Brookfield Infrastructure Corporation, together with its subsidiaries, owns regulated utility investments in Brazil and the United Kingdom, as well as a global intermodal logistics operation. The company is a subsidiary of Brookfield Infrastructure Partners L.P.
The company serves as an alternative investment vehicle for investors in the partnership who prefer owning its infrastructure operations.
As of December 31, 2024, the company’s operations principally consisted of the ownership and oper...
Brookfield Infrastructure Corporation, together with its subsidiaries, owns regulated utility investments in Brazil and the United Kingdom, as well as a global intermodal logistics operation. The company is a subsidiary of Brookfield Infrastructure Partners L.P.
The company serves as an alternative investment vehicle for investors in the partnership who prefer owning its infrastructure operations.
As of December 31, 2024, the company’s operations principally consisted of the ownership and operation of regulated gas transmission systems in Brazil, regulated distribution operations in the U.K. and a global intermodal logistics operation.
As of December 31, 2024, the company owned interests in a regulated gas and electricity business in the U.K., a regulated natural gas transmission business in Brazil and a global intermodal logistics operation. Virtually all the company’s revenues are supported by the underlying regulatory framework or long-term contracts in the businesses the company owns.
The Service Providers, which are subsidiaries of Brookfield, provide certain management, administrative and advisory services to Brookfield Infrastructure for a fee pursuant to the Master Services Agreement. The company is also externally managed by the Service Providers. ‘Service Providers’ are to Brookfield Infrastructure Group L.P., Brookfield Asset Management Private Institutional Capital Adviser (Canada), LP, Brookfield Asset Management Services SRL, Brookfield Global Infrastructure Advisor Limited, Brookfield Infrastructure Group (Australia) Pty Limited, Brookfield Private Capital (DIFC) Limited, and unless the context otherwise requires, includes any other affiliate of Brookfield Corporation that provides services to it pursuant to the Master Services Agreement (the amended and restated master services agreement dated as of February 29, 2024, among the Service Recipients (the partnership, Holding LP (Brookfield Infrastructure L.P.) certain of the Brookfield Infrastructure Holding Entities, BIPC, Brookfield Infrastructure Holdings Corporation (BIHC), certain of their subsidiaries in their capacity as recipients of services under the Master Services Agreement), Brookfield Corporation, the Service Providers and others) or any other service agreement or arrangement.
The company’s operations are:
The company’s business consists of a U.K. regulated distribution operation, a Brazilian regulated natural gas transmission operation and a global intermodal logistics operation. These businesses earn a return on a regulated or notionally stipulated asset base, which the company refers to as rate base, or from revenues in accordance with long-term agreements.
The company’s operations consist of the following:
Approximately 2,000 kilometers of natural gas pipelines in Brazil.
Approximately 4.7 million gas and electricity connections in the U.K.
Global fleet of approximately 7 million twenty-foot equivalent units (‘TEUs’) intermodal containers under long-term contracts.
Brazil
The company’s regulated gas transmission operation in Brazil operates over 2,000 kilometers of natural gas transportation pipelines in the states of Rio de Janeiro, Sao Paulo and Minas Gerais. The total capacity of 158 million cubic meters is fully contracted under long-term ‘ship-or-pay’, inflation adjusted gas transportation agreements (‘GTAs’) that has an average remaining life of 5 years. These assets operate under a perpetual contract.
Strategic Position
The company’s regulated gas transmission operation in Brazil provides the backbone of Brazil’s southeast natural gas transportation system, supplying natural gas to a region responsible for approximately 50% of Brazil’s demand, including Rio de Janeiro and Sao Paulo.
Growth Opportunities
The company's natural gas transmission operation in Brazil is strategically located in the region where the majority of Brazilian economic activity and pre-salt offshore oil production occurs. This operation is well positioned to absorb increasing demand as natural gas is used as an efficient and low carbon energy solution for both home and industry, and as the new 'entry-exit' model incentivizes utilization of the company's transportation infrastructure by multiple new shippers.
The United Kingdom
The company’s regulated distribution operation is the leading independent ‘last mile’, multi-utility connection provider, with approximately 4.7 million connections.
Strategic Position
The company’s regulated distribution operation is critical to the markets in which it is located. The company’s system is a market leader in terms of new gas and electricity connection sales to the new-build housing market, and total installed connections among independent utilities. The operation generates stable cash flows underpinned by a diverse customer base throughout England, Scotland and Wales. The company’s U.K. customers consist primarily of large energy retailers who serve residential and commercial users.
Global Operations
The company’s global intermodal logistics operation is the world’s largest lessor of intermodal containers with a fleet of 4 million containers representing 7 million TEUs. Operations include the acquisition, leasing, re-leasing, and subsequent sale of multiple types of intermodal containers and chassis to the company’s customers, which include the largest container shipping lines. The company’s lease products provide numerous operational and financial benefits to its shipping line customers, including operating flexibility, fleet size and mix flexibility, and an alternative source of financing.
Strategic Position
The company’s global intermodal logistics operation has an extensive global presence, offering leasing and sales services to the world’s largest shipping lines through 21 local offices and over 450 third-party owned depots across 47 countries. The company’s position as the largest global owner and lessor of intermodal containers provides scale efficiencies and enhances the service quality provided to its customers. the company’s primary customers include the world’s top shipping lines that collectively account for 85% of global shipping capacity.
Growth Strategy
The company's growth strategies are to incorporate the company's technical insight into the evaluation and execution of acquisitions; maintain a disciplined approach to acquisitions; actively manage the company's assets to improve operating performance; and employ a hands-on approach to key value drivers, such as development projects and follow-on acquisitions and financings.
Intellectual Property
The company’s company is automatically entitled to the benefits of, and certain obligations under, the Licensing Agreement that Brookfield Infrastructure has entered with Brookfield, by the company is a controlled subsidiary of the partnership. Pursuant to the Licensing Agreement, Brookfield has granted a non-exclusive, royalty-free license to use the name ‘Brookfield’ and the Brookfield logo. Other than under this limited license, the company does not have a legal right to the ‘Brookfield’ name and the Brookfield logo in the United States and Canada.
History
Brookfield Infrastructure Corporation was founded in 2019. The company was incorporated under the Business Corporations Act (British Columbia) (BCBCA) in 2019.