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商业伙伴公司LP Units（BBU）Q2 2024业绩会议通话记录摘要：
Financial Performance:
金融业绩：
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调整后的EBITDA为52400万美元，比去年的60600万美元下降。
业务服务部门因网络安全事件造成3800万美元的一次性影响。
Business Progress:
业务进展：
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110亿美元的债务再融资，每年减少了1500万美元的利息支出。
出售了10项业务，净收入为30亿美元，旨在实现高回报和有效的资本循环。
Opportunity:
机会：
Refined focus on high-quality, essential service businesses allows for strategic value creation.
Strong market positions and robust business fundamentals sustain investor interest.
专注于高质量、基本服务企业，可以实现战略价值的创造。
强大的市场地位和健康的业务基本面维持着投资人的兴趣。
Risk:
风险：
Operational and financial impacts from CDK Global's cybersecurity incident.
Increased difficulties for lower-quality businesses due to tightening financing environment.
CDk Global的网络安全事件对运营和财务产生了影响。
由于融资环境趋紧，质量较低的企业面临着越来越大的困难。
Financial Performance:
金融业绩：
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.
第二季度调整后的EBITDA为52400万美元，比去年同期的60600万美元下降。
本季度调整后的EFO为28900万美元，包括10300万美元的净收益，其中包括出售加拿大矿物生产业务和工业部门公共证券所获得的净收益。
工业部门的调整后EBITDA为21300万美元，高于2023年Q2的19600万美元。
业务服务部门报告的调整后EBITDA为18200万美元，其中网络安全事件造成了3800万美元的一次性影响。
基础设施服务部门的调整后EBITDA从去年的21600万美元下降至15700万美元，主要原因是出售核技术服务。
Business Progress:
业务进展：
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110亿美元的债务再融资，降低了借款成本，每年减少了大约1500万美元的利息支出。
在过去的1.5年中，出售了10个企业，总收益约为30亿美元，旨在实现高回报和有效的资本循环。
继续加强运营中的网络安全措施，特别是对CDk Global的网络安全事件做出了密切回应。
先进的储能和住房抵押保险经营业绩强劲。
预计今年晚些时候完成在澳大利亚受天气影响而推迟的建设项目。
Opportunities:
机会：
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.
许多企业稳定的现金流可用于战略性增加杠杆率，以资助资金分配。
即使在市场环境严峻的情况下，强劲的市场地位和稳健的业务基本面使持续投资者兴趣。
专注于高质量、基本服务业务，具有潜在的显著价值创造和资本回收。
Risks:
风险：
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全球网络安全事件导致运营中断和财务影响，突显持续的网络安全风险。
在融资环境趋紧的情况下，低质量的企业由于依赖历史上低成本资本进行增长而遇到越来越大的困难。
More details: Brookfield Business Partners LP IR
更多详情：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：如需更全面的详情，请参阅投资人关系网站。本文仅供投资者参考，不作任何指引或建议。
译文内容由第三方软件翻译。
