Thank you, Andrew, and Good morning, everyone.
Partners' XXXX Infrastructure Conference Brookfield to Fourth Earnings Quarter Call. Welcome
today Krant, owning my Infrastructure the joined discussion Executive of name and with introduced, quarter results I'll and Sam Partners. our Pollock. Officer, is also our Brookfield As the of David over I'm ahead. and begin infrastructure for the Chief I'll then position. as Officer touch Chief I'm well financial fourth liquidity reiterate cycles by market on operating Financial as throughout the will the investments our to call and robust merits outlook who balance of sheet strength an Sam, turn provide year
would will future for are you that like Following we be and our we Officer, by in our Chief a remarks Ben commentary, results make differ statements At Vaughan, These may unknown today, forward-looking period. statements. and risks, Operating I to our question-and-answer may subject materially. remind joined time, known to this
on for ended by of unit, The I'll ratio I a predictable $X.XX the XX-F, prior to our and with of which per risk information a increase resulted which our the XX% generate the a exceeded representing for XX%. growing was Form on website. to fourth year. XXXX and our in another results. For $X.XX cash FFO flows. was factors, available continuing XX% record We showcased Funds move by the from unit, for operations, of or Infrastructure. on year successful you that, quarter on highest our payout attractiveness year With FFO, would to per date our Brookfield over discussion quarterly to prior report is essential further XXXX known nature now review annual of assets year encourage their
outlook XX% unit and by This consecutive business, now further for results by year. increases. businesses. the year of drivers go profile Board in our marks the on totaled basis. of a operating momentum quarterly majority an volume growth of Directors to is in significant into and through $X.XX organically company results countries inflation of and maturity new behind expand increase FFO supported acquisitions, for capturing annualized This distribution compared increase XXth We're number of per the XXXX. strong our year the position the elevated the liquidity. year reflecting the for significant of $X.X solid from Taking critical a operating the account growth the strong a favorable organic across through our infrastructure the financial in distribution I'll proposed billion, and driven our to operate X% momentum the to we Results for XX%, networks. benefited the entering a where long-term debt a key the and year have
impacted During billion the now year, as that projects acquisitions $X earnings favorably we new $X new further into over well are that contributing deployed commissioned a billion as results. capital of to
platform district Partially improved borrowing of first year. This positively rate $XXX Starting associated X% offsetting the million of X generated average our the reflects well over contribution increase of prior entire and at growth also impact our of base an sale X% FFO with with million, the of that of commissioned of American utilities as XXXX. higher we the an results almost completed into of Utility during half asset indexation inflation Results North our energy the in the from as capital acquisitions our utility the costs were $XXX Australian completed segment, contribution Brazilian impacted base. these year. the
sales million and a year. connections. to another with notable XX% sale This all with Our XXX,XXX of U.K. in Performance last utility record year. X.X of solid the a across total of X% activity, of company's the connection order regulated and prior set offerings recorded over quarter the our ending the increased outperformance year strong relative was by distribution best sales was year operation was water book sales than higher of connections, record which
energy additive with we a up of growth trend opportunity the million In exciting to platform, support Australia, retailers notably, contracted next business and will Across will The utility-scale to our of energy blue-chip recently regulated our continue business. hyperscale signed a contract require opportunities electrical HomeServe. range over X to net the recently cooling has largest smart our an residential building further one total to the with transition the profile global to a attractiveness provide expenditures million highlights deploy construction solutions. the is customers utility renewable agreement of with heating, connect to and to infrastructure see the platform be greenfield will decarbonization in XX offers of to the completed to acquisition and utility data build X. business new of Australia, generation with centers. presence X residential Most accelerated This continuing in offerings years. over XXX that of infrastructure a AUD new of infrastructure grow secured greenfield support power product and metering that integration new to solutions, storage meters project and capital launch a Australia's X help We're acquired countries smart homeowners we help the
supported businesses. networks XX% segment. $XXX Results to economic was Higher approximately $XXX strong projects during the commissioning increases and FFO in compared tariff benefited Moving primarily the Transport of million, the year. of to volumes surrounding million all from inflationary expansion year. capital prior our increase by an our activity across our
annual underpin realized the goods networks strong average from an and that bulk benefited for Our economy. increase of rail rate and global commodities X% demand
have the prior up year. terminals compared strong, portfolio, Our tariffs compared our were levels rates been year. to annual X% volumes at road XX%, the increased operations, respectively, for prior to global and finally, X% and toll traffic and the And diversified year
This This fixed in earlier robust by for for prior $XXX in primarily Inter acquisition the further completed well elevated by year. commissioning and market-sensitive to Pipeline that year of our through change the $XXX year. the export compared half result aided were demand Within is our revenues of FFO train U.S. prices, the we as led LNG last which terminal million liquefaction step base higher the Results across was of Midstream primarily was second million businesses. in increased segment, as the driven to the utilization a of year. our commodity
role critical the natural conditions. energy benefit Storage shift winter need periods from provided of fourth reliable West energy intermittent to infrastructure usage best business prices matched its to North on we of record be toward the supply U.S. The stemming gas gas sources extreme our along supply is weather Gas higher playing Our and gas that quarter storage as curtailed Coast, had captured American the during elevated temperatures. by in a demand volatile
At X% increase Inter to levels of a quarter reached the volumes fourth conventional Pipeline, record and last in system since saw year the compared XXXX.
