Brookfield Infrastructure Partners Lp Limited Partnership · NYSE:BIP
Brookfield Infrastructure Partners Lp Limited Partnership — Brookfield Business — Q2 2025 Earnings Presentation
31 slides from Brookfield Infrastructure Partners Lp Limited Partnership's earnings presentation, Aug 1, 2025
Slide 1: Three Months Ended June 30, 2025
THREE MONTHS ENDED JUNE 30, 2025
Slide 2: Important Cautionary Notes
Important Cautionary Notes All amounts in this Supplemental Information are in U.S. dollars unless otherwise specified. Unless otherwise indicated, the statistical and financial data in this document is presented as at June 30, 2025. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS AND INFO
Slide 3: Overview
Overview Brookfield | 3
Slide 4: Q2 2025 Highlights – Operating Performance
Q2 2025 Highlights – Operating Performance Key Performance Metrics Financial Performance – Three Months Ended June 30, 2025 Three Months Ended Six Months Ended • Net income attributable to Unitholders for the three months June 30, June 30, ended June 30, 2025 was $26 million ($0.12 per limited US$ m
Slide 5: Q2 2025 Business Developments
Q2 2025 Business Developments Strategic Initiatives • During the quarter, we invested $56 million to repurchase 2.2 million units and shares of Brookfield Business Partners at an average price of approximately $25 per unit and share. Since the start of the year, our buyback program has returned $157
Slide 6: Q2 2025 Highlights – Balance Sheet & Liquidity
Q2 2025 Highlights – Balance Sheet & Liquidity Key Balance Sheet Metrics Corporate Liquidity As at As at June 30, December 31, June 30, December 31, US$ millions, unaudited 2025 2024 US$ millions, unaudited 2025 2024 Total assets $ 75,335 $ 75,474 Corporate cash and financial assets $ 78 $ 91 Non-re
Slide 7: Partnership Capital
Partnership Capital Units and Shares Outstanding Incentive Distribution Right As at • The special limited partner is entitled to an incentive distribution June 30, December 31, June 30, of 20% of the increase in the volume-weighted average limited 2025 2024 2024 partnership unit price over an incent
Slide 8: Operating Segments
Operating Segments Brookfield | 8
Slide 9: Our Operations
Our Operations • Our business invests alongside Brookfield's Private Equity strategies, with the objective of acquiring and owning high-quality industrial businesses and mission critical service providers where the broader Brookfield ecosystem provides us with a competitive advantage. • We target lo
Slide 10: Business Services
Business Services Proportionate Financial Results Operating Performance – Three Months Ended June 30, 2025 The following table presents our proportionate share of our Business Services • Adjusted EBITDA for the three months ended June 30, 2025 was segment financial results: $205 million, compared to
Slide 11: Infrastructure Services
Infrastructure Services Proportionate Financial Results Operating Performance – Three Months Ended June 30, 2025 The following table presents our proportionate share of our Infrastructure Services • Adjusted EBITDA for the three months ended June 30, 2025 was segment financial results: $109 million,
Slide 12: Industrials
Industrials Proportionate Financial Results Operating Performance – Three Months Ended June 30, 2025 The following table presents our proportionate share of our Industrials segment • Adjusted EBITDA for the three months ended June 30, 2025 was financial results: $307 million, compared to $213 millio
Slide 13: Corporate and Other
Corporate and Other Proportionate Financial Results Operating Performance – Three Months Ended June 30, 2025 The following table presents our proportionate share of our Corporate and Other • General and administrative expenses comprise management fees segment financial results: and corporate expense
Slide 14: Significant Operations
Significant Operations Brookfield | ‘4
Slide 15: Summary of Segment & Significant Operations Performance
Summary of Segment & Significant Operations Performance The following table presents selected financial results of our significant operations: US$ millions, unaudited Three Months Ended June 30, 2025 Three Months Ended June 30, 2024 Segment Operations Adjusted EBITDA Adjusted EFO Adjusted EBITDA Adj
Slide 16: Summary of Segment & Significant Operations Performance
Summary of Segment & Significant Operations Performance The following table presents selected financial results of our significant operations: US$ millions, unaudited Six Months Ended June 30, 2025 Six Months Ended June 30, 2024 Segment Operations Adjusted EBITDA Adjusted EFO Adjusted EBITDA Adjuste
Slide 17: Summary of Segment & Significant Operations Performance
