Investing - Brookfield Asset Management
Investing - Brookfield Asset Management
Investing - Brookfield Asset Management
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Timber Platform<br />
• Solid performance driven by well located timberlands with high quality species<br />
– Cash flow growth from higher sales and prices<br />
– Log prices increased 13%, volumes up 30% year-over-year<br />
Operating Cash Flow Growth<br />
Key Attributes<br />
t<br />
US$ in millions<br />
$40<br />
$38<br />
$35<br />
$30<br />
$25<br />
– Scarce, high value, premium asset<br />
– Market access and location<br />
– Favourable industry dynamics<br />
$20 – Diversified product mix in highly productive<br />
$15<br />
climate<br />
$15<br />
$10<br />
$5<br />
$-<br />
H1 2010 H1 2011<br />
– High margin business with sustainable cash<br />
flows<br />
– Flexibility to adjust volumes to meet demand<br />
107 | <strong>Brookfield</strong> <strong>Asset</strong> <strong>Management</strong> Inc.