UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) or (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 19 ...

Brookfield Business Partners L.P. (NYSE:BBU) Q4 2022 Earnings Conference Call February 3, 2023 11:00 AM ET Company Participants Alan Fleming - Senior Vice President of Investor Relations Cyrus Madon - Chief Executive Officer Denis Turcotte - Chief Operating Officer Jaspreet Dehl - Chief Financial Officer Conference Call Participants Gary Ho - Desjardins Jaeme Gloyn - National Bank Matthew Weekes - Industrial Alliance Operator Welcome to Brookfield Business Partners' Fourth Quarter 2022 Results Conference Ca ...

UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS OF BROOKFIELD BUSINESS PARTNERS L.P. As at September 30, 2022 and December 31, 2021 and for the three and nine months ended September 30, 2022 and 2021 1 INDEX TO THE UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS OF BROOKFIELD BUSINESS PARTNERS L.P. | Unaudited Interim Condensed Consolidated Statements of Financial Position | 3 | | --- | --- | | Unaudited Interim Condensed Consolidated Statements of Operating Results | 4 | | Unaud ...

Brookfield Business Partners L.P. (NYSE:BBU) Q3 2022 Results Conference Call November 4, 2022 9:30 AM ET Company Participants Alan Fleming - Senior Vice President of Investor Relations Cyrus Madon - Chief Executive Officer Denis Turcotte - Chief Operating Officer Jaspreet Dehl - Chief Financial Officer Conference Call Participants Gary Ho - Desjardins Jaeme Gloyn - National Bank Operator Welcome to the Brookfield Business Partners Third Quarter 2022 Results Conference Call and Webcast [Operator Instructions ...

Brookfield Business Partners L.P. (NYSE:BBU) Q2 2022 Earnings Conference Call August 5, 2022 10:00 AM ET Company Participants Alan Fleming - Senior Vice President of Investor Relations Stuart Levings - Chief Executive Officer, Sagen Jaspreet Dehl - Chief Financial Officer Cyrus Madon - Chief Executive Officer Denis Turcotte - Chief Operating Officer Conference Call Participants Geoff Kwan - RBC Capital Markets Devin Dodge - BMO Capital Markets Nik Priebe - CIBC Capital Markets Jaeme Gloyn - National Bank. G ...

```markdown Unaudited Interim Condensed Consolidated Financial Statements [Unaudited Interim Condensed Consolidated Statements of Financial Position](index=3&type=section&id=Unaudited%20Interim%20Condensed%20Consolidated%20Statements%20of%20Financial%20Position) As of March 31, 2022, total assets were $66.16 billion, an increase from $64.22 billion at December 31, 2021, with total liabilities also increasing to $53.14 billion from $51.22 billion, while total equity remained relatively stable at $13.02 billion Consolidated Statement of Financial Position (US$ Millions) | | March 31, 2022 | December 31, 2021 | | :--- | :--- | :--- | | **Total Current Assets** | $16,867 | $15,418 | | **Total Non-Current Assets** | $49,295 | $48,801 | | **Total Assets** | **$66,162** | **$64,219** | | **Total Current Liabilities** | $14,798 | $13,912 | | **Total Non-Current Liabilities** | $38,341 | $37,307 | | **Total Liabilities** | **$53,139** | **$51,219** | | **Total Equity** | **$13,023** | **$13,000** | | **Total Liabilities and Equity** | **$66,162** | **$64,219** | [Unaudited Interim Condensed Consolidated Statements of Operating Results](index=4&type=section&id=Unaudited%20Interim%20Condensed%20Consolidated%20Statements%20of%20Operating%20Results) For the three months ended March 31, 2022, the partnership reported revenues of $13.47 billion and a net income of $19 million, a significant decrease in net income from $1.77 billion in the same period of 2021, primarily due to a large gain on dispositions in the prior year, with basic and diluted earnings per limited partner unit at $0.18, down from $3.57 in Q1 2021 Statement of Operating Results (US$ Millions, except per unit amounts) | | Three Months Ended March 31, 2022 | Three Months Ended March 31, 2021 | | :--- | :--- | :--- | | **Revenues** | $13,472 | $9,829 | | Direct operating costs | ($12,595) | ($8,978) | | Gain (loss) on acquisitions/dispositions, net | $— | $1,807 | | **Income (loss) before income tax** | $68 | $1,926 | | **Net income (loss)** | **$19** | **$1,767** | | Net income (loss) attributable to Limited partners | $14 | $281 | | **Basic and diluted earnings (loss) per limited partner unit** | **$0.18** | **$3.57** | [Unaudited Interim Condensed Consolidated Statements of Comprehensive Income (Loss)](index=5&type=section&id=Unaudited%20Interim%20Condensed%20Consolidated%20Statements%20of%20Comprehensive%20Income%20%28Loss%29) The partnership reported a comprehensive income of $173 million for Q1 2022, a significant decrease from $1.68 billion in Q1 2021, driven by a lower net income of $19 million (vs. $1.77 billion in Q1 2021) and a total other comprehensive income of $154 million (vs. a loss of $90 million in Q1 2021) Statement of Comprehensive Income (Loss) (US$ Millions) | | Three Months Ended March 31, 2022 | Three Months Ended March 31, 2021 | | :--- | :--- | :--- | | **Net income (loss)** | $19 | $1,767 | | **Other comprehensive income (loss)** | $154 | ($90) | | *Foreign currency translation* | *367* | *(330)* | | **Comprehensive income (loss)** | **$173** | **$1,677** | | Attributable to Limited partners | $27 | $271 | [Unaudited Interim Condensed Consolidated Statements of Changes in Equity](index=6&type=section&id=Unaudited%20Interim%20Condensed%20Consolidated%20Statements%20of%20Changes%20in%20Equity) Total equity increased slightly from $13.00 billion at the beginning of 2022 to $13.02 billion at March 31, 2022, driven by comprehensive income of $173 million and contributions of $402 million, offset by distributions of $591 million and unit repurchases of $44 million, with a significant change being the issuance of BBUC exchangeable shares that reallocated equity from limited partners to this new class of non-controlling interest Changes in Equity for Q1 2022 (US$ Millions) | | Total Equity | | :--- | :--- | | **Balance as at January 1, 2022** | **$13,000** | | Net income (loss) | $19 | | Other comprehensive income (loss) | $154 | | Contributions | $402 | | Distributions | ($591) | | Unit repurchases | ($44) | | Issuance of BBUC exchangeable shares | $0 | | Other ownership changes | $83 | | **Balance as at March 31, 2022** | **$13,023** | [Unaudited Interim Condensed Consolidated Statements of Cash Flow](index=7&type=section&id=Unaudited%20Interim%20Condensed%20Consolidated%20Statements%20of%20Cash%20Flow) For Q1 2022, the partnership experienced a net cash outflow from operating activities of $267 million, a reversal from a $115 million inflow in Q1 2021, primarily due to changes in non-cash working capital, with cash used in investing activities at $926 million and cash from financing activities at $840 million, resulting in an overall decrease of $311 million in cash and cash equivalents to $2.28 billion Statement of Cash Flow (US$ Millions) | | Three Months Ended March 31, 2022 | Three Months Ended March 31, 2021 | | :--- | :--- | :--- | | **Cash from operating activities** | **($267)** | **$115** | | **Cash from (used in) financing activities** | **$840** | **$943** | | **Cash from (used in) investing activities** | **($926)** | **($1,131)** | | Impact of foreign exchange | $42 | ($33) | | **Change during the period** | **($353)** | **($73)** | | Balance, beginning of year | $2,588 | $2,743 | | **Balance, end of period** | **$2,277** | **$2,637** | [Notes to Unaudited Interim Condensed Consolidated Financial Statements](index=8&type=section&id=Notes%20to%20Unaudited%20Interim%20Condensed%20Consolidated%20Financial%20Statements) This section provides detailed explanations of the accounting policies and figures presented in the financial statements, covering the partnership's structure, significant transactions, financial instruments, and segment performance [Note 1. Nature and Description of the Partnership](index=9&type=section&id=Note%201.%20Nature%20and%20Description%20of%20the%20Partnership) Brookfield Business Partners L.P. is a global owner and operator of services and industrial operations, established as a Bermuda limited partnership and a subsidiary of Brookfield Asset Management, which completed a special distribution on March 15, 2022, issuing one BBUC exchangeable share for every two partnership units held, creating a new publicly traded entity (BBUC) that the partnership continues to control - The partnership is a global owner and operator of services and industrial businesses, listed on the NYSE and TSX under symbols **'BBU'** and **'BBU.UN'**[19](index=19&type=chunk) - On March 15, 2022, the partnership executed a special distribution, issuing one **BBUC** exchangeable share for every two units held. These new shares are listed on the NYSE and TSX under the symbol **'BBUC'**[21](index=21&type=chunk)[23](index=23&type=chunk) [Note 3. Acquisition of Businesses](index=12&type=section&id=Note%203.