Brookfield Infrastructure Partners Lp Limited Partnership · NYSE:BIP
Brookfield Infrastructure Partners Lp Limited Partnership — Brookfield Infrastructure Partners — Investor Day (2026)
54 slides from Brookfield Infrastructure Partners Lp Limited Partnership's investor day presentation, 2026
Slide 1: Brookfield Infrastructure Partners
Brookfield Infrastructure Partners
Slide 2: The Inflection is Underway
The Inflection is Underway The Advantage of Scale Building the Backbone of Artificial Intelligence More Ways to Grow, More Ability to Choose Closing Remarks and Q&A
Slide 3: The Inflection is Underway
The Inflection is Underway Sam Pollock Chief Executive Officer, Infrastructure
Slide 4: Our full-cycle business strategy remains the foundation for driving 10%+ FFO per unit growth
Our full-cycle business strategy remains the foundation for driving 10%+ FFO per unit growth Maintain a strong Deploy capital at or above Crystallize value financial position 12–15% target returns through capital recycling BROOKFIELD.COM 4
Slide 5: Last year, we said our FFO per unit growth was at an inflection point
Last year, we said our FFO per unit growth was at an inflection point BROOKFIELD.COM 5
Slide 6: Results this year showcase that our inflection is underway
Results this year showcase that our inflection is underway FFO per unit CAGR 14% Since inception 10% 10% 7% 2020–2022 2023–2025 Q2 2026 YTD BROOKFIELD.COM 6
Slide 7: We are well on the way to achieving our goals for the year
We are well on the way to achieving our goals for the year BROOKFIELD.COM 7
Slide 8: Achieved 10% FFO per unit growth Q2 year-to-date, while maintaining a strong financial position
Achieved 10% FFO per unit growth Q2 year-to-date, while maintaining a strong financial position $ 2.6B BBB+ 65% ~ Available corporate Investment-grade ratings Payout ratio liquidity from two agencies BROOKFIELD.COM 8
Slide 9: On track to deploy over $2 billion this year
On track to deploy over $2 billion this year… Semiconductor foundries Growth capital backlog New investments $ 300M $ 600M $ 500M Secured $1.4 billion of growth investment on a Q2 year-to-date basis BROOKFIELD.COM 9
Slide 10: …at returns that exceed historical levels
…at returns that exceed historical levels Infrastructure supercycle AI infrastructure 15%+ Average expected return on capital deployed Scale and competitive moat BROOKFIELD.COM 10
Slide 11: On track to secure over $2 billion of asset sales this year
On track to secure over $2 billion of asset sales this year Indian North American U.S. colocation Brazilian electricity telecom towers hyperscale data centers data centers transmission 16% IRR 20% IRR $ 1B+ IPO 44% IRR Secured $1.4 billion1 of asset sale proceeds year-to-date 1. Excludes $360M of ne
Slide 12: Our simplification creates a larger, more liquid security
Our simplification creates a larger, more liquid security BIP L.P. BIPC BIP Inc. January 2008 March 2020 July 21, 2026 October 14, 2026 Q4 2026 BIP listed as a BIPC created Announced Securityholder votes Expected close partnership simplification BIP Inc. > BIP + BIPC ~ 2X ~$ 30B Trading liquidity Ma
Slide 13: The strength of our base business, combined with increased investment, is expected to drive FFO per unit growth higher
The strength of our base business, combined with increased investment, is expected to drive FFO per unit growth higher BROOKFIELD.COM 13
Slide 14: The avenues for capital deployment have never been stronger
The avenues for capital deployment have never been stronger M&A and corporate AI Organic partnerships infrastructure growth BROOKFIELD.COM 14
Slide 15: The Advantage of Scale
The Advantage of Scale Scott Peak President, Infrastructure
Slide 16: Setting the stage
Setting the stage Scale is a prerequisite BIP is a leading Global infrastructure for success corporate partner demand is accelerating BROOKFIELD.COM 16
Slide 17: The infrastructure opportunity set has doubled in 10 years
The infrastructure opportunity set has doubled in 10 years AI infrastructure $100T+ Other infrastructure Digital infrastructure Energy & power Transportation 2026 & logistics Global ~$50T infrastructure investment forecast1 2016 Global infrastructure investment forecast1 1. Source: McKinsey & Compan
Slide 18: We are uniquely positioned for outperformance in this environment
We are uniquely positioned for outperformance in this environment Business + Operational + Corporate = Long-term scale capabilities relationships deployment visibility BROOKFIELD.COM 18
Slide 19: Most infrastructure opportunities stem from leading global corporates…
Most infrastructure opportunities stem from leading global corporates… Prerequisites BIP Large-scale capital Joint ventures Operating expertise Corporates Carve-outs Brand reputation Governments Strategic partnerships Relevant asset portfolio Take privates Proven asset management BROOKFIELD.COM 19
Slide 20: Consequently, we have a market-leading corporate partnership resume
