Brookfield Asset Management Inc · NYSE:BAM
Brookfield Asset Management — Investor Presentation (February 2026)
42 slides from Brookfield Asset Management's investor presentation, February 2026
Slide 1: Brookfield Asset Management Investor Presentation
Brookfield Asset Management Investor Presentation February 2026
Slide 2: Brookfield Asset Management is a leading pure-play global asset manager
Brookfield Asset Management is a leading pure-play global asset manager Long term, structural tailwinds and strong business fundamentals will propel our business, enabling our success today and tomorrow Strong fundraising capabilities across flagships and complementary strategies, with continual pro
Slide 3: Company Overview
Brookfield Asset Management is a leading pure-play global asset manager Company Overview
Slide 4: Brookfield Asset Management Today
Brookfield Asset Management Today 125-year owner-operator and leader across real asset investing Focused on the backbone of the global economy $ 1.2T+ $ 603B $ 85B Assets Under Management Fee-Bearing Capital Market Capitalization Investing across five key verticals Infrastructure Renewable Power Pri
Slide 5: Global presence with a local mindset
Global presence with a local mindset We operate in over 50 countries, with ~250K operating employees Europe & Middle East $230B+ AUM 300 Investment Professionals Americas $730B+ AUM Asia Pacific 850 Investment $140B+ AUM Professionals 200 Investment Professionals BROOKFIELD.COM 5
Slide 6: Secular megatrends will require $100+ trillion of capital
Secular megatrends will require $100+ trillion of capital Our businesses are positioned to benefit from the forces shaping the global economy Digitalization Deglobalization Decarbonization These forces are accelerating, growing the opportunity for large-scale private capital BROOKFIELD.COM 6 Source:
Slide 7: Our business model is simple and effective
Our business model is simple and effective Our structure provides access to all major pools of capital and provides a range of investors with a tailored approach to meet their objectives Investing in attractive, durable asset classes Fundraising channels Infrastructure • Institutional Brookfield Cap
Slide 8: Our leadership position enables accelerated growth
Our leadership position enables accelerated growth Leadership is earned… …and it matters Excellent risk-adjusted returns Fundraise on a greater scale Attract a more diverse capital base Consistency across cycles Source proprietary deal flow Scale Foresee trends and act quickly The right asset classe
Slide 9: Positioned to Win Today and Tomorrow
Brookfield Asset Management is a leading pure-play global asset manager Positioned to Win Today and Tomorrow
Slide 10: The past 20 years have seen major tailwinds for alternatives
The past 20 years have seen major tailwinds for alternatives… and there is much more to come Key growth drivers 2002 Today 2032E • Global AUM growth • Institutional investors increasing $ 60T+ allocations to alternatives $ 25T Alternatives AUM • Investors consolidating their $ 2T Alternatives AUM 20
Slide 11: Our platform is positioned to deliver in all economic environments
Our platform is positioned to deliver in all economic environments and win across the market cycle Products Partnerships Performance Individuals Built to continuously add new growth levers to our business BROOKFIELD.COM 11
Slide 12: Leadership in key areas provides a platform for product innovation
Products Leadership in key areas provides a platform for product innovation We have positioned ourselves as a leader within our sectors of focus across the Brookfield Ecosystem Infrastructure Renewable Power Private Equity Real Estate Credit & Transition Largest global Largest dedicated Top performi
Slide 13: The next big thing
Products The next big thing We can deliver the full capabilities of Brookfield to meet the unprecedented investment needed globally for AI infrastructure AI Factories Infrastructure Power & Transmission Real Estate $ 7T+ 10-Year Expected Credit Capex Spend Compute Infrastructure Strategic Adjacencie
Slide 14: Delivering speed, certainty and the ability to execute at scale
