Brookfield Business Partners CORPORATE PROFILE MAY 2016
Important Cautionary Notes 1 A U.S. registration statement and Canadian prospectus containing important information relating to our securities has been filed with the United States Securities and Exchange Commission and the Canadian Securities Administrators, respectively. This presentation does not provide full disclosure of all material facts relating to the securities. Investors in the United States should read the registration statement and investors in Canada should read the prospectus for disclosure of those facts, especially risk factors relating to our limited partnership units. This presentation does not constitute an offer to sell or the solicitation of an offer to buy any securities. Our limited partnership units are being distributed as a special dividend. All amounts are in U.S. dollars unless otherwise specified. Unless otherwise indicated, the statistical and financial data in this document is presented as of March 31, 2016. 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 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 include statements that are predictive in nature, depend upon or refer to future events or conditions, include statements regarding the operations, business, financial condition, expected financial results, performance, prospects, opportunities, priorities, targets, goals, ongoing objectives, strategies and outlook of Brookfield Business Partners and its subsidiaries, as well as the outlook for North American and international economies for the current fiscal year and subsequent periods. In some cases, forward-looking statements can be identified by terms such as “expects,” “anticipates,” “plans,” “believes,” “estimates,” “seeks,” “intends,” “targets,” “projects,” “forecasts” or negative versions thereof and other similar expressions, or future or conditional verbs such as “may,” “will,” “should,” “would” and “could.” Although we believe that our anticipated future results, performance or achievements expressed or implied by the forward-looking statements and information are based upon reasonable assumptions and expectations, the reader should not place undue reliance on forward-looking statements and information because they involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, which may cause the actual results, performance or achievements of Brookfield Business Partners to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking statements and information. Factors that could cause actual results to differ materially from those contemplated or implied by forward-looking statements include, but are not limited to: the impact or unanticipated impact of general economic, political and market factors in the countries in which we do business; the behavior of financial markets, including fluctuations in interest and foreign exchanges rate; global equity and capital markets and the availability of equity and debt financing and refinancing within these markets; strategic actions including dispositions; the ability to complete and effectively integrate acquisitions into existing operations and the ability to attain expected benefits; changes in accounting policies and methods used to report financial condition (including uncertainties associated with critical accounting assumptions and estimates); the effect of applying future accounting changes; business competition; operational and reputational risks; technological change; changes in government regulation and legislation within the countries in which we operate; changes in tax laws, catastrophic events, such as earthquakes and hurricanes; the possible impact of international conflicts and other developments including terrorist acts; and other risks and factors detailed from time to time in our documents filed with the securities regulators in Canada and the United States. We caution that the foregoing list of important factors that may affect future results is not exhaustive. When relying on our forward-looking statements, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Except as required by law, Brookfield Business Partners undertakes no 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. Brookfield Business Partners
2 OVERVIEW Brookfield Business Partners
Overview of Brookfield Business Partners 3 Business services and industrials company focused on long-term capital appreciation NYSE: BBU ~$2.1 Billion 1 TSX: BBU.UN Market Symbol Equity KEY ATTRIBUTES • Focus on owning and operating high-quality businesses that benefit from barriers to entry and/or low-cost production • We target long-term growth , either organic growth of our current operations or acquisitions where our operational expertise can surface value and enhance earnings • Our business is principally focused on operations where the broader Brookfield platform provides us with a competitive advantage , and where we are able to leverage the history and pedigree of Brookfield as an owne r and operator of real assets • We have flexibility to invest in multiple industries and in form , meaning we may acquire debt or equity securities, or provide financing to companies, in addition to business acquisitions 1. Represents estimated pro forma book value of equity. See “Capitalization” table on Page 56 of the Brookfield Business Partners L.P. Prospectus , dated May 13, 2016 (the “Prospectus”). Brookfield Business Partners
Organizational Structure 4 Brookfield Asset Management (BAM) 62% 1 63% 1 78% 1,2 30% 1 Brookfield Brookfield Brookfield Renewable Brookfield Property Partners Infrastructure Partners Partners Business Partners (BPY) (BIP) (BEP) (BBU) Infra- Private Equity Renewable Property Funds structure Funds Funds Utilities, Transport Office, Retail, Energy & Business Services, Hydroelectric Industrial, Multifamily, Communication Industrials Wind Hotel & Triple Net Lease Infrastructure • Brookfield Business Partners has entered into a Master Services Agreement with Brookfield Asset Management ‒ Provides a comprehensive suite of services to Brookfield Business Partners ‒ Base management fee equal to 1.25% annually of total capitalization of Brookfield Business Partners • Brookfield is entitled to receive incentive distributions based on a 20% increase in the unit price of BBP over the initial threshold of $25/unit 1. Fully diluted economic interest based on the exchange or conversion of all securities into common equity 2. Estimated; to be finalized at spin-off Brookfield Business Partners
Initial Operations in Two Primary Segments 5 Business Services Industrials Provide construction Provide business Energy supply chain Industrial manufacturing and related services services to global operations: operations comprised of globally, including: clients, including: primarily: • Oil & Gas • Design • Real Estate Production – low • Graphite Electrode Services cost, low decline, Production • Program long-life assets Management • Logistics • Pre-cast Concrete • Oilfield Services Construction • Procurement • Facilities Products Management Operations in North Operations in Australia, America and Australia • Aggregates the Middle East, Europe, • Financial Services Canada and India • Specialty Metals Brookfield Business Partners
Global Operations 6 200+ $8.1 Billion 1 Locations Assets EUROPE ASSETS $1.1 Billion NORTH AMERICA ASSETS $4.1 Billion MIDDLE EAST ASSETS $0.8 Billion AUSTRALIA ASSETS $2.1 Billion 1. As of March 31, 2016 Brookfield Business Partners
Q1 2016 Financial Snapshot 7 BOOK EQUITY $1.8 BILLION 1,2 TOTAL ASSETS $8.1 BILLION 1 Energy Energy 18% Construction Construction 26% Services Services 27% 43% Other Industrials 22% Other Other Industrials Business Other Services 29% Business 18% Services 17% TOTAL REVENUE $1.7 BILLION 3 Energy 4% Other Industrials 16% Other Business Services Construction 27% Services 53% 1. As of March 31, 2016 2. Attributable to unitholders assuming the exchange of all Redemption-Exchange units held by Brookfield for Limited Partnership units 3. Three months ending March 31, 2016 Brookfield Business Partners
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