Consequently, we have a market-leading corporate partnership resume 2016 2019 2020 2020 2022 $6B $2B $14B $6B $30B 2023 2025 2026 2026 2026 $19B $1B $6B $4B $25B Note: Dollar amounts represent either enterprise value or framework size, where applicable BROOKFIELD.COM 20
Slide 21: Our scale is impressive…
Our scale is impressive… Operating breadth $ 200B+ Assets under management 57,000+ Operating employees 50+ Portfolio companies Global reach 12 Corporate offices 320+ Professionals 15+ Countries with operations Transaction experience ~$ 75B Equity deployed1 100+ Acquisitions & divestitures1 ~$ 20B Pr
Slide 22: …but what corporates truly value sits below the surface
…but what corporates truly value sits below the surface Utilities Midstream Data Transport $47B AUM $40B AUM $82B AUM $41B AUM 3,500 km 280 bcf 309,000 36,300 km natural gas pipelines natural gas storage telecom towers rail 1,900 km 5.6 bcf/d 155,000 km 120,000 electricity transmission lines process
Slide 23: As our average investment size has grown, so too have our average returns
As our average investment size has grown, so too have our average returns BROOKFIELD.COM 23
Slide 24: Bigger deals…more avenues for growth and outperformance
Bigger deals…more avenues for growth and outperformance Build strong leadership Drive margin Enhance contracting and organizations improvement revenue growth Execute accretive Optimize Position the business for capex projects capital structure future exit optionality BROOKFIELD.COM 24
Slide 25: We are a trusted custodian with proven operational capabilities
We are a trusted custodian with proven operational capabilities Global intermodal logistics U.S. bulk fiber U.S. refined products pipeline Expand homebuilder Bolt-on acquisitions Expand blending & marketing partnerships Lease & financing optimization Integrate Brookfield ecosystem Cost optimization
Slide 26: Our infrastructure business scale has evolved with the market
Our infrastructure business scale has evolved with the market Marquee businesses—often acquired on a value basis—continue to grow Enterprise value $B Intel Bloom IPL Triton $9 Colonial G&W Home- Hotwire Siemens $6 Serve NTS Altius DFMG Data4 Michigan Rail North- Enercare $3 River Sabine Compass TDF
Slide 27: Increasing our annual deployment…and average returns
Increasing our annual deployment…and average returns $ 300M Average BIP equity deployed per deal $ 600M Average BIP equity deployed per deal @ @ 12-15% Average target return on capital deployed 15%+ Average target return on capital deployed 2015–2020 2021–2026 BROOKFIELD.COM 27
Slide 28: Key takeaways
Key takeaways BIP is ideally positioned for opportunistic investment Our scale establishes us as a leading infrastructure corporate partner Our businesses’ returns are growing beyond initial underwriting We continue to expect investment returns above our stated targets BROOKFIELD.COM 28
Slide 29: Panel: Building the Backbone of AI
Panel: Building the Sam Pollock CEO (Moderator) Backbone of AI Sikander Rashid Global Head of AI Infrastructure Lief Williams Managing Director, AI Infrastructure
Slide 30: The AI infrastructure opportunity set exceeds $7T by 2035
The AI infrastructure opportunity set exceeds $7T by 20351 Compute infrastructure AI factories Power & transmission Strategic adjacencies Current BIP investments Future opportunities 1. Brookfield estimate BROOKFIELD.COM 30
Slide 31: Compute infrastructure
Compute infrastructure Owns and leases high-performance compute infrastructure Investment attributes Framework size 5-year opportunity 10B 2B Take-or-pay contracts Investment-grade counterparties ~$ ~$ Limited or no technology risk Enterprise value Total expected equity investment Attractive returns
Slide 32: AI factories
AI factories Purpose-built AI data centers, supporting sovereign compute and hyperscale workloads Investment attributes Framework size 5-year opportunity Growing government 50B 10B commitments to domestic AI capacity ~$ ~$ Long-term contracts with highly creditworthy counterparties Enterprise value
Slide 33: AI factories
AI factories In-progress investment pipeline 1.2GW Compute capacity potential Paducah, United States 1.1GW Compute capacity potential Keephills, Canada BROOKFIELD.COM 33
Slide 34: Power & transmission
Power & transmission Strategic partnership to deploy behind-the-meter power for data centers and AI factories Investment attributes Framework size 5-year opportunity 25B 5B Proven, highly reliable fuel cell technology Fast time to power in constrained ~$ ~$ markets Enterprise value Total expected Lo
Slide 35: Applying disciplined underwriting to AI
Applying disciplined underwriting to AI High barriers to entry Essential services Strong counterparties Contracted revenues High operating margins Limited or no technology risk BROOKFIELD.COM 35
Slide 36: Key takeaways
