B $800M + 2x First Five Years Last Five Years Please refer to endnotes at the back of this presentation. BROOKFIELD.COM 19
Slide 20: On track to achieve our ~$2 billion capital recycling target
On track to achieve our ~$2 billion capital recycling target Please refer to endnotes at the back of this presentation. BROOKFIELD.COM 20
Slide 21: Proven flywheel of investing, improving and recycling capital
Proven flywheel of investing, improving and recycling capital ~ 30 19% Monetizations Realized IRR $ 9B 12% Cumulative realized proceeds Average premium to NAV Please refer to endnotes at the back of this presentation. BROOKFIELD.COM 21
Slide 22: Key messages
Key messages Investors are paying up for We have the scale, Our proven flywheel real operating businesses capabilities and track positions us to continue that cannot be tipped over record to win in this compounding capital environment at scale BROOKFIELD.COM 22
Slide 23: AI in the Real Economy
AI in the Real Economy Katie Zorbas Nate Harbacek David Bonasia Managing Partner, Head – Global Business and Co-Founder, Managing Partner, Investor Relations OpenAI Deployment Company Business Operations Brookfield Business Corporation OpenAI Brookfield Business Corporation
Slide 24: Better Positioned – Now and Into the Future
Better Positioned – Now and Into the Future Jaspreet Dehl CFO, Brookfield Business Corporation
Slide 25: We have delivered on what we said last year
We have delivered on what we said last year Commitment Delivered $2B proceeds over 24 months $1.4B generated over last 12 months One public corporation Completed corporate conversion 50%+ trading liquidity improvement +75% achieved Active buyback program $175M repurchased at discount to NAV Please r
Slide 26: Building on a ten-year track record of compounding capital
Building on a ten-year track record of compounding capital BROOKFIELD.COM 26
Slide 27: A bigger and materially better business today
A bigger and materially better business today Adjusted EBITDA Adjusted EBITDA Margin Adjusted EFO (Per Share) ~$5.50 $2.4B 24% ~3.5x +2,000 +$2.2B bps ~$1.50 4% $0.2B 2016 Today 2016 Today 2016 Today Please refer to endnotes at the back of this presentation. BROOKFIELD.COM 27
Slide 28: Supporting a decade of net asset value growth
Supporting a decade of net asset value growth Net Asset Value (Per Share) $56 +3x $17 2016 Today Please refer to endnotes at the back of this presentation. BROOKFIELD.COM 28
Slide 29: Built on a proven engine of value creation
Built on a proven engine of value creation BROOKFIELD.COM 29
Slide 30: Deployed capital at increasing scale
Deployed capital at increasing scale Cumulative Invested Capital Since inception $10B $ 10B Cumulative invested capital $1B 40 Investments 2017 2018 2019 2020 2021 2022 2023 2024 2025 Today Please refer to endnotes at the back of this presentation. BROOKFIELD.COM 30
Slide 31: Funded by our strong capital recycling
Funded by our strong capital recycling Cumulative Capital Recycling Proceeds Since inception Monetizations + Distributions $12B $ 3B Distributions $ 9B Monetizations $0.2B 2017 2018 2019 2020 2021 2022 2023 2024 2025 Today Please refer to endnotes at the back of this presentation. BROOKFIELD.COM 31
Slide 32: Driven by broad-based monetization activity
Driven by broad-based monetization activity ~60% ~30% ~10% Sale to strategic Sale to sponsor Public market Never dependent on any single exit channel — or open IPO windows Please refer to endnotes at the back of this presentation. BROOKFIELD.COM 32
Slide 33: Repositioned our business
Repositioned our business Realized Redeployed Operations owned at spinout Larger scale market leaders Average Annual EBITDA ~$60M Average Annual EBITDA ~$300M Average EBITDA Margin ~15% Average EBITDA Margin ~30% 5x increase in EBITDA and 2x increase in EBITDA margin Please refer to endnotes at the
Slide 34: More accessible for investors
More accessible for investors Simplified corporate + Increased index structure inclusion ~75% increase in average daily trading volumes post-simplification Please refer to endnotes at the back of this presentation. BROOKFIELD.COM 34
