Brookfield Asset Management

Transcription

1 Brookfield Asset Management CORPORATE OVERVIEW

2 We are committed to investing the capital entrusted to us in highquality assets that earn a solid cash return on equity, while emphasizing downside protection. Bruce Flatt, CEO, Brookfield ~$250B UNDER MANAGEMENT GLOBALLY 70,000 OPERATING EMPLOYEES INVESTMENT PROFESSIONALS COUNTRIES 115 YEARS INVESTING IN REAL ASSETS

3 A GLOBAL LEADER in Real Assets Brookfield is one of the world s largest alternative asset managers, focused on investing in longlife, high-quality real assets across real estate, infrastructure, renewable power and private equity. We invest in businesses that form the backbone of the global economy, supporting the endeavors of individuals, corporations and governments worldwide. Our strong balance sheet and ready access to large-scale capital enable us to do transactions of a size that sets us apart. To ensure our interests are aligned with our investors, we put our capital to work alongside theirs in every deal we do. 1

4 Our Investment Philosophy First and foremost, we are value investors with a contrarian point of view. We have learned that some of the best opportunities are found in out-of-favor sectors or regions where capital is scarce. Our investment strategy is simple: utilize our global team of investment professionals, our vast network of employees across our operating businesses, and our industry partners to identify and acquire highquality assets at favorable valuations and finance them on a long-term, low-risk basis. We then create value by increasing cash flows and asset values, and realizing the investment at the right time. We always seek downside protection, and we re proud of our ability to generate strong riskadjusted returns across all market conditions. BROOKFIELD PLACE, NEW YORK, UNITED STATES ARTERIS, BRAZIL 2

5 Global Scale We benefit from our global scale, operating expertise and our broad-based network with local presence on five continents. Our scale gives us the flexibility to allocate capital to asset classes and markets that offer the most attractive returns. ASSETS UNDER MANAGEMENT By region $161B NORTH AMERICA $28B SOUTH AMERICA $32B EUROPE & MIDDLE EAST $19B ASIA PACIFIC 3

6 A Demonstrated Commitment to Environmental, Social and Governance (ESG) Standards We recognize that our success depends on the long-term health of the communities in which we conduct business and the environment in which we operate. Around the world, we invest in real assets with the view that we will own them over the long term, and this approach dictates both our investment strategy and our commitment to high ESG practices we believe that value creation and sustainable development are complementary goals. OUR ESG PRINCIPLES As we pursue our value-related goals, the following principles and associated practices ensure that we manage our investments with integrity, balancing economic goals with good corporate citizenship. 1 2 ENSURE THE WELL-BEING AND SAFETY OF EMPLOYEES Employee Well-Being Meet or exceed all applicable labor laws and standards in jurisdictions where we operate, which includes respecting human rights, offering competitive wages and implementing nondiscriminatory, fully inclusive hiring practices. Health & Safety Aim to have zero serious safety incidents within our businesses by working towards implementing consistent health and safety principles across the organization. BE GOOD STEWARDS IN THE COMMUNITIES IN WHICH WE OPERATE Community Engagement Engage with community groups that might be affected by our actions to ensure that their interests, safety and well-being are appropriately integrated into our decision-making. Philanthropy Empower our employees to participate in and use our resources to give back to the communities in which we operate. 4

7 3 4 MITIGATE THE IMPACT OF OUR OPERATIONS ON THE ENVIRONMENT Environmental Stewardship Strive to minimize the environmental impact of our operations and improve our efficient use of resources over time. CONDUCT BUSINESS ACCORDING TO THE HIGHEST ETHICAL AND LEGAL/REGULATORY STANDARDS Governance, Ethics and Fairness Operate with high ethical standards by conducting business activities in compliance with applicable legal and regulatory requirements, and our Code of Business Conduct and Ethics. Transparency Be accessible to our investors and stakeholders by being responsive to requests for information and timely in our communication. 5

