Brookfield Corporation · NYSE:BN
Brookfield — Brookfield Asset Management — Shareholder Meeting (May 2010)
18 slides from Brookfield's shareholder meeting presentation, May 5, 2010
Slide 1: Annual Meeting 2010 - Class A Nominees
ANNUAL 2010 MEETING Nominees for Election by the Class A Shareholders Marcel Coutu M Maureen K Kempston t D Darkes k Lance Liebman Wallace McCain 2 | Brookfield Asset Management Inc. 1
Slide 2: Nominees for Election by Class A and Class B Shareholders
Nominees for Election by the Class A Shareholders Frank McKenna J k Mi Jack Mintz t Patricia Newson James Pattison 3 | Brookfield Asset Management Inc. Nominees for Election by the Class B Shareholders Trevor Eyton J kC Jack Cockwell k ll Bruce Flatt James Gray 4 | Brookfield Asset Management Inc. 2
Slide 3: Nominees for Election by the Class B Shareholders
Nominees for Election by the Class B Shareholders David Kerr R b t Harding Robert H di Philip Lind George Taylor 5 | Brookfield Asset Management Inc. ANNUAL 2010 MEETING 3
Slide 4: Cautionary Note Regarding Forward-Looking Statements
Cautionary Note Regarding Forward-Looking Statements Note: This presentation contains forward-looking information within the meaning of Canadian provincial securities laws and other “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, Section
Slide 5: Business Profile
Overview of Business Business Profile 100 years of experience investing, operating and managing high quality “real” assets Best-in-class operating platforms and expertise in property, renewable power and infrastructure Asset management operations which leverage operating platforms and enhance
Slide 6: Financial Profile and Assets Under Management
Financial Profile Assets under management exceed $100 billion Business funded by $30 billion of permanent equity capital Conservative debt levels: 15% deconsolidated; 44% overall $4 billion of core liquidity plus $7 billion of capital allocations from clients 11 | Brookfield Asset Management
Slide 7: Global Presence and Creating Value
Global Presence 100 offices or locations ■ 400 investment professionals ■ 15,000 operating employees UK/Europe Canada /U.S. Brazil/Chile Australia/New Zealand 13 | Brookfield Asset Management Inc. Creating Value A Asset t Management fees Management Additional sources of capital Capital Reinves
Slide 8: Renewable Power
Operations Review Renewable Power One of the world’s largest private owners of hydro generation assets $15 billion portfolio should benefit from forecasted higher energy prices and carbon-neutral profile 16 | Brookfield Asset Management Inc. 8
Slide 9: Property and Infrastructure
Property One of the largest property investors worldwide Over $32 billion of office and retail assets with ~125 million square feet ~$9 billion of residential, opportunity investment and development properties 17 | Brookfield Asset Management Inc. Infrastructure Approximately $15 billion of
Slide 10: Infrastructure – Utilities and Fee for Services
Infrastructure – Utilities Regulated transportation and energy businesses which earn a rate of return on their asset base Businesses with long-term contracts designed to generate a fixed return on capital it l Assets Under Management Region Metallurgical Coal Terminal Australia Electricity Trans
Slide 11: Infrastructure – Timber and Special Situations
Infrastructure – Timber 30-year track record of owning and operating high quality timberlands in North and South America Primarily premium species suitable for high value structural and appearance applications li ti in i domestic d ti andd exportt markets k t Assets Under Management Region 651,0
Slide 12: Public Securities & Advisory Services; Key Characteristics
Public Securities & Advisory Services Leading investment advisory business with $24 billion under management Expanding global footprint with focus on fixed income and real estate and infrastructure securities Brookfield is also a global provider of investment banking and real estate related se
Slide 13: Recent Achievements
Recent Achievements Recent Achievements Added $8 billion of infrastructure assets to global platform Brookfield led the recapitalization of a major Australian-based infrastructure company, acquiring: – 40% interest in Prime Infrastructure, with a portfolio of leading transportation and utilities b
Slide 14: Recent Achievements cont'd
Recent Achievements cont’d Established 4 new private equity funds, adding $7 billion of capital $5.5 billion Real Estate Turnaround Consortium C$1.2 billion Debtor-in-Possession Fund $460 million Peru Infrastructure Fund $400 million Colombia Infrastructure Fund 27 | Brookfield Asset Managem
Slide 15: Recent Achievements cont'd - Invested $2 Billion
Recent Achievements cont’d Invested $2 billion for future growth in underlying values cash flow per share Common share repurchases Affiliates Existing Brookfield Homes Businesses Norbord Australian property fund Prime Infrastructure, DBCT, PD Ports New 2.9 million square foot opportuni
Slide 16: Share Values
Share Values IFRS carrying values based on recent valuations for most, but not all, assets As at December 31, 2009 (millions, except per share amounts) Total Per Share Common equity, pre-tax $ 16,100 $ 25.65 Unrecognized values(1) 1,750 2.88 Underlying values $ 17,850 $ 28.53 100-basis point chang
Slide 17: Share Values - Summary
Share Values Underlying value provides tangible support for equity values Ability to increase cash flows and underlying values through – Continuous enhancement of existing assets / businesses – Reinvest free cash flow into attractive investment opportunities – Capital reallocation to increase re
Slide 18: Priorities for 2010
Priorities for 2010 Position ourselves as a preferred sponsor for acquisitions Build client relationships with shared investment objectives Organically grow our operations Generate liquidity from non-strategic assets Maintain maximum financial and operating flexibility 35 | Brookfield Asse
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