Brookfield Corporation · NYSE:BN
Brookfield — Brookfield Asset Management — Investor Presentation (June 2023)
32 slides from Brookfield's investor presentation, June 2023
Slide 1: Brookfield Asset Management Investor Presentation Q2 2023
Brookfield Asset Management I N V E S T O R P R E S E N TAT I O N Q2 2023
Slide 2: Brookfield at a Glance
Brookfield at a Glance We are one of the largest and fastest growing alternative asset managers in the world, distinguished by a 100+ year history of owning and operating real assets and businesses that provide essential services. Over $825B of AUM / $432B of fee-bearing capital Operating in 30 coun
Slide 3: Welcome to the NEW Brookfield Asset Management
Welcome to the NEW Brookfield Asset Management 3
Slide 4: Newest Publicly-Traded, Pure-Play Global Alternative Asset Manager
Newest Publicly-Traded, Pure-Play Global Alternative Asset Manager For the first time, investors have the opportunity to own Brookfield Asset Management on a pure-play basis In December 2022, distributed 25% of asset management Brookfield Asset Brookfield business as Brookfield Asset Management Ltd
Slide 5: BAM Operates With Industry-Leading Metrics
BAM Operates With Industry-Leading Metrics ~100% 83% 55‒60% Fee-Related Earnings Fee-Bearing Capital Is Long- Fee-Related Earnings as a % of DE Term / Permanent Margins 15‒20% 90%+ No Debt Fee-Related Earnings Dividend Asset-Light Growth Targets Payout Ratio Balance Sheet 5
Slide 6: Built on a 100-Year Foundation
Built on a 100-Year Foundation While the stock is new, our market leadership, commitment to clients and value- creation approach remain unchanged Experience Scale Essential Assets Heritage and investing Our scale makes us a partner Our business is well-positioned expertise dates back over 100 of cho
Slide 7: Global Presence
Global Presence As a large-scale investor with on-ground operations in key regions around the world, we provide access to attractive investment opportunities globally North Europe & America Middle East $501B $163B Asia-Pacific $116B South America $54B Note: Figures represent assets under management.
Slide 8: We Invest in the Backbone of the Global Economy
We Invest in the Backbone of the Global Economy We invest in high-quality, essential assets and businesses that form the backbone of the global economy $432B ~195,000 ~1,220 Fee-bearing Capital Operating Employees Investment Professionals $53B $93B $39B $98B $149B Renewable Power Infrastructure Priv
Slide 9: Positioned for Strong Growth
Positioned for Strong Growth 9
Slide 10: Why are Investors Choosing to Invest in Alternative Assets?
Why are Investors Choosing to Invest Their Growing Capital Base in Alternative Assets? 12-20% Excess returns 11-12% Diversification 7-8% Less volatility 0.5–4.25% Predictable cash flows 1 3 2 3 Bond Yields Target Public Target Real Private Equity Assets and Credit Returns Private Equity Notes: 1. As
Slide 11: Investors Worldwide Are Turning to Alternative Assets
Investors Worldwide Are Turning to Alternative Assets As institutional investors increase their allocations to alternatives, the overall industry saw rapid expansion and is estimated to grow to $23 trillion by 2026 Institutional Allocation Alternatives AUM2 to Alternative Assets1 ($ in Trillions) $2
Slide 12: Brookfield Positioned Around Massive Global Secular Tailwinds
Brookfield Positioned Around Massive Global Secular Tailwinds Trillions of dollars will need to be invested as the world adapts to paradigm shifts, and our assets sit at the epicenter of many of these trends $53B $149B $432B $93B Fee-Bearing Capital $39B $98B Renewable Power & Transition Infrastruct
Slide 13: An Integrated Approach to Creating Sustainable Value
An Integrated Approach to Creating Sustainable Value We believe sound ESG practices are key to building resilient businesses and creating long-term value for our investors Manage our Assess climate Align with industry- Remain committed investments with impact from leading ESG to a diverse and integr
Slide 14: Superior Investment Performance Drives Inflows
Superior Investment Performance Drives Inflows Our strategy enables us to deliver strong returns for our clients across our businesses. Strong returns drive future growth. As at Mar. 31, 2023 ($ billions) Fund1 Fund History Vintage Gross IRR Infrastructure 12 years 5 15% Renewable Power & Transition
Slide 15: Significant Available Liquidity to Make Additional Investments
Significant Available Liquidity to Make Additional Investments Dislocation in financial markets has historically created some of the most attractive risk-adjusted investment opportunities for those investors with dry powder to put to work $16B $16B $37B Committed Capital Not $79B Current Earning Fee
Slide 16: Strong Portfolio Growth
Strong Portfolio Growth Raised a record $98B of capital over the last twelve months, on track to hit our target of ~$1T of fee-bearing capital in five years Fee-Bearing Capital (FBC) Long-Term and Perpetual Capital (as at 3/31/23) ~24% $973B CAGR 52% 17% 83% of FBC Is Long Dated or Perpetual $432B 6
