Company: BIPC
Filing Date: 2025-03-24
Form Type: 20-F
Source: 0001628280-25-014377
Chunk: 77

Company: Brookfield Infrastructure Corp
Filing Date: 2025-03-24
Form: 20-F
Item: Item 4
Chunk 77
---
 from season to season and from year to year and may also change permanently because of climate change or other factors. See Item 3. D “ Risk Factors - Risks Relating to Our Group’s Operations and the Infrastructure Industry - Our operating entities are exposed to the risk of increasing environmental legislation and the broader impacts of climate change.”

Brookfield Infrastructure Corporation 69

Raw Materials

Some of our operating subsidiaries depend on continued strong demand for commodities, such as natural gas or minerals, for their financial performance. Demand, availability, and price of these raw materials can have an impact on the performance of our operating subsidiaries. See Item 3. D “ Risk Factors - Risks Relating to Our Group’s Operations and the Infrastructure Industry - Some of our operations depend on continued strong demand for commodities, such as natural gas or minerals, for their financial performance. Material reduction in demand for these key commodities can potentially result in reduced value for assets, or in extreme cases, a stranded asset.”

Marketing

Our marketing efforts focus on leveraging our competitive advantages described and our group’s world-class operating businesses described in Item 4. B “ Business Overview”.

We also leverage our relationship with Brookfield, which our group believes provides a unique competitive advantage considering Brookfield’s strong reputation in the energy marketing, asset management, infrastructure and global real estate industries. See Item 7. B “ Related Party Transactions - Licensing Agreement”.

Emerging Markets Operations

Brookfield and its predecessor corporations have invested in Brazil for over 100 years and Brookfield Infrastructure has been invested in Brazil since its inception in 2008, with Brazilian operations including NTS. Our group and Brookfield employ a number of key practices in managing the various risks associated with the emerging markets in which they operate, including Brazil. These practices include the following:

Oversight of Subsidiaries. Our company’s corporate structure has been designed to ensure that our company controls, or has an appropriate measure of direct oversight over, the operations of NTS. A majority of the equity interests in NTS are held by Nova Infraestrutura Fundo de Investimento em Participações, or NIF, which is in turn externally managed by Brookfield Brasil Asset Management Investmentos Ltda., or Brookfield Brazil, a subsidiary of Brookfield. Pursuant to the NTS Voting Agreement, BIHC has the right to remove Brookfield Brazil as the manager of NIF at any time.

Transfer of Funds. Brookfield, by virtue of its control of NTS, may cause NTS to make distributions