25/09/2025 - Brookfield Corporation: 2025 Investor Day (bbu ir day final presentation vff)

Brookfield Business Partners

September 25, 2025

Powering Our Next Wave of Growth

Anuj Ranjan, CEO, Brookfield Business Partners

Enabling the Movement of Money Globally

Sir Ron Kalifa, Vice Chair and Head of Financial Infrastructure

Doug Bayerd, Managing Partner, Brookfield Business Partners

The Compounding Value of Our Business

Jaspreet Dehl, CFO, Brookfield Business Partners

Key Takeaways and Q&A

Anuj Ranjan, CEO, Brookfield Business Partners

Powering Our Next Wave of Growth

Anuj Ranjan

CEO, Brookfield Business Partners

BBU is a large and valuable investment in Brookfield's private equity business

B R OOK F I E L D .C OM 4

25+ year private equity track record of exceptional returns

26%

Gross IRR

20%

Net IRR

>50%

Historical value creation from operational improvement

Please refer to endnotes at the back of this presentation.

B R OOK F I E L D .C OM 5

Improved trading performance

100%

50%

Total Return

0%

Today

-50%

2025

2023 2024

BBUC BBU S&P 500

BBUC +95%

BBU +84%

S&P 500 +59%

Please refer to endnotes at the back of this presentation.

B R OOK F I E L D .C OM 6

Significant discount to intrinsic value

Value of Our Business

(Per Unit)

+90%

$54

$28

Current trading price

Net asset value

Please refer to endnotes at the back of this presentation.

B R OOK F I E L D .C OM 7

Catalysts to support a re-rating

$2.1B	$1.4B	$250M	$525M
Realized proceeds	Pay down of corporate borrowings	Buyback program	Strategic growth investments

Please refer to endnotes at the back of this presentation.

B R OOK F I E L D .C OM 8

Secondaries are accretive options to surface value

$690M

Transaction value

8.6%

Discount to net asset value

Sale of interests in three businesses

Expected cash redemption over next 18 months Highly accretive and enhances future liquidity Retained upside of continued value creation

Please refer to endnotes at the back of this presentation.

B R OOK F I E L D .C OM 9

Introducing the new BBU Corporation

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Conversion into one publicly traded corporation

1 : 1

Conversion of all BBU LP units and BBUC exchangeable shares

Tax deferred for Canadian and U.S. investors

One security expected to be listed on the NYSE and TSX No impact to management fee or incentive distribution Expected completion in Q1 2026

Please refer to endnotes at the back of this presentation.

B R OOK F I E L D .C OM 11

Benefiting all BBU investors

Please refer to endnotes at the back of this presentation.

B R OOK F I E L D .C OM 12

The foundation

is set for the future

B R OOK F I E L D .C OM 13

Transforming the industrial backbone for decades

Early 2000s

$1B Invested

2016-20

$7B Invested

2010-15

$1B Invested

2021-Today

$4B Invested

Please refer to endnotes at the back of this presentation.

B R OOK F I E L D .C OM 14

The fourth industrial revolution is here

1st Revolution

2nd Revolution

3rd Revolution

4th Revolution

AI

Steam power

Mass production

Automation/PC

1784

1870

1969

Today

B R OOK F I E L D .C OM 15

AI is rewiring the global economy

~$7T AI infrastructure investment

$2T+ Annual productivity improvement opportunity

Please refer to endnotes at the back of this presentation.

B R OOK F I E L D .C OM 16

We are at the leading edge of the AI opportunity

B R OOK F I E L D .C OM 17

Established capabilities

AI Value Creation Office

• 30+ team members across Brookfield

• Sponsored by senior leadership

• Catalyst to accelerate the deployment of AI

• Common framework to evaluate ideas

• Prioritization of best use cases

B R OOK F I E L D .C OM 18

Driving greater efficiency of a legacy production facility

• AI and machine learning models utilized to analyze billions of data points across the production process

• Achieved record-breaking operational performance

• Exceeded cost savings targets by 60%+

• Created blueprint for efficiency savings

B R OOK F I E L D .C OM 19

Optimizing our data insights at our residential mortgage insurer

• Developed and trained machine learning models based on 20 years of proprietary data

• Increased automated underwriting by 1.5x

• Simulated thousands of macro scenarios

• Improved loss forecasting

• Increased fraud detection and prevention

B R OOK F I E L D .C OM 20

Our businesses are propelled by AI - not disrupted by it

B R OOK F I E L D .C OM 21

Enabling the Movement of Money Globally

Sir Ron Kalifa

Vice Chair and Head of Financial Infrastructure

Doug Bayerd

Managing Partner, Brookfield Business Partners

Global shift driving $4 trillion financial infrastructure opportunity

B R OOK F I E L D .C OM 23

Opportunity fueled by disruptive trends

Payments	Capital Markets	Banking Technology	Wealth
Cash-to-card conversion	Higher volatility Gen AI adoption	Modernization of legacy systems	Growing household wealth Access to private markets
Card network consolidation Fragmented acquiring landscape	Distributed ledgers & tokenization	Rising regulatory burden Digital experiences	Complexity & regulation

B R OOK F I E L D .C OM 24

Asset-light financial services and technology businesses

Market leader	Essential offering	Product leadership
Recurring cash flows	Access to distribution	Regulatory framework

B R OOK F I E L D .C OM 25

$7 billion of financial infrastructure assets under management

B R OOK F I E L D .C OM 26

Watch Now

Financial Infrastructure in Action: Payments Processing

B R OOK F I E L D .C OM 27

The Compounding Value of Our Business

Jaspreet Dehl

CFO, Brookfield Business Partners

Today's discussion

Annual Report Card

Our Financing Approach

View of Value

B R OOK F I E L D .C OM 29

We've made excellent progress over the last year

B R OOK F I E L D .C OM 30

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Brookfield Business Partners LP published this content on September 25, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on September 25, 2025 at 18:07 UTC.