Brookfield Asset Management Inc · NYSE:BAM
Brookfield Asset Management — Investor Presentation (February 2025)
37 slides from Brookfield Asset Management's investor presentation, February 2025
Slide 1: Brookfield Asset Management Investor Presentation
Brookfield Asset Management Investor Presentation February 2025
Slide 2: A leading pure-play global asset manager
Brookfield Asset Management is a leading pure-play global asset manager 1. Strong fundraising capabilities 2. Positioned in fast-growing sectors with long-term tailwinds 3. Best-in-class transaction execution and operational capabilities 4. Track record of delivering attractive risk-adjusted returns
Slide 3: Company Overview
Company Overview 3
Slide 4: Brookfield Asset Management today
Brookfield Asset Management today A leading global asset manager NYSE / TSX: BAM $1T+ Approaching $100B current market cap $2.5B 2024 fee-related earnings $539B fee-bearing capital Assets Under Management Over 2,500 asset management employees globally and ~250,000 operating employees 125-year histor
Slide 5: Brookfield Asset Management – Structure
Brookfield Asset Management – Structure Brookfield Asset Management (BAM) Manages over $1 trillion of assets within long-term private funds, perpetual strategies, permanent capital vehicles, and liquid products, across five key verticals: Renewable Power Infrastructure Private Equity Real Estate Cre
Slide 6: Our business model is simple and effective
Our business model is simple and effective Our structure provides access to all major pools of capital and provides a range of investors with a tailored approach to meet their objectives Investing in attractive, Fundraising channels durable asset classes • Institutional Brookfield Transition Capital
Slide 7: Strong culture built on 125-year history as owner-operator
Strong culture built on Brookfield’s 125-year history as an owner-operator Our values Disciplined Entrepreneurial Collaborative Our approach Owner-Operators Long Term View Focus on Operational Excellence 7
Slide 8: The Brookfield Ecosystem provides unparalleled insights
The Brookfield Ecosystem provides unparalleled insights 30+ Countries 300+ Hospitality Housing Logistics & Self-Storage Energy Transition Portfolio companies Mixed Use, Retail & Entertainment Solar Benefits of the Business Services Brookfield Ecosystem Utilities Helps us identify themes and trends,
Slide 9: Sustainable Growth Model
Sustainable Growth Model 9
Slide 10: Brookfield Asset Management's sustainable growth model
Brookfield Asset Management’s sustainable growth model 1 2 3 4 Generating Pick good Raise Invest Operate excellent sectors capital wisely well risk-adjusted Well-positioned + Longstanding + Assess opportunities + Invest with an = returns in fast growing partnerships with to build or buy Owne
Slide 11: Major tailwinds for alternatives, with more to come
The past 20 years have seen major tailwinds for alternatives… and there is much more to come Key growth drivers 2002 Today 2032E • Global AUM growth • Institutional investors $60T+ increasing allocations to alternatives Alternatives AUM • Investors consolidating their exposure to the $25T 20%+ large
Slide 12: Focused on the Backbone of the Global Economy
We are focused on the Backbone of the Global Economy Digitalization Decarbonization Deglobalization Our assets live at the epicenter of these decades-long megatrends Trillions of dollars will need to be invested as the world adapts to paradigm shifts 12
Slide 13: Growing sources of capital while expanding into new ones
We are growing our sources of capital while expanding into new ones New Sources of Capital: Tremendous Growth • Insurance Solutions • Private Wealth • Manager Acquisitions • Strategic Partnerships Existing Sources of Capital: More to Do • Institutional Investors • Public Markets 13
Slide 14: Unique and diverse pools of capital support fundraising growth
Unique and diverse pools of capital support our fundraising growth 300+ Client & Marketing Professionals BAM’s fundraising Institutional Investors differentiators 2,200+ Institutional Relationships Breadth and specialization – at the same time $15B+ Annual inflows from Brookfield Insurance Solutions
Slide 15: Leadership positions set us up to outgrow the market
Our leadership positions set us up to outgrow the market We have positioned ourselves as a leader within our sectors of focus across the Brookfield Ecosystem Renewable Power Infrastructure Private Equity Real Estate Credit & Transition Largest global Leading infrastructure Best-in-class PE One of th
Slide 16: Competitive advantages across all our business groups
Competitive advantages across all our business groups Scale and Global Sourcing Owner-Operator Access to Leveraging the Footprint Capabilities History Debt Capital Brookfield Ecosystem 16
Slide 17: We are consistently expanding our capabilities
We are consistently expanding our capabilities Sometimes we build Sometimes we buy Example: Renewables expertise... Example: Expanding our credit platform by adding Oaktree... Renewable Power & Transition FBC ($B) $64 25% CAGR $21 2018 2024 …growing into energy transition …enabled further growth • F
Slide 18: We partner with leading managers to expand our capabilities
We partner with leading managers to expand our capabilities 2021 2023 2019 2022 2024 18
Slide 19: Business Group Overview
Business Group Overview 19
Slide 20: Renewable Power & Transition – Overview
