Brookfield Business Partners (BBU) Investor presentation summary

Strategic focus and investment approach

• Focuses on acquiring and operating high-quality industrial and services businesses with strong margins and durable cash flows, leveraging Brookfield's global platform and operational expertise.

• Employs a repeatable value creation playbook, targeting market-leading providers of vital products and services, and aims for 15–20% returns.

• Recycles capital from realized investments to fund new opportunities and compound long-term growth.

• Maintains a strong balance sheet to support growth and balanced capital allocation, including opportunistic share repurchases and debt reduction.

Scale, operations, and financial performance

• Operates globally with $76B in assets and approximately 57,000 employees, focusing on Industrials, Business Services, and Infrastructure Services.

• Reported Adjusted EBITDA of $2.4B for 2025, with a 23% margin, and net asset value per unit doubled over five years to $54.

• Realized approximately $8B in capital since inception, with aggregate realized value in line with NAV.

• Targeting $2B in proceeds from capital recycling over the next two years.

Recent developments and acquisitions

• Completed the sale of partial interests in three businesses for $690M and announced the acquisition of Fosber for $170M (35% interest).

• Received approval for a corporate simplification, expected to enhance trading liquidity by 50% and double index demand, to be completed by Q1 2026.

• Launched a $250M repurchase program, with $235M invested to repurchase 9M units and shares.