Brookfield Infrastructure Partners Lp Limited Partnership · NYSE:BIP
Brookfield Infrastructure Partners Lp Limited Partnership — Brookfield Infrastructure Partners — IPO Roadshow (November 2016)
12 slides from Brookfield Infrastructure Partners Lp Limited Partnership's IPO roadshow presentation, Nov 28, 2016
Slide 1: Important Notice
IMPORTANT NOTICE 2 DISCLAIMER This presentation has been prepared for informational purposes only from information supplied by Brookfield Infrastructure and from third-party sources indicated herein. Such third-party information has not been independently verified. Brookfield Infrastructure makes no
Slide 2: Important Notice (continued)
IMPORTANT NOTICE (continued) IMPORTANT NOTE REGARDING NON-IFRS FINANCIAL MEASURES To measure performance we focus on net income as well as funds from operations (“FFO”), adjusted funds from operations (“AFFO”) and adjusted EBITDA, which we refer to throughout this presentation. We define FFO as net
Slide 3: Brookfield Infrastructure – Overview
Brookfield Infrastructure – Overview 4 We are one of the largest, globally diversified infrastructure owners in the world with operations in North and South America, Asia Pacific and Europe Our assets are comprised of critical and diverse infrastructure networks over which energy, water, goods, peop
Slide 4: BIP has been a strong performer over the last eight years
BIP has been a strong performer over the last eight years 5 Track record of creating wealth for unitholders with strong annual growth Strong Unit Performance Annualized Total Return4 (As at November 24, 2016) 1-Year 5-Year Since Inception BIP (NYSE) 24% 20% 18% BIP (TSX) 28% 26% 27% S&P 500 8% 16% 7
Slide 5: 2016 has been another successful year for the business
2016 has been another successful year for the business 6 Reflecting progress on executing our long-term strategy: Build out of key operating groups Continued to expand operating groups – most significant being the execution of Brazilian transmission strategy that we set out as key focus for the grou
Slide 6: Summary of Offering and Use of Proceeds
Use of Proceeds Amount Additional 8% interest in NTS1 $375 Brazilian electricity transmission projects2 200 2017 capital backlog 250 Total proceeds $825 Summary of Offering and Use of Proceeds 7 Raising $750 million of equity $825 million if full overallotment is exercised (In millions, except where
Slide 7: Brazil Gas Transmission Utility
Brazil Gas Transmission Utility 8 A Brookfield-led consortium has agreed to acquire 90% of Nova Transportadora do Sudeste (‘NTS’), a fully regulated 2,048 km natural gas transmission system serving Brazil’s southeast for $5.2 billion BIP to acquire a 28% stake for ~$1.2 billion NTS is an opportunity
Slide 8: Brazil Electrical Transmission Utility
Brazil Electrical Transmission Utility 9 Brookfield has identified Brazilian electrical transmission as a high priority roll-up investment strategy Numerous investment opportunities and limited competition Attractive AFFO yield and inflation-linked FFO will further enhance BIP’s overall cash flow pr
Slide 9: Robust Capital Backlog
Robust Capital Backlog 10 Our capital backlog consists of projects that have been awarded to us and ones that we have committed to or have filed with regulators that we expect will be commissioned in the next 2-3 years1 Breakdown by operating group as follows: (in U.S. millions) Total Projected 2017
Slide 10: Pro Forma Offer
Pro Forma Offer 11 US$ billions Amount Corporate liquidity1 at Sept 30/16 $ 2.3 Disclosed Transactions Sale of Ontario Transmission business 0.2 Proceeds from equity issuance* 0.8 Acquisition of NTS (1.2) Brazil Transmission investment and growth capex (0.5) Available liquidity to pursue additional
Slide 11: Attractive Outlook For Our Business
Attractive Outlook For Our Business 12 Near Term Expected near-term growth from: Commissioning of ~$1.5 billion of capital backlog over the next 12-18 months Contribution from $660 million of capital recently deployed into acquisitions New investments of >$1.4 billion into Brazilian gas and electric
Slide 12: Attractive Outlook For Our Business
Attractive Outlook For Our Business Near Term Expected near-term growth from: Commissioning of ~$1.5 billion of capital backlog over the next 12-18 months Contribution from $660 million of capital recently deployed into acquisitions New investments of >$1.4 billion into Brazilian gas and electricity
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