Brookfield Corporation · NYSE:BN
Brookfield — Brookfield Asset Management — Investor Presentation (March 2013)
32 slides from Brookfield's investor presentation, March 2013
Slide 1: Global Alternative Manager in Real Assets
Global Alternative Manager in Real Assets | Property, Power, Infrastructure, Private Equity
Slide 2: Agenda
Agenda Provide you an update on Brookfield Explain our views on the economy and opportunities therein Answer your questions 2 | Brookfield Asset Management Inc.
Slide 3: Our business is focused on owning high quality real assets
Our business is focused on owning high quality “real assets” We have four businesses: (i) property, (ii) renewable power, (iii) infrastructure and (iv) private equity Our operations include 100 offices across the globe with 600 investment professionals and 24,000 operating employees 3 | Brookfield A
Slide 4: This makes us one of the largest managers of real assets
This makes us one of the largest managers of real assets Total assets managed by us are ±$180 billion, including: 28 Private Funds 3 Flagship Listed Funds Property and Infrastructure Public Securities Funds 4 | Brookfield Asset Management Inc.
Slide 5: Our business is global but very focused
Our business is global but very focused… C Canada d UK Western Europe & UK, $25 billion AUM Middle East Asia & Australasia $7 billion AUM $19 billion AUM United States $108 billion AUM South America $22 billi billion AUM 5 | Brookfield Asset Management Inc.
Slide 6: And, our business model is simple
And, our business model is simple Source equity from clients who are seeking exposure to property and infrastructure returns Utilize our global reach to identify and acquire high quality real assets on a value basis Finance them with long-term, low risk basis Enhance the cash flows and value of thes
Slide 7: We now have four focused Fund groups
We now have four focused Fund groups Brookfield (BAM) 28% 65% ~93% 100% Public Brookfield Brookfield Renewable Brookfield Brookfield Infrastructure Partners Energy Partners Property Partners Funds (BIP) (BREP) (BPY)1 Private Equity Private Brookfield Brookfield Brookfield Institutional IInfrastructu
Slide 8: We differentiate ourselves as owner-operators
And all of these assets are And, similar i il and d we diff differentiate ti t ourselves l as owner-operators 8 | Brookfield Asset Management Inc.
Slide 9: > 100 million sq. ft. of office properties
> 100 million sq. ft. of office properties World Financial Center, New York 9 | Brookfield Asset Management Inc.
Slide 10: 165 million sq. ft. of retail malls
165 million sq. ft. of retail malls Ala Moana Moana, Honolulu 10 | Brookfield Asset Management Inc.
Slide 11: 200 renewable power plants
200 renewable power plants Gartshore Quebec Gartshore, 11 | Brookfield Asset Management Inc.
Slide 12: 30 port terminals
30 port terminals, including the largest metallurgical coal te coa terminal a in tthe e world o d Dalrymple Bay Coal Terminal, Australia 12 | Brookfield Asset Management Inc.
Slide 13: 30,000 kilometres of rail, toll roads, pipelines and transmission lines
And 30,000 30,000 kilometres of rail, toll roads, pipelines and d ttransmission i i lilines Brookfield Rail, Australia 13 | Brookfield Asset Management Inc.
Slide 14: 3 million acres of timberlands
as well as 3 million acres of timberlands timberlands Longview Timberlands, Oregon 14 | Brookfield Asset Management Inc.
Slide 15: These high quality real assets are in demand by investors
These high quality real assets are in demand by investors They offer favourable long-term, risk adjusted returns generating cash and capital returns, with lower volatility, and inflation hedge attributes 15 | Brookfield Asset Management Inc.
Slide 16: Why? Because interest rates are zero
Why? y – Because interest rates are zero!! 7% - 15% 8% 2% Bond Equity Real Asset Yields Yields Yields 16 | Brookfield Asset Management Inc.
Slide 17: Governments need funding; supply of assets will be available
But, as important, governments need funding; so the supply pp y of assets will be available…….. 17 | Brookfield Asset Management Inc.
Slide 18: Our view is the U.S. recovery is far better than reported
And, since 2009, our view has been that the U.S. recovery is far better than “CNBC” reports Housing is recovering consistently Retail sales in middle to upper-class U.S. are strong Manufacturing is coming back The shale gas revolution is real 18 | Brookfield Asset Management Inc.
Slide 19: Jobs slowly coming back
And this all amounts to jobs slowly coming back . . . 19 | Brookfield Asset Management Inc.
Slide 20: As a result, we have not been as negative as many
As a result, we have not been as negative as many……. Value Excellent Opportunities Recovery Strong Good, and d re-engaging i Strong, St but Slower 20 | Brookfield Asset Management Inc.
Slide 21: This environment has enabled us to invest in incredible opportunities
And so far far, this environment has enabled us to invest in some incredible opportunities 21 | Brookfield Asset Management Inc.
Slide 22: Brazilian Toll Roads
Brazilian Toll Roads We committed to acquire 3,200 km of toll roads in Brazil 22 | Brookfield Asset Management Inc.
Slide 23: Chilean Toll Roads
Chilean Toll Roads We purchased the other 45% of the ring-road around Santiago 23 | Brookfield Asset Management Inc.
Slide 24: UK Gas Utility
UK Gas Utility We will invest close to $500 million to restructure a UK gas utility business 24 | Brookfield Asset Management Inc.
Slide 25: UK Office Portfolio
UK Office Portfolio We acquired a £500 million portfolio of office properties in London, UK 25 | Brookfield Asset Management Inc.
Slide 26: Australian Commercial Properties
Australian Commercial Properties We invested $1 billion in a prime office projects in Sydney 26 | Brookfield Asset Management Inc.
Slide 27: U.S. Industrial Properties
U.S. Industrial Properties We acquired control of 20 million sq. ft. of industrial properties in the U U.S. S 27 | Brookfield Asset Management Inc.
Slide 28: U.S. Hydro Facilities
U.S. Hydro Facilities We acquired four hydro facilities in the Southern U.S. from Alcoa and committed to acquire a further $750 million of plants from Nextera in Maine 28 | Brookfield Asset Management Inc.
Slide 29: Canadian District Energy
Canadian District Energy And, most recently we acquired Enwave from the City of Toronto 29 | Brookfield Asset Management Inc.
Slide 30: In conclusion
In conclusion – spreads on real asset investments h have never b been b better; tt and macro-economic events are creating g buying y g opportunities pp 30 | Brookfield Asset Management Inc.
Slide 31: A) & g a
A) 2 & g a
Slide 32: Global Alternative Manager in Real Assets
Global Alternative Manager in Real Assets | Property, Power, Infrastructure, Private Equity
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