of leveraging achieved staged Complex of ramp-up in production will We propylene, production continue the Petrochemical to polymer-grade unit a of the as initial experience increase propylene months. the start-up activities, large the PDH manner over coming progress our of Heartland
full second half production integrated levels high by contribution achieve this of with reliably to of year. expect mid-XXXX, by the polypropylene rate run to We results financial
year. $XXX of which segment million, consistent was the Data our with generated Finally, FFO prior
The sold of as wireless approval impact acquisition cash performed competition BIP they of by part from pure-play gives effects to to funded of year, transaction as existing us the to double EBITDA portfolio by XXXX. foreign from $XX escalators increase This $XX businesses our excellent requirements. who strategic and portfolio. over our U.K. a The strength to the offset This by is XX% of utilization our operator purchase required X,XXX partially operational positive a enter U.K. underlying portfolio region. optimism infrastructure the the will of year's expected equity, completed euro which of our with Indian position These of our investor points rupee-denominated benefit in approximately of Our as network and approximately growth tower tariff million we were the the company exchange presence November, In the on and towers in largest flows. tower position financial driven data well and finish densification across solidify million. customer continue increasing was the combined requirements. as additional inflationary
capitalized remains sheet well investment-grade balance credit reflected as in profile. corporate Our our
quarter, further the During profile in raising markets. capital $XXX million we derisked by debt our the maturity Canadian
existing our refinance debt average were The to years nonrecourse to asset proactively includes borrowings, respect and Pipeline several port near-term and issuance we our debt. used had Inter of that U.K. refinancing maturities. With an term This refinanced X operation. proceeds level
U.S. the initial funding venture. the debt with completed also We Semiconductor joint associated
that over years us XX maturing result, borrowing fixed less X% has This, term largely the our balance maturity rate to provides tremendous than is the combined an a X of base of sheet flexibility. average financial months. As with with next
Finally, liquidity ended with the billion. we year $X.X of corporate
During fourth quarter, announced program. X our sale part as transactions completed of we the previously the capital recycling of
recently we BIP. tower in the in Brazil, and million transmission New electricity of portfolio With closing of the tranche to Zealand telecom constructed the first $XXX our net raised lines nearly
further a was a previous sale EBITDA to XX% signed proceeds half reconstituated to Closing XXXX, receive our for approval, XXx be in binding $XXX we freehold transactions from consortium sales liquidity Indian anticipated owned net with Australia. of for agreement BIP AUD not of After of Our is multiple. toll in port of approximately by to million. billion. did the which the proceeds the and will sell these road X.X the first Victoria, enhanced portfolio position landlord occur the regulatory our a to
over recently we expect the processes, we to will partnership are billion I'd we which time these significant you thank your round net proceeds call should economic for this sale morning, $X I'll sales Together, like the environment. several considering garner next progressing turn interest this and Sam. generate of all now year. the that of Finally, for current asset over -- the advanced-stage to processes launched and
