Brookfield Business Partners L.P.(BBU) - 2020 Q4 - Earnings Call Presentation

Financial Performance Highlights - Company EBITDA increased to $423 million in Q4 2020, up from $342 million in Q4 2019, driven by acquisitions [11] - Company FFO increased to $295 million in Q4 2020, compared to $243 million in Q4 2019, including gains from dispositions [11] - Net loss attributable to unitholders was $85 million, compared to net income of $105 million in 2019, impacted by impairments [12] Balance Sheet and Liquidity - Total assets increased to $54746 million as of December 31, 2020, from $51751 million at the end of 2019, due to acquisitions [12] - Corporate liquidity stood at $2517 million as of December 31, 2020, including $552 million in cash and financial assets and $1965 million in undrawn credit facilities [17] - Corporate borrowings were $610 million as of December 31, 2020, compared to $nil at the end of 2019 [32] Segment Performance - Business Services' Company EBITDA increased to $92 million in Q4 2020 from $51 million in Q4 2019, driven by acquisitions [15] - Infrastructure Services' Company EBITDA increased to $156 million in Q4 2020 from $106 million in Q4 2019, driven by Westinghouse and Altera [15] - Industrials' Company EBITDA decreased to $195 million in Q4 2020 from $215 million in Q4 2019, impacted by lower GrafTech contributions [15] Capital Management - 881245 units were repurchased under the Normal Course Issuer Bid (NCIB) during the quarter [17] - The volume weighted average price per unit was $3375, below the incentive distribution threshold of $4196 per unit, resulting in no incentive distribution [51]