Brookfield Infrastructure Corporation Class A · TSX:BIPC
Brookfield Infrastructure Corporation Class A — Investor Presentation (November 2021)
18 slides from Brookfield Infrastructure Corporation Class A's investor presentation, Nov 12, 2021
Slide 1: Presentation to Investors, November 10, 2021
Brookfield Infrastructure Partners PRESENTATION TO INVESTORS NOVEMBER 10, 2021 Final base shelf prospectuses and registration statements (including prospectuses) containing important information relating to the securities described in this document have been filed by each of Brookfield Infrastructur
Slide 2: Important Notice
2 Important Notice DISCLAIMER This presentation has been prepared for informational purposes only from information supplied by Brookfield Infrastructure Pa rtn ers L.P. (“BIP”) and Brookfield Infrastructure Corporation (“BIPC”, and together with BIP, “Brookfield Infrastructure”, “we” or “our”) and f
Slide 3: Important Notice (cont'd)
3 Important Notice (cont’d) IMPORTANT NOTE REGARDING NON - IFRS FINANCIAL MEASURES To measure performance we focus on net income as well as funds from operations (“FFO”), FFO per unit, adjusted funds from ope rat ions (“AFFO”), adjusted EBITDA, and invested capital, which we refer to throughout this
Slide 4: Brookfield Infrastructure Overview
4 Brookfield Infrastructure Overview
Slide 5: Brookfield Infrastructure Overview
5 Brookfield Infrastructure Overview Generates a current yield of ~3.4% 2 and has a strong track record of growing distributions 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 com
Slide 6: Strong performance since inception over a decade ago
6 $0.64 $0.66 $0.79 $0.90 $1.04 $1.15 $1.27 $1.40 $1.57 $1.69 $1.81 $1.94 $2.04 ~10% CAGR Strong performance since inception over a decade ago TSX: BIP.UN / BIPC NYSE: BIP / BIPC MARKET SYMBOL ~$30B 1 MARKET CAPITALIZATION ~27% Equity Interest 2 ; GP & Manager BROOKFIELD PARTICIPATION BIP DISTRIBUTI
Slide 7: Brookfield Infrastructure is launching a $1 billion equity offering
7 Brookfield Infrastructure is launching a $1 billion equity offering 1 • Record deployment into highly accretive new investments in 2021 ‒ Invested ~$2.5 billion into Inter Pipeline Ltd. (“IPL”), a critical Canadian midstream operation with an attractive going - in FFO yield and significant growth
Slide 8: Use of Proceeds
8 Use of Proceeds 1 • Record level of organic growth capital investment - Expect to deploy $1B+ in growth capital over the next twelve months building platforms; will require additional equity funding of ~$0.4B • Secured accretive investment in high - quality regulated utility - Announced the acquis
Slide 9: Brookfield Highlights
Brookfield Highlights
Slide 10: Brookfield Infrastructure is well positioned to build upon recent success
10 Brookfield Infrastructure is well positioned to build upon recent success Our business has demonstrated two important attributes in the last 24 months: ‒ Resilience underpinned by regulated or contracted cash flows (90%+) ‒ Significant embedded growth in our business led to record 17% YTD FFO gro
Slide 11: Significant opportunity to deploy capital creating platforms
11 Significant opportunity to deploy capital creating platforms Building platforms will provide us with the opportunity to invest significant capital in businesses and markets we know well We are targeting deployment of over $5 billion 1 over the next five years building platforms in these eight are
Slide 12: IPL marks the start of the next expansionary period for our business
12 Brookfield Infrastructure Combined Brookfield Infrastructure/IPL ~30% ~40% IPL marks the start of the next expansionary period for our business • A significant capital deployment opportunity into a large - scale transaction ‒ ~$2.5 billion BIP investment ‒ Attractive entry EBITDA multiple ‒ Accre
Slide 13: Australian regulated utility with significant growth potential
13 Australian regulated utility with significant growth potential • Brookfield has agreed to privatize AusNet Services Limited for ~$6.2B ‒ BIP will invest ~$500 million • AusNet is a mature, cash - generating regulated utility franchise in a stable OECD market ‒ Accretive going - in FFO yield with
Slide 14: Offer Summary
Brookfield Offer Summary
Slide 15: Pro-forma Offer
15 Pro - forma Offer PARTNERSHIP CAPITAL Current units outstanding 1 495.2 Newly issued units (estimate) 2 16.8 Pro - forma total units outstanding 512.0 % increase in # units outstanding 3.4% HIGH LEVEL CORPORATE LIQUIDITY SUMMARY US$ BILLIONS AMOUNT Corporate liquidity at September 30, 2021 3 $ 2.
Slide 16: Brookfield Infrastructure provides two issuers to enhance flexibility
16 Brookfield Infrastructure provides two issuers to enhance flexibility Brookfield Infrastructure Corporation (NYSE, TSX: BIPC), a subsidiary of BIP, was created to offer an economically equivalent security to BIP, but in the form of a more traditional corporate structure BIPC BIP Dividends/Distrib
Slide 17: Appendix
Brookfield Appendix
Slide 18: Reconciliation of Non-IFRS Measures to IFRS Measures
18 Reconciliation of Non - IFRS Measures to IFRS Measures • The following table reconciles net income attributable to the partnership, the most directly comparable IFRS measure, to FFO, a non - IFRS financial metric: • The following table reconciles net (loss) income per limited partnership unit, th
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