2022 at a Glance

In 2022, despite the challenges imposed by the global macroeconomic and geopolitical environment, we delivered solid results, executed significant investments and expanded our assets under management in Brazil. We ended the year with BRL 175 billion in assets under management, an increase of 12% compared to 2021. Our net profit reached BRL 36.3 billion, 22% higher than the 2021 result. EBITDA reached BRL 19.6 billion.

Throughout the year, we deployed approximately BRL 12 billion in new investments in the country, including the largest deal in the history of the Brazilian real estate market — the acquisition of 12 real estate assets for approximately BRL 5.9 billion. We also completed the acquisition of the rent-a-car division of Unidas, one of the most recognized Brazilian brands.

Reflecting the natural cycle of an asset manager, we registered approximately BRL 8 billion in divestments, generating strong risk-adjusted returns for our investors and shareholders. One of the highlights was the sale of five Quantum power transmission concessions, totaling 2,416 km of transmission lines and 20 operating substations, for BRL 4.3 billion, in the largest transaction involving energy transmission assets in Brazil. 

We believe that the adoption of sound ESG practices is essential for building resilient assets and businesses, while creating long-term value for our investors and stakeholders. We manage investments with integrity, combining economic objectives with responsible citizenship. This is consistent with our philosophy of conducting our business with a long-term perspective, with a robust compliance system and a zero-tolerance stance for corruption.

Brookfield in Brazil

We invest in key regions and sectors for the Brazilian economy. Our operations span 20 states and our portfolio companies employ more than 20,000 people in the country.

Our extensive operational experience and deep local knowledge has allowed us to manage through the different economic cycles until our consolidation as one of the largest investors in high-quality assets in the country, with a focus on long-term value creation.

Our investments in Renewable Power & Transition in Brazil include hydroelectric plants, wind farms, solar plants, and biomass plants, totaling 3 GW of  operating capacity and a development pipeline of 2,7 GW. 

In Infrastructure, we play a strategic and historic role in the development of sectors essential to the economy, including road and rail transport, power transmission, natural gas transport, and data infrastructure.

Our Private Equity portfolio includes market-leading companies operating in sectors with high barriers to entry, such as water and wastewater services, fleet management of automobiles and heavy equipment, solutions for generating distributed solar energy, and high-end residential real estate development.

In Real Estate, we invest in the segments of high-end office buildings, logistics parks, multifamily and retail, with approximately 2 million square meters of leasable area.