Renewable Power & Transition – Overview Brookfield is a leading owner, operator and developer of renewable energy and decarbonization technology $126B $58B 93 Large footprint, extensive experience and substantial deal pipeline Unsurpassed capabilities, relationships and Assets Under Management F
Slide 21: Infrastructure – Overview
Infrastructure – Overview Brookfield is one of the world’s largest infrastructure investors, owners and operators $202B $97B 127 Ideally positioned at the epicenter of the global secular trends of deglobalization, decarbonization and digitalization Operational expertise and institutional knowled
Slide 22: Private Equity – Overview
Private Equity – Overview Brookfield is one of the most experienced private equity investors globally $145B $45B 171 Global sourcing engine Experienced team with local operating expertise Assets Under Management Fee-Bearing Capital Investment Professionals Value creation through operational im
Slide 23: Real Estate – Overview
Real Estate – Overview Brookfield is one of the largest real estate investors with a diversified portfolio in the world’s most well-established markets $271B $94B 295 Scale, relationships, operating expertise Assets well positioned to weather market cycles and Assets Under Management Fee-Bearing
Slide 24: Credit – Overview
Credit – Overview Brookfield’s credit strategies include our longstanding private credit and direct lending funds and our partnerships with leading credit managers Marquee partnerships with leading credit managers $317B $245B 647 Cycle-tested platform Extensive lending capabilities Assets Unde
Slide 25: Financial Performance and Growth Targets
Financial Performance and Growth Targets 25
Slide 26: Results demonstrate stability, predictability and growth of earnings
Our results demonstrate the stability, predictability and growth of our earnings 15% CAGR $2,281 $2,194 $1,975 $500 $2,000 $1,643 $514 $400 $1,345 $440 $1,500 $392 $300 $325 $1,000 $277 $200 $500 $100 $0 $0 2020 2021 2022 2023 2024 LTM Periods as of June 30, 2024 FBC ($B) FRE ($M) …and should contin
Slide 27: We have delivered strong results over the long term
We have delivered strong results over the long term Fund Gross IRR Net IRR Infrastructure / Renewable Power 15% 12% Private Equity 27% 21% Real Estate 21% 17% Opportunistic Credit 22% 16% Transition n.m. n.m. ~$225 billion of profits generated for investors over the past 30 years See Notice to Recip
Slide 28: How we will generate future growth
How we will generate future growth Strategies Enhancing Diversifying & Scaling Building & Buying Fundraising Channels Product Offerings New Businesses Sectors Energy Transition AI Infrastructure Private Credit 28
Slide 29: Growth driven across all business groups
Growth is driven across all our business groups, as our long-term or permanent capital base continues to grow 2024 2029 $58 $110 $160 $244 87% $99 Growing 92% Long Term or To $590 Long Term or Permanent $90 Permanent Capital $44 Capital $140 $94 $539B $1.1T Fee-Bearing Capital Fee-Bearing Capital Re
Slide 30: Growth in fee-bearing capital and carried interest will propel earnings
Growth in fee-bearing capital and carried interest will propel earnings 2024 17% 2029 2024 18% 2029 CAGR CAGR FRE per share DE per share With a projected ~95% payout ratio, the plan supports 15%+ annual dividend growth 30
Slide 31: With further upside in carried interest
With further upside in carried interest We are steadily growing our carried interest base with realizations beginning to impact earnings in 2029, creating the second leg of growth Gross Carried Interest to BAM ~$2B Growing To ~$7B Estimated Realizations Estimated Realizations in 2029 in 2034 See Not
Slide 32: We have a solid balance sheet
We have a solid balance sheet Strong liquidity is a top priority $1.8B Zero >$5B Corporate Liquidity Third-party Debt Future Debt Capacity at Very High-Grade Ratings We have thoughtfully built our balance sheet to support future growth 32
Slide 33: The best is yet to come for BAM
The best is yet to come for BAM 1. Leading pure-play global asset manager Long-term growth targets 5-year CAGR By 2029 2. Strong fundraising capabilities 3. Positioned in fast-growing sectors with FBC 16% $1.1T long-term tailwinds 4. Best-in-class transaction execution and operational capabilities F
Slide 34: Appendix
Appendix 34
Slide 35: Senior management team
Senior management team Bruce Flatt Connor Teskey Justin Beber Hadley Peer Marshall CEO, Brookfield Asset President, Brookfield Asset Chief Operating Officer Chief Financial Officer, Management Management; CEO Renewable Brookfield Asset Management Power & Transition and Managing Partner, Infrastructu
Slide 36: Notice to Readers
Notice to Readers Brookfield Asset Management Ltd. is not making any offer or invitation of Although Brookfield Asset Management Ltd. believes that such forward- securities regulators in the United States and Canada. any kind by communication of this Investor Presentation and under no looking statem
Slide 37: Notice to Readers (cont'd)
Notice to Readers (cont’d) STATEMENT REGARDING PAST AND FUTURE PERFORMANCE AND TARGET RETURNS STATEMENT REGARDING USE OF NON-GAAP Past performance is not indicative nor a guarantee of future results. MEASURES There can be no assurance that comparable results will be achieved in the future, that futu
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