8 Real Estate We are one of the largest investors, owners, developers and operators of real estate globally, providing diversified exposure to the world s most dynamic and resilient markets. Our portfolio spans multiple asset classes in North America, South America, Europe and Asia Pacific. Our investment approach is to acquire high-quality assets on a value basis and then drive investment performance through active operational improvements. Our long-term objective is to generate stable and growing distributions for our investors while protecting them against downside risk. SECTORS Office Retail Multifamily Industrial Hospitality Self Storage Student Housing PRIVATE FUND STRATEGIES Global Opportunistic Real Estate U.S. Multifamily Value-Add Real Estate U.S. Core/Core-Plus Real Estate U.S. Real Estate Debt PUBLIC SECURITIES STRATEGIES U.S. Real Estate Securities Value Income Global Real Estate Securities Alpha Global Real Estate Securities Long/Short TOP LEFT: CANARY WHARF, LONDON, UNITED KINGDOM; TOP RIGHT: POTSDAMER PLATZ, BERLIN, GERMANY; BOTTOM: BROOKFIELD PLACE, TORONTO, CANADA >400M $148B MANAGEMENT 2 COMMERCIAL SPACE ASSETS UNDER SQUARE FEET OF ~1,300 PROPERTIES UNDER MANAGEMENT 16,000 OPER ATING EMPLOYEES 1 6

9 Infrastructure We are one of the world s largest private sector investors, owners and operators of infrastructure assets globally across utilities, transportation, energy, communications infrastructure and sustainable resources. Our portfolio, grounded in more than 100 years of investment experience, provides diversified exposure to scarce, high-quality businesses with significant barriers to entry. Our long-term objective is to generate steady and growing returns to our investors. SECTORS Utilities Transportation Energy Sustainable Resources Communications Infrastructure PRIVATE FUND STRATEGIES Global Infrastructure Sustainable Resources Infrastructure Debt PUBLIC SECURITIES STRATEGIES Global Infrastructure Securities Master Limited Partnership and Energy Infrastructure Securities Global Infrastructure Securities Long/Short TOP: PD PORTS, TEESPORT, UNITED KINGDOM; BOTTOM LEFT: VLI RAIL, BRAZIL; BOTTOM RIGHT: TDF COMMUNICATIONS, PIC DU MIDI, FRANCE $32B ASSETS UNDER MANAGEMENT 2 >160 + DEDICATED PROFESSIONALS 1 28,000 OPER ATING EMPLOYEES 1 7

10 Renewable Power We are one of the largest pure-play renewable power investors globally, with an extensive track record in hydroelectric power generation. Our assets, located in North and South America and Europe, leverage our expertise as owners and operators, as we focus on generating attractive total returns over the long term. Our business has a number of advantages supporting cash flow growth and capital appreciation, and benefits from technological and geographical diversification. In addition, we sell the majority of our power under longterm, inflation-linked contracts that allow us to capture increases in power prices over time. SECTORS Hydro Wind Pumped Storage Biomass PRIVATE FUND STRATEGIES Global Infrastructure Infrastructure Debt TOP: HIGH FALLS HYDROELECTRIC FACILITY, QUEBEC, CANADA; BOTTOM LEFT: PRINCE WIND FARM, CANADA; BOTTOM RIGHT: CLERGUE HYDROELECTRIC FACILITY, CANADA $30B ASSETS UNDER MANAGEMENT POWER GENERATING FACILITIES 80 + RIVER SYSTEMS 2,000 OPER ATING EMPLOYEES 1 8

11 Private Equity We are a leading private equity business focused on owning and operating high-quality businesses that benefit from barriers to entry and/or low production costs. Our objective is long-term growth, which we seek both through acquisitions and organic means. We enhance the value of our assets with an operations-oriented approach that focuses on improving profitability, safety, product margins and cash flows. Our businesses operate within a number of industries with operations primarily located in North America, Europe, the Middle East, Australia and Brazil. SECTORS Business Services Industrials & Manufacturing Packaging & Specialty Paper Metals & Mining Energy Building Products Construction & Engineering Land Development & Home Building PRIVATE FUND STRATEGY Global Private Equity TOP LEFT: NORTH AMERICAN PALLADIUM, THUNDER BAY, CANADA; TOP RIGHT: GRAFTECH, OHIO, UNITED STATES; BOTTOM: QUADRANT ENERGY, DAMPIER, WESTERN AUSTRALIA $18B ASSETS UNDER MANAGEMENT INVESTMENT PROFESSIONALS 1 26,000 OPER ATING EMPLOYEES 1 9

