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A pre-induction module for prospective Brookfield Rail employees.
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BROOKFIELD RAIL INDUCTION
An introduction to our business
2
Discussion Points
• Who is Brookfield• What is Brookfield doing in WA and Australia besides rail• Who is Brookfield Rail (BR)
Brookfield In Profile: A Global Asset Management Company
3
Brookfield has a 100 year history as a global investor, operator and leading asset manager of high quality alternative assets
Private equity in our areas of expertise in North America and
Brazil
PROPERTYRENEWABLE
POWER INFRASTRUCTURE PRIVATE EQUITY
$105 billion AUM
$20 billion AUM $26 billion AUM $27 billion AUM
Over 340 million sq.ft: office, retail,
industrial, multifamily and other
investments
~200 hydro facilities11 wind farms~5,900 MW
Ports, rails, toll roads, natural gas
pipelines, transmission lines, timberlands and
agrilands
Private equity in our areas of expertise and residential in
North America and Brazil
Brookfield In Profile: A Global Asset Management Company
4
Brookfield Asset Management
5
What else is Brookfield doing in Australia?
One Shelley StreetDalrymple Bay Coal Terminal (DBCT)
Royal Randwick Race Course
One Shelley Street, Sydney33,000 sqm A-grade
commercial office building leased to Macquarie Group.
Royal Randwick Race Course, SydneyWorld class redevelopment to include new grandstand, theatre of the horses parade ring, 1,000 seat ballroom and recreational areas.
Dalrymple Bay Coal Terminal (DBCT), North Queensland One of the world’s largest coal terminals, accounting for 8% of the total global seaborne coal exports
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What else is Brookfield doing in WA?
Fiona Stanley Hospital Bankwest Tower Brookfield Place
Fiona Stanley Hospital, Perth783 bed hospital with state of the art emergency centre to
support a trauma centre, burns unit, mental health unit and
cancer services.
Brookfield Place, Perth76,000 sqm office tower
leased to BHP Billiton, PwC and Barrick Gold.
Development of Tower Two
Bankwest Tower, St Georges Terrace Perth
52-level, A-grade commercial office tower
+ New 6 star hotel at Burswood
Bidding for Multi-user Iron Ore Facility at Esperance Port and
Perth Stadium, Burswood
7
Brookfield Rail Overview
• Brookfield Rail controls over 5,100 kilometres of rail infrastructure throughout the southern half of WA
• A total of 320 direct and 150+ indirect employees, with a combined rail industry experience of over 4000 years.
• Rail network traverses through various urban areas throughout WA such as Perth (capital city), Kalgoorlie (key largely mining focused town) in the east, and connects WA with Australia’s central and eastern states
• 100% indirectly wholly owned by Brookfield Infrastructure Partners
• Operates only track and track related assets (“below rail”)
• One of the few independent below rail infrastructure providers in the world
• Exclusive lease with State Government of WA until 2049
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Lessee since 2000; Owned by Brookfield since 2010
8
Ownership
Business Structure
Westrail
(owned by Western Australian State Government)
WestNet Rail
(subsidiary of ARG – owned 50/50 by Wesfarmers and Genesee and Wyoming)
WestNet Rail
(controlled entity of Babcock and Brown
Infrastructure)
Brookfield Rail
(owned by Brookfield Infrastructure Partners L.P)
Run as integrated business with Network Division set-up separately in lead up to
privatisation.
Run as a “ring-fenced” business, inside an integrated
business.
Run as a stand-alone Track Owner.
December 2000
June 2006 November 2010
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Assets and Responsibilities
Train Scheduling and Capacity Allocation
Track Works / Maintenance & Construction
Level Crossings
Structures Train Control and Safety Oversight
Signalling & Communication
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We work in partnership with our customers to optimise the supply chain• Today’s task is heavily tilted to the resources task• Interstate freight and grain remain critical rail tasks with tonnages
growing• We have a base of strong capable customers Coal
1%
Freight27%
Alumina & Re-lated14%
Grain 29%
Other11%
Iron Ore17%
Coal1% Freight
16%Alumina
& Re-lated7%
Grain 12%
Other3%
Iron Ore61%
2005
2013
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We have transformed our network, putting our asset in good shape.
• Significant investment has been made in the network over the last 14 years
• Brookfield Rail has invested $1.5b since 2001 in 10 major projects, including $500m+ spent to upgrade the MidWest rail lines to enable iron ore exports through to Geraldton Port
• Invested cleverly in technology, service delivery and asset protection/management activities
• Overall, our network is in a better condition and has greater performance standards than any time since privatisation.
Old vs New lines on the MidWest Upgrade Project, completed 2012
Our Asset: We have safely operated, maintained & developed our rail infrastructure
MidWest Rail Upgrade
Grain Rail Freight Network Resleepering Program
Eastern Goldfields Railway Rerailing
Leonora Resleepering
Esperance Line Expansion Works
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1964
1966
1968
1970
1972
1974
1976
1978
1980
1982
1984
1986
1988
1990
1992
1994
1996
1998
2000
2002
2004
2006
2008
2010
2012
-
10,000,000
20,000,000
30,000,000
40,000,000
50,000,000
60,000,000
70,000,000
80,000,000
WA Historical Rail Freight Tonnage
Tonnage (Govt Managed) Tonnage (Lease to BR)
Significantly improving efficiency of the freight rail network
Tonnes since privatisation
* Figures prior to 2000 based on WAGR records
To provide customers with a safe, effi cient and reliable freight rail network
supporting economic growth in the southern half of WA
We seek to have a lasting positive impact on the communities we
are connected to
We are focussed on helping our customers achieve their tonnage
goals
We are committed to safely operating, maintaining and
developing our rail network
We aim to exceed the return expected by our
shareholders
We desire for our people to be safe, valued and
fulfilled in the work they do
Our Corporate Goals and Measures help us to understand how successful we are in achieving our purpose
AssetCustomer Community People Financial
Our Purpose & Plan
Our People: We are focussed on the safety & development of our employees
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Summary
• The railway has had significant investment
• The tonnages have grown by 127% since privatisation
• This has been good for the state, BR’s customers and BR
• We are committed to ongoing investment in the railway – people, technology, civil
• BR will always be decent, thoughtful and credible in its negotiations with all parties.
• We have clear purpose and plan
• We are focused on the safety & development of our employees.