Brookfield Business Corporation Class A · TSX:BBUC
Brookfield Business Corporation Class A — Q2 2026 Earnings Presentation
33 slides from Brookfield Business Corporation Class A's earnings presentation, August 2026
Slide 1: Brookfield Business Corporation Investor Presentation
Brookfield Business Corporation Investor Presentation August 2026
Slide 2: Brookfield Business Corporation
Brookfield Business Corporation Flagship listed vehicle of Brookfield’s private equity group, focused on continuing a long- term track record of compounding strong returns for investors Investing alongside Brookfield’s private equity strategies, executing a consistent playbook developed and refined
Slide 3: Engine for compounding value
Engine for compounding value Acquire good businesses, execute our operational plans to improve performance and recycle capital to continue compounding long-term growth 1 2 3 4 Access to Brookfield’s Invest for value in Utilize in-house Recycle capital to highest returning market-leading operational
Slide 4: Large-scale global operations
Large-scale global operations Integrated team of investment and operating professionals $79B 25+ years ~150 ~57,000 Assets1 Investing Experience Investment Professionals1 Operating Employees1 Europe & Middle North East America $19B Key Sectors $38B Assets Assets Industrials South Business Services A
Slide 5: Focused on transforming vital businesses
Focused on transforming vital businesses Inherently strong compounders of value Market Mission Strong Substantial Durable cash leaders critical margins competitive flows advantages BROOKFIELD.COM 5
Slide 6: Acquiring for value
Acquiring for value Invested ~$10 billion since inception Cumulative Invested Capital1 $10B ~10x Average EBITDA multiple (TTM) at acquisition 2 $1B 2017 2021 Today BROOKFIELD.COM 6 Refer to endnotes at the end of this presentation.
Slide 7: Leveraging Brookfield's value creation Playbook
Leveraging Brookfield’s value creation Playbook Repeatable and proven approach to operational value creation Value Investor Operational Improvement • Complexity • Organizational design • Contrarian • Commercial execution • Market dislocation • Strategic positioning • Out of favor • Digitalization BR
Slide 8: Driving meaningful long-term growth in value
Driving meaningful long-term growth in value Net asset value per share has doubled in five years Net Asset Value Per Share1,2 $54 2x $28 2020 2025 BROOKFIELD.COM 8 Refer to endnotes at the end of this presentation.
Slide 9: Shares trade at a significant discount to intrinsic value
Shares trade at a significant discount to intrinsic value Value of BBUC Per Share3,4 $54 80% $30 2 Trading Price 1 Net Asset Value BROOKFIELD.COM 9 Refer to endnotes at the end of this presentation.
Slide 10: Continuing a strong track record of realized returns
Continuing a strong track record of realized returns Realized ~$9 billion of proceeds since inception of BBUC Cumulative Realized Proceeds1 ~$9B 100% Aggregate realized value in line with NAV2 ~$0.2B 2017 2021 Today Targeting $2 billion of proceeds over the next two years BROOKFIELD.COM 10 Refer to
Slide 11: Recent business developments
Recent business developments Generated over $1.2 billion of capital recycling proceeds since the start of the year, highlighted by the announced sale of Multiplex, our construction operation, for approximately $650 million (including $530 million of upfront cash proceeds and an earn-out based on fut
Slide 12: Business Operations and Financial Position
Business Operations and Financial Position
Slide 13: Diversified operations
Diversified operations Industrials and services operations generating overall annual Adjusted EBITDA of $2.4 billion1 and Adjusted EBITDA margin of ~24%2 Business Services Infrastructure Services Industrials Essential services leveraging Leading providers of services and Operationally intensive oper
Slide 14: Market-leading operations
Market-leading operations Business Services Largest private residential mortgage Leading technology and software insurer in Canada operating in an provider to North American auto dealers oligopoly Infrastructure Services One of three global providers of lottery Leading European modular space service
Slide 15: Strong financial position to support our growth initiatives
Strong financial position to support our growth initiatives $2.8B 5.9 years Pro Forma Corporate Weighted Average Maturity Liquidity of Debt Outstanding 100% 70% Non-Recourse Non-Recourse Borrowings at our Borrowings Fixed, Operations Hedged or Naturally Hedged BROOKFIELD.COM 15 Refer to endnotes at
Slide 16: Balanced capital allocation priorities
Balanced capital allocation priorities Opportunistically Reduce corporate Reinvest in our Strategically deploy repurchase shares borrowings operations capital into new acquisitions BROOKFIELD.COM 16
Slide 17: Sustainability principles