12 TheBrookfield Advantage G L O B A L P R E S E N C E With a presence in over 30 countries, our global network provides extraordinary access to proprietary deal flow. O P E R A T I O N A L E X P E R T I S E We started as owners and operators of real assets, and continue to use our operational expertise to enhance cash flows, increase the value of underlying assets and produce solid long- term returns. C A P I T A L P R E S E R V A T I O N Protecting the capital entrusted to us is at the forefront of how we think about risk, which means that we pursue a prudent and disciplined approach to investing and financing. 10

13 L A R G E - S C A L E C A P I T A L Our strong balance sheet and ready access to largescale capital enable us to do transactions of a size that sets us apart. C O N T R A R I A N I N V E S T O R S Our experience shows us that the best opportunities are often found in out-offavor regions or sectors. A L I G N M E N T O F I N T E R E S T S Ensuring alignment of interests with our private fund investors is a priority for us: over 30% of the capital under management across our private funds is our own. 11

14 Contact Us For more information, please visit brookfield.com or contact us through one of our offices. UNITED STATES Brookfield Place 250 Vesey Street, 15th Floor New York, NY CANADA Brookfield Place 181 Bay Street, Suite 300 Bay Wellington Tower Toronto, ON M5J 2T UNITED KINGDOM 99 Bishopsgate 2nd Floor London EC2M 3XD AUSTRALIA Level King Street Sydney, NSW BRAZIL Avenida Antônio Gallotti s/n Edifício Pacific Tower BL2, 2 andar Barra da Tijuca Rio de Janeiro RJ

15 ENDNOTES 1 Investment professionals include investment and operating professionals across all of Brookfield s business groups (e.g., private funds and listed entities) and investment sectors (e.g., real estate, renewable power, infrastructure and private equity). Investment and operating professionals include all personnel involved in the investment and related processes, including research, investment analysis, risk analysis, performance measurement analysis, and other personnel. Operating employees include employees across all Brookfield s business lines (e.g., private funds, listed entities and public securities vehicles) and investment sectors. 2 Real estate, renewable power, infrastructure and private equity AUM excludes public securities managed by Brookfield Public Securities Group totaling $13 billion and cash, financial assets and other assets totaling ~$1 billion. N O T I C E This document is confidential and is intended solely for the information of the person to whom it has been delivered to provide an update regarding recent developments with respect to Brookfield. It may not be reproduced or transmitted, in whole or in part, to third parties except as agreed in writing by Brookfield. In addition, if the recipient is subject to section 552(a) of Title 5 of the United States Code (commonly known as the Freedom of Information Act ) or any other public disclosure law, rule or regulation of any governmental or non-governmental entity, it is acknowledged that the information contained herein is confidential, proprietary and a trade secret. None of Brookfield, its officers, employees, agents or affiliates makes any express or implied representation, warranty or undertaking with respect to this document. This document has been prepared for institutional and qualified investors only. It has not been filed with any securities regulator or self-regulatory organization and may not be reproduced, shown, quoted to, or used with members of the public. Brookfield is not making any offer or invitation of any kind by communication of this document to the recipient and under no circumstances is it to be construed as a prospectus or an advertisement. The information set forth herein does not purport to be complete. Nothing contained herein should be deemed to be a prediction or projection of Brookfield s future performance. Except where otherwise indicated herein, the information provided herein is based on matters as they exist as of the date of preparation and not as of any future date, and will not be updated or otherwise revised to reflect information that subsequently becomes available or circumstances existing or changes occurring after the date hereof. All data as of December 31, Brookfield Asset Management Inc.

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