Overview ANNUALIZED TOTAL RETURN/media/Files/B... · Raymond James Frederic Bastien RBC Capital...

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ANNUALIZED TOTAL RETURN As at October 31, 2019 1-YEAR 5-YEAR 10-YEAR* BIP (NYSE) 36% 19% 18% BIP.UN (TSX) 36% 22% 26% S&P 500 Index 13% 11% 9% S&P Utilities Index 24% 11% 8% S&P/TSX Composite Index 12% 6% 7% S&P/TSX Capped Utilities Index 35% 10% 10% Alerian MLP Index (8%) (9%) 4% DJB Infrastructure Index** 20% 6% 6% 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 2019 1 2009 2019F $0.69 $3.40 $0.71 $2.01 11% CAGR 17% CAGR ANALYST COVERAGE Overview Brookfield Infrastructure Partners L.P. (BIP) owns and operates a globally diversified portfolio of high-quality assets that generate sustainable and growing distributions over the long-term. With a distribution yield of 4.0% 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 INVESTOR FACT SHEET QUICK FACTS EXCHANGES NYSE: BIP TSX: BIP.UN ~418M FULLY DILUTED UNITS $ 50.17 UNIT PRICE 2 $21.0B MARKET CAPITALIZATION 2 5 %-9 % TARGET DISTRIBUTION GROWTH ANNUALLY 60%-70% OF FFO TARGET PAYOUT RATIO $2.01 PER UNIT DISTRIBUTION 4.0% YIELD 2 1. Per-unit FFO represents annualized Q3 2019 YTD results of $2.55/unit 2. As at October 31, 2019 Barclays Eric Beaumont BMO Capital Markets Devin Dodge CIBC Rob Catellier Citigroup Ryan Levine Credit Suisse Andrew Kuske Industrial Alliance Jeremy Rosenfield National Bank Financial Rupert Merer Raymond James Frederic Bastien RBC Capital Markets Robert Kwan Scotia Capital Robert Hope TD Securities Cherilyn Radbourne Wells Fargo Jonathan Reeder

Transcript of Overview ANNUALIZED TOTAL RETURN/media/Files/B... · Raymond James Frederic Bastien RBC Capital...

Page 1: Overview ANNUALIZED TOTAL RETURN/media/Files/B... · Raymond James Frederic Bastien RBC Capital Markets Robert Kwan Scotia Capital Robert Hope TD Securities Cherilyn Radbourne Wells

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

As at October 31, 2019 1-YEAR 5-YEAR 10-YEAR*

BIP (NYSE) 36% 19% 18%

BIP.UN (TSX) 36% 22% 26%

S&P 500 Index 13% 11% 9%

S&P Utilities Index 24% 11% 8%

S&P/TSX Composite Index 12% 6% 7%

S&P/TSX Capped Utilities Index 35% 10% 10%

Alerian MLP Index (8%) (9%) 4%

DJB Infrastructure Index** 20% 6% 6%

 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

20191 2009 2019F$0.69

$3.40

$0.71

$2.01

11% CAGR17% CAGR

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

Overview

Brookfield Infrastructure Partners L.P. (BIP) owns and operates a globally diversified portfolio of high-quality assets that generate sustainable and growing distributions over the long-term. With a distribution yield of 4.0% 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

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

~418MFULLY DILUTED UNITS

$50.17UNIT PRICE2

$21.0BMARKET CAPITALIZATION2

5%-9%TARGET DISTRIBUTION GROWTH ANNUALLY

60%-70%OF FFO TARGET PAYOUT RATIO

$2.01PER UNIT

DISTRIBUTION

4.0%YIELD2

1. Per-unit FFO represents annualized Q3 2019 YTD results of $2.55/unit2. As at October 31, 2019

Barclays Eric Beaumont

BMO Capital Markets Devin Dodge

CIBC Rob Catellier

Citigroup Ryan Levine

Credit Suisse Andrew Kuske

Industrial Alliance Jeremy Rosenfield

National Bank Financial Rupert Merer

Raymond James Frederic Bastien

RBC Capital Markets Robert Kwan

Scotia Capital Robert Hope

TD Securities Cherilyn Radbourne

Wells Fargo Jonathan Reeder

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Operating SegmentsU 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 and the U.K.

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

Natural gas midstream operations and distributed energy control infrastructure operations spanning Canada, the United States, India and Australia

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 and New Zealand and data storage operations in the U.S., Brazil and Australia

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 TMelissa Low Vice President, Investor RelationsTel: 416-956-5129

Email: [email protected]

bip.brookfield.com

1. Cash flow profile based on pre-corporate FFO for the last 12 months ended September 30, 2019

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

Data Storage: 1% Regulated Terminal: 5%

Regulated Transmission: 16%

~$4.5B rate base ~2,200 KM electricity transmission lines in North and South America ~2,000 KM natural gas pipelines in South America 6.8M electricity & natural gas connections globally ~1.2M installed smart meters in the U.K.

~10,300 KM of rail tracks in Australia and South America 13 port terminals in North America, Asia Pacific and the U.K. ~4,200 KM of toll roads in South America and India

~7,000 multi-purpose towers & active rooftop sites 10,000 KM of fiber backbone 50 data centers ~1.5M square feet of raised floors 160MW of critical load capacity

~16,500 KM of natural gas transmission pipelines 600 BCF of natural gas storage in North America ~3.2M Lbs./Hr. of steam heating capacity 305,000 Tons of cooling capacity ~27,000 natural gas, water and wastewater connections ~1.6M residential customers in North America 13 natural gas processing plants ~270,000 contract sub-metering services

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

Regulated Distribution: 17%

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

Ports: 6%

Distributed Energy: 5%

Rail: 14%

Toll Roads: 15%

Natural Gas Midstream: 16%

Data Transmission & Distribution: 5%