2
ANNUALIZED TOTAL RETURN As at August 7, 2018 1-YEAR 5-YEAR 10-YEAR* BIP (NYSE) –% 17% 18% BIP.UN (TSX) 3% 22% 26% S&P 500 Index 18% 13% 9% S&P Utilities Index 2% 10% 6% S&P/TSX Composite Index 10% 9% 7% S&P/TSX Capped Utilities Index (3%) 7% 8% Alerian MLP Index 10% (2%) 7% DJB Infrastructure Index** 2% 8% 5% PEER GROUP Source: Bloomberg; includes reinvestment of distributions * BIP (NYSE) and U.S. index returns since Jan 2008; BIP (TSX) and Canadian index returns since Sept 2009 ** No dividend reinvestment for this index TRACK RECORD OF GROWTH 0.0 0.4 0.8 1.2 1.6 2.0 2009 PER UNIT FFO PER UNIT DISTRIBUTION 2018 1 2009 2018 $0.69 $3.20 $0.71 $1.88 11% CAGR 19% CAGR ANALYST COVERAGE Overview Brookfield Infrastructure Partners 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 4.5% and a distribution growth target of 5%–9% annually, Brookfield Infrastructure Partners 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 data 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 potential 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. INVESTOR FACT SHEET QUICK FACTS EXCHANGES NYSE: BIP TSX: BIP.UN ~ 394M FULLY DILUTED UNITS $41.32 UNIT PRICE 2 ~$ 16.3B MARKET CAPITALIZATION 2 5 %-9 % TARGET DISTRIBUTION GROWTH ANNUALLY 60%-70% OF FFO TARGET PAYOUT RATIO $ 1.88 PER UNIT DISTRIBUTION 4.5 % YIELD 2 1. Per-unit FFO represents annualized Q2 2018 YTD results 2. As at August 7, 2018 BofA Merril Lynch Dennis P. Coleman BMO Capital Markets Devin Dodge CIBC Rob Catellier Citigroup Ryan Levine 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 Jonathan Reeder

Overview ANNUALIZED TOTAL RETURN - bip.brookfield.com/media/Files/B/Brookfield-BIP-IR/Q2... · Operating Segments UTILITIES Regulated or contractual businesses that earn a return

  • Upload
    buianh

  • View
    215

  • Download
    0

Embed Size (px)

Citation preview

A N N U A L I Z E D T O T A L R E T U R N

As at August 7, 2018 1-YEAR 5-YEAR 10-YEAR*

BIP (NYSE) –% 17% 18%

BIP.UN (TSX) 3% 22% 26%

S&P 500 Index 18% 13% 9%

S&P Utilities Index 2% 10% 6%

S&P/TSX Composite Index 10% 9% 7%

S&P/TSX Capped Utilities Index (3%) 7% 8%

Alerian MLP Index 10% (2%) 7%

DJB Infrastructure Index** 2% 8% 5%

 PEER GROUP

Source: Bloomberg; includes reinvestment of distributions* BIP (NYSE) and U.S. index returns since Jan 2008; BIP (TSX) and Canadian index returns since Sept 2009 ** No dividend reinvestment for this index

T R A C K R E C O R D O F G R O W T H

0.0

0.4

0.8

1.2

1.6

2.0

2009

PER UNIT FFO PER UNIT DISTRIBUTION

20181 2009 2018

$0.69

$3.20

$0.71

$1.88

11% CAGR19% CAGR

A N A LY S T C O V E R A G E

Overview

Brookfield Infrastructure Partners 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 4.5% and a distribution growth target of 5%–9% annually, Brookfield Infrastructure Partners 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 data 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 potential 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

Q U I C K F A C T SE X C H A N G E SNYSE: BIPTSX: BIP.UN

~394MFULLY DILUTED UNITS

$41.32UNIT PRICE2

~$16.3BMARKET CAPITALIZATION2

5%-9%TARGET DISTRIBUTION GROWTH ANNUALLY

60%-70%OF FFO TARGET PAYOUT RATIO

$1.88PER UNIT

DISTRIBUTION

4.5%YIELD2

1. Per-unit FFO represents annualized Q2 2018 YTD results2. As at August 7, 2018

BofA Merril Lynch Dennis P. Coleman

BMO Capital Markets Devin Dodge

CIBC Rob Catellier

Citigroup Ryan Levine

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 Jonathan Reeder

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 natural gas distribution business, an electricity and a regulated gas transmission business and a regulated terminal. This segment is geographically diverse, spanning five countries — Australia, the United States, Colombia, Brazil and the U.K.

T R A N S P O R TSystems involved in the movement of freight, bulk commodities and passengers

Geographically diverse with large rail operations in Australia and South America, toll roads in South America and India and a portfolio of ports across North America, Asia Pacific, the U.K. and Europe.

E N E R G YSystems that provide energy transmission, distribution and storage services

Energy transmission, distribution and storage services spanning three countries.

D A T A I N F R A S T R U C T U R EBusinesses that provide essential services and critical infrastructure to transmit and store data globally

Consists of tower infrastructure operations in France that generate strong free cash flows within a contractual framework.

Map of Operations

This fact sheet may contain 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 TRene Lubianski Senior Vice President, Corporate Development

Tel: 416-956-5196

Email: [email protected]

bip.brookfield.com

1. Cash flow profile based on pre-corporate FFO for the last 12 months ended June 30, 2018

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

District Energy: 3% Data Infrastructure: 5%

Regulated Distribution: 16%

Regulated Transmission: 23%

Regulated Terminal: 4%

Ports: 6%

Toll Roads: 18%

~$4.6B rate base ~2,200 KM electricity transmission lines in North & South America ~2,000 KM natural gas pipelines in South America ~6.5M electricity & natural gas connections globally ~980,000 installed smart meters in the U.K.

~10,300 KM of rail tracks in Australia & South America 37 port terminals in North America, Asia Pacific & Europe ~3,800 KM of toll roads in South America & India

~7,000 multi-purpose towers & active rooftop sites 5,000 KM of fibre backbone

600 BCF of natural gas storage in North America ~15,000 KM of natural gas transmission pipelines ~3.2M Lbs./Hr. of steam heating capacity 315,000 Tons of cooling capacity ~20,900 natural gas, water and wastewater connections

Rail: 13%

N O R T H A M E R I C A E U R O P E

A S I A P A C I F I CS O U T H A M E R I C A

Energy Transmission and Storage: 12%

U T I L I T I E S E N E R G Y

D A T A I N F R A S T R U C T U R ET R A N S P O R T