Earnings Call Summary | Brookfield Business Partners LP(BBU.US) Q2 2024 Earnings Conference
Earnings Call Summary | Brookfield Business Partners LP(BBU.US) Q2 2024 Earnings Conference
Business Services segment incurred a one-time $38 million impact from a cybersecurity incident.The following is a summary of the Brookfield Business Partners L.P. LP Units (BBU) Q2 2024 Earnings Call Transcript:
以下是Brookfield商業夥伴公司LP Units（BBU）Q2 2024業績會議通話記錄摘要：
Financial Performance:
金融業績：
Q2 adjusted EBITDA was $524 million, down from $606 million last year.
Business Services segment incurred a one-time $38 million impact from a cybersecurity incident.
Q2調整後的EBITDA爲52400萬美元，比去年的60600萬美元下降。
業務服務部門因網絡安全事件造成3800萬美元的一次性影響。
Business Progress:
業務進展：
Completed $11 billion debt refinancing, reducing annual interest expenses by $15 million.
Sold 10 businesses netting $3 billion, aiming for high returns and effective capital recycling.
完成了110億美元的債務再融資，每年減少了1500萬美元的利息支出。
出售了10項業務，淨收入爲30億美元，旨在實現高回報和有效的資本循環。
Opportunity:
機會：
Refined focus on high-quality, essential service businesses allows for strategic value creation.
Strong market positions and robust business fundamentals sustain investor interest.
專注於高質量、基本服務企業，可以實現戰略價值的創造。
強大的市場地位和健康的業務基本面維持着投資人的興趣。
Risk:
風險：
Operational and financial impacts from CDK Global's cybersecurity incident.
Increased difficulties for lower-quality businesses due to tightening financing environment.
CDk Global的網絡安全事件對運營和財務產生了影響。
由於融資環境趨緊，質量較低的企業面臨着越來越大的困難。
Financial Performance:
金融業績：
Second quarter adjusted EBITDA was $524 million, down from $606 million in the same period last year.
Adjusted EFO for the quarter stood at $289 million, including $103 million of net gains from the sale of Canadian aggregate production operation and public securities in the Industrials segment.
Industrials segment generated $213 million in adjusted EBITDA, up from $196 million in Q2 2023.
Business Services segment reported $182 million in adjusted EBITDA, with a one-time impact of $38 million from a cybersecurity incident.
Infrastructure Services segment saw a decrease in adjusted EBITDA to $157 million from $216 million year-over-year, primarily due to the sale of nuclear technology services.
第二季度調整後的EBITDA爲52400萬美元，比去年同期的60600萬美元下降。
本季度調整後的EFO爲28900萬美元，包括10300萬美元的淨收益，其中包括出售加拿大礦物生產業務和工業部門公共證券所獲得的淨收益。
工業部門的調整後EBITDA爲21300萬美元，高於2023年Q2的19600萬美元。
業務服務部門報告的調整後EBITDA爲18200萬美元，其中網絡安全事件造成了3800萬美元的一次性影響。
基礎設施服務部門的調整後EBITDA從去年的21600萬美元下降至15700萬美元，主要原因是出售核技術服務。
Business Progress:
業務進展：
Successfully completed $11 billion of debt refinancing, reducing borrowing costs and leading to around a $15 million annual reduction in interest expenses.
Sold 10 businesses for roughly $3 billion in total proceeds over the past 1.5 years, aiming at high returns and effective capital recycling.
Continued focus on cybersecurity improvements across operations, notably with an intensive response to a cybersecurity incident at CDK Global.
Advanced energy storage and residential mortgage insurance operations showed strong performances.
Expectations to complete weather-delayed construction projects in Australia later this year.
成功完成了110億美元的債務再融資，降低了借款成本，每年減少了大約1500萬美元的利息支出。
在過去的1.5年中，出售了10個企業，總收益約爲30億美元，旨在實現高回報和有效的資本循環。
繼續加強運營中的網絡安全措施，特別是對CDk Global的網絡安全事件做出了密切回應。
先進的儲能和住房抵押保險經營業績強勁。
預計今年晚些時候完成在澳大利亞受天氣影響而推遲的建設項目。
Opportunities:
機會：
Stable cash flows from many businesses allow for strategic increases in leverage to fund distributions.
Strong market positions and robust business fundamentals enable sustained investor interest even in challenging market environments.
Refined focus on high-quality, essential service businesses with potential for significant value creation and capital recycling.
許多企業穩定的現金流可用於戰略性增加槓桿率，以資助資金分配。
即使在市場環境嚴峻的情況下，強勁的市場地位和穩健的業務基本面使持續投資者興趣。
專注於高質量、基本服務業務，具有潛在的顯著價值創造和資本回收。
Risks:
風險：
Cybersecurity incident at CDK Global led to operational disruptions and financial impacts, highlighting ongoing cyber risks.
Lower-quality businesses encountering increased difficulties due to reliance on historically low-cost capital for growth in a tightening financing environment.
CDK全球網絡安全事件導致運營中斷和財務影響，突顯持續的網絡安全風險。
在融資環境趨緊的情況下，低質量的企業由於依賴歷史上低成本資本進行增長而遇到越來越大的困難。
More details: Brookfield Business Partners LP IR
更多詳情：brookfield business partners lp IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