Partnerships Delivering speed, certainty and the ability to execute at scale We are a partner of choice to the largest, most sophisticated institutions in pursuit of their strategic initiatives, including: Governments Corporates Few others can bring together the capital, capabilities and track recor
Slide 15: The best partnerships unlock the best opportunities
Partnerships The best partnerships unlock the best opportunities These partners are not only Why partnerships matter: counterparties, but also increasingly: Large-scale, proprietary deal flow Investors Enhances value of Off-takers operating businesses Tenants Superior risk-adjusted returns JV partne
Slide 16: Strong performance at scale is our competitive advantage
Performance Strong performance at scale is our competitive advantage We invest in essential, durable assets that form the backbone of the global economy High-quality real assets deliver stability, resilience and value across cycles BROOKFIELD.COM 16
Slide 17: Our strategies have delivered strong, consistent performance
Performance Our strategies have delivered strong, consistent performance Gross Return Net Return Fund History Target Actual Target Actual Infrastructure 15 years 13% 15% 11% 12% Renewable Power & Transition 4 years 14% 19% 11% 14% Private Equity 24 years 22% 25% 18% 19% Real Estate 19 years 20% 19%
Slide 18: Individual investors represent a new engine of growth
Individuals Individual investors represent a new engine of growth Global Market Size Alts allocation <3% Alts allocation $22T ~$40T ~25% Institutional Pools Individual Pools Pension Plans Private Wealth Sovereign Wealth Annuities 401(k)s BROOKFIELD.COM 18 Sources: Preqin, Institutional Allocation St
Slide 19: We see further client growth from institutional investors
Individuals We see further client growth from institutional investors Capital is consolidating Room to expand with leaders who have: institutional clients across: Global scale Middle-market pensions Diverse product offerings Corporate pensions Access to high-growth asset classes Family capital Estab
Slide 20: Business Group Overview
Business Group Overview 20
Slide 21: Infrastructure Overview
Infrastructure Overview Brookfield is one of the world’s largest infrastructure investors, owners and operators $ 247B $ 106B Fee-Bearing Capital 129 Assets Under Management Investment Professionals Key Sectors Products Utilities Data Flagship Fund Complementary Strategies $74B $80B Infrastructure C
Slide 22: Renewable Power & Transition Overview
Renewable Power & Transition Overview Brookfield is one of the most impactful renewable power & transition investors, owners and operators $ 143B $67B Fee-Bearing Capital 101 Assets Under Management Investment Professionals Key Sectors Products Flagship Fund Complementary Strategies Hydro Solar 8,50
Slide 23: Private Equity Overview
Private Equity Overview Brookfield is one of the most experienced private equity investors globally $ 155B $ 48B Fee-Bearing Capital 148 Assets Under Management Investment Professionals Key Sectors Products Industrials Infrastructure Services Flagship Fund Complementary Strategies $45B $23B Brookfie
Slide 24: Real Estate Overview
Real Estate Overview Brookfield is one of the largest real estate investors with a diversified portfolio in the world’s most well-established markets $ 273B $ 102B Fee-Bearing Capital 278 Assets Under Management Investment Professionals Key Sectors Products Housing Logistics, Storage Flagship Fund C
Slide 25: Credit Overview
Credit Overview Brookfield’s credit strategies include our longstanding private credit and direct lending funds and our partnerships with leading credit managers $ 363B $ 280B Fee-Bearing Capital 726 Assets Under Management Investment Professionals1 Brookfield Credit Capabilities Partner Managers
Slide 26: Financial Performance and Growth Targets
Financial Performance and Growth Targets 26
Slide 27: Successful efforts on ambitious targets led to record earnings
Successful efforts on ambitious targets led to record earnings We exceeded our targets while returning over $130 billion to our clients Fee-Bearing Capital ($B) Fee-Related Earnings ($M) 15%+ $563 15%+ $2,700 CAGR CAGR $277 $1,319 2020 2025 2020 2025 DE continues to be comprised of essentially 100%
Slide 28: Compounding our proven growth model
