Brookfield Business Partners (BBU) Investor presentation summary

Strategic focus and investment approach

• Operates as the flagship listed vehicle for private equity, targeting strong long-term returns and compounding value for investors.

• Invests in market-leading industrial and services businesses, leveraging the broader ecosystem for competitive advantage.

• Employs a repeatable playbook: acquire quality businesses, enhance operations, and recycle capital for growth.

• Targets annual returns of 15–20% through disciplined value investing and operational improvements.

• Maintains a global, integrated team with over 150 investment professionals and 57,000 operating employees.

Financial performance and capital allocation

• Achieved $2.4 billion in annual Adjusted EBITDA with a 24% margin across diversified operations.

• Net asset value per share doubled from $28 in 2020 to $54 in 2025.

• Shares trade at a significant discount to intrinsic value, with a trading price of $30 versus a $54 NAV.

• Realized approximately $9 billion in proceeds since inception, with aggregate realized value in line with NAV.

• Maintains $2.8 billion in pro forma corporate liquidity and a weighted average debt maturity of 5.9 years.

Recent business developments

• Generated over $1.2 billion in capital recycling proceeds year-to-date, including the $650 million sale of Multiplex.

• Invested $300 million in World Freight Company and Gregg Distributors.

• Delivered 5% same-store Adjusted EBITDA growth in Q2 year-over-year.

• Repurchased over $320 million in shares since last year, allocating $150 million from capital recycling to buybacks.