Brookfield Business Corporation Class A · TSX:BBUC
Brookfield Business Corporation Class A — IPO Roadshow (August 2021)
9 slides from Brookfield Business Corporation Class A's IPO roadshow presentation, Aug 2, 2021
Slide 1: Brookfield Business Corporation (BBUC) Investor Presentation July 2021
Brookfield Business Corporation (“BBUC”) INVESTOR PRESENTATION JULY 2021
Slide 2: Launching Brookfield Business Corporation (BBUC)
2 Launching Brookfield Business Corporation (“BBUC”) BBUC will be a publicly - listed Canadian corporation structured to be economically equivalent to BBU LP No impact to consolidated financial statements or combined market cap of Brookfield Business Partners Structured to be economically equivalent
Slide 3: BBUC created through an effective unit split
3 BBUC created through an effective unit split BBU unitholders will receive one BBUC share 2 for every two BBU LP units through a special distribution expected to be completed before year - end 2021 1. Subject to stock exchange and regulatory approvals. 2. Fractional shares will not be issued. Inves
Slide 4: BBUC shares intended to have same economics as BBU LP units
4 BBUC shares intended to have same economics as BBU LP units BBUC shares are exchangeable at the option of the holder and are economically equivalent to BBU LP units BBUC (Canadian Corporation) Brookfield Business Partners BBU (Bermuda Limited Partnership) Exchangeable into BBU units at any time Id
Slide 5: Anticipated benefits of a corporate structure
5 Anticipated benefits of a corporate structure 1. Based on preliminary analysis and subject to approval by index committees Broader index inclusion 1 Preferred tax reporting Expanded investor base B BU C LISTED CORPORATION
Slide 6: BBUC expected to have an initial market capitalization of ~$2.3 billion
6 BBUC expected to have an initial market capitalization of ~$2.3 billion No change to the expected combined market capitalization (BBU LP + BBUC) of Brookfield Business Partners (millions) Units/Shares Market Cap 1 Units/Shares Market Cap 1 BBU LP 78.7 $3,612 78.7 $2,408 BBUC ‒ ‒ 74.2 $2,271 REUs 2
Slide 7: Limited impact to BBU's financial statements and reporting
7 Limited impact to BBU’s financial statements and reporting BBU LP, through its control of BBUC, will consolidate BBUC for financial reporting purposes Market Capitalization • No change on a combined basis EBITDA and FFO • No change on a combined basis NAV • No change on a combined basis Distributi
Slide 8: No expected changes to BBU operations
8 No expected changes to BBU operations No incremental tax consequences to BBU No change in management , governance or strategy Immaterial admin istration costs to maintain Minimal incremental financial reporting implications
Slide 9: Important Cautionary Notes
9 Important Cautionary Notes All amounts are in U . S . dollars unless otherwise specified . Unless otherwise indicated, the statistical and financial data in this document is presented as of March 31 , 2021 . CAUTIONARY STATEMENT REGARDING FORWARD - LOOKING STATEMENTS AND INFORMATION Note : This pr