Brookfield Business Partners (BBU) Investor Day 2026 summary

Strategic positioning, business evolution, and market outlook

• Focus on acquiring and operating durable, asset-heavy businesses that benefit from AI, digitalization, and withstand market cycles, while leveraging AI to drive reindustrialization and strengthen supply chains.

• Shifted portfolio to higher-margin, larger-scale, market-leading operations, emphasizing reshoring, automation, and adaptability to geopolitical uncertainty.

• Capital is flowing back to businesses with strong competitive positions and low substitution risk, with AI seen as a generational opportunity for American manufacturing.

• Simplified corporate structure and increased index inclusion led to a 75% rise in trading volumes, with transition to U.S. GAAP for greater transparency.

• Partnership with OpenAI Deployment Company to accelerate enterprise AI deployment.

Track record and operational performance

• Decades-long investment in industrial backbone, with $10B cumulative invested capital and 40 investments since inception.

• Monetized 13 industrial businesses at ~5x aggregate multiple; 30 monetizations overall with a 19% realized IRR and $9B cumulative proceeds.

• Achieved 11% average annual EBITDA growth across industrial operations, with +1,100 bps margin improvement and $4B cumulative cash generation since acquisition.

• Net asset value per share tripled from $17 in 2016 to $56 in 2026, with adjusted EBITDA rising from $0.2B to $2.4B and margins from 4% to 24%.

• World-class industrial businesses generate high recurring revenues and strong customer retention.

AI deployment and value creation

• Over $4 billion invested alongside a consortium to roll out AI at scale in enterprise settings.

• AI deployment focuses on integrating legacy systems, leadership buy-in, and prioritizing high-impact use cases, with systematic tracking of 150 AI use cases in pilot or production.

• Early AI use cases have delivered measurable EBITDA improvements, such as $50 million at Clarios.

• Targeting $300M EBITDA increase and $3B incremental equity value, equivalent to over $4 per share.

• AI is expected to further accelerate productivity and value creation, though not yet fully factored into underwriting.