overview unit performance/media/files/b/... · frederic bastien rbc capital markets robert kwan...
TRANSCRIPT
Overview
Brookfield Infrastructure owns and operates a globally diversified portfolio of high quality assets that generate sustainable and growing distributions over the long term. With a current yield of 5% and a distribution growth target of 5–9% annually, Brookfield Infrastructure offers an attractive risk-adjusted total return to its unitholders.
Investment Highlights
Globally diversified – one of the few pure-play, publicly traded, global infrastructure vehicles
High quality assets – premier utilities, energy, transport and communications infrastructure operations with stable cash flows, high margins and strong internal growth prospects
Growth – significant capital required to maintain and expand the infrastructure needs of the global economy resulting in abundant acquisition opportunities
Access to a leading asset management group – origination of opportunities through Brookfield’s network and participation in Brookfield-sponsored consortiums
Experienced management team with proven track record – demonstrated commitment to growing returns to unitholders
Brookfield Infrastructure Partners L.P.
i n v e s t o r f a c t s h e e t
U N I T P E R F O R M A N C E
(As at January 31, 2017) 1-YEAR 5-YEAR SINCE INCEPTION
BIP (NYSE) 54% 18% 18%
BIP.UN (TSX) 43% 24% 26%
S&P 500 Index 20% 14% 8%
S&P Utilities Index 12% 11% 6%
Alerian MLP Index 39% 3% 8%
DJB Infrastructure Index* 15% 8% 5%
PEER GROUP
Source: Bloomberg; includes reinvestment of distributions*No dividend reinvestment for the index
T R A C K R E C O R D O F G R O W T H
0,0
0,5
1,0
1,5
2,0
2,5
3,0
0,0
0,5
1,0
1,5
2,0
2,5
3,0
2009
PER UNIT FFO PER UNIT DISTRIBUTION
2016 2009 2017
$0.69
$2.72
$0.71
$1.7412% CAGR
22% CAGR
A N A LY S T C O V E R A G E
Q U I C K F A C T SE X C H A N G E SNYSE: BIPTSX: BIP.UN
~370MFULLY DILUTED UNITS
$34.95UNIT PRICE1
~$12.9BMARKET CAPITALIZATION1
5-9%TARGET DISTRIBUTION GROWTH ANNUALLY
60-70%OF FFO TARGET PAYOUT RATIO
$1.74PER UNIT
DISTRIBUTION
5%YIELD1
1. As at January 31, 2017
Barclays Ross Fowler
BMO Capital Markets Bert Powell
Citigroup Faisel Khan
Credit Suisse Andrew Kuske
National Bank Financial Rupert Merer
Raymond James Frederic Bastien
RBC Capital Markets Robert Kwan
Scotia Capital Benoit Laprade
TD Securities Cherilyn Radbourne
Wells Fargo Glen Pruitt
Operating Segments
U T I L I T I E SRegulated or contractual businesses that earn a return on rate base
Comprised of an electricity and gas distribution business, an electricity transmission business and a regulated terminal. This segment is geographically diverse, spanning six countries — Australia, the United States, Chile, Colombia, Brazil and the UK.
T R A N S P O R TSystems involved in the movement of freight, bulk commodities & passengers
Geographically diverse with large rail operations in Australia and South America, 19 South American and Indian toll roads and a portfolio of 36 ports in North America, Australia, the UK and across Europe.
E N E R G YSystems for the storage & handling of energy
Provide energy transmission, distribution and storage services spanning three continents.
C O M M U N I C A T I O N S I N F R A S T R U C T U R EBusinesses that provide essential services and critical infrastructure to media broadcasting and telecom sectors
Consists of tower infrastructure operations in France that generate strong free cash flows within a contractual framework.
Map of Operations
This fact sheet contains forward-looking statements and information within the meaning of the Canadian provincial securities laws and other “forward looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, Section 21E of the U.S. Securities Exchange Act of 1934, as amended, “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and in any applicable Canadian securities regulations. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Forward-looking statements can be identified by the use of words such as “growing”, “target” and “expand” or variations of such words and phrases. Although Brookfield Infrastructure believes that such forward-looking statements and information are based upon reasonable assumptions and expectations, no assurance is given that such expectations will prove correct. The reader should not place undue reliance on forward-looking statements and information as such statements and information involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Brookfield Infrastructure to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking statements and information. Except as required by law, Brookfield Infrastructure does not undertake any obligation to publicly update or revise any forward-looking statements or information, whether written or oral, that may be as a result of new information, future events or otherwise.
C O N T A C TMelissa LowVice President, Investor Relations and Communications
Tel: 416-956-5239
Email: [email protected]
bip.brookfield.com
1. Cash flow profile based on pre-corporate FFO for the 12 months ended December 31, 2016
2. Ratings for respective jurisdictions determined using an average of sovereign ratings from Moody’s, Standards & Poors and Fitch
C O U N T E R P A R T Y D I V E R S I F I C A T I O N 1
S T A B L E J U R I S D I C T I O N S 2 S TA B L E C A S H F L O W P R O F I L E 1
EnergyTransportUtilities CommunicationsInfrastructure
District Energy: 4%Communications Infrastructure: 7%
Regulated Distribution: 20%
Electricity Transmission: 10%
Regulated Terminal: 8%
Rail: 19%
Contractual: 48%AAA: 43%
AA: 40%
BB: 15%
BBB: 2%
Regulated: 43%
Other: 9%
Energy Transmission: 12%
Ports: 6%
Toll Roads: 14%
~$4.0B of Rate Base 11,200 KM Electricity Transmission Lines in North & South America ~2.8 M Electricity & Natural Gas Connections Globally
~9,900 KM of Rail Tracks in SW Australia & South America 36 Port Terminals in North America, Australia, the UK & Europe ~3,600 KM of Toll Roads in South America & India
TOWER INFRASTRUCTURE OPERATIONS ~7,000 Multi-purpose Towers & Active Rooftop Sites 5,000 KM of Fiber Backbone
ENERGY TRANSMISSION OPERATIONS 600 BCF Natural Gas Storage in North America ~15,000 KM Natural Gas Transmission PipelinesDISTRICT ENERGY ~2.9 M Lbs./Hr. Steam Heating 259,000 Tons Cooling Capacity