%20Acquisition%20of%20Businesses) The partnership reported no significant acquisitions in Q1 2022, but the note details significant acquisitions from 2021, which collectively involved $9.5 billion in consideration, including Everise (customer management), Aldo (solar distribution), DexKo (engineered components), and Modulaire (modular leasing), contributing significantly to the growth in assets and goodwill - There were no significant acquisitions completed in the three months ended March 31, 2022[39](index=39&type=chunk) Summary of 2021 Acquisitions (US$ Millions) | Business | Segment | Total Consideration | Partnership's Economic Interest | | :--- | :--- | :--- | :--- | | Everise | Business Services | $282 | 36% | | Aldo | Industrials | $623 | 35% | | DexKo | Industrials | $3.8 billion | 35% (reduced to 34%) | | Modulaire | Infrastructure Services | $4.8 billion | 36% (reduced to 32%) | [Note 8. Dispositions](index=18&type=section&id=Note%208.%20Dispositions) No net gains or losses on dispositions were recognized in Q1 2022, in contrast to Q1 2021, which saw a significant net gain of $1.807 billion, primarily from the deconsolidation and sale of shares in its graphite electrode operations, resulting in a pre-tax gain of $1.764 billion - The partnership did not recognize any net gains or losses on dispositions for the three-month period ended March 31, 2022[73](index=73&type=chunk) - In Q1 2021, the partnership recognized a net gain on dispositions of **$1,807 million**, mainly from the sale of its graphite electrode operations, which resulted in a pre-tax gain of **$1,764 million** upon deconsolidation[74](index=74&type=chunk)[75](index=75&type=chunk) [Note 16. Borrowings](index=22&type=section&id=Note%2016.%20Borrowings) As of March 31, 2022, corporate borrowings stood at $1.70 billion, with $374 million available on bilateral credit facilities, while non-recourse subsidiary borrowings totaled $28.66 billion, and the partnership also has an undrawn $1.0 billion revolving credit facility with its parent, Brookfield Borrowings Summary (US$ Millions) | Borrowing Type | March 31, 2022 | December 31, 2021 | | :--- | :--- | :--- | | Corporate borrowings | $1,701 | $1,619 | | Non-recourse subsidiary borrowings | $28,656 | $27,457 | - The partnership has access to a **$1.0 billion** revolving credit facility with Brookfield, which remained undrawn as of March 31, 2022[94](index=94&type=chunk) [Note 19. Equity](index=24&type=section&id=Note%2019.%20Equity) The partnership's equity structure includes LP Units, GP Units, Redemption-Exchange Units, and newly issued BBUC exchangeable shares, with Q1 2022 seeing a distribution of $0.0625 per unit and the repurchase of 1,118,136 LP Units, and a special distribution on March 15, 2022, resulting in the issuance of 73 million BBUC exchangeable shares, which are economically equivalent to LP Units - As of March 31, 2022, Brookfield owns approximately **65%** of the partnership on a fully exchanged basis[109](index=109&type=chunk) - In Q1 2022, the partnership repurchased and canceled **1,118,136** LP Units[112](index=112&type=chunk) - On March 15, 2022, a special distribution resulted in the issuance of **73 million** BBUC exchangeable shares to unitholders[118](index=118&type=chunk) [Note 22. Revenues](index=28&type=section&id=Note%2022.%20Revenues) Total revenues for Q1 2022 were $13.47 billion, up from $9.83 billion in Q1 2021, with the Business Services segment being the largest contributor at $8.27 billion, and the United Kingdom ($5.20 billion), the United States ($2.06 billion), and Europe ($2.09 billion) being the top revenue-generating regions geographically Revenues by Segment (US$ Millions) | Segment | Q1 2022 | Q1 2021 | | :--- | :--- | :--- | | Business services | $8,274 | $5,902 | | Infrastructure services | $1,528 | $1,111 | | Industrials | $3,670 | $2,816 | | **Total revenues** | **$13,472** | **$9,829** | Revenues by Geography for Q1 2022 (US$ Millions) | Geography | Revenue | | :--- | :--- | | United Kingdom | $5,204 | | United States of America | $2,058 | | Europe | $2,087 | | Australia | $1,125 | | Canada | $898 | | Other | $1,426 | | **Total revenues** | **$13,472** | [Note 23. Segment Information](index=30&type=section&id=Note%2023.