Compounding our proven growth model We will continue to scale, expand and diversify across our three main drivers of growth Flagship Funds Complementary Wealth Solutions Products BROOKFIELD.COM 28
Slide 29: Our flagship strategies will drive consistent growth
1. Our flagship strategies will drive consistent growth $ 120B+ 30%+ Growth $ 93B 2030 Round 2025 Round See Notice to Recipients and Endnotes, including endnotes 3 and 4 BROOKFIELD.COM 29
Slide 30: Our complementary strategies will double in size
2. Our complementary strategies will double in size ~$ 50B Mature Strategies ~$ 100B 100%+ Growth $ 52B 2030 2025 ~$ 50B New Strategies See Notice to Recipients and Endnotes, including endnotes 4 and 12 BROOKFIELD.COM 30
Slide 31: Wealth Solutions provides a unique growth engine
3. Wealth Solutions provides a unique growth engine In a competitive market, we have a differentiated insurance partnership, but wealth is also coming 8% 15% Growing to $ 108B 32% Private Funds 45% 325B+ $ 60% 2025 FBC 2030 FBC Non-Fund Private Investment 40% Liquid Credit Figures presented represen
Slide 32: Our stable capital base will continue to strengthen
Our stable capital base will continue to strengthen 2025 2030 13% 8% 25% 87% 47% Growing 92% 42% Long Term or To 41% Long Term or Permanent Permanent 15% 9% Long Term Permanent Capital Vehicles Perpetual Strategies Liquid Strategies BROOKFIELD.COM 32
Slide 33: Growing pool of carried interest will drive additional growth
Growing pool of carried interest will drive additional growth Target 2031 – 2035 Cumulative Realized Carried Interest $ 10B Royalty to BN $ 30B $ 10B Net to BAM Gross $10B Costs BROOKFIELD.COM 33
Slide 34: Additional levers for growth
Additional levers for growth We can unlock upside beyond our base plan through various channels… Access to New Capital Solutions M&A 401(k)s Complementary Funds …which creates multiple paths to 20%+ annualized earnings growth BROOKFIELD.COM 34
Slide 35: Robust liquidity position to drive growth
Robust liquidity position to drive growth Our strong liquidity and new debt capacity allow us to capitalize on opportunities and defend against downside risks $ 3.0B $ 1.0B A / A- Corporate Liquidity Of New Senior Notes Investment Grade Corporate Issued in Q4-25 Ratings(1) (Fitch / S&P) We are strat
Slide 36: Key takeaways
Key takeaways We set ambitious targets—and have consistently delivered on them Our growth is broad based and diversified across products, partnerships and individuals We expect to double our business over the next five years—with multiple new engines to extend growth for years beyond $1.2T FBC $5.8B
Slide 37: Appendix
Appendix 37
Slide 38: Senior management team
Senior management team Connor Teskey Hadley Peer Marshall CEO, Brookfield Asset Chief Financial Officer, Brookfield Management and CEO, Asset Management Renewable Power & Transition Lowell Baron Anuj Ranjan Craig Noble Sam Pollock CEO, Real Estate CEO, Private Equity CEO, Credit CEO, Infrastructure
Slide 39: Notice to Recipients
Notice to Recipients Brookfield Asset Management Ltd. (“BAM,” “Brookfield Asset Management” “believe”, “foresee”, “could”, “estimate”, “goal”, “intend”, “plan”, “seek”, “strive”, that may give rise to conflicts and risks; (xxix) Brookfield Corporation (“BN”) or “Brookfield”) is not making any offer
Slide 40: Endnotes
Endnotes All data presented is as of December 31, 2025, unless otherwise noted. Totals and redemptions; iv) Market activity includes gains (losses) on portfolio should not be put on them. Additional information about the may not add due to rounding. investments, perpetual affiliates and liquid strat
Slide 41: Endnotes continued
Endnotes continued 7. Private Equity figures reflect the target as a weighted average of committed capital and actual gross and net returns of Brookfield Capital Partners I through VI., rounded to the nearest whole number. 8. Real Estate figures reflects the actual gross and net returns of Brookfiel
Slide 42: Notice to Recipients
Notice to Recipients Target returns and growth objectives set forth in this presentation are for Earnings” or “FRE”). These non-GAAP measures are not standardized illustrative and informational purposes only and have been presented based financial measures and may not be comparable to similar financ
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