Brookfield Business enterprise Company (BBUC) Q2 2022 Earnings Connect with Transcript

Brookfield Business enterprise Corporation (BBUC 5.17%)
Q2 2022 Earnings Connect with
Aug 05, 2022, 10:00 a.m. ET

Contents:

• Ready Remarks
• Issues and Responses
• Call Contributors

Ready Remarks:

Operator

Welcome to the Brookfield Business Partners’ 2nd quarter 2022 outcomes conference phone and webcast. [Operator instructions] The conference is being recorded. [Operator instructions] Now I might like to flip the meeting over to Alan Fleming, senior vice president of trader relations. Make sure you go ahead, Mr.

Fleming.

Alan Fleming — Senior Vice President of Trader Relations

Thank you, operator, and great early morning. In advance of we get started, I’d like to remind you that in responding to concerns and speaking about our progress initiatives and our economical functioning performance, we may make ahead-wanting statements. These statements are topic to identified and unknown threats, and foreseeable future benefits may perhaps differ materially. For additional facts on regarded threat aspects, I stimulate you to critique our filings with the securities regulators in Canada and the U.S., which are available on our web-site.

On the simply call with me right now is Cyrus Madon, main executive officer Denis Turcotte, chief operating officer and Jaspreet Dehl, main monetary officer. We are also joined nowadays by Stuart Levings, chief govt officer of Sagen, our Canadian residential mortgage insurance company. I will transform the contact over very first to Cyrus to present an update on our small business, and then Stuart will talk about modern developments at Sagen. Jaspreet will complete with a dialogue on our fiscal outcomes.

We are going to then all be obtainable to just take your inquiries. And with that, I will move the call above to Cyrus.

Cyrus Madon — Main Executive Officer

Many thanks, Alan. Very good early morning, anyone. Thanks for becoming a member of us these days. We had a great quarter.

We produced in excess of $540 million of modified EBITDA and keep on to be very delighted with the resilience of our functions. We’re well positioned heading into the 2nd fifty percent of the calendar year, and we are progressing initiatives to crystallize major price. I imagined I’d get started with a couple feedback on the working ecosystem ahead of turning to an…