%20Segment%20Information) The partnership assesses performance using Adjusted Earnings from Operations (Adjusted EFO), which for Q1 2022 totaled $310 million, down from $545 million in Q1 2021 due to significant realized disposition gains in the prior year, with the reconciliation showing adjustments for items like depreciation ($702 million) to arrive at the IFRS net income of $19 million Adjusted EFO by Segment (US$ Millions) | Segment | Q1 2022 | Q1 2021 | | :--- | :--- | :--- | | Business services | $80 | $70 | | Infrastructure services | $139 | $73 | | Industrials | $122 | $421 | | Corporate and other | ($31) | ($19) | | **Total Adjusted EFO** | **$310** | **$545** | - Adjusted EFO is the primary measure used by the Chief Operating Decision Maker (CODM) to assess performance. It excludes items like depreciation, deferred taxes, and unrealized gains/losses but includes realized disposition gains[145](index=145&type=chunk) [Note 26. Subsequent Events](index=35&type=section&id=Note%2026.%20Subsequent%20Events) Subsequent to the quarter-end, the Board of Directors declared a quarterly distribution of $0.0625 per unit, and on April 4, 2022, the partnership completed the acquisition of Scientific Games Lottery for a total consideration of $5.7 billion, acquiring an approximate 35% economic interest - A quarterly distribution of **$0.0625** per unit was declared on May 5, 2022, payable on June 30, 2022[168](index=168&type=chunk) - On April 4, 2022, the partnership acquired Scientific Games Lottery for **$5.7 billion**. The acquisition contributed approximately **$4.0 billion** in intangible assets and **$1.2 billion** in goodwill based on a preliminary purchase price allocation[171](index=171&type=chunk)[173](index=173&type=chunk) Management's Discussion and Analysis of Financial Condition and Results of Operations [Overview of Our Business](index=39&type=section&id=Overview%20of%20Our%20Business) The partnership operates high-quality business services and industrial operations globally, focusing on businesses with strong competitive positions, structured into four segments: Business Services, Infrastructure Services, Industrials, and Corporate, with Q1 2022 total assets of $66.2 billion and revenues of $13.5 billion, primarily from operations in the U.K., U.S., Europe, and Australia - The partnership's goal is to generate returns primarily through capital appreciation with a modest distribution yield by enhancing cash flows, pursuing acquisitions, and recycling capital[190](index=190&type=chunk) Assets and Revenues by Segment (Q1 2022, US$ Billions) | Operating Segment | Total Assets (Mar 31, 2022) | Revenues (Q1 2022) | | :--- | :--- | :--- | | Business services | $21.8 | $8.3 | | Infrastructure services | $16.0 | $1.5 | | Industrials | $28.0 | $3.7 | | Corporate and other | $0.3 | $0.0 | [Developments in Our Business](index=43&type=section&id=Developments%20in%20Our%20Business) The partnership has been highly active in acquisitions since the end of 2021, closing the $5.7 billion acquisition of Scientific Games Lottery in April 2022 and signing agreements to acquire Cupa (roofing products), Magnati (payment processing), La Trobe (non-bank lender), Nielsen (media analytics), and CDK Global (automotive software), while Brookfield committed to subscribe for up to $1.5 billion in perpetual preferred equity to fund future growth - Closed the acquisition of Scientific Games Lottery for **$5.7 billion** on April 4, 2022[224](index=224&type=chunk) - Signed agreements to acquire several businesses, including Nielsen in a **$16 billion** transaction and CDK Global for **$8.3 billion**[223](index=223&type=chunk)[225](index=225&type=chunk) - Secured a commitment from Brookfield for up to **$1.5 billion** in **6%** perpetual preferred equity securities to support future growth opportunities[220](index=220&type=chunk) [Outlook](index=44&type=section&id=Outlook) The partnership anticipates continued growth through organic initiatives and strategic acquisitions, focusing on managing inflationary pressures