The following is a summary of the Brookfield Infrastructure Partners L.P. Limited Partnership Units (BIP) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Brookfield Infrastructure reported Q3 2024 Funds from Operations (FFO) of $599 million, a 7% increase over the prior year.

• Utility segment FFO rose by 9% to $188 million, driven by inflation indexation and recent capital investments.

• Transport segment FFO surged 50% to $308 million, primarily due to acquisitions.

• Data segment FFO grew by 29% to $85 million, with strong underlying performance and new investments.

Business Progress:

• Closed acquisition of 76,000 Indian telecom tower sites, becoming the largest telecom tower operator in India.

• Completed $3 billion of non-recourse financings to efficiently finance operations, extend maturities, and reduce cost of capital.

• Successfully commissioned new data center capacities, adding 70 megawatts in the quarter.

• Advanced significant organic growth projects with an $8 billion backlog, offering project-level returns at or above target ranges.

Opportunities:

• Expect to attract significant capital deployment focusing on decarbonization and digitalization.

• Planned capital recycling initiatives estimated to generate $5-6 billion in proceeds over the next two years.

Risks:

• Higher borrowing costs and foreign exchange fluctuations, notably the depreciation of the Brazilian Real, impacted the financial results.

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.