Slide 35: A simpler business to understand, compare and value
A simpler business to understand, compare and value Quarterly valuation Broader stakeholder disclosures familiarity Adopting U.S. GAAP from the first quarter of 2027 BROOKFIELD.COM 35
Slide 36: Well set up for our next phase of growth
Well set up for our next phase of growth BROOKFIELD.COM 36
Slide 37: Significant value creation potential
Significant value creation potential Early stage ~ 15% Mid stage ~ 65% NAV Mature ~ 20%NAV NAV Early in the execution of our value Further opportunities to optimize Approaching the window creation plans business performance for monetization ~80% of value is in businesses still being optimized Please
Slide 38: Expect to generate $6 billion+ of capital recycling proceeds
Expect to generate $6 billion+ of capital recycling proceeds over the next five years Please refer to endnotes at the back of this presentation. BROOKFIELD.COM 38
Slide 39: Self-funding our growth investments
Self-funding our growth investments ~$ 4B Expected capital deployment over next five years What we look for Market Essential products High barriers Durable leaders and services to entry cash flows Please refer to endnotes at the back of this presentation. BROOKFIELD.COM 39
Slide 40: Significant flexibility beyond expected investment activity
Significant flexibility beyond expected investment activity Strengthen corporate liquidity ~$ 2B+ Strategic investments Excess capital generation over next five years Return capital to shareholders Please refer to endnotes at the back of this presentation. BROOKFIELD.COM 40
Slide 41: Returning capital at highly accretive levels
Returning capital at highly accretive levels $ 335M+ 12M+ 50% Capital returned since Shares Average discount start of 2025 repurchased to NAV Please refer to endnotes at the back of this presentation. BROOKFIELD.COM 41
Slide 42: Monetizing at a premium to NAV
Monetizing at a premium to NAV 3 1 $ B+ ~ 20% Monetizations over Realized Premium the past year proceeds to NAV Recent activity builds on a track record of monetizing above NAV Please refer to endnotes at the back of this presentation. BROOKFIELD.COM 42
Slide 43: Enormous value opportunity today
Enormous value opportunity today BBUC Everything else ~$ 25 - ~$ 19 = ~$ 6 Trading Equity value Implied price price per share per share BROOKFIELD.COM 43
Slide 44: Closing the gap between price and value
Closing the gap between price and value Value of Our Business Proven carrying values — ~30 monetizations at (Per Share) a 12% average premium to NAV $56 $6B+ of targeted proceeds over five years turns 2x that value into cash $25 Self-funded growth plus $2B+ of excess capital over the next five years
Slide 45: Key messages
Key messages We have built a larger, Our business has significant We remain focused higher-quality and value creation and capital on narrowing the gap simpler business recycling ahead between price and value BROOKFIELD.COM 45
Slide 46: Q&A
Q&A
Slide 47: Thank You
Thank You
Slide 48: Endnotes
Endnotes Unless otherwise indicated, all figures are presented in US dollars and are rounded for 5. Actual results may vary materially and are subject to market conditions and other Page 25 presentation purposes. factors and risks that are set forth in “Important Cautionary Notes” on page 50. 1. $1.
Slide 49: Endnotes
Endnotes Page 30 Page 37 Page 43 1. Cumulative invested capital presented at BBUC’s proportionate share and 1. Early stage represents operations acquired in 2024 or later; mid stage represents 1. Current trading price presented as at September 28, 2026. Represents BBUC includes initial capital inves
Slide 50: Important Cautionary Notes
Important Cautionary Notes NOTICE TO READERS cyclical nature of our operating businesses and general economic conditions and risks CAUTIONARY STATEMENT REGARDING THE USE OF A NON-IFRS MEASURE Brookfield Business Corporation is not making any offer or invitation of any kind by relating to the economy