and leveraging strong performance in key segments to expand its global footprint - **Business Services:** Expects normalization in the Canadian housing market for its mortgage insurer and recovery in elective surgeries for its Australian healthcare operations[227](index=227&type=chunk) - **Infrastructure Services:** Focus is on cost savings and new business to offset Ukraine-related disruptions in nuclear services, while leveraging profit-sharing agreements in offshore oil services[229](index=229&type=chunk) - **Industrials:** Managing inflationary impacts on its advanced energy storage operations through pricing actions and operational improvements. Recently acquired engineered components manufacturer is performing strongly[230](index=230&type=chunk) - **Growth Strategy:** Continues to pursue large-scale acquisitions, such as Scientific Games Lottery, Cupa, Magnati, La Trobe, Nielsen, and CDK, to expand its global footprint and enhance long-term cash flows[231](index=231&type=chunk)[232](index=232&type=chunk) [Unaudited Interim Condensed Consolidated Results of Operations Review](index=46&type=section&id=Unaudited%20Interim%20Condensed%20Consolidated%20Results%20of%20Operations%20Review) For Q1 2022, net income was $19 million, a sharp decrease from $1.77 billion in Q1 2021, primarily because the prior-year period included a large gain from the partial disposal of the graphite electrode operations, while revenues increased by 37% to $13.47 billion, driven by higher prices and volumes in road fuels and contributions from recent acquisitions, with direct operating costs rising in line with revenues - The decrease in net income from **$1,767 million** in Q1 2021 to **$19 million** in Q1 2022 was primarily due to a significant gain on the disposal of graphite electrode operations recognized in the prior year[236](index=236&type=chunk) - Revenues increased by **$3.6 billion (37%)** year-over-year, mainly from the business services segment (higher road fuel prices/volumes) and the industrials segment (contributions from new acquisitions)[238](index=238&type=chunk) [Segment Analysis](index=53&type=section&id=Segment%20Analysis) In Q1 2022, total Adjusted EBITDA increased to $506 million from $387 million in Q1 2021, driven by growth across all operating segments, though net income attributable to Unitholders fell to $28 million from $530 million due to a large disposition gain in the prior year, with Infrastructure Services showing the largest Adjusted EBITDA growth Adjusted EBITDA by Segment (US$ Millions) | Segment | Q1 2022 | Q1 2021 | | :--- | :--- | :--- | | Business services | $114 | $104 | | Infrastructure services | $208 | $136 | | Industrials | $217 | $172 | | Corporate and other | ($33) | ($25) | | **Total Adjusted EBITDA** | **$506** | **$387** | - The partnership uses Adjusted EBITDA and Adjusted EFO as key performance measures. Adjusted EBITDA is a non-IFRS measure that excludes items like interest, taxes, D&A, and certain non-recurring gains/losses[268](index=268&type=chunk)[270](index=270&type=chunk) [Business Services Segment](index=54&type=section&id=Business%20Services%20Segment) Adjusted EBITDA for the Business Services segment increased by $10 million to $114 million in Q1 2022, primarily driven by a strong performance from the residential mortgage insurer, which benefited from a resilient Canadian housing market and increased ownership, partially offset by reduced activity in Australian healthcare services due to government restrictions on elective surgeries - The residential mortgage insurer's contribution to Adjusted EBITDA grew to **$71 million** from **$39 million** in the prior year, due to increased ownership (**41%** vs. **24%**) and strong market conditions[280](index=280&type=chunk) - Healthcare services performance was impacted by government-mandated restrictions on elective surgeries in Australia, with admissions recovering after restrictions were lifted in March[280](index=280&type=chunk) [Infrastructure Services Segment](index=55&type=section&id=Infrastructure%20Services%20Segment) The Infrastructure Services segment saw a significant increase in Adjusted EBITDA, rising $72 million to $208 million in Q1 2022, largely due to a $40 million contribution from the newly acquired modular building leasing operations and a $23 million