Summary of Segment & Significant Operations Performance The following table presents selected financial results of our significant operations: Trailing Twelve Months Ended Trailing Twelve Months Ended US$ millions, unaudited June 30, 2025 June 30, 2024 Segment Operations Adjusted EBITDA Adjusted EFO
Slide 18: Summary of Proportionate Non-Recourse Borrowings, Net of Cash
Summary of Proportionate Non-Recourse Borrowings, Net of Cash The following table presents the selected proportionate non-recourse borrowings, net of cash of our significant operations: Proportionate Non-Recourse (1) Borrowings, US$ millions, unaudited Net of Cash As at As at Segment Operations June
Slide 19: Proportionate Statements of Operating Results & Financial Position
Proportionate Statements of Operating Results & Financial Position 19
Slide 20: Proportionate Statements of Operating Results
Proportionate Statements of Operating Results (1) The following table presents our proportionate share of the statements of operating results: Three Months Ended Financial Performance – Three Months Ended June 30, 2025 June 30, US$ millions, unaudited 2025 2024 Revenues $ 2,612 $ 3,639 • Revenues an
Slide 21: Proportionate Statements of Financial Position
Proportionate Statements of Financial Position (1) The following table presents our proportionate share of the statements of financial position: As at Financial Position as at June 30, 2025 June 30, December 31, US$ millions, unaudited 2025 2024 • Cash and cash equivalents included $748 million in o
Slide 22: Appendix
Appendix Brookfield | 22
Slide 23: Acquisitions since Spin-Off
Acquisitions since Spin-Off The following table summarizes acquisitions we have completed since spin-off of the partnership on June 20, 2016: (1) Economic Ownership Segment Operations Acquisition Date Invested Capital (2) Interest One Toronto Gaming January 2018 $6 million 14% Unidas July 2019 $206
Slide 24: Summary of Proportionate Results by Quarter
Summary of Proportionate Results by Quarter The following table presents our proportionate results from operations for the six most recent quarters: 2025 2024 US$ millions, unaudited Q2 Q1 Q4 Q3 Q2 Q1 Revenues $ 2,612 $ 2,618 $ 3,000 $ 3,308 $ 3,639 3,524 Direct operating costs (2,236) (2,208) (2,56
Slide 25: Segment Reconciliation – Three Months Ended June 30, 2025
Segment Reconciliation – Three Months Ended June 30, 2025 Proportionate Operating Results to Consolidated Operating Results Attributable to Unitholders Business Infrastructure Corporate Attributable As per IFRS For the three months ended June 30, 2025 US$ millions, unaudited Services Services Indust
Slide 26: Segment Reconciliation – Three Months Ended June 30, 2024
Segment Reconciliation – Three Months Ended June 30, 2024 Proportionate Operating Results to Consolidated Operating Results Attributable to Unitholders Business Infrastructure Corporate Attributable As per IFRS For the three months ended June 30, 2024 US$ millions, unaudited Services Services Indust
Slide 27: Segment Reconciliation – Six Months Ended June 30, 2025
Segment Reconciliation – Six Months Ended June 30, 2025 Proportionate Operating Results to Consolidated Operating Results Attributable to Unitholders Business Infrastructure Corporate Attributable As per IFRS For the six months ended June 30, 2025 US$ millions, unaudited Services Services Industrial
Slide 28: Segment Reconciliation – Six Months Ended June 30, 2024
Segment Reconciliation – Six Months Ended June 30, 2024 Proportionate Operating Results to Consolidated Operating Results Attributable to Unitholders Business Infrastructure Corporate Attributable As per IFRS For the six months ended June 30, 2024 US$ millions, unaudited Services Services Industrial
Slide 29: Proportionate Statements of Financial Position
Proportionate Statements of Financial Position Proportionate Financial Position to Consolidated Financial Position As at June 30, 2025 December 31, 2024 Attributable to Attributable to As per IFRS Attributable to Attributable to As per IFRS US$ millions, unaudited Unitholders Others Financials Unith
Slide 30: Reconciliation of Non-IFRS Measures to IFRS Measures
Reconciliation of Non-IFRS Measures to IFRS Measures Total Equity Reconciliation to Equity Attributable to Unitholders As at June 30, December 31, US$ millions, unaudited 2025 2024 Total equity $ 15,321 $ 17,308 Less: Preferred securities 740 740 Less: Interest of others in operating subsidiaries 9,
Slide 31: Definitions
Definitions • Adjusted EBITDA is a non-IFRS measure of operating performance presented as net income and equity accounted income at the partnership’s economic ownership interest in consolidated subsidiaries and equity accounted investments, respectively, excluding the impact of interest income (expe