Brookfield Corporation · NYSE:BN
Brookfield — Brookfield Asset Management — Investor Presentation (May 2014)
19 slides from Brookfield's investor presentation, May 2014
Slide 1: Corporate Profile First Quarter 2014
Corporate Profile First Quarter 2014 Brookfield Asset Management Inc. A Global Alternative Asset Management Company Focused on Property, Renewable Energy, Infrastructure and Private Equity
Slide 2: Cautionary Note Concerning Forward-Looking Statements
Cautionary Note Concerning Forward-Looking Statements 2 This Corporate Profile contains “forward-looking information” within the meaning of Canadian provincial securities laws and “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, Section 2
Slide 3: Experienced Investor and Asset Manager
Experienced Investor and Asset Manager 3 100 year history as a global investor, operator and leading asset Assets Under Management manager of high quality alternative assets $190 billion • Global manager of real assets with over $175 billion of assets under management ‒ Property ̶ Infrastructure ‒ R
Slide 4: Leader in alternative investing across major asset classes
Experienced Investor and Asset Manager 4 Leader in alternative investing across major asset classes that Real Assets are in demand by investors seeking yield and superior returns Real Return Yield Enhanced Fixed Income Alternatives PROPERTY RENEWABLE ENERGY INFRASTRUCTURE PRIVATE EQUITY $109 billion
Slide 5: Diversified Four Pillar Multi-Fund Strategy
Diversified Four Pillar Multi-Fund Strategy 5 Our clients have unparalleled flexibility to invest with us through listed issuers and private funds across our real asset platforms Brookfield Asset Management (BAM) 66%1 65% 28% 100% Listed Brookfield Brookfield Renewable Brookfield Brookfield Property
Slide 6: Fees earned by Brookfield
Fees earned by Brookfield 6 We have a significant opportunity to further increase the fees we Annualized Fees and Target Carry earn as we continue to grow fee bearing capital under ~$1 billion management in our listed entities and institutional private funds Asset Management Fees General Partner Gen
Slide 7: Listed Issuers
Listed Issuers 7 Our fee bearing listed issuers provide us predictable, contractual cash flows which will continue to grow from increases in the issuers capitalization and annual distributions Base Management Fees Incentive Distribution Rights Equity Return Fixed Enhancement Annual Incentive Hurdles
Slide 8: Private Funds
Private Funds 8 Our private funds provide us contractual base management fees based on committed/pledged capital and the opportunity to earn performance fees or “carried interest” upon exceeding pre-determined return hurdles Base Fees Carried Target Return PRIVATE FUNDS (bps) Interest Return Hurdles
Slide 9: Client & Fee Bearing Capital
Client & Fee Bearing Capital 9 We have approximately $84 billion of fee bearing capital under management which includes $8 billion of uncalled client commitments to invest FEE BEARING CAPITAL CLIENT COMMITMENTS ~$84 billion ~$8 billion Private Equity Public Securities $1 $22 $26 Private Funds $2 Pro
Slide 10: Diverse Source of Client Capital Commitments
Diverse Source of Client Capital Commitments 10 We have a growing base of ~220 leading global investors in our Clients Invested in Multiple Private Funds private funds, many invested in multiple Brookfield funds 30% PRIVATE CLIENT CAPITAL Other 1 Public Pension / BY INVESTOR TYPE Superannuation 10%
Slide 11: Brookfield's Invested Capital
Brookfield’s Invested Capital 11 The formation of our flagship listed issuers has greatly BAM’s Invested Capital simplified our balance sheet and increased transparency as ~85% of invested capital is held through listed investments ~$25 billion INVESTED CAPITAL BY PLATFORM Invested capital should be
Slide 12: Financial Strength
Financial Strength 12 We are very well positioned with a strong balance sheet and significant access to capital to maintain our growth momentum Significant Liquidity Over $6 billion of core liquidity to fund growth $8 billion of available capital from institutional partners Approximately $22 b
Slide 13: Global Platform Positioned for Growth
Global Platform Positioned for Growth 13 And our global footprint is a key strategic advantage Number of Offices Number of Countries 100 20 • Unparalleled ability to source a broad scope of investment opportunities • Flexibility to allocate capital to the businesses or locations that offer the best
Slide 14: Additional Information
Brookfield Additional Information een
Slide 15: Appendix – Private Funds
Appendix – Private Funds 15 We have a diversified portfolio of established private funds and four in marketing seeking over $2 billion in third party capital Historical Historical Committed Committed Core Plus and Capital Brookfield Year Opportunistic and Capital Brookfield Year Value Add1 ($million
Slide 16: Global Industry Recognition
Global Industry Recognition 16 2014 Global Fund Manager of the Year: Infrastructure Investor Global Fundraising of the Year: Infrastructure Investor North American Fundraising of the Year: Infrastructure Investor Private Equity Deal of the Year: Canadian Venture Capital & Private Equity Association
Slide 17: Appendix – Major Institutional Investors
Appendix – Major Institutional Investors 17 Management and directors own/control ~20% of Brookfield, alongside other major institutional investors Major institutional investors with over 5 million Brookfield common shares1 RBC Asset Management Goodman & Company Investment Counsel TD Asset Management
Slide 18: Appendix – Our Investment Principles
Appendix – Our Investment Principles 18 BUSINESS PHILOSOPHY • Build our businesses and all relationships based on integrity • Attract and retain high calibre individuals who will grow with us over the long term • Ensure our people think and act like owners in all their decisions • Treat our clients’
Slide 19: Investor Relations Contacts
Appendix 19 Investor Relations Contacts Contact Title E-Mail Address Phone Number Brian Lawson Chief Financial Officer [email protected] (416) 363-9491 Derek Gorgi Senior Vice President, Finance [email protected] (416) 359-8590 Amar Dhotar Associate, Investor Relations amar.dhotar
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