increase from offshore oil services, which benefited from profit-sharing agreements tied to higher oil prices - The modular building leasing services operations, acquired in Q4 2021, contributed **$40 million** to Adjusted EBITDA[286](index=286&type=chunk) - Offshore oil services operations' Adjusted EBITDA increased to **$70 million** from **$47 million**, boosted by profit-sharing agreements linked to oil prices and production volumes[286](index=286&type=chunk) [Industrials Segment](index=56&type=section&id=Industrials%20Segment) Adjusted EBITDA for the Industrials segment increased by $45 million to $217 million in Q1 2022, driven by a $42 million contribution from the newly acquired engineered components manufacturer, though Adjusted EFO fell sharply to $122 million from $421 million, as the prior-year figure included large gains from the sale of the graphite electrode operations - The engineered components manufacturer, acquired in Q4 2021, contributed **$42 million** to Adjusted EBITDA[291](index=291&type=chunk) - Adjusted EFO decreased by **$299 million** year-over-year due to a large gain on the sale of common shares of the graphite electrode operations in Q1 2021[290](index=290&type=chunk) [Liquidity and Capital Resources](index=61&type=section&id=Liquidity%20and%20Capital%20Resources) The partnership maintains a strong liquidity profile with principal sources including cash from operations, undrawn credit facilities, and access to capital markets, holding $30.4 billion in borrowings and an additional $6.1 billion in undrawn credit facilities as of March 31, 2022, with a consolidated net debt-to-capitalization ratio of 68%, and cash flow from operations being a negative $267 million for the quarter due to working capital changes - As of March 31, 2022, the partnership has **$30.4 billion** in borrowings with an additional capacity of **$6.1 billion** in undrawn credit facilities at corporate and subsidiary levels[316](index=316&type=chunk) Net Debt-to-Capitalization (US$ Millions) | | March 31, 2022 | December 31, 2021 | | :--- | :--- | :--- | | Net debt | $28,080 | $26,488 | | Total equity | $13,023 | $13,000 | | **Net debt-to-capitalization ratio** | **68%** | **67%** | - Cash flow from operating activities was a use of **$267 million** in Q1 2022, compared to a source of **$115 million** in Q1 2021, mainly due to changes in non-cash working capital[326](index=326&type=chunk) [Reconciliation of Non-IFRS Measures](index=58&type=section&id=Reconciliation%20of%20Non-IFRS%20Measures) This section explains and reconciles the non-IFRS measure, Adjusted EBITDA, to the most comparable IFRS measure, net income, with Q1 2022 Adjusted EBITDA at $506 million, and the reconciliation adding back items such as depreciation and amortization ($702 million), net interest expense ($460 million), and income taxes ($49 million) to the net income of $19 million, while also adjusting for non-controlling interests and other items - Adjusted EBITDA is a key non-IFRS performance measure used by management, calculated by excluding items like interest, taxes, D&A, impairment, and certain non-recurring gains/losses from net income[297](index=297&type=chunk) Reconciliation of Net Income to Adjusted EBITDA for Q1 2022 (US$ Millions) | | Total | | :--- | :--- | | **Net income (loss)** | **$19** | | Depreciation and amortization expense | $702 | | Other income (expense), net | $99 | | Income tax (expense) recovery | $49 | | Equity accounted income (loss) | ($50) | | Interest income (expense), net | $460 | | Equity accounted Adjusted EBITDA | $58 | | Amounts attributable to non-controlling interests | ($831) | | **Adjusted EBITDA** | **$506** | ```

Brookfield Business Partners L.P. (NYSE:BBU) Q1 2022 Earnings Conference Call May 6, 2022 11:00 AM ET Company Participants Alan Fleming - Senior Vice President, Investor Relations Cyrus Madon - Chief Executive Officer Jaspreet Dehl - Chief Financial Officer Patrick Fragman - Chief Executive Officer, Westinghouse Electric Company Conference Call Participants Devin Dodge - BMO Capital Markets Geoff Kwan - RBC Capital Markets Gary Ho - Desjardins Capital Jaeme Gloyn - National Bank. Nik Priebe - CIBC Capital M ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) or (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 19 ...