Financial Data and Key Metrics Changes - Comparable revenue for the second quarter declined by 30% year-over-year, with the most significant impact in April [6] - Company EBITDA for Q2 was $286 million, up from $237 million in the previous year, while company FFO excluding gains was $173 million, or $1.15 per unit, compared to $138 million, or $1.06 per unit in Q2 2019 [19][20] - A net loss attributable to unit holders for Q2 was reported at $109 million, or $0.73 per unit, compared to a net income of $107 million, or $0.82 per unit in Q2 2019 [19][20] Business Line Data and Key Metrics Changes - The industrial segment generated company EBITDA of $98 million, with Clarios contributing $59 million despite reduced demand due to the economic slowdown [21] - GrafTech reported company EBITDA of $40 million, impacted by lower volumes and sale prices due to the global economic slowdown [22] - The Business Services segment generated company EBITDA of $64 million, with Multiplex showing improved performance compared to Q1 2020 [24] Market Data and Key Metrics Changes - BRK Ambiental in Brazil did not experience a material impact on volumes or service, and pipeline construction remained relatively unaffected [23] - The Brazilian government approved new rules to enhance private sector participation in the sanitation sector, which is expected to provide BRK with increased opportunities [23] Company Strategy and Development Direction - The company plans to focus on core operations and has agreed to sell Healthscope's New Zealand pathology business for $360 million to refocus on Australian hospital operations [12] - The company is actively pursuing new investments and has increased liquidity by enhancing credit facilities, allowing for flexibility in investment across industries [8][9] Management's Comments on Operating Environment and Future Outlook - Management noted that economic activity has gradually improved, with July revenue recovering to about 85% of comparable prior year levels [7] - The company is well-positioned to face the uncertain business environment and anticipates large-scale recapitalization opportunities as businesses with weakened balance sheets struggle to raise capital [9][42] Other Important Information - The company increased its credit facilities by $500 million, bringing total liquidity to approximately $2.3 billion [28] - The company has a four to five-year backlog of capital projects in BRK Ambiental, indicating a strong pipeline for future growth [34] Q&A Session Summary Question: What is the current status of BRK Ambiental's organic capital backlog and RFPs for new concessions? - Management indicated a four to five-year backlog of capital projects and positive outcomes from recent legislation facilitating private sector participation in Brazil [33][34] Question: How is BrandSafway performing in the current environment? - Management noted that while the business is resilient, it has seen a 30% deviation from planned EBITDA but expects recovery in the latter half of the year [39] Question: What is the outlook for new investment opportunities? - Management reported increased activity levels and a cautious approach to potential large-scale distressed opportunities as the economic environment evolves [42][43] Question: What are the implications for Multiplex's company EBITDA moving forward? - Management clarified that funding and EBITDA are separate, and while they may provide capital support, it will not impact future EBITDA [45] Question: How has COVID-19 impacted the investment thesis for larger investments? - Management acknowledged a loss of cash flow during Q1 and Q2 but noted a strong rebound in July, indicating a potential return to pre-COVID levels [53]

Brookfield Business Partners L.P. (NYSE:BBU) Q1 2020 Results Conference Call May 6, 2020 11:00 AM ET Company Participants Jaspreet Dehl - Chief Financial Officer Cyrus Madon - Chief Executive Officer Denis Turcotte - Chief Operating Officer Conference Call Participants Devin Dodge - BMO Capital Markets Rupert Merer - National Bank Andrew Kuske - Credit Suisse Operator Ladies and gentlemen, thank you for standing by and welcome to the Brookfield Business Partners’ Q1 2020 Results Conference Call and Webcas ...

Financial Performance (Q1 2020) - Company EBITDA increased by $28 million, from $266 million in Q1 2019 to $294 million in Q1 2020, driven by Industrials and Infrastructure Services segments[17] - Company FFO decreased by $11 million, from $205 million in Q1 2019 to $194 million in Q1 2020, due to higher interest and tax expenses[18] - Net loss attributable to unitholders was $126 million, compared to net income of $62 million in the prior period, impacted by impairment expenses and unrealized losses[18] - Revenues increased by $945 million, from $9,201 million to $10,146 million, primarily due to acquisitions[31] - Direct operating costs increased by $708 million, from $8,193 million to $8,901 million, primarily due to acquisitions[31] Balance Sheet (as of March 31, 2020) - Total assets decreased from $51,751 million to $49,419 million, primarily due to foreign exchange movements[19] - Non-recourse borrowings in subsidiaries increased, primarily related to the consolidation of Cardone[19] - Corporate borrowings were $283 million, with access to $1,792 million in undrawn credit facilities[19] - Equity attributable to unitholders decreased from $3,792 million to $3,061 million[17] Acquisitions and Dispositions (Q1 2020) - Acquired BrandSafway in Infrastructure Services for an invested capital of $445 million, representing a 17% economic interest[25] - Monetized Nova Cold in Business Services for proceeds of $45 million, resulting in a gain of $42 million[25]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) o REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) or (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ý ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR o 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 2019Results Earnings Conference Call February 6, 2020 11:00 AM ET Company Participants Jaspreet Dehl - Chief Financial Officer Cyrus Madon - Chief Executive Officer Denis Turcotte - Chief Operating Officer Conference Call Participants Devin Dodge - BMO Capital Markets Andrew Kuske - Credit Suisse Rupert Merer - National Bank Paul Holden - CIBC Operator Welcome to the Brookfield Business Partners Fourth Quarter 2019 Results Conference Call and Webcast. As a rem ...

Brookfield Business Partners LP (NYSE:BBU) Q3 2019 Earnings Conference Call November 7, 2019 11:00 AM ET Company Participants Jaspreet Dehl - Chief Financial Officer Cyrus Madon - Chief Executive Officer Conference Call Participants Devin Dodge - BMO Capital Geoff Kwan - RBC Capital Markets Rupert Merer - National Bank Operator Welcome to the Brookfield Business Partners' Third Quarter 2019 Results Conference Call and Webcast. As a reminder, all participants are in a listen-only mode and the conference is ...

Brookfield Business Partners L.P. (NYSE:BBU) Q2 2019 Earnings Conference Call July 31, 2019 10:00 AM ET Company Participants Cyrus Madon - Chief Executive Officer Jaspreet Dehl - Chief Financial Officer Conference Call Participants Devin Dodge - BMO Capital Andrew Kuske - Credit Suisse Geoff Kwan - RBC Capital Markets Paul Holden - CIBC Operator Welcome to the Brookfield Business Partners’ Second Quarter 2019 Results Conference Call and Webcast. As a reminder, all participants are in a listen-only mode and ...

Brookfield Business Partners LP (NYSE:BBU) Q1 2019 Earnings Conference Call May 1, 2019 11:00 AM ET CompanyParticipants Jaspreet Dehl - Chief Financial Officer Cyrus Madon - Chief Executive Officer Denis Turcotte - Managing President Conference CallParticipants Andrew Kuske - Credit Suisse Geoffrey Kwan - RBC Capital Markets Operator Welcome to the Brookfield Business Partners' First Quarter 2019 Results Conference Call and Webcast. As a reminder, all participants are in a listen-only mode and the conferenc ...