Key takeaways The AI infrastructure investment cycle is rapidly accelerating We are well positioned to invest in the AI backbone at attractive returns This represents a scalable, multi-year deployment opportunity BROOKFIELD.COM 36
Slide 37: More Ways to Grow, More Ability to Choose
More Ways to Grow, More Ability to Choose David Krant Chief Financial Officer
Slide 38: The three main avenues of growth investment
The three main avenues of growth investment Traditional M&A AI infrastructure Organic growth capital BROOKFIELD.COM 38
Slide 39: Traditional M&A has been our largest deployment channel
Traditional M&A has been our largest deployment channel 2017–2019 2020–2022 2023–2025 Equity-funded growth capex $0.4B $0.5B $0.6B Traditional M&A $1.5B $2.1B $1.6B Average annual growth investment $1.9B $2.6B $2.2B M&A has accounted for approximately 80% of our average annual growth investment BROO
Slide 40: Deploy approximately $500M annually into AI infrastructure
Deploy approximately $500M annually into AI infrastructure Power & transmission AI factories Compute Framework size (EV) ~$25B ~$50B ~$10B Deployment cycle 1-2 years 3-4 years < 1 year Expected total equity (5 years) ~$5B ~$10B ~$2B Expected BIP equity1 (5 years) ~$750M ~$1B ~$400M Average annual in
Slide 41: Organic projects are our largest source of 2026 deployment
Organic projects are our largest source of 2026 deployment Q2 2026 YTD % Equity-funded growth capex $0.6B ~45% Intel equity funding $0.3B ~20% Traditional M&A1 $0.5B ~35% Total growth investments ~$1.4B We are on track to deploy over $2 billion in growth initiatives in 2026 1. Includes both invested
Slide 42: …which generates some of our most attractive risk-adjusted investment opportunities
…which generates some of our most attractive risk-adjusted investment opportunities Lower risk Less competition Strong returns BROOKFIELD.COM 42
Slide 43: Our backlog stands at an all-time high
Our backlog stands at an all-time high 2x $6B1 +33% ~$4B ~$3B 2021 Investor Day Target 2024 Actual Q2 2026 (Next 2-3 Years) 1. Excludes $2 billion of capital yet to be funded for our semiconductor facility in Arizona BROOKFIELD.COM 43
Slide 44: …and we will continue to replenish and grow our backlog
…and we will continue to replenish and grow our backlog Our disclosed backlog includes only fully commercialized, approved projects currently under construction Early-stage opportunities $15B+ Site selection, internal diligence, customer discussions Planning & commercialization ~$9B Site acquired, p
Slide 45: Our scale and the expanding opportunity set allow us to invest a significant amount of capital
Our scale and the expanding opportunity set allow us to invest a significant amount of capital BROOKFIELD.COM 45
Slide 46: We now have more channels for growth investment…
We now have more channels for growth investment… Traditional M&A AI infrastructure Organic growth $1.0B–$2.0B ~$500M $500M–$1.0B ~$2.0B–$3.0B Annual growth investment target BROOKFIELD.COM 46
Slide 47: …which allow us to selectively deploy at higher target returns
…which allow us to selectively deploy at higher target returns Traditional M&A AI infrastructure Organic growth 15%+ 17%+ 15%+ Impact on our growth outlook Investment amount Target returns Per unit growth 15% 5% $2.0B 17% 6% 15% 6% $3.0B 17% 8% BROOKFIELD.COM 47
Slide 48: Combined with inflationary benefits, these investments should help deliver FFO per unit growth
Combined with inflationary benefits, these investments should help deliver FFO per unit growth at or above our target range… 2–4% 12%+ Higher returns ~5% 10%+ and/or deployment Invest $2.0B at 15% 1–2% returns Investment Target upside 3–4% Volume growth growth Inflationary indexation We are on track
Slide 49: ...and continue our 17-year track record of distribution increases
...and continue our 17-year track record of distribution increases 9% Distributions per unit CAGR $1.82 $0.42 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026F 1 1. 2026 distribution is based on Q2 2026 YTD distributions annualized BROOKFIELD.COM 49
Slide 50: Key takeaways
Key takeaways Organic growth is at record levels Our scale makes us a partner of choice AI infrastructure is providing opportunities at attractive risk-adjusted returns Our growth rate is in the early stages of inflection BROOKFIELD.COM 50
Slide 51: Closing Remarks and Q&A
Closing Remarks and Q&A Sam Pollock Chief Executive Officer, Infrastructure
Slide 52: Attractive entry point for BIP investors
Attractive entry point for BIP investors >5% dividend Accelerating Simpler corporate yield growth rate structure BIP remains the go-to grow-tility! BROOKFIELD.COM 52
Slide 53: Q&A
Q&A
Slide 54: Notice to Recipients
Notice to Recipients All amounts are in U.S. dollars unless otherwise specified. Unless otherwise indicated, the statistical and financial data in this presentation is presented as of June 30, 2026. DISCLAIMER This presentation has been prepared for informational purposes only from information suppl
Brookfield Infrastructure Partners — Investor Day (2026) on 6ix