Sustainability principles Embedded throughout our operations to ensure the long-term viability of our business Reducing Emissions Supporting a Broad Talent Pool Our advanced energy storage Our dealer software and technology Mitigate the impact operation launched IdleLess, a services operation develo
Slide 18: Appendix I: Select Transactions
Appendix I: Select Transactions BROOKFIELD.COM 18
Slide 19: Case study: Manufacturer of electric heat tracing systems
Case study: Manufacturer of electric heat tracing systems Leading provider of industrial electric heat management solutions Business Overview • Carve-out of a leading provider of essential electric heat management $1.7B $212M Purchase BBU Invested solutions globally benefiting from long-term secular
Slide 20: Case study: Digital payment processor
Case study: Digital payment processor Leading provider of technology-enabled payment solutions Business Overview ~$3B $224M • Combination of Network International with our existing payment Purchase BBU Invested processor, Magnati, created the leading payment processing business in Price Capital the
Slide 21: Case study: Nuclear technology services
Case study: Nuclear technology services Leading services provider to the global nuclear power fleet Investment Thesis $4B $405M • Essential provider of engineering, maintenance and repair services, and Purchase BBU Invested highly engineered fuel with a large installed base and long-term Price Capit
Slide 22: Appendix II: Select Financial Disclosures
Appendix II: Select Financial Disclosures BROOKFIELD.COM 22
Slide 23: Our operations
Our operations Economic ownership interest in our significant operations Economic Ownership Segment Description Select Operations Interest Residential Mortgage Insurer (“Sagen”) 41% Service businesses including residential mortgage insurance, dealer software and Dealer Software and Technology Servic
Slide 24: Significant acquisitions since inception
Significant acquisitions since inception Summary of significant acquisitions completed since inception in June 2016: Segment Operations Acquisition Date Invested Capital (1) Economic Ownership Interest (2) Unidas July 2019 $209 million 35% Sagen December 2019 $855 million 41% La Trobe May 2022 $212
Slide 25: Selected financial information
Selected financial information Statements of Operating Results by Segment Three Months Ended Trailing Twelve Months Ended June 30, June 30, US$ Millions, unaudited 2026 2025 2026 2025 Adjusted EBITDA by segment Business Services $ 204 $ 205 $ 817 $ 863 Infrastructure Services 96 109 409 519 Industri
Slide 26: Selected financial information
Selected financial information Corporate Liquidity As at US$ Millions, unaudited June 30, 2026 December 31, 2025 Corporate cash and marketable securities $ 39 $ 88 Committed corporate credit facilities 1,815 2,020 Committed preferred equity securities 25 25 Total liquidity $ 1,879 $ 2,133 Statements
Slide 27: Corporation Capital
Corporation Capital As at Shares Outstanding1 June 30, 2026 December 31, 2025 Class A Shares 205,442,014 208,398,125 Class B Shares 4 4 Special Shares 4 4 Total outstanding 205,442,022 208,398,133 Corporation Capital Structure2 As at US$ Millions (except price and share amount), unaudited June 30, 2
Slide 28: Appendix III: Structure and Governance
Appendix III: Structure and Governance BROOKFIELD.COM 28
Slide 29: Governance and corporate structure
Governance and corporate structure Strong alignment of interests Brookfield 1 • Brookfield Corporation (BN) and Brookfield Wealth Solutions (BWS) hold a ~69%1 interest in Brookfield Business Corporation ‒ Strong shareholder alignment, with an emphasis on total return through a base management fee an
Slide 30: Brookfield Business Corporation
Brookfield Business Corporation Senior Management Team Anuj Ranjan Chief Executive Officer Jaspreet Dehl Chief Financial Officer Adrian Letts Global Head of Operations Cyrus Madon Executive Chairman Investor Relations Contact Alan Fleming Managing Director, Investor Relations North America 1-866-989
Slide 31: Endnotes
Endnotes Note: Figures throughout this Investor Presentation are rounded for cash equivalents, corporate borrowings, preferred equity securities for the twelve-month period ended December 31, 2024. Exit presentation purposes. and operating company debt, as applicable. represents forward-looking illu
Slide 32: Definitions
Definitions • Adjusted EBITDA is a non-IFRS measure of operating performance presented as net income and equity accounted income at the Corporation's economic ownership interest in consolidated subsidiaries and equity accounted investments, respectively, excluding the impact of interest income (expe
Slide 33: Important Cautionary Notes
Important Cautionary Notes All amounts in this Investor Presentation are in U.S. dollars unless limited to, the following: the cyclical nature of our operating businesses achievements of Brookfield Business Corporation to be materially different otherwise specified. Unless otherwise indicated, the s