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Investing - Brookfield Asset Management

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Utilities Platform<br />

• Strong performance driven by world-class regulated assets<br />

Operating Cash Flow Growth<br />

Key Attributes<br />

US$ in millions<br />

$60<br />

$50<br />

$40<br />

$34<br />

$30<br />

$20<br />

$50<br />

– Stable revenues with inflationary growth<br />

– Earn return through regulated or contractual<br />

framework on capital employed<br />

– Virtually 100% of revenues are regulated or<br />

contractual<br />

– Diversity across regulatory regimes<br />

$10<br />

$-<br />

H1 2010 H1 2011<br />

– Significant opportunities to invest in system<br />

expansions at attractive returns<br />

103 | <strong>Brookfield</strong> <strong>Asset</strong> <strong>Management</strong> Inc.

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