Brookfield Business Partners LP (NYSE:BBU)
$ 24.45 0 (0%) Market Cap: 1.83 Bil Enterprise Value: 42.47 Bil PE Ratio: 3.76 PB Ratio: 1.00 GF Score: 78/100
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Q3 2024 Brookfield Business Partners LP Earnings Call Transcript

Nov 8, 2024 / 03:00 PM GMT
Release Date Price: $25.02 (+2.04%)

Key Points

Positve
  • Brookfield Business Partners LP (BBU) reported a strong financial performance with adjusted EBITDA increasing to $844 million, driven by credits from the Inflation Reduction Act.
  • The company successfully closed the acquisition of Network International, which will be combined with Magnati to create a leading digital payments business in the Middle East.
  • BBU generated over $350 million from distributions and monetizations, including the sale of a significant portion of Altera.
  • The company has realized over $6 billion from the sale of 20 businesses, achieving a three times multiple of capital and an IRR of approximately 30%.
  • BBU's shares have increased nearly 70% since last year, indicating strong market performance and investor confidence.
Negative
  • The healthcare services operation in Australia is facing challenges due to an unsustainable cost structure primarily driven by wage inflation.
  • There is softness in select markets, particularly in the engineered components manufacturer segment, with weaker sales volumes expected to normalize next year.
  • The trading price of BBU shares is still at a wide discount to intrinsic value, despite recent increases.
  • The company is focused on reducing borrowings at the corporate credit facility, indicating a need to manage debt levels.
  • Performance at the lottery services operations was impacted by the push out of terminal deliveries and lower jackpot levels, resulting in softer industry volumes.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

BBU_u.TO - Brookfield Business Partners LP
Q3 2024 Brookfield Business Partners LP Earnings Call
Nov 08, 2024 / 03:00PM GMT

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Presentation
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Unidentified_1 [1]
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Welcome to the Brookfield Business Partners third quarter, 2024 results conference call and webcast. As a reminder, all participants are in listen-only mode and the conference is being recorded after the presentation, there will be an opportunity to ask questions to join the question queue. Simply press star 11 on your touchtone phone. Now, I would like to turn the conference over to Alan Fleming, head of Investor relations. Please go ahead Mr Fleming.

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Unidentified_2 [2]
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Thank you operator and good morning before we begin, I'd
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