Slide 17: Has Driven Strong Financial Performance
…Has Driven Strong Financial Performance Growth in FBC directly impacts the growth of our fee-related revenues and fee- related earnings, and strong fund performance creates additional earnings upside through carried interest Fee-Related Earnings (FRE) Carried Interest (2027‒2032) ~18% $4,370M CAGR
Slide 18: Conclusion: the best is yet to come
Conclusion Brookfield Asset Management…the best is yet to come Embedded Optionality for Organic Growth Inorganic Growth Leader in a rapidly growing Capital gravitating towards larger, industry more diverse managers creates consolidation advantages Highly differentiated strategy positioned at the epi
Slide 19: Appendix
Brookfield Appendix
Slide 20: A Range of Alternative Investment Strategies
A Range of Alternative Investment Strategies Our strategies across debt and equities offer clients multiple access points along the risk-return spectrum Illustrative Risk-return Profile Debt Strategies Equity Strategies Mezzanine Core Core Plus Value Add Opportunistic Technology Growth Global Privat
Slide 21: Renewable Power and Transition
Renewable Power and Transition Brookfield is one of the most impactful renewable power and decarbonization investors, owners and operators $77B $53B 70 Assets Under Management Fee-Bearing Capital Investment Professionals Overview Asset Types • Our Renewable Power and Transition business complements
Slide 22: Infrastructure
Infrastructure Brookfield is one of the world’s largest infrastructure investors, owners and operators $161B $93B 140 Assets Under Management Fee-Bearing Capital Investment Professionals Overview Asset Types • Our infrastructure business is ideally positioned at the epicenter of the global secular t
Slide 23: Private Equity
Private Equity Brookfield is one of the most experienced private equity investors $139B $39B 190 Assets Under Management Fee-Bearing Capital Investment Professionals Overview Asset Types • Our Private Equity platform seeks to invest in high-quality businesses that provide essential products and serv
Slide 24: Real Estate
Real Estate Brookfield is one of the largest real estate investors with a diversified portfolio in the world’s most well-established markets $270B $98B 340 Assets Under Management Fee-Bearing Capital Investment Professionals Overview Asset Types • Our Real Estate business seeks to build a diversifie
Slide 25: Credit and Other
Credit and Other Brookfield’s partnership with Oaktree has established it as one the largest and fastest-growing alternative credit managers $187B $149B 460 Assets Under Management Fee-Bearing Capital Investment Professionals1 Overview Asset Types • Our Credit business offers clients access to one o
Slide 26: Brookfield Listed Affiliates
Brookfield Listed Affiliates Approximately 75% of Brookfield’s permanent capital is invested in our public affiliates, creating strong alignment of interest with our investors Brookfield Brookfield Brookfield Infrastructure Partners Renewable Partners Business Partners (NYSE: BIP or BIPC) (NYSE: BEP
Slide 27: Endnotes
Endnotes 1. Asset under management ("AUM") refers to the total fair value of assets managed, calculated as follows: investments that Brookfield, which includes Brookfield Corporation, the asset management business, being Brookfield Asset Management Ltd., Brookfield Asset Management ULC or their affi
Slide 28: Notice to Readers
Notice to Readers Brookfield Asset Management Ltd. is not making any offer or invitation of any kind by communication of this Investor Presentation and under no circumstance is it to be construed as a prospectus or an advertisement. Unless otherwise specified, the information and statements presente
Slide 29: Notice to Readers…cont'd
Notice to Readers…cont’d STATEMENT REGARDING PAST AND FUTURE PERFORMANCE AND TARGET RETURNS Past performance is not indicative nor a guarantee of future results. There can be no assurance that comparable results will be achieved in the future, or that future investments or fundraising efforts will b
Slide 30: Awards and Recognition
Awards and Recognition1 2021 2021 2021 2021 2021 Infrastructure Debt Fund Manager of the Renewables Refinancing Oil & Gas Refinancing Oil & Gas Manager of the Year – Year – North America Deal of the Year – Deal of the Year – Deal of the Year – Americas North America MENA MENA 2021 2021 2021 2020 202
Slide 31: Awards and Recognition (cont'd)
Awards and Recognition (cont’d)1 2020 2020 2019 2019 2019 Equity Fund Retail Investor Alternatives Investor Alternatives Investor Alternatives Investor Manager of the Year of the Year – North of the Year – Global of the Year – Asia of the Year – Europe America 2019 2019 2019 2019 2019 Firm of the Ho
Slide 32: Corporate and Regional Offices
Corporate and Regional Offices Corporate Offices United States Canada United Kingdom Australia China Brookfield Place Brookfield Place One Canada Square, Level 25 Level 19 Suite 1201, Tower B, One East 250 Vesey Street , 15th Floor 181 Bay Street, Suite 300 Canary Wharf 10 Carrington Street No. 736
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