Brookfield Asset Management (BAM) investor relations material

Strategic Growth, Vision, and Business Model Evolution

• On track to double fee-bearing capital to $2.6 trillion by 2031, maintaining or exceeding historical growth rates through diversification across geographies, products, and investor types.

• Integration of Oaktree has created a fully scaled, global credit platform with $416 billion AUM and 700+ investment professionals, expanding capabilities and product offerings.

• Expansion into private wealth, insurance, and retirement markets, with private wealth fee-bearing capital projected to grow 5x to $75 billion by 2031, and partnerships like AllianceBernstein capturing new capital flows.

• Focus on building new businesses and products in adjacencies, with non-flagship revenue now the majority and disciplined scaling of new strategies; product innovation has expanded strategies from 23 in 2019 to 60+ in 2026.

• Leadership in digitalization, energy transition, and supply chain resiliency, with infrastructure and energy transition funds at the forefront of capital deployment.

Financial Guidance, Performance Outlook, and Fundraising Momentum

• Fee-bearing capital is projected to double to $2.6 trillion by 2031, with 88% expected to be long-term or permanent, supporting stable and predictable cash flows.

• Record fundraising of $163 billion in the last twelve months, a 70% increase year-over-year, with $160 billion deployed and $90 billion in monetizations.

• FRE projected to reach $11 billion and carry to grow at a 32% CAGR by 2031, supporting a 15%+ annual dividend growth plan; distributable earnings expected to reach $6.4 billion, representing an 18% CAGR.

• Multiple levers, including defined contribution market entry, new strategies, and partner manager expansion, provide paths to 20%+ annualized earnings growth and 20%+ return on equity.

• Complementary strategies expected to nearly double by 2031, with mature strategies reaching $360 billion and new strategies comprising 35% of the mix.

Diversification, Resilience, and Platform Integration

• No single business group accounts for more than a third of revenues, with diversification across infrastructure, energy, private equity, real estate, and credit.

• Global reach with 250,000 operating employees in 50+ countries and a client base that has grown from 320+ in 2016 to over 2,500 in 2026.

• The credit platform spans the full spectrum, from opportunistic and real assets credit to asset-backed and corporate credit, enabling growth across market cycles.

• Product innovation and bespoke mandates have expanded solutions, with the Investment Solutions Group securing over $10 billion in unique mandates in under two years.

• The business model is designed for durability, with multiple engines of growth and a resilient, diversified structure to sustain performance through cycles.