Company: BIP-PB
Filing Date: 2025-03-24
Form Type: 20-F
Source: 0001628280-25-014380
Chunk: 251

Company: Brookfield Infrastructure Partners L.P.
Filing Date: 2025-03-24
Form: 20-F
Item: Item 5
Chunk 251
---
2 from the acquisition of hyperscale data center platforms in Europe and the U. S. and from the construction of new facilities across our global data center portfolio.

Recent Developments

On December 31, 2024, at our North American hyperscale data center platform, we secured the sale of a non-core site to a technology company for approximately $1 billion. Proceeds after debt repayment and transaction costs are expected to be approximately $400 million ($60 million net to BIP), with closing expected later in 2025.

In March 2025, our European hyperscale data center platform completed the first step in our stabilized data center monetization strategy, signing an agreement to sell a 30% interest in a portfolio of de-risked and operating sites in Europe to a financial sponsor for approximately $460 million in proceeds ($90 million net to BIP).

Brookfield Infrastructure 129

The following table presents the components of our corporate segment, at our partnership’s share:

                                   For the year ended December 31,                        
  US$ MILLIONS                                                2024       2023       2022  
 ──────────────────────────────────────────────────────────────────────────────────────────
  Adjusted EBITDA (1)                                        (405)      (413)      (433)  
  Funds from Operations (FFO)                                (474)      (438)      (428)  

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

2024 vs. 2023

For the year ended December 31, 2024, Adjusted EBITDA and FFO for our Corporate segment were losses of $405 million and $474 million, respectively, versus $413 million and $438 million, respectively, in 2023.

Pursuant to our Master Services Agreement, we pay Brookfield an annual base management fee equal to 1.25% of the combined market value of our partnership and BIPC plus preferred units outstanding and net recourse debt.

2023 vs. 2022

For the year ended December 31, 2023, Adjusted EBITDA and FFO for our Corporate segment were losses of $413 million and $438 million, respectively, versus $433 million and $428 million, respectively, in 2022.

Pursuant to our Master Services Agreement, we pay Brookfield an annual base management fee equal to 1.25%