Company: BIP-PB
Filing Date: 2025-03-24
Form Type: 20-F
Source: 0001628280-25-014380
Chunk: 239

Company: Brookfield Infrastructure Partners L.P.
Filing Date: 2025-03-24
Form: 20-F
Item: Item 5
Chunk 239
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 of its current capital structure and tax profile.

118 Brookfield Infrastructure

The following table presents our partnership’s share of Adjusted EBITDA and FFO for the businesses in this operating segment:

                                             Adjusted EBITDA (1)                                     FFO                       
  US$ MILLIONS                               2024                                2023      2022      2024      2023      2022  
  Commercial & Residential Distribution      $                          705      $         $         $         $         $     
  Regulated Transmission                     547                                 631       601       262       368       343   
  Total                                      $                        1,252      $         $         $         $         $     

(1) Non-IFRS measure. Refer to the “ Reconciliation of Segment Adjusted EBITDA” section of this MD& A for a reconciliation from net income.

The following table presents the roll-forward of our rate base:

                                         For the year ended December 31,                                                         
  US$ MILLIONS                                                      2024                  2023                  2022             
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Rate base, start of period (1)                                       $      7,117          $      6,804          $      5,818  
  Capital expenditures commissioned                                  468                   487                   471             
  Inflation and other indexation                                      57                   362                   368             
  Acquisitions (asset sales)                                          78                 (614)                   648             
  Regulatory depreciation                                          (173)                 (167)                 (160)             
  Foreign exchange and other                                       (848)                   245                 (341)             
  Rate base, end of period                                             $      6,699          $      7,117          $      6,804  

(1) Rate base excludes our North American and European residential warranty businesses.

The following table presents the roll-forward of our partnership’s share of capital backlog, which represents growth projects over the next two to three years, as well as capital to be commissioned:

                                            For the year ended December 31,                                                         
  US$ MILLIONS                              2024                                             2023                  2022             
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Capital backlog, start of period          $                                      562          $        646          $        532  
  Additional capital